Mr. Steve Cope reports

SILVER VIPER GRANTS OPTIONS

Silver Viper Minerals Corp. has granted an aggregate of 5.15 million incentive stock options to directors, officers and consultants to purchase up to 5.15 million common shares in the capital of Silver Viper. The incentive stock options have an exercise price of 15 cents per share, expire five years from the date of grant and vest immediately. As a result of this option grant, Silver Viper has 9.45 million stock options outstanding, representing 6.1 per cent of the issued and outstanding share capital of the company.

In addition, the company wishes to clarify that its news release dated April 20, 2023, where it announced the closing of the final tranche of a private placement of units, should have said that the company issued 19,222,000 units pursuant to the final tranche, not 19,222,200 units. Please see the news release dated April 20, 2023, for additional details with respect to the private placement.

Silver Viper is a Canadian-based junior mineral exploration company focused on precious metals exploration in the northwestern Mexican state of Sonora. The company currently operates the La Virginia gold-silver project. Silver Viper has a 100-per-cent ownership of the La Virginia concessions acquired from the most recent operator, Pan American Silver Corp., and has an option to acquire a 100-per-cent interest in the Rubi-Esperanza group of claims internal to those concessions. Silver Viper is under management provided by the Belcarra Group, which comprises highly qualified mining professionals.