Mr. Greg McKenzie reports

SILVER STORM CLOSES FINAL TRANCHE OF $12,012,000 BROKERED LIFE FINANCING

Silver Storm Mining Ltd. has closed the second and final tranche of its previously announced best efforts brokered private placement for total gross proceeds of $1,470,950 from the sale of 11,315,000 units of the company at a price of 13 cents per unit. In aggregate, pursuant to the offering, the company sold 92.4 million units at the offering price for aggregate gross proceeds of $12,012,000, which includes the full exercise of the agents' option. Red Cloud Securities Inc. acted as lead agent and bookrunner for the offering, and Ventum Financial Corp. acted as co-agent. The offering was originally announced on May 20, 2025, and subsequently updated on May 29, 2025, May 30, 2025, and June 5, 2025.

Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of 20 cents at any time on or before that date that is 36 months from the date of issuance.

The units were issued to Canadian purchasers pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions, and in reliance on the Coordinated Blanker Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The unit shares and warrant shares underlying the units are not subject to any hold period under applicable Canadian securities legislation if sold to purchasers resident in Canada. The units sold under the offering to offshore and purchasers in the United States were sold in accordance with OSC Rule 72-503, Distributions Outside Canada. The units sold to purchasers in the United States will be made on a private placement basis pursuant to one or more exemptions from registration requirements of the United States Securities Act of 1933, as amended.

The company intends to use the net proceeds from the offering for: (i) the procurement of mine processing flotation cells; (ii) to commence rehabilitation work of the La Parrilla processing facility, including equipment purchase and refurbishment, labour, and supplies; (iii) to order long-lead items, including deposits on mining equipment and ventilation fans; (iv) to finance continuing operations for the next 12 months; and (v) for general corporate and working capital purposes, all as further detailed in the amended and restated offering document related to the offering dated May 30, 2025, which can be accessed under the company's profile on SEDAR+ and on the company's website.

As consideration for their services in the final tranche of the offering, the agents received an aggregate cash payment of $82,416.10 and 633,970 non-transferable common share purchase warrants. Each broker warrant is exercisable into one common share of the company at the offering price for a period of 36 months from the date of issuance. The offering remains subject to the final approval of the TSX Venture Exchange.

About Silver Storm Mining Ltd.

Silver Storm holds advanced-stage silver projects located in Durango, Mexico. In 2023, Silver Storm acquired of 100 per cent of the La Parrilla silver mine complex, a prolific past-producing operation comprised of a 2,000-tonne-per-day mill, as well as five underground mines and an open pit that collectively produced 34.3 million silver equivalent ounces between 2005 and 2019. The company also holds a 100-per-cent interest in the San Diego project, which is among the largest undeveloped silver assets in Mexico. For more information regarding the company and its projects, please visit the company's website.

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