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Toronto, Ontario, April 19, 2022 – Silver Mountain Resources Inc. (“Silver Mountain” or the “Company”) is pleased to provide an update regarding its underground drilling activities and mine rehabilitation work at its Reliquias underground silver mine located in central Peru (the “Reliquias Mine”).

Toronto, Ontario, April 19, 2022 – AGMR |Silver Mountain Resources Inc. (“Silver Mountain” or the “Company”) is pleased to provide an update regarding its underground drilling activities and mine rehabilitation work at its Reliquias underground silver mine located in central Peru (the “Reliquias Mine”).

Toronto, Ontario, April 5, 2022 – Alfredo Bazo, Chief Executive Officer and President, Jose Vizquerra, Chairman, Silver Mountain Resources Inc. (“Silver Mountain” or the “Company”) (TSXV: AGMR) and their team joined Robert Peterman, Vice President, Global Business Development, Toronto Stock Exchange, to celebrate the Company’s new listing on TSX Venture Exchange and close the market.

Toronto, Ontario, March 9, 2022/CNW/ – Silver Mountain Resources Inc. (“Silver Mountain” or the “Company”) is pleased to announce that the TSX Venture Exchange (the “TSXV”) has accepted for listing 26,450,000 common share purchase warrants of the Company (the “Warrants”) for trading on the TSXV. The Warrants were issued on February 2, 2022 pursuant to a long form prospectus dated January 26, 2022, forming part of the Company’s initial public offering (the “Offering”). For more information about the Offering, please refer to the Company’s news released dated February 2, 2022, which is available under the Company’s SEDAR profile at www.sedar.com.

Toronto, Ontario, March 8, 2022 – Silver Mountain Resources Inc. (“Silver Mountain” or the “Company”) is pleased to announce its 2022 exploration program at its Castrovirreyna Project located in central Peru (the “Expiration Program”). The primary focus of the Exploration Program will be to convert and expand the current historical resources of the Reliquias silver underground mine at the Castrovirreyna Project into a National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) compliant mineral resource.

Toronto, Ontario, March 1, 2022 – Silver Mountain Resources Inc. (“Silver Mountain” or the “Company”) is pleased to announce that it has fully repaid the outstanding balance of approximately US$2.9 million in connection with its loan from Trafigura Beheer BV. The payment has satisfied all outstanding amounts under the loan.

Toronto, Ontario, February 10, 2022 – Silver Mountain Resources Inc. (“Silver Mountain” or the “Company”) is pleased to welcome Mrs. Victoria Vargas and Mr. Bryan Coates to the Silver Mountain board of directors (the “Board”) as Independent Non-Executive Directors. In addition, the Company has appointed Mr. Torsten Danne, to the role of Director of Exploration.

Silver Mountain Resources Inc. (“Silver Mountain” or the “Company”) is pleased to announce that it has closed its previously announced initial public offering (the
“Offering”) of 46,000,000 units of the Company (the “Units”) at a price of $0.50 per Unit (the “Offering Price”), for gross proceeds of $23,000,000. The Company has also issued an additional 6,900,000 Units at the Offering Price, for additional gross proceeds of $3,450,000, in connection with the exercise in full of the over-allotment option.

Toronto, Ontario, January 24, 2022    Silver Mountain Resources Inc. Silver Mountain or the Company is pleased to announce that it has entered into an amendment to the engagement letter in respect of its proposed initial public offering (the Offering The Offering is now agreed to consist of a treasury offering of 46,000,000 units of the Company (the   Units at a price of $0.50 per Unit, for gross proceeds of $23,000,000. The Offering was upsized from an initial size of $15,000,000 as a result of excess demand.