Silver Storm Announces Non-Brokered Private Placement Offering of Up To $2.0 Million

Toronto, Ontario, December 5, 2024: Silver Storm Mining Ltd. (“Silver Storm” or the "Company") (TSX.V: SVRS | FSE: SVR), announces its intention to complete a non-brokered private placement offering of up to 22,222,222 units of the Company (“Units”) at a price of $0.09 per Unit (the “Issue Price”) for gross proceeds of up to $2,000,000 (the "Offering"). The Company reserves the right to increase the size of the Offering, subject to the approval of the TSX Venture Exchange ("TSXV”).

Each Unit will consist of one common share of the Company (a "Common Share") and one common share purchase warrant (a "Warrant").  Each Warrant shall be exercisable to acquire one (1) additional Common Share at an exercise price of $0.16 until thirty-six (36) months from the date of issuance (the “Expiry Date”).

The Company intends to use the net proceeds from the Offering to complete its upcoming NI 43-101 resource statement and for general corporate and working capital purposes.