Mr. Michael Romanik reports

SILVER DOLLAR SAMPLES UP TO 4,311 G/T AGEQ AT ITS 100%-OWNED LA JOYA SILVER PROJECT

Silver Dollar Resources Inc. has provided an update on drill target development work on the underexplored Coloradito-Noria portion of the La Joya silver (copper-gold) property located in the state of Durango, Mexico.

Target development work has primarily consisted of geological mapping with limited drill testing to follow up on data from the ground magnetic (MAG) survey conducted in 2022. As previously reported (see news release of Dec. 15, 2022), the MAG survey identified three notable anomalies:

• S-1 is a parallel zone to S-2 located 400 metres (m) to the east in a generally blind area mostly covered with caliche (hardpan) with limited outcrops of limestone and hornfels. Samples assayed from this area have not returned any significant results to date despite the magnetic reactions exhibited by some of the samples.
• S-2, located approximately 400 m east of S-3, is now known as the Central dike zone where mineralization is found in association with a dike that runs north-south to north-northwest through the central part of Cerro Coloradito. This is the priority area for drill target development with exploration results described in detail below.
• S-3 is coincident with the Brazo zone where drill testing in hole NOR-23-030 encountered intense and extensive alteration but did not intersect Brazo-style mineralization. A sharp change in angle of the intrusive contact underscores the importance of the structural mapping that has been taking place to better refine targeting for future drilling.

Central dike zone

Mapping and sampling to date have included the collection of 156 channel samples along with 14 rock samples taken from outcrop and dumps that have delineated the Central dike zone over a strike length of 770 m. Analytical results for all samples have been received with 134 of the 170 samples collected returning assays greater than 100 grams per tonne (g/t) silver equivalent (AgEq). Notably, sample No. 161 taken from a historical underground working called Hueco Grande returned the highest grade with an assay of 4,311 g/t (or 152.07 ounces per ton) AgEq.

The breakdown of the Central dike zone sample assays greater than 100 g/t AgEq includes:

• 67 samples greater than 100 parts per million AgEq;
• 39 samples greater than 200 ppm AgEq;
• 20 samples greater than 400ppm AqEq;
• Eight samples greater than 700 ppm AgEq.

Note:

The rock samples results and the photograph above are selective by nature and may not be representative of the true grade or style of mineralization across the property.

The AgEq results disclosed herein assume $1,750 (U.S.) gold and $22 (U.S.) silver/oz, and $4.30 (U.S.) copper, $1.25 (U.S.) lead and $1.50 (U.S.) zinc/pound, and 100-per-cent metallurgical recovery.

Continuing work includes additional trenching to further expose, sample and interpret the Central diike mineralization with the aim of refining and defining potential drill targets.

"We are very pleased with the La Joya target development work and particularly the stellar sampling results that have now delineated the Central dike zone over a strike length of 770 metres," said Michael Romanik, president of Silver Dollar. "Notably, sample 161 from the Hueco Grande working returned our highest grade to date on the property at 152.07 ounces per ton silver equivalent."

Procedure, quality assurance/quality control and data verification

All rock samples were taken, described, photographed and bagged on site. They were delivered by Silver Dollar staff to ActLabs in Zacatecas, Mexico, ActLabs is ISO 9001:2015 certified. Gold is analyzed by a 30-gram fire assay with AA (atomic absorption spectroscopy) finish, then gravimetric finish if greater than 10 ppm gold. Silver and 34 other elements were analyzed using a four-acid digestion with an ICP-OES (inductively coupled plasma optical emission spectroscopy) finish. Silver, lead, zinc and copper overlimits were reassayed using an ore-grade four-acid digestion with ICP-AES (inductively coupled plasma atomic emission spectroscopy) finish. Control samples comprising certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the company's quality assurance and quality control protocol.

About the La Joya silver property

La Joya is an advanced exploration-stage property consisting of 15 mineral concessions totalling 4,646 hectares and hosts the Main mineralized trend (MMT), Santo Nino and Coloradito deposits.

The previous operator, Silvercrest Mines, released a preliminary economic assessment (PEA) National Instrument 43-101 technical report on the La Joya property in December, 2013. The PEA included a mineral resource estimate on the MMT and Santo Nino deposits that was based on 89 holes totalling 30,085 m of Silvercrest's drilling between 2010 and 2012. The mineral resource estimate was reported to conform to Canadian Institute of Mining, Metallurgy and Petroleum definitions for resource estimation; however, a qualified person of Silver Dollar has not done sufficient work to classify the historical resource, and the company is not treating it as a current mineral resource. Independent data verification and an assessment of the mineral resource estimation methods are required to verify the historical mineral resource.

The property is situated approximately 75 kilometres southeast of the Durango state capital city of Durango in a high-grade silver region with past-producing and operating mines, including Silver Storm's La Parrilla mine, Industrias Penoles' Sabinas mine, Grupo Mexico's San Martin mine, Sabinas mine, First Majestic's Del Toro mine and Pan American Silver's La Colorada mine. Access and infrastructure near the property are excellent.

Mike Kilbourne, PGeo, an independent qualified person (QP) as defined in NI 43-101, has reviewed and approved the technical contents of this news release on behalf of the company.

About Silver Dollar Resources Inc.

Silver Dollar is a mineral exploration company that is fully financed to execute its near-term exploration plans having closed its last financing with lead orders from billionaire mining investor Eric Sprott and New York Stock Exchange-listed First Majestic Silver. The company's primary projects lie within Mexico's prolific Durango-Zacatecas silver-gold belt and include the flagship La Joya silver (Cu-Au) property and the Nora silver-gold property. Management has an aggressive growth strategy and is actively reviewing potential acquisitions with a focus on drill-ready projects in mining-friendly jurisdictions.

We seek Safe Harbor.