Mr. Steve Cope reports

SILVER VIPER MINERALS ANNOUNCES $4 MILLION LIFE PRIVATE PLACEMENT

Silver Viper Minerals Corp. intends to undertake a non-brokered private placement financing pursuant to the listed issuer financing exemption (the LIFE) of National Instrument 45-106 -- Prospectus Exemptions to raise gross proceeds of up to $4-million from the sale of up to 40 million units at a price of 10 cents per unit. Each unit will consist of one common share of the corporation and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase an additional share at a price of 15 cents per share for a period of 36 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 June, 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 NI 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 on 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 April 12, 2024, 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 Minerals 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-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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