Mr. Steve Cope reports

SILVER VIPER MINERALS ANNOUNCES $5 MILLION LIFE PRIVATE PLACEMENT

Silver Viper Minerals Corp. intends to undertake a non-brokered private placement financing, pursuant to the listed issuer financing exemption (LIFE) of National Instrument 45-106 -- Prospectus Exemptions, to raise gross proceeds of up to $5-million from the sale of up to 45,454,546 units at a price of 11 cents per unit. Each unit will consist of one common share of the company and one warrant, each warrant entitling the holder thereof to acquire one share from the company at a price of 20 cents per share for a period of 24 months from its date of issue.

The company intends to use the minimum net proceeds of $2-million from the offering for working capital requirements and other general corporate purposes, which includes legal and financing fees as part of this offering, and the final $200,000 (U.S.) option payment on its La Virginia project due in 2024. Any additional net proceeds from the offering will be used to continue surface exploration, including mapping and sampling, as well as a drill campaign, at the La Virginia project.

Subject to compliance with applicable regulatory requirements, the offering is being made to purchasers resident in Canada, except Quebec, pursuant to the LIFE under Part 5A of National Instrument 45-106. The securities issued under the offering will not be subject to a hold period in accordance with applicable Canadian securities laws.

There is an offering document related to the offering that can be accessed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

The company may pay a finder's fee in respect of those purchasers under the offering introduced to the company by certain persons. Each finder will receive a cash payment equal to 6 per cent of the gross proceeds received by the company from purchasers under the offering who were introduced to the company by such finder.

The offering is anticipated to close in a series of tranches, with the first tranche on or about Dec. 20, 2023, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

About Silver Viper Minerals Corp.

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.

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