Mr. Keith Anderson reports

SILVER SANDS CLOSES PRIVATE PLACEMENT AND DEBT SETTLEMENT

Silver Sands Resources Corp., further to its news release on Jan. 29, 2026, has closed the private placement financing, whereby the company has issued 6,499,333 units at 7.5 cents per unit for gross proceeds of $487,449.98. Each unit consists of one common share at 7.5 cents and one-half of one transferable share purchase warrant. Each whole warrant is exercisable at 15 cents per common share for a period of 24 months from closing.

Seven-per-cent finders' fees totalling $20,571.25 were paid in cash and 274,283 non-transferable finders' warrants were issued to registered finders.

Debt settlement

The company entered into debt settlement agreements with three directors and the corporate secretary of the company, pursuant to which the company has issued an aggregate of 2,365,000 units at a deemed price of 7.5 cents per unit, to settle a total indebtedness of $177,375.00. Each unit consists of one common share at 7.5 cents and one-half of one transferable share purchase warrant. Each whole warrant is exercisable at 15 cents per common share for a period of 24 months from closing.

The company had resolved to satisfy the outstanding indebtedness with shares and warrants to preserve its cash for operations.

The private placement and debt settlement transactions are subject to the approval of the Canadian Securities Exchange. Pursuant to the financing and debt settlement, an aggregate of 8,864,333 common shares and 4,432,166 warrants will be subject to a four-month-and-one-day hold period until June 14, 2026. Proceeds will be used for general working capital and property investigation.

About Silver Sands Resources Corp.

Silver Sands is a Canada-based company engaged in the business of mineral exploration and the acquisition of mineral property assets in mining-friendly jurisdictions. Its objective is to locate and develop economic precious and base metal properties of merit.

We seek Safe Harbor.