Mr. Vadim Ilchuk reports

SILVER BEAR ANNOUNCES THE 2023 ANNUAL GENERAL MEETING OF SHAREHOLDERS RESULTS

Silver Bear Resources PLC has released the voting results of its annual general and special meeting held today in Moscow, Russia. A total of 424,457,739 ordinary shares were voted in connection with the meeting, representing approximately 62.57 per cent of the issued and outstanding ordinary shares of the company eligible to vote at the meeting. The results of all matters considered at the meeting are reported in the report of voting results as filed by the company on SEDAR+.

About Silver Bear Resources PLC

Silver Bear is focused on the development of its wholly owned Mangazeisky silver project, covering a licence area of approximately 570 square kilometres that includes the high-grade Vertikalny deposit, located 400 kilometres north of Yakutsk in the Republic of Sakha within the Russian Federation. As of April, 2018, the company attained first silver production as a result of commissioning activities, and, on July 1, 2019, the company achieved full commercial production.