Mr. Peter Ball reports

SILVER HAMMER ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNITS

Silver Hammer Mining Corp. will proceed with a non-brokered private placement of up to 27 million units of the company at 5.5 cents per unit for gross proceeds of up to $1,485,000. Each unit will consist of one common share in the capital of the company and one transferable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional share at a price of seven cents for a period of three years from the closing of the offering.

"Silver Hammer is one of the few pure-silver-focused exploration and development companies with 100-per-cent control of three high-grade silver projects in Nevada and Idaho, where each asset contains historical silver mines that have had limited modern-day exploration. As one of Silver Hammer's largest shareholders, I look forward to a busy year ahead, and the patience and support of our shareholders pushing forward in what appears to be an emerging strong silver bull market," commented Peter A. Ball, president and chief executive officer of Silver Hammer Mining. "Silver Hammer is pleased to have experienced executive-level mineral explorers Ron Burk, previous VP [vice-president] of exploration for Centerra Gold and Silver Standard, and Don Birak, the previous senior VP of exploration for Coeur Mining, VP, exploration for AngloGold North America and Hudson Bay Mining & Smelting, as members of the board of directors."

In connection with the offering, the company will pay finders' fees of up to 7.0 per cent of the gross proceeds raised by the company from the sale of units to subscribers directly introduced to the company by eligible finders. In addition, the company will issue to eligible finders non-transferable finder warrants of up to 7.0 per cent of the number of units sold in the offering. Each finder warrant will entitle the holder to acquire one share at a price of seven cents per share for a period of three years from the date of issuance.

Closing of the offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the Canadian Securities Exchange. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

The company may, at its discretion, elect to close the offering in one or more tranches.

The company intends to use the proceeds raised from the offering to advance exploration efforts at its 100-per-cent-controlled projects, which include Silver Strand in Idaho and Eliza and Silverton in Nevada, and also for working capital and general corporate purposes.

The company will not be proceeding with its previously announced private placement of units most recently disclosed in the company's news release dated May 27, 2024.

About Silver Hammer Mining Corp.

Silver Hammer Mining is a junior resource company focused on advancing past-producing high-grade silver projects in the United States. Silver Hammer controls 100 per cent of the Silver Strand mine in the Coeur d'Alene mining district in Idaho, United States, as well both the Eliza silver project and the Silverton silver mine in Nevada and the Lacy gold project in British Columbia, Canada. Silver Hammer's primary focus is defining and developing silver deposits near past-producing mines that have not been adequately tested. The company's portfolio also provides exposure to copper and gold discoveries.

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