Mr. Edward Farid reports

SSR MINING ANNOUNCES POSITIVE EXPLORATION RESULTS AT COPPER HILL

SSR Mining Inc. has released results from 42 diamond drill holes completed at the Copper Hill property from June, 2022, to October, 2022. Copper Hill is located approximately 30 kilometres southwest of the town of Kurtun in the Black Sea region of northeast Turkey, and is approximately 260 kilometres from SSR Mining's Hod Maden project. Exploration at Copper Hill to date has focused on defining the initial footprint of copper mineralization through diamond drilling. Reflecting the property's growth potential, SSR Mining increased its ownership in the Copper Hill joint venture to 70 per cent at the end of 2021.

At present, copper mineralization has been defined along nearly one kilometre of strike to a depth of approximately 250 metres below surface. Currently, the mineralization exhibits low levels of other metals (less than 0.03 per cent lead and zinc) and arsenic (averaging below eight parts per million), suggesting potential for a clean copper concentrate attractive to smelting companies. Results to date also showcase mineralization starting from surface over broad intercepts that suggest potential for an open-pit operation in the future. Exploration activity is planned to restart in September, 2023, targeting potential extensions of the currently defined mineralization, as well as identifying and testing new targets on the property.

Copper Hill drilling highlights include (see an attached table):

• CH002 -- 1.1 per cent copper over 37.0 metres from surface;
• CH012 -- 1.4 per cent Cu over 139.7 metres from 134.4 metres:
  • Including 1.6 per cent Cu over 33.9 metres from 204.2 metres and 3.5 per cent Cu over 21.3 metres from 246.4 metres.
• CH020 -- 2.2 per cent Cu over 31.9 metres from 282.5 metres;
• CH038 -- 1.4 per cent Cu over 44.7 metres from 7.6 metres:
  • Including 2.4 per cent Cu over 18.6 metres from 22.0 metres.

Overview of the Copper Hill property

Copper Hill is 70 per cent owned and operated by SSR Mining and 30 per cent owned by joint venture partner Lidya Mines. Copper Hill sits within a package of exploration leases known as Kazlkbeli, and all leases are unencumbered by any existing royalties.

The Lidya Mines exploration team discovered Copper Hill and undertook the preliminary exploration activities on behalf of the joint venture. Exploration activities were initiated in 2009, consisting of surface sampling (rock and soil sampling) and ground magnetics. In April, 2020, results were released for the initial eight diamond drill holes, totalling 3,181 metres, completed on the property. To date, 77 diamond drill holes, totalling 24,600 metres, have been completed. The northwest-southeast-trending mineralized zone has been identified over a strike length of more than 900 metres with a minimum width of 300 metres and starting at surface to a currently defined depth extent of at least 250 metres.

In addition to forthcoming drilling plans, the exploration team is planning geophysical surveys at Copper Hill for the 2023 field season, which aims to advance the continued definition of the potential overall extent of mineralization at the property. SSR Mining is also planning additional regional exploration activity to identify and test copper skarn and porphyry targets across the greater Kazlkbeli land package.

Overview of mineralization style

Copper Hill is a skarn-type copper prospect associated with a late-Cretaceous volcano-plutonic complex consisting of a volcano-sedimentary sequence intruded by three intrusive phases. The intrusive phases include an east-west-trending elongate granite porphyry at the centre of the current project area, along with a granodiorite to the south and a feldspar porphyry to the southwest and northeast. Calcic exoskarn mineralization is west-northwest-to-east-southeast-trending and currently defined over a strike length of more than 900 metres, a width of 300 metres and to a depth of at least 250 metres. The skarn mineralization resulted from the emplacement of a quartz feldspar porphyry into the volcano-sedimentary sequence and decreases in thickness away from the intrusive contact. Copper mineralization is almost entirely sulphide, with oxide zones typically very narrow and constrained close to surface or immediately adjacent to significant faults. Four sets of high-angle faults are found within the target area, generated during a major compression postdating the skarns and copper mineralization at Copper Hill.

Currently, the mineralization at Copper Hill is considered clean, as it exhibits low levels of other metals (less than 0.03 per cent lead and zinc) and arsenic (averaging below eight parts per million), suggesting potential for a clean copper concentrate attractive to smelting companies. This is atypical for skarn-type deposits and should bode well for future economic studies on the property.

Technical procedural information sampling and analytical procedures

The diamond drill cores were sampled as half core at one-metre intervals as an average or with variable core length not smaller than 0.6 metre, depending on the alterations and geological contacts. One-half was sent to the assay laboratory, and the other half was retained as witness core. The samples were submitted to ALS Global in Izmir, Turkey, for sample preparation and analysis, which is ISO/IEC 7025:200 certified and accredited. Bureau Veritas (Acme) in Ankara, Turkey, was used for umpire check sample analysis. The samples were analyzed for a full element suite by four-acid digestion with ICP-AES finish; ME-ICP61 (33-element four-acid ICP-AES). For copper assays greater than or equal to 10 per cent, aqua regia digestion with four-acid overlimit method was used; ME-OG62 (ore-grade elements -- four-acid ICP-AES).

The total batch of 16,141 samples include 5.64 per cent certified reference materials, 5.12 per cent blanks and 9.66 per cent duplicates for a quality control insertion rate of not less than 20.43 per cent of the total samples. SSR Mining conducts routine quality assurance/quality control analysis on all assay results, including the systematic insertion of CRMs, blanks, field duplicates and umpire laboratory check assays. The certified reference materials were commercial standards from Ore Research Ltd. There were no adverse material results detected and the quality assurance/quality control indicates the information collected is acceptable, and the database can be used for further studies.

SSR Mining's drill and geochemical samples were collected in accordance with accepted industry standards. SSR Mining conducts routine quality assurance/quality control analysis on all assay results, including the systematic utilization of certified reference materials, blanks, field duplicates and umpire laboratory check assays.

External review of data and processes relating to the prospect was completed by independent consultant Dr. Erdem Yetkin, PGeo, in December, 2022.

Qualified persons

The exploration results disclosed in this document were prepared under the supervision of, and approved by, Rex Brommecker, PGeo, a registered member of the Professional Geoscientists of Ontario, senior vice-president, exploration, at SSR Mining. Mr. Brommecker has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and is a qualified person for purposes of Subpart 1300 of Regulation S-K, and National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

External review of data and processes relating to the Copper Hill was completed in December, 2022, by independent consultant Dr. Erdem Yetkin, PGeo, a qualified person as defined by SK-1300 and NI 43-101. There were no adverse material results detected, and Dr. Yetkin is of the opinion that the quality assurance/quality control indicates the information collected is acceptable, and the database can be used for releasing the exploration results.

About SSR Mining Inc.

SSR Mining is a leading, free-cash-flow-focused gold company with four producing operations located in the United States, Turkey, Canada and Argentina, combined with a global pipeline of high-quality development and exploration assets. Over the past three years, the four operating assets combined have produced, on average, more than 700,000 gold equivalent ounces annually.

We seek Safe Harbor.