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Technical Report

On May 26, 2021 Alexco announced the filing of an updated technical report (the “Technical Report”) for its Keno Hill operations in Yukon, Canada (“Keno Hill”), extending the Mineral Reserves to 2029.  Estimated Mineral Reserves increased by approximately 22% to 1.44 million tonnes, grading 804 grams per tonne (“g/t”) silver (“Ag”), 3.84% zinc (“Zn”), 2.64% lead (“Pb”), and 0.31 g/t gold (“Au”), or approximately 1,035g/t silver equivalent (“Ageq”). The updated reserve mine plan is projected to produce over 35.5 million ounces of Ag over the next 8 years.

NI 43-101 Technical Report on Updated Mineral Resource and Reserve Estimate of the Keno Hill Silver District

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