Mr. Michael Romanik reports

SILVER DOLLAR SUBMITS DRILLING PERMIT APPLICATION FOR NORA SILVER-GOLD PROPERTY

Silver Dollar Resources Inc. has submitted a drilling permit application for the next phase of drilling at the high-grade Nora silver-gold property in the state of Durango, Mexico.

"With the surface rights agreements in place, we look forward to starting our inaugural exploration campaign on the Nora property once the drilling permit is received," said Michael Romanik, president of Silver Dollar. "Multiple drilling contractors have visited the property, and we are currently evaluating their bids."

Silver Dollar can acquire a 100-per-cent interest in the Nora property under an option agreement with Canasil Resources Inc. Situated 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 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, who serve as 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 m of the potential three-kilometre strike of the Candy vein structure have been drill tested and only to a depth of 250 m 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 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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