AbraSilver Resource Corp. announced assay results from its latest diamond drill holes from the ongoing Phase III program on the Company's wholly-owned Diablillos property in Salta Province, Argentina. Exploration Update: Drilling is ongoing with two diamond drill rigs focused on understanding the extent and orientation of silver and gold mineralization at the JAC target.

To date, assay results have been reported for 24 drill holes at the JAC target, which coincides with a NE-SW trending magnetic anomaly, and there are assays pending for an additional 19 drill holes. These drill holes span 700m along strike and widths up to 150m. Mineralization at the JAC target is open in multiple directions and at least 20 additional drill holes are planned.

Additional drilling may be required if mineralization remains open at the completion of these additional holes, a scenario that appears increasingly likely. The JAC zone appears to be parallel to the Main Breccia at Oculto and may be an extension of it towards the Southwest. There is currently a drilling gap of approximately 150m between the East-Northeast extension of the JAC zone and the Oculto Zone that will need to be infilled to understand the relation between the two zones and to test for the additional mineralization between the two.

The JAC Zone is a blind target as it buried under unconsolidated colluvial material and does not have a physical surface geological expression. It is interpreted as being oriented West-Southwest to East-Northeast based on a coincident magnetic low, interpreted to have formed from the destruction of magnetic minerals by the high-sulphidation hydrothermal fluids. A preliminary interpretation of the geometry of the JAC zone suggests both horizontal high-grade components as well as an underlying feeder structure.

Additional results from the current drilling and additional drilling testing the edges of this mineralization will be needed to confirm this interpretation and to determine the extents of the mineralization. Of significant geological interest is an additional parallel low magnetic zone to the South-Southeast of JAC which has not been drilled to date and has potential to host additional mineralization (Figure 3). 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 120,000 metres 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).

QA/QC and Core Sampling Protocols: AbraSilver applies industry standard exploration methodologies and techniques, and all drill core samples are collected under the supervision of the Company's geologists in accordance with industry practices. Drill core is transported from the drill platform to the logging facility where drill data is compared and verified with the core in the trays. Thereafter, it is logged, photographed, and split by diamond saw prior to being sampled.

Samples are then bagged, and quality control materials are inserted at regular intervals; these include blanks and certified reference materials as well as duplicate core samples which are collected in order to measure sample representivity. Groups of samples are then placed in large bags which are sealed with numbered tags in order to maintain a chain-of-custody during the transport of the samples from the project site to the laboratory. All samples are received by the SGS offices in Salta who then dispatch the samples to the SGS preparation facility in San Juan.

From there, the prepared samples are sent to the SGS laboratory in Lima, Peru where they are analyzed. All samples are analyzed using a multi-element technique consisting of a four acid digestion followed by ICP/AES detection, and gold is analyzed by 50g Fire Assay with an AAS finish. Silver results greater than 100g/t are reanalyzed using four acid digestion with an ore grade AAS finish.