Mr. Greg McKenzie reports

SILVER STORM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT LIFE OFFERING FOR GROSS PROCEEDS OF UP TO C$2.6 MILLION

Silver Storm Mining Ltd. intends to complete a non-brokered private placement for gross proceeds of up to $2.6-million from the sale of up to 20 million units of the company at a price of 13 cents per unit.

Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant shall entitle 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 after the date of issuance.

Greg McKenzie, president and chief executive officer of Silver Storm, commented, "We are pleased with the commencement of institutional interest in the company; this equity raise will further underpin the strong liquidity base in the company."

Subject to compliance with applicable regulatory requirements and in accordance with Part 5A of National Instrument 45-106, Prospectus Exemptions, the units will be offered for sale to purchasers resident in the provinces of Alberta, British Columbia, Manitoba, Ontario and Saskatchewan. The unit shares and warrant shares underlying the units are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers' resident in Canada. The units sold under the offering may also be issued to purchasers outside of Canada, including to purchaser's resident in the United States and in certain offshore foreign jurisdictions, pursuant to applicable regulatory requirements and 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. Purchasers are advised to consult their own legal advisers in this regard.

There is an offering document relating to the offering dated June 23, 2025, which can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors in the offering should read the offering document before making an investment decision.

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 offering document.

The offering may close in one or more tranches. Completion of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

The company may pay a cash commission to eligible finders who introduce subscribers to the offering equal to up to 6.0 per cent of the gross proceeds of the offering and finders' warrants up to 6.0 per cetn of the number of units sold pursuant to the offering. Each finder's warrant is exercisable into one common share of the company at the offering price for a period of 36 months following the completion of the offering.

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 comprising 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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