23:26:52 EST Wed 14 Jan 2026
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Silver Storm Mining Ltd
Symbol SVRS
Shares Issued 754,181,178
Close 2026-01-13 C$ 0.50
Market Cap C$ 377,090,589
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Silver Storm begins underground drilling at La Parrilla

2026-01-14 14:17 ET - News Release

Mr. Greg McKenzie reports

SILVER STORM COMMENCES 6,000 METRE DRILLING CAMPAIGN AT LA PARRILLA SILVER MINE COMPLEX

Silver Storm Mining Ltd. has commenced underground drilling at its 100-per-cent-owned La Parrilla silver mine complex, located 76 kilometres southeast of Durango, Mexico.

Greg McKenzie, president and chief executive officer, commented: "The Silver Storm team is excited to have drilling under way again at La Parrilla. This initial phase is designed to support the current internal mine plan by increasing the indicated and inferred resource base as we advance toward the potential restart of operations at La Parrilla in the second quarter of 2026. The team is also planning surface exploration programs to be initiated in 2026 on seven target areas within the La Parrilla concessions."

The 6,000-metre underground drilling program will focus on exploration stepout and infill drilling in support of the development anticipated by the company at the Quebradillas, San Marcos and Rosarios mines in the La Parrilla complex:

  1. Quebradillas mine -- 3,500 metres of drilling on the C460, C550, Norte Sur, La Estrella and San Nicolas zones: The C460 zone comprises a sulphide replacement body concordant to bedding, striking north-northwest over a known strike length of 460 metres and a vertical extent of 500 metres, with a thickness of up to 8.5 metres. Drilling will test the southern strike and depth extension of C460. The C550, Norte Sur, La Estrella and San Nicolas zones are sulphide-bearing fault veins and breccias often with replacement bodies developed on the footwall and hangingwall of the fault zone. Drilling will explore the strike and downdip extensions of these zones.
  2. San Marcos mine -- 1,000 metres of drilling on the San Marcos and C1100 zones: The San Marcos zone comprises fault-vein oxide mineralization, striking north-northwest over a known strike length of 700 metres and a vertical extent of 350 metres, with a thickness of up to 17 metres. It is the main source of oxide mineralization. Drilling will be focused on the near-surface and middle levels of the mine. The C1100 zone comprises sulphide-bearing fault-vein mineralization, striking northwest over a known strike length of 500 metres and a vertical extent of 430 metres, with a thickness of up to 1.5 metres. Drilling will test the zone at depth below historical development.
  3. Rosarios mine -- 1,500 metres of drilling on the Rosarios and RRFW zones: The Rosarios zone comprises fault-vein sulphide mineralization developed as stockwork or replacement zones on the footwall and hangingwall of the vein. Rosarios strikes west-northwest over a known strike length of 1.75 kilometres and a vertical extent of 900 metres, with a thickness of up to 14 metres. Drilling will be focused on the central and western extensions of the zone. The RRFW zones are five subparallel fault structures lying within the western footwall of the Rosarios zone that are generally characterized by sulphide breccias and replacement zones, which have known strike lengths varying from 150 to 490 metres over vertical extents between 200 and 270 metres.

An additional 4,000 metres of drilling have been proposed as a follow-up to this initial program as mine development progresses following the potential restart of operations. The company looks forward to sharing the results of this initial phase of drilling as soon as the assay results are available.

The geology team is in the process of planning surface exploration and drilling programs on the Rosarios C340 West Extension, 14 Marcos, La Ilusion Argenis, Quebradillas Open Pit, San Marcos North, San Marcos Vacas Gap and Vacas South targets. Further information on these surface exploration programs will be provided when planning and permitting are finalized.

Qualified person

In accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects, Bruce Robbins, PGeo, is the qualified person for the company and has validated and approved the technical and scientific content of this news release.

About Silver Storm Mining Ltd.

Silver Storm Mining holds advanced-stage silver projects located in Durango, Mexico. Silver Storm is committed to advancing toward a potential near-term restart of its 100-per-cent-owned La Parrilla silver mine complex, a prolific operation comprising 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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