SILVER MOUNTAIN ANNOUNCES GRANT OF STOCK OPTIONS
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN OR INTO THE UNITED STATES
Toronto, Ontario, March 3, 2025 – Silver Mountain Resources Inc. TSXV:AGMR | OTCQB:AGMRF | BVL:AGMR (“Silver Mountain” or the “Company“) announces that it has approved a grant of stock options (the “Stock Options“), pursuant to the terms of the Company’s omnibus equity incentive plan, to certain directors, officers and employees of the Company. A total of 7,300,000 Stock Options have been approved for issuance to such directors, officers and employees. The Stock Options will be exercisable at an exercise price of $0.06 per share, for a period of four years from the date of the grant. The Stock Options vest at the later of: (a) the 12-month anniversary of the grant; or (b) the mining operations at the Company’s Reliquias Mine reaching commercial operation as defined by the operations reaching an average mining rate of 400 tonnes per day over a period of 30 days.
For Further Information Contact:
Alvaro Espinoza
Chief Executive Officer
Silver Mountain Resources Inc
82 Richmond Street East, Toronto, ON M5C 1P1
+51 997 377 968
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.
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, “forward-looking statements”) that relate to Silver Mountain’s current expectations and views of future events. Any statements that express or involve discussions as to expectations, beliefs, plans, objectives, assumptions, or future events or performance (often, but not always, through the use of words or phrases such as “will likely result,” “are expected to, “expects”, “will continue,” “is anticipated,” “anticipates,” “believes,” “estimated,” “intends,” “plans,” “forecast,” “projection,” “strategy,” “objective” and “outlook”) are not historical facts and may be forward-looking statements and may involve estimates, assumptions, and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct, and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.
Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Silver Mountain’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the factors set forth under “Caution Regarding Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Information Form dated April 26, 2024, and other disclosure documents available on the Company’s profile on SEDAR+ at www.sedarplus.ca. Silver Mountain undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Silver Mountain to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.