Mr. Greg McKenzie reports

SILVER STORM ENTERS INTO US$7.0M OFFTAKE FINANCING WITH SAMSUNG C&T FOR RESTART OF LA PARRILLA SILVER MINE COMPLEX

Silver Storm Mining Ltd. has entered into a definitive agreement with Samsung C&T Hongkong Ltd. and QSSC S.A.DE C.V., both subsidiaries of Samsung C&T on an offtake prepayment financing for the restart of operations at the past producing La Parrilla silver mine complex in Durango, Mexico.

Key highlights:

• Facility: $7.0-million (U.S.) secured prepaid financing facility for 18 months;
• Interest rate: one-month SOFR (secured overnight financing rate) plus 4.75 per cent;
• Repayment terms: six months interest and capital repayment grace period from initial availability, with repayments made in equal monthly instalments over a 12-month period. Repayments may be made as deductions from concentrate sales;
• Security: corporate guarantee and share pledge, and first ranking security in the assets of La Parrilla;
• Offtake: offtake for 100 per cent of the lead-silver and zinc concentrate produced at La Parrilla over a two-year period.

The proceeds of the facility will be used to finance the restart of La Parrilla operations, including mill rehabilitation and upgrading, underground development, and working capital for La Parrilla.

Greg McKenzie, president and chief executive officer, commented: "The agreement with Samsung represents a key step in our strategic vision of transitioning the company into an operating entity. The company has sufficient liquidity to complete the planned restart and rehabilitation activities at La Parrilla. Samsung's involvement as a guaranteed purchaser for the concentrates reflects the confidence of a leading industry participant in our path forward and provides Silver Storm with another partner that is committed to bringing La Parrilla back into operation."

The offtake grants Samsung the right to purchase 100 per cent of the lead-silver concentrate and the zinc concentrates produced at La Parrilla for a period of two years. Drawdown is subject to certain customary conditions precedent. Facility repayments may be made as deductions from the sale of concentrates.

Cancellation of stock options

Further to its news released dated Oct. 2, 2025, the company advises that 500,000 stock options that were to be issued to an advisor of the company will not be issued and have been cancelled.

About Silver Storm Mining Ltd.

Silver Storm Mining holds advanced-stage silver projects located in Durango, Mexico. Silver Storm is committed to restarting operations at its 100-per-cent-owned La Parrilla silver mine complex, a prolific operation comprised of a 2,000-tonne-per-day mill and three underground mines. 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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