Toronto - AbraSilver Resource Corp. (TSX.V: ABRA; OTCQX: ABBRF) ('AbraSilver' or the 'Company') is pleased to announce the latest diamond drill hole assays from the Company's ongoing Phase II drill program, on its wholly-owned Diablillos property in Salta Province, Argentina.

The reported drill holes were focused on two key areas: (i) Northeast zone (holes DDH-21-058 and DDH-21-064), and (ii) shallow gold zone (holes DDH-21-059 through DDH-21-063)

John Miniotis, President and CEO, commented, 'We are very pleased with the consistent drill results we continue to intersect as part of our ongoing Phase II drill program. Our step-out holes in the Northeast zone continue to deliver significant oxide gold and silver intercepts outside of the existing Mineral Resource. Additionally, our shallow infill drill program is confirming and improving the existing resource which will be very important in the early economics of the open pit. Overall, our ongoing drilling program continues to expand the size and quality of the Diablillos project, which should be reflected in an updated Mineral Resource Estimate to be announced later this year.'

About Diablillos

The 80 km2 Diablillos property is located in the Argentine Puna region - the southern extension of the Altiplano of southern Peru, Bolivia, and northern Chile - and was acquired from SSR Mining Inc. by the Company in 2016. There are several known mineral zones on the Diablillos property, with the Oculto zone being the most advanced with over 90,000 meters drilled to date. Oculto is a high-sulphidation epithermal silver-gold deposit derived from remnant hot springs activity following Tertiarty-age local magmatic and volcanic activity. Comparatively nearby examples of high sulphidation epithermal deposits include: Yanacocha (Peru); El Indio (Chile); Lagunas Nortes/Alto Chicama (Peru) Veladero (Argentina) and Filo del Sol (Argentina).

About AbraSilver

AbraSilver is a well-funded silver-gold focused advanced-stage exploration company. The Company is rapidly advancing its 100%-owned Diablillos silver-gold project in the mining-friendly Salta province of Argentina, which has a current Measured and Indicated Mineral Resource of over 90 million ounces of silver and 1.0 million ounces of gold. The Company is led by an experienced management team and has long-term supportive shareholders including Mr. Eric Sprott and SSR Mining. In addition, AbraSilver owns a portfolio of earlier-stage copper-gold projects including the La Coipita copper-gold project in the San Juan province of Argentina. AbraSilver is listed on the TSX-V under the symbol 'ABRA' and in the U.S. under the symbol 'ABBRF'.

Contact:

John Miniotis

Tel: +1 416-306-8334

Email: john@abrasilver.com

Cautionary Statements

This news release includes certain 'forward-looking statements' under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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