Mr. Peter Dembicki reports

TIER ONE SILVER ANNOUNCES TERMINATION OF PUBLIC OFFERING

Tier One Silver Inc.'s proposed prospectus offering, announced April 12, 2022, will not be proceeding due to recent market conditions. Tier One is arranging an alternative financing and expects to make an announcement in this regard in the near future.

About Tier One Silver Inc.

Tier One is an exploration company focused on creating value for shareholders and stakeholders through the discovery of world-class silver, gold and base metal deposits in Peru. The company's management and technical teams have a strong record in raising capital, discovery and monetization of exploration success. The company's exploration assets in Peru include Hurricane Silver, Coastal Batholith, Corisur and the flagship project, Curibaya.

We seek Safe Harbor.