Mr. Michael Romanik reports

SILVER DOLLAR SIGNS SURFACE RIGHTS AGREEMENT FOR EXPLORATION DRILLING ON THE NORA SILVER-GOLD PROPERTY

Silver Dollar Resources Inc. has entered into a formal surface rights agreement with the local Ejido Pena, which collectively owns the land covering the area of the high-grade Nora silver-gold property in the state of Durango, Mexico. The agreement allows for surface exploration and drilling on the property.

"Engaging local stakeholders is always our priority, and we look forward to working with the Pena community to advance the Nora project responsibly and respectfully," said Michael Romanik, president of Silver Dollar. "Our team has visited the property on four occasions since acquiring it in late April and we have commenced the drill permitting process now that the surface rights agreement is in place."

Silver Dollar can acquire a 100-per-cent interest in the Nora property under the option agreement with Canasil Resources Inc. Located in the eastern Sierra Madre subprovince in the transition to the high plateau of Mexico, the property lies centrally within the "silver trend" that runs from the northwest to the southeast through Durango state. Significant deposits in the region include Endeavour Silver's Guanacevi mine and Fresnillo's San Julian mine on trend to the northwest, with Endeavour Silver's Pitarrilla project, approximately 50 kilometres (km) to the east. Pitarrilla is one of the largest undeveloped silver deposits in the world and was discovered by Perry Durning and Frank (Bud) Hillemeyer, Silver Dollar's technical advisers.

The geological setting is a Tertiary-aged volcanic flow-dome complex. Gold-silver mineralization is hosted within two structurally controlled epithermal veins, Candy and Nora. Drilling by Canasil in 2020 and 2021 was the first on the property, with 3,296 metres drilled over 13 holes to test the Candy vein structure. All 13 drill holes cut the mineralized vein structure, returning wider high-grade gold and silver intercepts within the central 200-metre zone tested.

Only 500 metres of the potential three-kilometre strike of the Candy vein structure has been drill tested and only to a depth of 250 metres below surface. The consistently high gold and silver grades and relatively low base metal values confirm the upper levels of a robust gold-silver mineralized system within the Candy structure, which is open for significant expansion along strike and to depth where grade and thickness appear to be increasing.

See Silver Dollar's news release of May 24, 2023, for selected highlights of drill results and additional information on the exploration targets on the property.

Mike Kilbourne, PGeo, an independent qualified person (QP) as defined in National Instrument 43-101, has reviewed and approved the technical contents of this news release on behalf of the company. The QP and the company have not completed sufficient work to verify the information on the Nora property, particularly regarding historical exploration, neighbouring companies and government geological work.

About Silver Dollar Resources Inc.

Silver Dollar is a mineral exploration company that completed its initial public offering in May, 2020, and is fully financed for its 2023 exploration plans with approximately $5-million in the treasury. The company's primary projects lie within the prolific Durango-Zacatecas silver-gold belt and include the advanced exploration stage La Joya silver property and the recently discovered Nora silver-gold property, both located in the state of Durango, Mexico. The company has an aggressive growth strategy and is actively reviewing potential acquisitions with a focus on drill-ready projects in mining-friendly jurisdictions.

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