Mr. Peter Ball reports

SILVER HAMMER COMPLETES DEBT SETTLEMENTS

Silver Hammer Mining Corp., further to its news release of Sept. 23, 2024, has issued an aggregate of 3,389,092 common shares of the company, having a deemed value of 5.5 cents per share pursuant to past consulting and accounting services provided to the company for a total amount of $186,400.02.

"To ensure management maximizes the use of proceeds from the current ongoing financing, and reduce the company's debt position, management has decided to take a strong share position at a 10-per-cent premium to the financing price, rather than cash for consulting fees. I am personally excited to now control a significant share position of the company, along with our chief financial officer, and become two of the largest shareholders in the company as we understand the promising opportunity of the next steps in advancing our high-grade silver portfolio in Idaho and Nevada," commented Peter A. Ball, president and chief executive officer of Silver Hammer Mining. "The company appreciates the patience and support of our shareholders as we continue to focus on the existing private placement previously announced on July 31, 2024. We believe the emerging strong silver bull market will provide positive momentum for our financing and explore the company's three drill ready 100-per-cent-owned high-grade silver projects."

Mr. Ball, who is also a director of the company, received 1,885,819 shares and Alnesh Mohan, the CFO, corporate secretary and a director of the company, received 1,503,273 shares pursuant to the debt settlements. As a result, the debt settlements are considered a related party transaction (as defined under Multilateral Instrument -- 61-101 Protection of Minority Security Holders in Special Transactions. The company relied upon Section 5.5(b) the "Issuer Not Listed on Specified Markets" and 5.7(a) the "Fair Market Value Not More than $2,500,000" and exemptions from the formal valuation and minority shareholder approval requirements, respectively, under MI 61-101. All securities issued are subject to a statutory four-month hold period.

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, as well both the Eliza Silver project and the Silverton silver mine in Nevada and the Lacy gold project in British Columbia. 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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