TSX.V: BRC www.blackrockgoldcorp.com

Vancouver, British Columbia-(Newsfile Corp.-October 12, 2021)-Blackrock Silver Corp. (TSX: BRC) (the "Company") is pleased to announce that it has intercepted more information from its core and reverse loop Multi-grade Silver and Gold (RC) is located in the drilling plan of the 100% controlled Tono Passi project in the Walker Lane trend in western Nevada. These new results continue to prove the continuity of high-grade mineralization in the 800m x 800m area, which will form the basis for the upcoming initial resources of the DPB target. Combined with the drilling conducted so far, these results confirm the company's understanding of the structural direction and confirm the continuity of the mineralization of the DPB vein group. Tonopah is strategically located west of Tonopah, close to the town of Tonopah, Interstate 95 passes through the property, and the DPB target area is entirely located on patent land.

"As our resource definition plan is gradually over, the fill analysis continues to provide world-class results. The Bermuda Vein returned to our best intercept by thickness in the TXC21-026 drilling project this year, which also included our highest intercept. -To date, the project’s silver-level interception,” said Andrew Pollard, President and CEO of Blackrock Silver. "Since drilling started in June last year, we have completed nearly 100,000 meters of drilling for the entire project, and look forward to delivering the first resource estimate in the first quarter of 2022, which will cover more than 800 x 800 meters of the DPB vein cluster area."

Mr. Pollard continued, “Our knowledge of this vein shows that the best mineralization is located between the two andesite units, and the high-grade gold and silver are located in the stream-shaped rhyolites that cut the West End rhyolite and the Tonopah formation. In the veins of rock. In essence, the geology we see is similar to the double-layer Oreo biscuit, in which the vein group occupies a rich filling, and two andesite provide a hard crust. We know that drilling through the upper andesite does not The hole in the lower andesite is terminated, and high-grade silver and gold veins are located in the center. All known veins in the area remain open. According to our model predictions, the drilling rig is still rotating at this time, and the laboratory is waiting for 24 completed drilling Analysis of the hole, including a 500-meter walk on our Merten vein, we have a lot of expectations while waiting for our first resource estimate."

Table 1: Summary of important Au and Ag test results using 200 g/t AgEq cut-off grade.

(Intercepts greater than 2,000 g-m AgEq are shown in bold)

Core drilling continues to show that the DPB target has thick, high-grade silver and gold intercepts. The area has 6 mineral veins, with a cumulative high-grade trend of more than 4 kilometers, and a large width. The mineralized branches measure hundreds of meters vertically.

Bermuda Veins continues to be impressive with its high-grade silver and gold value. TXC21-026 returns 4.1 meters, graded at 9.07 g/ton gold and 1,120 g/ton silver, including a 0.9-meter intersection, which contains 20.85 g/ton gold and 2,994 g/ton silver. To date, Bermuda Veins has returned the most impressive bonanza-grade gold and silver intercepts from the fill drilling program.

Drillhole TXC21-010 cuts Mule vein at 0.7 m, graded 1,006 g/t AgEq (5.61 g/t Au and 445 g/t Ag), Paymaster vein, intersected 2.4 m, graded 705 g/t AgEq (4.04 g /t Au and 301 g/ton silver) and Merten veins, producing 27.5 g/ton gold and 1,537 g silver on 0.6 meters or 4,287 g/ton AgEq.

Drillholes TXC21-009, -011, -014, -018 and -019 drilled the Denver, Paymaster and Mule veins. The borehole intersects the gold and silver structure; however, these values ​​are below the critical value of 200 g/t AgEq. The silver equivalent values ​​of these holes in the Denver vein range from 75 g/ton AgEq (0.389 g/ton gold and 36.99 g/ton silver) to 126 g/ton AgEq (0.62 g/ton gold and 65.1 g/ton silver) . In the Paymaster and Mule veins, the content of these boreholes is as high as 55 g/t AgEq (4.67 g/t Ag and 0.504 g/t Au) and 52 g/t AgEq 0.35 g/t Au and 17.1 g/t Ag), respectively . These low-grade areas help determine the slope of the high-grade areas in these veins.

15 core holes and 9 RC boreholes are currently being analyzed. The project has been reduced to 2 core drilling rigs and 1 RC drilling rig operating 24 hours a day, 7 days a week. Most of the DPB landfill drilling program has now been completed. Eight core holes are still to be completed, and all resource drilling should be completed in October. Since the date of submission, the test results have slowed to a turnaround time of 10 to 12 weeks. The company ships samples from Tonopah to the testing laboratory in Sparks, Nevada every week.

Since June 15, 2020, more than 95,000 meters of boreholes have been completed, and a total of approximately 65,000 meters of pre-hooping, coring and RC boreholes have been completed so far this year.

Approximately 85% of the plan for 2021 is completed, and two diamond core drilling rigs and one reverse circulation drilling rig are in use. Core drills focus on DPB resource delineation, and RC drills continue to drill pre-hoop holes, draw casings, and ream holes at the edge of the resource evaluation area.

The DPB resource definition plan includes approximately 40,000 meters of diamond core drilling from 20 drilling locations within this large multi-vein target. This extensive multi-vein, high-grade system is located in an area of ​​800 x 800 meters. Drilling to date has identified two new veins, bringing the total number of veins in the DPB to six, all of which remain open. The first resource estimate is expected to be delivered in the first quarter of 2022.

Figure 1: DPB NS cross section 478050E, looking west

Drill holes TW21-086 and -087 are stepped drill holes 250 meters west of the core hole fence at the westernmost end of the DPB resource area. The two RC boreholes encountered a lot of water and stopped before reaching the target depth. The review of the target will be completed and the surface core hole will be considered.

The analysis of nine additional stepped boreholes is awaiting. Of these expansion-focused boreholes to be analyzed, five were aimed at the up-dip extension of the Merten vein, and the step-out target was 500 meters south. The target of three boreholes is the western extension of Paymaster and Denver veins, which exceeds the resource range by 150 meters, and the target of one borehole is a ladder 100 meters east of the Bermuda vein.

The results previously reported from Drillhole TW21-085 (see press release on September 21, 2021) are restating that although the value of gold and silver are reported correctly, the silver equivalent is incorrectly calculated to be significantly lower than the actual value. In fact, the boreholes intersect 4.1 meters and are graded at 3.11 g/t Au and 275.6 g/t Ag, or 586.9 g/t AgEq.

Figure 2: Floor plan of important intercepts

Table 2: Drill hole location information for the holes in this press release

Blackrock Silver would like to invite interested shareholders along with President and CEO Andrew Pollard and Executive Chairman Bill Howald to participate in an hour-long webinar hosted by Taylor Combaluzier of Red Cloud Financial.

The webinar will be held on Wednesday, October 13th at 11:00 am PDT / 2:00 pm Eastern Time. Managers will answer questions after their introduction.

https://www.redcloudfs.com/rcwebinar-brc-2/

All sampling is carried out under the supervision of the company's project geologist, and a strict chain of custody from the project to the sample preparation facility is implemented and monitored. The core and reverse circulation samples were transported from the project site to the safety and fencing facility in Tonopah, Nevada, where they were loaded onto a flatbed truck at the American Laboratory of Laboratories (AAL), and then transported to AAL’s facility in Sparks, Nevada facility. The sample submission form will be delivered to AAL personnel, who organize and process sample intervals according to the company's instructions.

The core, reverse circulation, and QA/QC samples were crushed and pulverized, and then 30 grams of the pulverized material was digested and analyzed for gold using fire measurement fusion and induced coupled plasma (ICP) finishing. Determination of silver using pentaacid digestion and ICP analysis. The excess of gold and silver is determined using the gravimetric method. Complete the data verification of the test and analysis results to ensure that the results are accurate and verifiable. Blackrock personnel insert blind preparation blanks, laboratory blanks, or certification standards approximately every 15 to 20 samples.

Blackrock's exploration activities in the Tonopah West project are conducted and supervised by Mr. William Howald, Executive Chairman of Blackrock Silver Corp. Mr. William Howald, AIPG Certified Professional Geologist #11041, is a qualified person as defined by National Instruments 43-101. He has reviewed and approved the content of this press release.

Blackrock is a junior exploration company focused on precious metals and is seeking economic discoveries. With the support of an experienced board of directors, the company focuses on its Nevada asset portfolio, including low-sulfur superheated gold and silver projects along the established Northern Nevada Rift Valley in north-central Nevada and Walker Lane in western Nevada. .

For more information, please contact:

Andrew Pollard, President and CEO Blackrock Silver Corp. Phone: 604 817-6044 Email: This email address has been protected by an anti-spam plug-in. You need to enable JavaScript to view it.

This press release contains "forward-looking statements" within the meaning of Canadian securities legislation. Such forward-looking statements relate to the company's strategic plans, the completion and exercise of the Tonopah option agreement, the timing and expectations of the company's exploration and drilling plans, estimates of drilling and mineralization, geological information predicted by sampling results, and potential volume and grade targets area. Such forward-looking statements or information are based on many assumptions, which may prove to be incorrect. Assumptions have been made on the following aspects: general economic and financial market conditions; accuracy of measurement results; geological interpretation of drilling results, time and capital expenditure amount; performance of available laboratories and other related services; future operating costs; and The current historical basis for estimating the potential number and level of the target area. Due to risk factors including the time and content of the work plan, actual results may differ materially from the expected results in these forward-looking statements; the results of exploration activities and mineral development; the interpretation and uncertainty of drilling results and other geological data Receipt, maintenance and safety of licenses and mineral property rights; environmental and other regulatory risks; project cost overruns or unexpected costs and expenses; availability of funds; failure to define the potential quantity and potential of the target area based on historical data and general market and industry conditions grade. Forward-looking statements are based on the expectations and opinions of the company’s management on the date of the statement. Although the assumptions used in preparing these statements were deemed reasonable at the time of preparation, they may prove to be inaccurate. Therefore, readers are reminded not to rely excessively on these forward-looking statements, which are only as of the date of the statement. If these beliefs, estimates and opinions or other circumstances change, the company assumes no obligation to update or revise any forward-looking statements contained in this press release, unless otherwise required by applicable law.

Neither TSX Venture Exchange nor its regulatory service provider (as the term is defined in the policies of TSX Venture Exchange) is responsible for the adequacy or accuracy of this press release.

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