Silver Storm Announces Closing of Second and Final Tranche of Oversubscribed non-Brokered Private Placement Offering, Including $3 Million Investment By Eric Sprott

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Toronto, Ontario, April 11, 2024: Silver Storm Mining Ltd. (“Silver Storm” or the "Company") (TSX.V: SVRS | FSE: SVR), is pleased to announce that on April 10 the Company closed the second and final tranche (the “Second Tranche”) of its previously announced and oversubscribed non-brokered private placement offering (the “Offering”) (see news releases dated March 13, 2024, April 2, 2024, April 5, 2024 and April 9, 2024). Under the Second Tranche, the Company issued 42,114,091 units of the Company (each, a “Unit”) at a price of $0.11 per Unit for gross proceeds of $4,632,550. In aggregate under the Offering, the Company issued 55,454,546 Units at a price of $0.11 per Unit for gross proceeds of $6,100,000. The Second Tranche included a $3.0 million investment from current significant shareholder by Eric Sprott.