Mr. Peter Dembicki reports

TIER ONE OBTAINS RECEIPT FOR SHORT FORM BASE SHELF PROSPECTUS

Tier One Silver Inc. has obtained a receipt for its final short form base shelf prospectus filed with the securities commissions in each of the provinces and territories of Canada.

The filing of the shelf prospectus is intended to provide the company with financing flexibility. Under the shelf prospectus, the company may issue and sell up to, in the aggregate, $100-million of common shares, warrants, subscription receipts, units, debt securities or any combination thereof, from time to time over a 25-month period that the shelf prospectus remains effective. The specific terms of any future offering of securities (if any) will be set forth in a prospectus supplement, which will be filed with the applicable Canadian securities regulatory authorities in connection with any such offering.

Any prospectus supplement filed will contain specific information concerning, among other matters, the securities to be issued and the use of proceeds from any such issuance. There is no certainty that any securities will be offered or sold under the shelf prospectus and any prospectus supplement within the 25-month period that it is effective. A copy of the shelf prospectus and copies of any prospectus supplements that may be filed in the future can be found under the company's SEDAR profile.

About Tier One Silver Inc.

Tier One Silver 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.