Mr. Greg McKenzie reports

SILVER STORM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OFFERING OF UP TO $2.0 MILLION

Silver Storm Mining Ltd. intends to complete a non-brokered private placement offering of up to 22,222,222 units of the company at a price of nine cents per unit for gross proceeds of up to $2-million. The company reserves the right to increase the size of the offering, subject to the approval of the TSX Venture Exchange.

Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant shall be exercisable to acquire one additional common share at an exercise price of 16 cents until 36 months from the date of issuance.

The company intends to use the net proceeds from the offering to complete its upcoming National Instrument 43-101 resource statement and for general corporate and working capital purposes.

In connection with the offering, the company may pay finders' fees in cash or securities, or a combination of both, as permitted by the policies of the TSX-V.

The offering will be available to accredited investors in all the provinces and territories of Canada, pursuant prospectus registration exemptions available under NI 45-106, Prospectus Exemptions. The offering may be conducted in the United States pursuant to exemptions from the registration requirements under Rule 144A and/or Regulation D of the United States Securities Act of 1933, as amended, subject to receipt of all necessary regulatory approvals, and in those other jurisdictions outside of Canada and the United States, provided it is understood that no prospectus filing or comparable obligation arises in such other jurisdiction. The securities issued and issuable pursuant to the offering will be subject to a four-month-and-one-day hold period.

The offering may close in one or more tranches. The closing is subject to certain conditions, including, but not limited to, the completion of documentation and the receipt of all necessary regulatory and other approvals, including the approval of the TSX-V and applicable securities regulatory authorities.

About Silver Storm Mining Ltd.

Silver Storm Mining holds advanced-stage silver projects located in Durango, Mexico. Silver Storm recently completed the acquisition of 100 per cent of the La Parrilla silver mine complex, a prolific operation that comprises 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.

We seek Safe Harbor.