Mr. Michael Romanik reports

SILVER DOLLAR CLOSES FINANCING LED BY STRATEGIC INVESTOR AND LARGEST SHAREHOLDER ERIC SPROTT

Silver Dollar Resources Inc. has completed the previously announced non-brokered private placement financing that raised gross proceeds of $1.5-million.

The offering consisted of six million units priced at 25 cents each. The units each comprise one common share and one-half of a non-transferable share purchase warrant, with each full warrant entitling the holder to purchase one additional common share of the company at a price of 40 cents per share for two years from the closing date of the offering.

Eric Sprott subscribed for three million units or $750,000 of the offering. This investment results in Mr. Sprott holding approximately 19.8 per cent of Silver Dollar's issued and outstanding common shares calculated on a partially diluted basis.

The company paid finders' fees of $22,400 and 89,600 finders' warrants on a portion of the offering proceeds. The finders' warrants entitle the holder to purchase one common share of the company at a price of 40 cents for 24 months from the closing date. All securities issued pursuant to this offering will have a hold period expiring on March 2, 2025.

The company will use the net proceeds of the offering to finance its initial drilling campaign at the recently acquired Ranger-Page Ag-Pb-Zn (silver-lead-zinc) project in Idaho's Silver Valley and for general working capital purposes.

Silver Dollar relied on subsections 5.5(b) and 5.7(1)(a) of Multilateral Instrument 61-101 to exempt the offering from the requirements for a formal valuation and minority shareholder approval. To the company's knowledge, neither it nor the purchasers have knowledge of any material information concerning the company or its securities that has not been generally disclosed.

About the Ranger-Page project

Ranger-Page is a drill-ready project in a world-class silver district. The land package covers six historic mines and is ideally situated near Interstate 90 with year-round access to power, water, local infrastructure, and a work force in the Silver Valley skilled in exploration and mining. The primary target areas are upplunge and downplunge from historic underground mining, along strike where ground induced polarization (IP) surveys identify anomalies and where surface trenching identified near-surface mineralization. Additional exploration targets have also been identified away from historical mine infrastructure, using soil geochemical data, mapping and ground IP survey data.

About Silver Dollar Resources Inc.

Silver Dollar is a dynamic mineral exploration company focused on two of North America's premier mining regions: Idaho's prolific Silver Valley and the Durango-Zacatecas silver-gold belt. The company's portfolio includes the advanced-stage Ranger-Page and La Joya projects, along with the early-stage Nora project. The company's financial backers include renowned mining investor Mr. Sprott, its largest shareholder. Silver Dollar's management team is committed to 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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