Mr. Peter Ball reports

SILVER HAMMER ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNITS PURSUANT TO THE LISTED ISSUER EXEMPTION AND SECURES C$1,600,000 LEAD ORDER FROM TWO STRATEGIC SILVER INVESTORS

Silver Hammer Mining Corp. has arranged a non-brokered private placement of units of the company at a price of 10 cents per unit for maximum aggregate gross proceeds of up to approximately $4.2-million pursuant to the listed issuer financing exemption available under Part 5A of National Instrument 45-106 (Prospectus Exemptions). Pursuant to the LIFE offering, the company will issue a minimum of 25 million units at a price of 10 cents per unit for minimum gross proceeds of $2.5-million and up to a maximum of 42 million units at a price of 10 cents per unit for maximum gross proceeds of up to approximately $4.2-million. There is an offering document relating to the offering that can be accessed under the company's profile at SEDAR+ and at the Silver Hammer website. Prospective investors should read this offering document before making an investment decision. The securities offered under the LIFE offering will not be subject to a hold period in accordance with applicable Canadian securities laws.

"Silver Hammer is pleased to receive a lead orders totalling $1.6-million from two strategic silver investors to assist in the company's 2026 exploration plan to explore 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. "This offering creates the opportunity for Silver Hammer to be fully financed to explore it entire highly prospective portfolio in 2026 for the next high-grade silver discovery in Nevada. Our three silver projects in Idaho and Nevada carry no royalties and control seven previous silver producing mines, and are all drill ready. 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. Results from the Silverton phase 1 drilling program are anticipated to be received by the end of February."

Mr. Ball added: "In addition, the recent key acquisition of the Fahey silver project in the fall of 2025 has generated significant interest noting its strategic location in the centre of the silver belt in the Coeur d'Alene mining district. Fahey is the last property within the silver belt that has remained largely unexplored, despite its strategic prime location, and has been one of the highly desired properties to be explored for many years and was previously owned by same family for over 60 years. Fahey is perfectly situated between two of the well-known silver mines in North America: the currently operating Galena mine and the historic Sunshine mine, and is also underlain by the same favourable Revett formation quartzite. The Sunshine land position surrounds Fahey on three sides, and the Americas Silver and Gold land position borders the Fahey property to the east. More than 20 veins have been identified within the Fahey property, which is more than the number of veins in either the Bunker Hill mine, the largest mine in the district, or the Sunshine mine, with the greatest silver production in the Coeur d'Alene mining district. We look forward to finalizing our review of other accretive mineral assets and corporate opportunities actively being presented to the company. We appreciate our shareholders' patience and support as we push forward. As one of the company's largest shareholders, I am very excited for 2026 and the potential opportunity for a discovery on one of our multiple projects."

Each unit will be composed of one common share in the capital of the company and one-half of one share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional share at a price of 15 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 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 finders' warrants of up to 7.0 per cent of the number of units sold in the offering. Each finder's warrant will entitle the holder to purchase one share at an exercise price of 15 cents for a period of 36 months from the date of issuance.

The offering is expected to close before Feb. 25, 2026.

The company intends to use the proceeds raised from the offering for exploration of its Silver Strand and Fahey projects in Idaho and the 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, and including the Canadian Securities Exchange. The company may, at its discretion, elect to close the offering sooner and/or in one or more tranches.

About Silver Hammer Mining Corp.

Silver Hammer 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 seven previously producing silver mines, which are located within the Silver Strand project in the Coeur d'Alene mining district in Idaho, United States, and within the Eliza silver project and the Silverton silver mine in Nevada. The company also controls the Fahey group silver project in the Silver Valley, Idaho, and the Lacy gold project in British Columbia, Canada. Silver Hammer's primary focus is to explore, define and develop silver projects near past-producing mines that have not been adequately tested. The company's portfolio also provides exposure to copper and gold.

We seek Safe Harbor.