Silver Storm Drills 1,000 g/t Ag.Eq Over 5.25 m Identifies 370 m Of Vertical Continuity In San Nicolas Zone

Toronto, Ontario, January 29, 2024: Silver Storm Mining Ltd. (“Silver Storm” or the "Company") (TSX.V: SVRS | OTCQB: SVRSF | FSE: SVR), is pleased to announce further drill results from its Phase 1 diamond drilling program at the Company’s 100% owned La Parrilla Silver Mine Complex, located in Durango Mexico. Results from the seven holes within this release are from the Quebradillas mine.

Key highlights include:

• Hole Q-23-024 intersected the San Nicolas Zone returning 689 g/t Ag.Eq1 over 9.39 metres (“m”) including 1,000 g/t Ag.Eq over 5.25 m from a breccia zone which can be traced 235 m toward the surface, where a 25 m deep artisanal shaft is located.

• This intercept is located approximately 18 m above the last mine development in this area, with similar high-grade mineralization:

- 1921 m EL composited historical channel samples returned 247 g/t Ag.Eq over a strike length of 19 m and width of 1.49 m.

• Hole Q-23-013A intersected the San Nicolas Zone returning 316 g/t Ag.Eq. over 4.09 m including 663 g/t Ag.Eq over 1.00 m and 297 g/t Ag.Eq over 1.58 m.

• Surface mapping has uncovered several similar subparallel zones of interest to the west of San Nicolas with historical surface samples returning greater than 500 g/t Ag.Eq. (La Fe, La Virginia, and La Esperanza Zones).

• High-grade mineralization at San Nicolas commences from surface and has now been traced with continuity to a depth of 370 m.