Mr. Greg McKenzie reports

SILVER STORM UPSIZES NON-BROKERED LIFE FINANCING FOR GROSS PROCEEDS OF UP TO C$4.0 MILLION

As a result of strong investor demand, Silver Storm Mining Ltd. has decided to increase the size of the previously announced non-brokered private placement from gross proceeds of up to $2.6-million to gross proceeds of up to $4,004,000. The upsized offering comprises the sale of up to 30.8 million units of the company at a price of 13 cents per unit. The offering was originally announced on June 23, 2025.

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 which is 36 months after the date of issuance.

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.

Subject to compliance with applicable regulatory requirements and in accordance with 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 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.

There is an amended and restated offering document relating to the offering dated June 27, 2025, that can be accessed under the company's profile at SEDAR+ and on the company's website. Prospective investors in the offering should read the amended and restated offering document before making an investment decision.

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 finder warrants up to 6.0 per cent of the number of units sold pursuant to the offering. Each finder 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 Mining 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.

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