Discovery Silver Corp. — AGM Information 2020

May 28, 2020

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May 12, 2020

To: The Shareholders of Discovery Metals Corp.

Annual General and Special Meeting - COVID-19 Update

An Information Circular accompanies this update to the Notice of Annual General Meeting (the “Meeting”). The Information Circular contains details of matters to be considered at the Meeting and is available electronically on the Company’s website at www.dsvmetals.com/Investors or on www.sedar.com. In addition, the Company’s audited consolidated financial statements for the year ended December 31, 2019 and the auditors’ report thereon and the Management’s Discussion and Analysis for the year ended December 31, 2019 are available electronically on the Company’s website at www.dsvmetals.com/Investors or on www.sedar.com.

A Common Shareholder who wishes to ensure that its shares will be voted at the Meeting is requested to complete, date and sign the enclosed form of proxy and to deliver the form of proxy in accordance with the instructions set out in the form of proxy and the Information Circular, or to cast their vote online as set out in instructions in the Notice and Access Voting Instruction Form in this Information Circular.

In light of ongoing concerns related to the novel coronavirus COVID-19 and to further mitigate the potential risks to the health and safety of its shareholders, employees, communities and other stakeholders, and in accordance with Ministerial Order M116 under the Emergency Program Act (British Columbia), the Meeting is to be made available only by teleconference call. All Common Shareholders are encouraged to vote on the matters at the Meeting online or by proxy and listen to the Meeting by way of teleconference call. Common Shareholders will be able to vote and participate in the Meeting via teleconference call. A Common Shareholder is encouraged however, to submit questions to the Company in advance of the Meeting by email. Common Shareholders voting and/or participating via teleconference call or submitting questions via email will be subject to shareholder verification by the Company and confirmation of the relevance and subject matter of the questions to be addressed at the Meeting.

Conference Call

Date and time: 11:00 am (Toronto time) on June 26, 2020.

Instructions: Dial-in number at +1-416-658-7585 or toll free within Canada or the US 1-833-255-7585 (PIN: 53587915). Please call approximately ten minutes before the scheduled time.

If a Common Shareholder intends to vote or otherwise participate in the teleconference call, please be prepared to provide your name and either 13-digit control number located on the proxy form, or the 12-digit control number located on the Voting Instruction Form for verification purposes.

Email Questions

Please email questions to info@dsvmetals.com no later than 11:00am (Toronto time) on June 24, 2020. Please be prepared to provide your name and either 13-digit control number located on the proxy form, or the 12-digit control number located on the Voting Instruction Form.

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