Mr. Keith Anderson reports

SILVER SANDS RESOURCES CORP. ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE 100 PERCENT INTEREST IN THE FAIRFIELD GOLD PROJECT, NAYARIT, MEXICO

Further to Silver Sands Resources Corp.'s news release dated March 2, 2026, it has entered into a definitive agreement dated April 29, 2026, with Fairfields Gold S.A. de C.V. (the vendor) to acquire the 1,012.73-hectare Fairfield gold project, a gold-silver project with underlying porphyry copper potential located in the state of Nayarit, Mexico. The concessions are situated approximately 70 kilometres northeast of Puerto Vallarta and 25 kilometres southwest of Tepic.

Pursuant to the agreement, the company may earn a 100-per-cent interest in the concessions by making staged cash payments totalling $675,000 and issuing an aggregate of 5.15 million common shares over a four-year period.

Keith Anderson, chief executive officer of Silver Sands, commented: "The Fairfield gold project represents an excellent opportunity in a strong mining-friendly jurisdiction for Silver Sands. Historical exploration by ASARCO reported gold and silver mineralization in the Miravalles vein, while parallel vein structures have only been minimally explored, highlighting the broader exploration potential of the project."

Key property highlights

• Initial historical exploration by American Smelting and Refining Company (ASARCO) between 1926 and 1935 included two adits driven on the 1,500-metre Miravalles vein, which reported small shoots of mineralization averaging 31.2 grams per tonne gold and 401 grams per tonne silver.
• Historical drilling completed in 2006 by Servicio Geologico Mexicano, the Mexican Geological Survey, included drill hole DDH 3 which intersected the Miravalles vein at a shallow angle and returned the following results:
  • 0.55 metre true thickness grading 12.15 grams per tonne gold and 443 grams per tonne silver at a depth of 178.1 metres;
  • 3.4 metres true thickness grading 23.49 grams per tonne gold and 64.13 grams per tonne silver at a depth of 183.1 metres;
  • An interval of undetermined true thickness from 196.15 metres to 201.2 metres averaging 4.71 grams per tonne gold and 16.8 grams per tonne silver.
• Historical chip sampling on the parallel Estrella vein returned values of 43.1 grams per tonne gold and 155 grams per tonne silver over 0.10 metre.

Geology

The Fairfield gold project lies on the northern margin of a locally altered Cretaceous hornblende granodiorite pluton with base and precious metal mineralization spatially and genetically related to the pluton. The Miravalles vein lies in a 300-degree-striking fault that dips 65 to 76 degrees northwest, crops out along 1,500 metres of strike and formed at least two shoots of mineralization in excess of two metres in width. Alteration consists of less than one metre thick envelopes of phyllic alteration comprises quartz, sericite and pyrite that grade outward into propylitic alteration consisting of quartz, chlorite, calcite and pyrite. Mineralization consists of chalcopyrite, sphalerite and galena with per cent level arsenic and local sulphosalts.

The data disclosed in this news release relates to historical exploration and drilling. Silver Sands has not undertaken any independent investigation of the sampling, nor has it independently verified the results of the historical exploration work. Silver Sands considers these historical drill results relevant as the company will use this data as a guide to plan exploration programs; however, the company cannot confirm their accuracy or reliability. The company's current and future exploration work includes verification of the historical data through drilling.

Transaction terms

Under the terms of the agreement the company has the right to acquire a 100-per-cent interest in the concessions by making aggregate cash payments of $675,000 and issuing 5.15 million common shares over four years to the vendor as follows:

1. $15,000 (U.S.) upon the execution of the letter of intent, which amount has already been paid in full;
2. $100,000 (U.S.) and one million shares upon the execution of the agreement;
3. $110,000 (U.S.) and one million shares on the first anniversary of the agreement;
4. $125,000 (U.S.) and one million shares on the second anniversary of the agreement;
5. $155,000 (U.S.) and one million shares on the third anniversary of the agreement;
6. $170,000 (U.S.) and 1.15 million shares on the fourth anniversary of the agreement.

Upon completion of all payments and shares issuances, the concessions will be transferred to a wholly owned Mexican subsidiary of the company (the Mexican sub).

The concessions are also subject to a 2.5-per-cent net smelter returns royalty (the NSR) payable to the prior owner from whom the vendor acquired its interest in the concessions. Pursuant to the agreement, the Mexican sub will have a right to repurchase 1.5 per cent of the NSR from the prior owner for $1-million (U.S.). As a condition to closing the transaction, the Mexican sub and prior owner will enter into an agreement reflecting the NSR and this repurchase right.

In connection with the transaction, the company has agreed to issue to an arm's-length third party 1.05 million common shares as a finder's fee payable upon execution of the agreement, subject to approval of the Canadian Securities Exchange. The finders' shares will be subject to applicable statutory hold periods in accordance with securities laws and Canadian Securities Exchange policies.

The agreement is subject to the receipt of all necessary regulatory approvals including approval of the Canadian Securities Exchange.

A competent person's report on the assets of Focus Gold's Huicicila project, Mexico, by A. Moran and C.E. Nelson dated Aug. 14, 2011, for Focus Gold.

Qualified person

R. Tim Henneberry, PGeo, British Columbia, a director of Silver Sands and a qualified person under National Instrument 43-101, has reviewed and approved the technical content in this news release.

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.