Silver Storm Adds Second Drill Rig and Commences Phase 2 Drill Program at La Parrilla

Toronto, Ontario, June 3, 2024: Silver Storm Mining Ltd. (“Silver Storm” or the "Company") (TSX.V: SVRS | OTCQB: SVRSF | FSE: SVR), is pleased to announce that the company has added a second drill rig at the 100% owned La Parrilla Silver Mine Complex (“La Parrilla”), located in Durango, Mexico, and has commenced Phase 2 of the diamond drill program.

Key highlights include:

• Two underground drill rigs now on-site and operational at La Parrilla

• The Phase 2 diamond drill program will be completed over the next three months following up on the initial holes drilled with the aim of converting inferred mineralization to indicated

-        7,500 metres (“m”) of drilling planned

• Phase 1 of the drill program was completed with 69 drill holes (8,868 m) completed to date

-        assays from 16 holes are pending from the San Marcos Mine

• Quebradillas Mine drill results have achieved key successes in each of the zones explored, highlighted by holes Q-23-020 which returned 1,810 g/t Ag.Eq1 over 14.62 m and hole Q-23-022A which returned 911 g/t Ag.Eq over 13.05 m

• Rosarios Mine drill results encountered several intersections of high-grade mineralization outside the current resource envelope including:

-        Hole RO-24-15 returned 598 g/t Ag.Eq over 3.91 m including 1,170 g/t over 0.50 m and 1,071 g/t Ag.Eq over 1.87 m

-        Hole RO-24-022A returned 900 g/t Ag.Eq over 0.97 m within a broader interval of 682 g/t Ag.Eq over 1.47 m (135 m below the last mined stope)

-        Hole RO-24-012 returned 338 g/t Ag.Eq over 1.97 m (95 below last mined stope)

-        A new mineralized zone identified in Eastern Rosarios with hole RO-24-007 returning 605 g/t Ag.Eq over 0.31 m and RO-24-009 returning 889 g/t Ag.Eq over 0.44 m and 468 g/t Ag.Eq over 0.44 m