0001104659-25-094026 Sample Contracts

SUBORDINATE VOTING SHARE PURCHASE WARRANT ALASKA SILVER CORP.
Subordinate Voting Share Purchase Warrant • September 29th, 2025 • Alaska Silver Corp. • Gold and silver ores • New York

THIS SUBORDINATE VOTING SHARE PURCHASE WARRANT (this "Warrant") certifies that, for value received, [●] or its assigns, is the registered holder of this Warrant (the "Holder") and is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after [●], 2026 (the "Initial Exercise Date") and on or prior to 5:00 p.m. (New York City time) on [●], 2027 (the "Termination Date") but not thereafter, to subscribe for and purchase from Alaska Silver Corp., a corporation organized under the laws of British Columbia, Canada (the "Company"), up to [●] subordinate voting shares (as subject to adjustment hereunder, the "Warrant Shares") of the Company. The purchase price of one Warrant Share under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).

ALASKA SILVER CORP. [●] Units Consisting of [●] Subordinate Voting Shares (no par value per share) and Warrants to Purchase Up to [●] Subordinate Voting Shares Underwriting Agreement
Underwriting Agreement • September 29th, 2025 • Alaska Silver Corp. • Gold and silver ores • New York

Alaska Silver Corp., a corporation incorporated under the laws of the Province of British Columbia, Canada (the “Company”), proposes to sell and issue to the several underwriters, if any, named in Schedule A hereto (the “Underwriters”), including Cantor Fitzgerald & Co. as the lead book-running manager (“Cantor”), severally and not jointly, an aggregate of [●] units (the “Units”) of the Company, as set forth opposite the respective names of the Underwriters on Schedule A hereto (collectively, the “Firm Units”). Each Firm Unit consists of one subordinate voting share (“Subordinate Voting Share”), no par value per share, of the Company (each, a “Firm Share”), and one warrant exercisable for one Subordinate Voting Share (each, a “Firm Warrant”). In addition, the Company has granted to the Underwriters an option to purchase up to an additional [●] Units (the “Option”) for the purpose of covering over-allotments made in connection with the Offering (as defined below). The additional [●] Uni

WARRANT AGENCY AGREEMENT
Warrant Agency Agreement • September 29th, 2025 • Alaska Silver Corp. • Gold and silver ores • Minnesota

WARRANT AGENCY AGREEMENT, dated as of [•], 2025 (“Agreement”), between Alaska Silver Corp., a corporation incorporated under the laws of British Columbia, Canada (the “Company”), and Odyssey Transfer and Trust Company, a Minnesota trust company (the “Warrant Agent” or “Odyssey”).