Mr. Greg McKenzie reports

SILVER STORM RECEIVES LA PARRILLA SURFACE DRILLING PERMITS

Silver Storm Mining Ltd. has secured permits for the construction of 62 drill pads and 27 access roads at the company's 100-per-cent-owned, past-producing La Parrilla silver mine complex in Durango state, Mexico. The permits were issued by the Mexican federal authority, Secretaria de Medio Ambiente y Recursos Naturales (Semarnat), and are valid for a period of four years.

Greg McKenzie, president and chief executive officer, stated: "Securing the permits to conduct surface drilling is an important milestone for our 2026 exploration program at La Parrilla. With multiple promising surface exploration targets on the La Parrilla land package, we are excited about the potential to grow the resource footprint on the property."

The permits authorize Silver Storm to construct surface drill pads and access roads to carry out drilling on 24 sites at the La Ilusion-Argenis target as well as 32 sites at the 14 Marcos and Rosarios-C340 western extension targets.

An initial exploration plan has been developed for the C340 and 14 Marcos targets:

• At the C340 target, Silver Storm has two objectives: (a) upgrading the inferred resources at the past-producing Rosarios mine to the indicated category; and (b) growing the resources by extending the known mineralization to the west. In addition, the company is planning to test the high-grade mineralization in the upper levels of the C193 zone. Approximately 3,600 metres of surface drilling are currently planned in the target area.
• At the 14 Marcos target, historical artisanal mining was carried out on two levels to a depth of approximately 100 metres. The expected downdip projection of the vein mined by artisanal miners lies approximately 140 metres south of mine development within the Rosarios mine. Silver Storm will conduct initial 3,000 metres of surface drilling to test the mineralization at the 14 Marcos target to a depth of 300 metres.

Extension of the tailings storage facility permit

Semarnat has provided an authorization for the continued operation of the existing tailings storage facility (TSF) at La Parrilla for an additional period of 10 years. The previous authorization by Semarnat to utilize the TSF for the disposal of tailings generated at La Parrilla was scheduled to expire in Q3 2026. As a result of Semarnat providing the new authorization, the TSF will maintain its environmental operating licence, ensuring the operational continuity of La Parrilla.

Qualified persons

The scientific and technical information in this document has been reviewed and approved by qualified persons, as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. The qualified persons are Shane Ghouralal, PEng, director, technical services, of the company, and Bruce Robbins, PGeo, chief geologist of the company, engaged as an independent consultant to the company.

About Silver Storm Mining Ltd.

Silver Storm Mining holds advanced-stage silver projects located in Durango state, 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 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 ranks among the largest undeveloped silver projects in Mexico.

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