Mr. Alvaro Espinoza reports

SILVER MOUNTAIN ANNOUNCES RESIGNATION OF JULIO ARCE AS A DIRECTOR

Julio Arce has resigned from his position as a director of Silver Mountain Resources Inc., effective Nov. 12, 2025. The company thanks Mr. Arce for his service and contributions to the board. His decision to step down was made for personal reasons.

The company wishes him all the best in his future endeavours.

The board will consist of Jose Vizquerra (chairman), Juan Carlos Ortiz, Tim Loftsgard, Johnny Decooman and Gerardo Fernandez.

About Silver Mountain Resources Inc.

Silver Mountain is a Canadian mining company focused on the exploration and development of silver projects in Peru. The company's principal asset is the Reliquias project, a past-producing silver mine located in the Castrovirreyna district of Huancavelica. Silver Mountain is committed to creating long-term value for its shareholders through responsible mining, strong community engagement and sustainable development practices.