Mr. Eric Sprott reports

ERIC SPROTT ANNOUNCES CHANGES TO HIS HOLDINGS IN SILVER ONE RESOURCES INC.

On July 14, 2025, 5,555,556 common share purchase warrants of Silver One Resources Inc., held by 2176423 Ontario Ltd., a corporation beneficially owned by Eric Sprott, expired unexercised, representing a decrease in holdings of approximately 2.0 per cent of the outstanding common shares on a partially diluted basis since the date of the last early warning report. Prior to such expiry, Mr. Sprott beneficially owned and controlled 37,873,016 shares and 5,555,556 warrants, representing approximately 14.1 per cent of the outstanding shares on a non-diluted basis and approximately 15.8 per cent on a partially diluted basis assuming the exercise of such warrants.

As a result of the expiry of the warrants, Mr. Sprott now beneficially owns 37,873,016 shares, representing approximately 14.1 per cent of the outstanding shares on a non-diluted basis. The warrant expiry resulted in a partially diluted ownership change of greater than 2 per cent and, therefore, the filing of an update to the early warning report.

The securities are held for investment purposes. Mr. Sprott has a long-term view of the investment, and may acquire additional securities, including on the open market or through private acquisitions, or sell the securities, including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

A copy of the early warning report with respect to the foregoing will appear on Silver One Resources' profile on SEDAR+ and may also be obtained by calling Mr. Sprott's office at 416-945-3294 (2176423 Ontario, 7 King St. East, Suite 1106, Toronto, Ont., M5C 3C5).