Mr. Steve Cope reports

SILVER VIPER MINERALS AMENDS PRIVATE PLACEMENT FINANCING

Silver Viper Minerals Corp. intends to amend its non-brokered private placement financing to raise gross proceeds of up to approximately $2-million from the sale of up to 20 million units at a price of 10 cents per unit, with each unit consisting of one common share of the company and one warrant. Each warrant will entitle 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.

Concurrently with the announcement of the Amended Offering, the Company is terminating its previously announced non-brokered private placement pursuant to the Listed Issuer Financing Exemption (the "LIFE") of National Instrument 45-106 - Prospectus Exemptions (the "LIFE Offering"). In connection with the termination of the LIFE Offering, the Company is withdrawing the offering document that it filed on December 8, 2023, with respect to the LIFE Offering. Purchasers under the Amended Offering should not rely on such offering document.

The Issuer intends to use the proceeds from the Offering to make its final US$200,000 option payment on its La Virginia Project due in June 2024 and for working capital and other general corporate purposes.

The Amened Offering is anticipated to close in a series of tranches, with the first tranche on or about December 22, 2023, subject to the approval of the TSX Venture Exchange, receipt of any other required regulatory approvals and other customary closing conditions.

The Units and the securities underlying the Units issuable pursuant to the Amended Offering will be subject to a statutory hold period of four months and one day from the date of issuance of the Units in accordance with applicable Canadian securities laws.

The Company may pay a finder's fee in respect of those purchasers under the Amended Offering introduced to the Company by certain persons (each a "Finder"). Each Finder will receive a cash payment equal to 6% of the gross proceeds received by the Company from purchasers under the Amended Offering who were introduced to the Company by such Finder.

ABOUT THE COMPANY

Silver Viper Minerals Corp. 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 100% ownership of the La Virginia concessions acquired from the most recent operator, Pan American Silver Corp., and has an option to acquire a 100% interest in the Rubi-Esperanza group of claims internal to those concessions. Silver Viper is under management provided by the Belcarra Group, which is comprised of highly qualified mining professionals.

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