Mr. Peter Ball reports

SILVER HAMMER ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNITS

Silver Hammer Mining Corp. has arranged non-brokered private placement of units of the company at a price of 5.5 cents per unit for maximum aggregate gross proceeds of up to approximately $1,809,000.

"The recent surge in the silver sector has brought a significant increase in investor interest in Silver Hammer and its 100-per-cent-controlled-and-owned high-grade silver assets in Idaho and Nevada," commented Peter A. Ball, president and chief executive officer of Silver Hammer Mining. "As one of the company's largest shareholders, I am very excited for 2025 to continue exploration on our drill-ready silver projects in Idaho and Nevada, which carries no royalties and holds seven previous silver producing mines. Silver Hammer is supported by an exceptional board and technical team, including previous senior executive exploration leaders from Centerra Gold, Silver Standard, Coeur Mining, AngloGold North America, and Hudson Bay Mining & Smelting. We look forward to a busy exploration season evaluating our current portfolio and reviewing other accretive mineral assets. We are pleased to be one of the few pure silver focused exploration and development companies, where each asset contains historical silver mines that have had limited modern-day exploration for decades. We appreciate our shareholders patience and support as we push forward."

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106, Prospectus Exemptions, a portion of the offering is being made to purchasers resident in Canada, excluding Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI-45-106. Pursuant to the LIFE offering, the company will issue up to a maximum of 32,890,910 units at a price of 5.5 cents per unit for combined maximum gross proceeds of up to approximately $1,809,000 when aggregated with the concurrent placement (as defined herein).

The securities offered under the LIFE offering will not be subject to a hold period in accordance with applicable Canadian securities laws. An offering document related to the offering will be made available under the company's profile on SEDAR+ and on the company's website. Prospective investors should read the offering document before making an investment decision.

Each unit will comprise one common share in the capital of the company and one share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional share at a price of seven cents per warrant share from the date that is 61 days after the closing date of the LIFE offering until the date that is 36 months from the closing date of the LIFE offering.

In addition to the LIFE offering, the company will undertake a concurrent non-brokered private placement to purchasers under other applicable exemptions pursuant to NI 45-106. The concurrent placement will consist of up to 32,890,910 units at a price of 5.5 cents per non-LIFE unit, for combined maximum gross proceeds of up to approximately $1,809,000 when aggregated with the LIFE offering.

Each non-LIFE unit will comprise one share and one share purchase warrant. Each non-LIFE warrant will entitle the holder thereof to acquire one additional share at a price of seven cents per non-LIFE warrant share for a period of 60 months from the closing date of the concurrent placement.

All securities issued in connection with the concurrent placement 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.

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 and non-LIFE units to subscribers directly introduced to the company by eligible finders. In addition, the company will issue to eligible finders non-transferable finders' warrants of up to 7.0 per cent of the number of units and non-LIFE units sold in the offering. Each finder's warrant issued in connection with the LIFE offering will entitle the holder to purchase one share at an exercise price of seven cents for a period of 36 months from the date of issuance. Each finder's warrant issued in connection with the concurrent placement will entitle the holder to purchase one share at an exercise price of seven cents for a period of 60 months from the date of issuance.

The company intends to use the proceeds raised from the offering for exploration of its Silver Strand project in the Idaho, Eliza and Silverton projects in Nevada, and for working capital and general corporate purposes.

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. The company may, at its discretion, elect to close the offering in one or more tranches. There is no minimum amount of the LIFE offering or the concurrent placement, however, the aggregate of the LIFE offering and concurrent placement shall be a minimum of 20 million units for minimum gross proceeds of $1.1-million and a maximum of 32,890,910 units for maximum gross proceeds of approximately $1,809,000.

In connection with the offering, certain officers and directors of the company have sold an aggregate of 2.53 million common shares of the company from their personal holdings at a price of 5.5 cents per share through the facilities of the CSE. The insiders intend to use 100 per cent of the proceeds from the swap to participate in the concurrent placement.

It is anticipated that insiders of the company will participate in the offering. The issuance of units to insiders will be considered a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to Section 5.5(a) and the minority shareholder approval requirements of MI 61-101 pursuant to Section 5.7(1)(a) in respect of such insider participation as the fair market value of the transaction, insofar as it involves interested parties, does not exceed 25 per cnet of the company's market capitalization.

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 cnet 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, 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.

We seek Safe Harbor.