Mr. Peter Ball reports

SILVER HAMMER ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNITS

Silver Hammer Mining Corp. has extended its 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.

"As the silver sector continues to gain strength and reach a 12-year high in the past week, I appreciate the patience and support of our shareholders as we push forward to close our private placement," commented Peter A. Ball, president and chief executive officer of Silver Hammer Mining. "As one of the company's largest shareholders, I am excited for 2025 to continue exploration on Silver Hammer's 100-per-cent-controlled, high-grade, drill-ready silver projects in Idaho and Nevada. In addition, the company continues to review other accretive silver projects and opportunities."

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.

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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