Mr. Gary Lindsey reports

SILVER ONE AMENDS WARRANT TERMS

The TSX Venture Exchange has accepted the extension to the expiry date of 10,191,669 share purchase warrants issued to subscribers under Silver One Resources Inc.'s private placement that closed on July 14, 2020. The company confirms that the warrants are extended from July 14, 2023, to July 14, 2024.

The exercise price of 65 cents and all other terms of the warrants will remain unchanged for the extended exercise period.

About Silver One Resources Inc.

Silver One is focused on the exploration and development of quality silver projects. The company holds a 100-per-cent interest in its flagship project, the past-producing Candelaria mine located in Nevada. Potential reprocessing of silver from the historic leach pads at Candelaria provides an opportunity for possible near-term production. Additional opportunities lie in previously identified high-grade silver intercepts downdip and potentially increasing the substantive silver mineralization along strike from the two past-producing open pits.

The company has staked 636 lode claims and entered into a lease/purchase agreement to acquire five patented claims on its Cherokee project located in Lincoln county, Nevada, host to multiple silver-copper-gold vein systems, traced to date for over 11 kilometres along strike.

Silver One holds an option to acquire a 100-per-cent interest in the Silver Phoenix project. The Silver Phoenix project is a very high-grade native silver prospect that lies within the Arizona silver belt, immediately adjacent to the prolific copper producing area of Globe, Ariz.

We seek Safe Harbor.