Mr. Joseph Hebert reports

OUTCROP SILVER FILES TECHNICAL REPORT FOR THE SANTA ANA MAIDEN MINERAL RESOURCE ESTIMATE

Outcrop Silver & Gold Corp. has filed a National Instrument 43-101 technical report entitled "Santa Ana Property Mineral Resource Estimate" with an effective date of June 8, 2023, supporting the maiden mineral resource estimate for its 100-per-cent-owned Santa Ana high-grade silver project in Colombia. The technical report was prepared for Outcrop Silver by AMC Mining Consultants (Canada) Ltd. and can be found under Outcrop Silver's issuer profile on SEDAR.

The attached summary of the mineral resource estimate was previously announced (see press release April 26, 2023). The high indicated resource grade of 614 grams per tonne silver equivalent demonstrates the high-grade potential of the project which is open at depth and along strike.

About Outcrop Silver & Gold Corp.

Outcrop Silver is rapidly advancing the Santa Ana high-grade silver deposit with continuing expansion drilling. Outcrop Silver is also progressing exploration on four gold projects with world-class discovery potential in Colombia. These assets are being advanced by a highly disciplined and seasoned professional team with decades of experience in Colombia.

Qualified person

The technical information in this news release has been approved by Joseph P. Hebert, a qualified person as defined in NI 43-101 and president and chief executive officer of Outcrop Silver.

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