• Diablo secures 80% ownership of Horn Silver Project
• Acquisition includes option rights over 101 patented claims
• Project hosts historic mine producing 17 million oz of silver and 30,000 oz of gold
• Diablo plans to exercise option over patented claims 3-5
• Acquisition funded by A$3.5 million placement completed in July 2026

Diablo Resources Ltd has successfully completed the acquisition of the Horn Silver Project in Utah, USA, securing 80% ownership of 101 unpatented claims and option rights over 101 patented claims. The acquisition includes the historic Horn Silver Mine, which has produced approximately 17 million ounces of silver and 30,000 ounces of gold. Diablo plans to exercise the option over patented claims 3-5, following the satisfaction of all conditions precedent under the Option Agreement. The acquisition was funded by a A$3.5 million placement completed in July 2026, providing the necessary capital to advance exploration activities across Horn Silver and the nearby Star Range Project. The acquisition strengthens Diablo's strategic position in Utah's Frisco Mining District and aligns with the United States' focus on critical minerals, including silver, copper, and antimony.

Diablo plans to commence on-ground exploration at Horn Silver, including geological mapping and sampling, and finalize priority drill targets. The company also intends to advance the permitted diamond drilling program at the North Star Prospect within the Star Range Project.