Mr. Greg McKenzie reports

SILVER STORM MINING LTD. ANNOUNCES REINSTATEMENT OF TRADING ON THE TSX-V, PROJECT UPDATE AND SHAREHOLDER MEETING DATE

Trading of Silver Storm Mining Ltd.'s common shares will resume on the TSX Venture Exchange at the opening of the market on Thursday, Nov. 28, 2024. This follows the successful resolution of the cease trade order issued by the British Columbia Securities Commission (BCSC) on Oct. 15, 2024, and revoked by the BCSC on Nov. 8, 2024.

The company acknowledges and appreciates the patience of its shareholders and stakeholders during this process and reaffirms its commitment to adhering to high standards of compliance and corporate governance.

Project update -- La Parrilla

The underground diamond drill program at the company's 100-per-cent-owned La Parrilla silver complex was completed in October, 2024. A total of 18,682 metres (m) was drilled during phase 1 and 2, with 12,265 m reported to date. Upon completion of the QA/QC (quality assurance/quality control) as well as interpretation, the additional 6,417 metres will be reported over the coming weeks.

The company has engaged SRK Canada Inc. to prepare a mineral resource update for the project, with completion targeted in January, 2025. The favourable drill results from phase 1 and 2 diamond drilling are expected to have a positive impact on the mineral resource update.

Greg McKenzie, president and chief executive officer, commented: "The successful results achieved from our first diamond drill program at La Parrilla have greatly enhanced our knowledge of the mineralization as well as controlling features and systems. Furthermore, the high-grade drill results clearly demonstrate that zones previously mined by First Majestic Silver continue down plunge and along strike."

Annual shareholders' meeting announcement

Silver Storm Mining is also pleased to announce that its annual shareholders' meeting will be held on Jan. 24, 2025, at 10 a.m. ET. Shareholders of record as of Dec. 23, 2024, will be entitled to vote at the meeting. Further details, including the meeting agenda and instructions for participation, will be provided in the notice of meeting and management information circular to be sent to shareholders in due course.

Review by qualified person and QA/QC (quality assurance/quality control)

The scientific and technical information in this document has been reviewed and approved by Bruce Robbins, PGeo, a qualified person as defined by National Instrument 43-101.

About Silver Storm Mining Ltd.

Silver Storm holds advanced-stage silver projects located in Durango, Mexico. Silver Storm recently completed the acquisition of 100 per cent of La Parrilla silver mine complex, a prolific operation which is composed of a 2,000-tonne-per-day mill, as well as five underground mines and an open pit that collectively produced 34.3 million silver equivalent ounces between 2005 and 2019. The company also holds a 100-per-cent interest in the San Diego project, which is among the largest undeveloped silver assets in Mexico.

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