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Silver One Provides Corporate Update on Its Nevada and Arizona Projects, Southwest USA

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Silver One Provides Corporate Update on Its Nevada and Arizona Projects, Southwest USA


Cherokee

Details on the projects are below. For more detail visit www.silverone.com.

Candelaria, Nevada

Candelaria is a past producing silver mine in western Nevada (Figure 1). It was last operated by Kinross Gold Corp., who closed the mine in 1997 when silver prices plummeted to under US$5 per ounce. Silver Standard acquired the property in the early 2000’s and completed an in-ground resource, now historic. Silver prices remained historically low in 2002 when Silver Standard began focusing on other projects. Silver One acquired the project from Silver Standard (now SSR Mining), gaining a 100% interest in 2023. Since discovery in 1864, Candelaria has produced an estimated 68 million ounces of silver. The project hosts two large, silver bearing historic heap leach pads and two historic open pits developed along a strong easterly trending regional mineralized structure.

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Silver One has drilled the two heap leach pads as well as conducted three drilling campaigns of the in-ground mineralization around the open pits, and metallurgical testing on both leach-pad and in-ground mineralization. The heaps contain a current resource containing 30.017 million ounces of silver (Indicated) plus 15.397 million ounces of silver (Inferred). The historical resource on the in-ground mineralization, marginal to the open pits, consists of 44.06 million ounces of silver Measured and Indicated, plus 34.676 million ounces of silver Inferred. Details of the resources can be seen by visiting www.silverone.com. Silver One has completed enough in-ground drilling to upgrade the historic mineral resource to a current mineral resource in 2025.

Extensive metallurgical testing conducted by the company has yielded excellent results, showing significant increase in silver recoveries that exceed historic silver recoveries. The most recent metallurgical testing was conducted by Extrakt Processing Solutions (“EPS” or “Extrakt”), who has a strategic global alliance with Bechtel Energy Technologies & Solutions, Inc. (“Bechtel”) to commercialize Extrakt’s TNSTM technology. Extrakt has developed proprietary, non-toxic, cyanide-free leaching solutions that have yielded excellent results on Candelaria samples. Results to date indicate that these solutions significantly increase silver recoveries, potentially doubling the recoveries achieved with traditional cyanide leaching on heap leach pad material and increasing them on the fresh material (see news release Feb 26, 2025).

In 2025, Silver One is nearing completion of a current mineral resource on the in-ground, near surface mineralization. The Company is also working on a preliminary economic study (PEA), which will encompass the current heap leach pad resource and the upcoming in-ground resource, comparing a cyanide leaching scenario to one using Extrakt’s proprietary solutions. The Company will also contemplate additional drilling to look at extending mineralization beyond the area of the updated resource. These are important steps as the Company moves the project closer to the development stage.

Figure 1. Candelaria site map.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4730/249431_decddbfb3446cbb0_001full.jpg

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Phoenix Silver, Arizona

Phoenix Silver is a unique property (See Figures 2 and 3). It lies at the northeastern end of a 50+ km long mineralized belt that is host to multiple porphyry copper and silver mines and deposits. Silver One completed the acquisition of a 100% interest in the project in 2024, initially acquired due to the discovery of very high-grade silver vein fragments. One of the fragments weighed 417 pounds (189 kg) and was estimated to contain over 70% silver. Over 200 silver fragments have been discovered on small (just over 1%) portions of the 15,000 acres property.

An airborne ZTEM (electromagnetic) survey conducted across the entire property in October 2024 identified several new silver targets (see news release of Feb 20, 2025). In addition, Company geologists identified another target consisting of a train of 40+ silver nuggets to the north of the 417 vein system. This area has not been explored in detail (Nuggets North target).

The ZTEM survey also outlined two priority porphyry targets that warrant follow up exploration. These occur at a lower elevation in the southern part of the property, where multiple select rock samples returned strongly elevated copper and silver values (see news release of Feb 20, 2025). This area is along strike and 5 km from Freeport McMoRan’s Miami-Inspiration copper mining complex and BHP’s new Ocelot copper porphyry prospect. All occur within a 50+ long mineralized belt hosting multiple copper and silver properties including BHP-Rio Tinto’s Resolution project, Capstone’s Pinto Valley Mine and KGHM’s Carlota project, among others.

An east-west structure thought to be the host of these larger silver vein fragments was drilled in late 2024 (see news release Feb 24, 2025). Anomalous silver with copper, lead and zinc values were encountered in many of the holes drilled. Extremely high-grade massive silver was not intercepted, which suggests that the targeted massive silver may occur in discontinuous ore shoots in-between drill intercepts, and/or at deeper depths.

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Silver One is proposing to complete a gravity survey in the 417 area to potentially better define silver targets, and additionally complete detailed mapping and sampling in the area of the train of silver nuggets north of the 417 area (Nuggets North). The Company also intends to complete an IP survey in the southern part of the property to confirm the ZTEM porphyry copper-silver targets for potential future drill testing.

Figure 2: Phoenix Silver location map showing copper belts of the Miami-Globe porphyry copper district. Major mines and deposits include the Miami-Inspiration mining complex, BHP’s Ocelot discovery area and Rio Tinto/BHP’s Resolution copper deposit. Blue contours are regional magnetic (MVI – contour interval 0.0002 SI) anomalies which are spatially coincident with the mineral belts of the Miami-Globe copper district.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4730/249431_decddbfb3446cbb0_002full.jpg

Figure 3: Priority targets on ZTEM resistivity -300 depth map. Silver targets labeled PS1 to PS5 shown with black continuous line, are represented by the Predictive Targeting Probabilities color bar in the legend. The Nuggets North target, outside the areas of ZTEM anomalies is particularly important owing to the abundance of silver nuggets in the area. The copper values shown are from select rock samples. Porphyry targets Defiance and Quartz Ridge “QR” are shown for reference (see details in Company’s news release of February 20, 2025).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4730/249431_decddbfb3446cbb0_003full.jpg

Cherokee, Nevada

At Cherokee (Figure 4), the company has conducted several campaigns of mapping and sampling as well as geophysics and limited shallow drilling on patented claims owned by the company. Targets include 1) An epithermal veins system with over 12 km of combined strike length and multiple high-grade silver, gold and copper values from selected rock chip samples on surface (see news release of September 3, 2019), and 2) a porphyry copper-molybdenum system with associated satellite skarn and limestone replacement mineralization.

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The epithermal veins were partially drilled in the Cherokee mine area with nine shallow diamond drill holes. Four of the nine drill holes intersected silver values between 80 g/t and 455 g/t over 5.45 m and 1.55 m respectively, within a wide quartz structure that averages 12 meters. Copper in these intercepts were 0.4% and 1.84%, respectively (see news release of November 16, 2021). Several other epithermal targets on the property outside the patented claims remain untested and permitting of some of these areas is planned for future drilling.

The southeast area of the property is highly prospective for potential porphyry-style copper and or molybdenum mineralization, with targets identified by geophysics and surface geochemistry. Of particular importance is a circular magnetic feature in the southeastern part of the property. Here, Paleozoic limestones host multiple northwest trending structures and alteration zones peripheral to the magnetic anomaly, including extensive areas of limestone replacement with elevated silver and base metals (copper-lead-zinc), and jasperoids (often associated with precious metal deposits in Nevada and elsewhere).

Silver One is also planning an IP survey in the southern portion of the property to help determine porphyry potential.

Figure 2. Total magnetic intensity map of the Cherokee project showing main target areas.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4730/249431_decddbfb3446cbb0_004full.jpg

Lodestar Debt Settlement

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Silver One’s Mexican assets were sold to Lodestar Metals Corp., (formerly Silverton Metals Corp.) in 2020. The settlement was to include a C$ 1.25 million cash payment upon signing (paid), the issuance to 4.375 million shares of Lodestar (settled), plus an additional C$ 1.25 million. Silver One has settled the issue of the final payment for consideration of C$ 50,000 plus the issuance of an additional 3.0 million shares of Lodestar. This will allow both companies to move forward, a significant factor in Silver One’s position as a major shareholder of Lodestar.

Qualified Person

The technical content of this news release has been reviewed and approved by Robert M. Cann, P. Geo, a Qualified Person as defined by National Instrument 43-101 and an independent consultant to the Company.

About Silver One

Silver One is focused on the exploration and development of quality silver projects. The Company owns a 100%-interest in its flagship project, the past-producing Candelaria Mine located in Nevada. Potential reprocessing of silver from the historic leach pads at Candelaria provides an opportunity for possible near-term production. Additional opportunities lie in unmined historic resources as well as in previously identified high-grade silver intercepts down-dip, which can potentially increase the substantive silver mineralization along-strike from the two past-producing open pits.

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The Company owns 636 lode claims and five patented claims on its Cherokee project located in Lincoln County, Nevada, host to multiple silver-copper-gold vein systems, traced to date for over 11 km along-strike.

Silver One also has 100% interest in the Silver Phoenix Project. The Silver Phoenix Project is a very high-grade native silver prospect, recently permitted for drilling, which lies within the “Arizona Silver Belt,” immediately adjacent to the prolific copper producing area of Globe, Arizona.

For more information, please contact:

Silver One Resources Inc.
Gary Lindsey – VP, Investor Relations
Phone: 604-974‐5274
Mobile : (720) 273-6224
Email : gary@strata-star.com

Forward-Looking Statements

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Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Silver One cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Silver One’s control. Such factors include, among other

things: risks and uncertainties relating to Silver One’s limited operating history, ability to obtain sufficient financing to carry out its exploration and development objectives on the Candelaria Project, obtaining the necessary permits to carry out its activities and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Silver One undertakes no obligation to publicly update or revise forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249431



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People urged to stay inside across California, Nevada, Oregon, South Dakota

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People urged to stay inside across California, Nevada, Oregon, South Dakota


Thousands of residents across parts of California, Nevada, Oregon, and South Dakota have been advised to stay indoors, as levels of fine particle pollution (PM2.5) will have reached “unhealthy” levels as of January 12, 2026, at 6 a.m. ET, the Environmental Protection Agency’s (EPA) AirNow Map shows. 

The EPA is urging people in sensitive groups, including the elderly, children, and those with certain health conditions, to completely avoid prolonged or intense outdoor activities. Everyone else should reduce their participation in long or intense outdoor pursuits. 

This is because physical activity causes people to breathe harder and faster, which means the fine particulate matter can penetrate deeper into the lungs if people are exercising outdoors. 

The EPA warns, “Your chances of being affected by particles increase the more strenuous your activity and the longer you are active outdoors. If your activity involves prolonged or heavy exertion, reduce your activity time—or substitute another that involves less exertion. Go for a walk instead of a jog, for example.”

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What Do ‘Unhealthy’ Levels of PM2.5 Mean? 

PM2.5 are tiny, inhalable particles of pollution, 2.5 micrometers or less in size (smaller than a strand of hair), that are considered to be one of the most dangerous forms of air pollution, according to the EPA. 

This is because they get deep into the lungs—and sometimes even the bloodstream—triggering or exacerbating certain health conditions, like asthma, or causing symptoms ranging from coughing and nose, eye, and throat irritation to shortness of breath and chest tightness. 

The Environmental Protection Agency (EPA) uses the Air Quality Index (AQI) to report and classify air quality across the United States. The AQI is a standardized scale ranging from 0 to 301+, which categorizes air quality into the following levels:

  • Good: 0 to 50—Air pollution poses little or no risk to the public
  • Moderate: 51 to 100—Some pollutants may pose a moderate health concern for a very small number of unusually sensitive people
  • Unhealthy for sensitive groups: 101 to 150—Members of sensitive groups (children, elderly, people with respiratory or heart conditions) may experience health effects; the general public is less likely to be affected
  • Unhealthy: 151 to 200—Everyone may begin to experience health effects; members of sensitive groups may experience more serious effects
  • Very Unhealthy: 201 to 300—Everyone may experience more serious health effects
  • Hazardous: 301+—Health warnings of emergency conditions; the entire population is likely to be affected

What Causes PM2.5?

PM2.5 can come from a variety of sources, ranging from wildfires and smokestacks to emissions from vehicles and power or industrial plants. 



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3 takeaways from Big City Showdown: Gorman boys, girls shine — PHOTOS

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3 takeaways from Big City Showdown: Gorman boys, girls shine — PHOTOS


Bishop Gorman and Coronado’s boys basketball teams added another chapter to their rivalry at Saturday night’s Big City Showdown.

And the Gaels made sure they wouldn’t lose a third straight regular-season game to the Cougars.

Gorman, the two-time defending Class 5A state champion, almost saw its 10-point fourth quarter lead evaporate, but the Gaels, No. 4 in the Las Vegas Review-Journal’s Class 5A rankings, pulled through late to hold on for a 62-58 road win at No. 3 Coronado.

“It’s been a great rivalry,” Gorman boys coach Grant Rice said. “Student sections are both great, they always show out. I was proud of our guys, just a fun night. We got a lot of basketball left ahead of us. This league is really tough.”

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Gorman’s win capped off the seven-game Big City Showdown. The most surprising result came before Gorman and Coronado took the court, when the Gorman girls crushed Centennial 91-54.

“We practice extremely hard,” Gorman girls coach Sheryl Krmpotich said. “Our master plan, they did to a T. I’m proud of the girls. They executed exactly what we wanted. We played tougher and we played smart.”

The games have started to provide a clearer look at the playoff picture with a month before the postseason. Here are three takeaways from the Big City Showdown:

1. Gorman boys stand tall

Gorman (11-7, 2-0 5A Southern League) was in control most of the way until late in the fourth quarter. Dino Roberts’ layup with just over five minutes left gave the Gaels a 51-41 advantage.

Then Coronado (6-7, 1-1) went on an 8-0 run and later made it a one-score game at 55-53 on a Demari Hunter layup with 2:50 left. Coronado cut the deficit to one possession twice in the final minute, and the Cougars had a chance to win the game, trailing 60-58 with eight seconds left.

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But a Jonny Collins 3-pointer missed, Coronado couldn’t control possession and Gorman guard Ty Johnson made two free throws at the other end to seal the win for the Gaels.

“We’re a really balanced team,” Rice said. “We only have two seniors and two juniors that get minutes and the rest are sophomores. We’re learning. … I think the guys needed this big game in Vegas to get their confidence back. We still have to stay grounded because we’re a young team, but we showed we can be pretty good.”

Johnson, who was named the game MVP, led Gorman with 23 points. The sophomore point guard scored 11 points in the fourth quarter to help the Gaels secure the win. Braylen Williams added 13 points for Gorman and Dino Roberts scored 10.

“It just helps us excel,” Johnson said of Gorman’s depth. “We had Hudson Dannels making 3s, (Kameron Cooper) and Braylen hustling on the boards. Defense and rebounding are the two things that’ll get us a (win). We’re going to score, points are going to come.”

Munir Greg led Coronado with 22 points. Missouri State commit Amare Oba scored 16 points and DeVaughn Dorrough added 10 points for the Cougars.

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2. Gorman girls dominate

Just like Coronado and Gorman on the boys side, the Centennial and Gorman girls have played close, thrilling games. Not on Saturday, though.

Led by 30 points from Texas commit Aaliah Spaight, the Gaels, No. 1 in the Review-Journal’s 5A rankings, led nearly the entire game in its rout of No. 3 Centennial.

“Every game, we’re getting better. Every quarter we get better,” Krmpotich said. “We still haven’t put four quarters together yet. We want to do that in February.”

Centennial (8-4, 1-1 5A Southern League) had no answers for Spaight and Gorman’s depth. The 5-foot-8-inch guard showcased her scoring range — stepback 3s, jumpers and incredible post moves — passing and defense, when Spaight was matched up with Centennial four-star forward Nation Williams.

“She’s the All-American on our team,” Krmpotich said of Spaight. “She sets a tone at practice. She sets a tone in the game. She is a true leader and you expect that. … She’s an extremely smart basketball player, basketball savvy, so we knew she knew how to guard (Williams).”

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Gorman (13-1, 2-0), which is ranked No. 5 nationally by MaxPreps, made 12 3-pointers. Taylor Scandrick added 22 points off the bench for the Gaels. Williams led Centennial with 18 points.

“We can rotate in and out. We have an inside-out game. We have kids that can post, kids that can drive to the bucket, kids than can shoot a 3,” Krmpotich said. We’re very multidimensional, so it’s very hard to defend just one or two people.”

3. Look at 5A

There are still plenty of challengers looking to dethrone Gorman for the 5A boys title race.

One matchup at the Big City Showdown pitted two of those contenders with No. 1 Liberty holding off No. 5 Desert Pines 67-66. Liberty led by 21 points early in the third quarter. Tyus Thomas scored 15 points to pace Liberty (13-5, 2-0).

The Patriots could be the biggest threat to Gorman, and you can’t count out Desert Pines, but there are other contenders in 5A with Democracy Prep and Mojave. Coronado should be primed for a state title run come February.

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On the 5A girls side, No. 2 Democracy Prep will get its shots at Gorman and Centennial late in the regular season. Democracy Prep beat Gorman twice last year and came up short to Centennial in the 5A title game.

Contact Alex Wright at awright@reviewjournal.com. Follow @AlexWright1028 on X.



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Nevada gets back in win column, downs Wyoming, 92-83

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Nevada gets back in win column, downs Wyoming, 92-83


Corey Camper Jr. put on a shooting clinic and helped Nevada get back in the win column.

Nevada beat Wyoming 92-83, on Saturday in front of an announced crowd of 8,906 fans at Lawlor Events Center.

Camper Jr., playing for the third time after missing a month with a back injury, scored a career-high 31 points as Nevada improved to 4-1 in the Mountain West Conference, 12-4 overall. He was 10-of-13 from the field including 5-of-7 from 3-point range, and 6-of-8 from the free throw line, playing 32 minutes. He had seven rebounds.

Elijah Price had a double-double with a career-high 20 points and 16 rebounds, in 34 minutes, while Tayshawn Comer, Amire Robinson and Peyton White each added 10 points. Comer had 10 assists as Nevada had 21 as a team. Vaughn Weems returned to the court after missing the San Diego State game on Tuesday with the flu. He played 12 minutes and scored nine points.

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The Wolf Pack shot 61 percent from the field (31-51) and made 10-of-16 from the arc.

Nasir Meyer led Wyoming with 27 points as the Cowboys dropped to 2-2 in conference, 11-5 overall.

Nevada coach Steve Alford said the Wolf Pack’s defense was better against the Cowboys than it was in the loss to San Diego State.

But still not to the level he would like it.

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He cited communication and players’ stances while both guarding the ball and off the ball as a few of the many fundamentals the Pack needs to improve.

“We had slippage in the (San Diego) State game and we didn’t have a whole of improvement in this game, from a defensive standpoint,” Alford said Saturday night.

Nevada’s offense was much better, though, than in the loss to the Aztecs. The Pack took better shots and eliminated bad shots.

Alford said Price played more of a complete game than he has most of the season.

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Price said the Pack’s defense was not good, but played better in the second half and that as why the Pack won.

“We’re a lot better defensively than what we’ve been showing the past two games,” Price said. “We know if were going to beat Utah State on the road, we’re going to have to get some stops, so that’s what we’re focused on.”

More Key Stats

Nevada outrebounded Wyoming, 38-32. Both teams had nine offensive boards.

Nevada had eight turnovers and Wyoming had six.

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The Pack outscored the Cowboys, 38-32, in the paint.

Wyoming’s bench outscored the Pack’s, 31-29.

Out

Nevada’s Joel Armotrading and Tyler Rolison did not play. Armotrading was injured against Washington on Nov. 27 and has not played since. Rolison has a back injury.

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Half

Wyoming led, 39-38, at the half. Camper Jr. had 19 points in the first half.

Nevada shot 14-of-27 from the field and 5-of-10 from the ac.

The Cowboys outscored the Wolf Pack in the paint, 22-14.

Up Next

Nevada travels to play at State at 7 p.m. Wednesday.

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The Aggies dominated Boise State on Saturday, taking a 93-68 win to improve to 14-1 overall, 5-0 in conference.

Nevada will travel to Logan, Utah on Tuesday, and stay on the road for the following game, at Air Force on Saturday.

“(Utah State) has one of the best crowds in the Mountain West , so we know it’s going to be a very difficult game for us,” Alford said. “We needed to get this one, to get that momentum before we go on the road.”

Alford said if Indiana wins that game, and finished 16-0, it means Indiana will have the only two undefeated season in college major sports as the Hoosiers 1976 basketball team was undefeated.

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Alford’s Alma Mater

Alford played college basketball at Indoana.

The Hoosiers are playing Miami for the national football championship on Jan 19.

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Steve Alford discusses Nevada’s 92-83 win over Wyoming on Saturday

Nevada men’s basketball coach Steve Alford discusses the Wolf Pack’s 92-83 win over Wyoming on Saturday

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Nevada’s Remaining Schedule

  • Wednesday, Jan. 14, 7 p.m. at Utah State (TV: CBS Sports Network/Radio: 95.5 FM)
  • Saturday, Jan. 17, 1 p.m. at Air Force (TV: MW Network, Ch. 21/Radio: 95.5 FM)
  • Tuesday, Jan. 20, 7 p.m. vs. San Jose State (TV: KNSN, MW Network, Ch. 21/Radio: 95.5 FM)
  • Saturday, Jan. 24, 5 p.m. at New Mexico (TV: CBS Sports Network/Radio: 95.5 FM)
  • Tuesday, Jan. 27, 7:30 p.m. vs. Grand Canyon (TV: FS1/Radio: 95.5 FM)
  • Friday, Jan. 30, 7 p.m. vs. UNLV (TV: CBS Sports Network/Radio: 95.5 FM)
  • Tuesday, Feb. 3, 5 p.m. at Boise State (TV: MW Network, Ch. 21/Radio: 95.5 FM)
  • Saturday, Feb. 7, 7 p.m. vs. Fresno State (TV: KNSN, MW Network, Ch. 21/Radio: 95.5 FM)
  • Saturday, Feb. 14, 7 p.m. at San Diego State (TV: CBS Sports Network/Radio: 95.5 FM)
  • Tuesday, Feb. 17, 7 p.m. at San Jose State (TV: MW Network, Ch. 21/Radio: 95.5 FM)
  • Saturday, Feb. 21, 7 p.m. vs. Utah State (TV: FS1/Radio: 95.5 FM)
  • Tuesday, Feb. 24, 8 p.m. vs. New Mexico (TV: CBS Sports Network/Radio: 95.5 FM)
  • Saturday, Feb. 28, 7 p.m. at UNLV (TV: CBS Sports Network/Radio: 95.5 FM)
  • Tuesday, March 3, TBD at Wyoming (TV: MW Network, Ch. 21/Radio: 95.5 FM)
  • Saturday, March 7, 7 p.m. vs. Air Force (TV: KNSN, MW Network, Ch. 21/Radio: 95.5 FM)



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