Mr. Michael Power reports

SILVER RANGE ADVANCES THE SNIPER PROPERTY

Silver Range Resources Ltd. has provided an update on the Sniper property in western Nevada.

Silver Range has expanded the Sniper property from four to 14 claims by staking, enlarging the property to cover a high-grade gold occurrence near Gold Mountain. Sampling returned up to 16.21 grams per tonne gold from newly staked showings.

The Sniper property is located on the northern flank of Gold Mountain, south of Gold Point in Esmeralda county. Ribbon-banded quartz veins carrying pyrite, galena, tetrahedrite and secondary chrysocolla and wulfenite are present in the carapace of the Jurassic Sylvania pluton, immediately below the contact with overlying Precambrian Wyman formation metasediments. The sulphide mineralization occurs in clots and locally amounts to 20 per cent of the vein material. Mineralization is found immediately adjacent to the intrusive-metasediment contact at the North showing. Sampling at the North showing has returned up to 121 g/t Au and 1,375 g/t silver from grab samples and 0.4 metre at 46.3 g/t Au from a chip sample (see Silver Range's news release dated June 13, 2024). At the newly staked South showing, similar vein-hosted mineralization is found deeper in the intrusion.

Silver Range intends to continue exploring the property with additional prospecting, geochemical surveys, geophysical surveys and geologic mapping. An updated video presentation and project brochure describing the Sniper property may be found on the Silver Range website.

A total of seven samples were collected during staking. Results are tabulated below.

Samples collected and reported by Silver Range herein were shipped to ALS Minerals facilities in Reno, Nev., for sample preparation and analysis. At the laboratory, samples were crushed progressively to less than two millimetres (ALS Code CR-32) and a one-kilogram aliquot was pulverized to 85 per cent passing a 75-millimetre mesh (Code PUL-32). Samples were analyzed by inductively coupled plasma (ICP) for 41 elements (Code ME-ICP41). A 50-gram subsample was then fire assayed for gold with an atomic absorption finish (Code Au-AA26).

Technical information in this news release has been approved by Mike Power, MSc, CPG, president and chief executive officer of Silver Range and a qualified person for the purposes of National Instrument 43-101.

About Silver Range Resources Ltd.

Silver Range is a precious metals prospect generator working in the southwestern United States. It currently has a portfolio of 36 properties, 12 of which are presently under option to third parties. The company also retains nine royalty interests on previously vended projects. Silver Range is actively seeking other joint venture partners to explore the precious metals targets in its portfolio.

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