Mr. Gary Lindsey reports

SILVER ONE INTENDS TO EXTEND WARRANT TERM

Silver One Resources Inc. will be applying for approval from the TSX Venture Exchange to further extend the expiry date of 8,297,000 share purchase warrants issued to subscribers under the company's private placement that closed on Jan. 20, 2020. The expiry date was extended pursuant to the company's news releases dated Jan. 2, 2023, and Jan. 9, 2023. The company intends to further extend the expiry date as follows: 4,576,000 warrants from Jan. 13, 2024, to Jan. 13, 2025, and 3,721,000 warrants from Jan. 17, 2024, to Jan. 17, 2025.

The exercise price of 40 cents and all other terms of the warrants will remain unchanged for the extended exercise period. The extension is subject to approval from the exchange.

About Silver One Resources Inc.

Silver One is focused on the exploration and development of quality silver projects. The company holds an option to acquire 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 down dip, 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.