Mr. Kevin Thieneman reports

SILVER SPRUCE RESOURCES, INC. ANNOUNCES MANAGEMENT CHANGES AND OPTION GRANTS

Silver Spruce Resources Inc.'s board of directors has approved the appointment of Kevin O'Connor as president and chief executive officer and Michael Kinley as chief financial officer. The appointments are effective as of June 9, 2026, and subject to the TSX Venture Exchange approval.

Mr. O'Connor has been an independent director of the corporation since 2019. Since 1996, he has been a corporate attorney licensed in California (inactive) and Illinois (active). His mining experience stems from him previously owning a land package which comprised the Kay copper mine in Arizona. He was formerly senior legal counsel for Caterpillar Inc. and worked as a corporate lawyer in Beijing and Shanghai for 11 years, and has been fluent in Mandarin Chinese for three decades. Currently, he is based in Glen Echo, Md.

Mr. Kinley has served as an officer and director of several junior public mining companies over the past 30 years, and, prior to that, was a partner with KPMG in Canada. He is currently chief financial officer of Opus One Resources Inc. and has been acting as the interim chief financial officer of the corporation since May, 2023. The board accepted Mr. Kinley's resignation as chief executive officer of the corporation, and the corporation is pleased that he accepts the role of chief financial officer.

The corporation also announces that the board of directors has approved the grant of an aggregate of 1,125,000 stock options to certain directors, officers, employees and consultants of the corporation. Each option entitles the holder to acquire one common share of the corporation at a price of 15 cents per share for a period of five years from the date of grant. The options were granted under and are subject to the terms and conditions of the corporation's stock option plan.

About Silver Spruce Resources Inc.

Silver Spruce is a Canadian junior exploration company. The company's diversified exploration portfolio includes:

• Pino de Plata silver project: high-grade silver property with historic artisanal mining located 15 kilometres west of Coeur Mining's Palmarejo mine in western Chihuahua, Mexico;
• Jackie gold-silver project: early-stage epithermal project with high-grade surface sampling and strong structural targets located fewer than 10 kilometres northwest from Minera Alamos's Nicho deposit in eastern Sonora, Mexico;
• Melchett Lake volcanogenic massive sulphide zinc-silver-gold-copper project: polymetallic project with historical drilling in the Thunder Bay mining district of Ontario.

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