Mr. Greg McKenzie reports

SILVER STORM CLOSES FINAL TRANCHE OF $4.0 MILLION NON-BROKERED LIFE FINANCING

Silver Storm Mining Ltd. has closed the second and final tranche of its previously announced non-brokered private placement for total gross proceeds of $129,650.04 from the sale of 997,308 units of the company at a price of 13 cents per unit. Together with the first tranche of the offering, the company sold a total of 30.8 million units at the offering price for aggregate gross proceeds of $4,004,000. The offering was originally announced on June 23, 2025, and subsequently updated on June 27, 2025, and July 2, 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 which 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 (NI 45-106) 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 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 June 27, 2025, that can be accessed under the company's profile at SEDAR+ and on the company's website.

The offering remains subject to the final approval of the TSX Venture Exchange.

About Silver Storm Mining Ltd.

Silver Storm Mining holds advanced-stage silver projects located in Durango, Mexico. In 2023 Silver Storm acquired 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.

We seek Safe Harbor.