Silver Storm Ltd. Announces Reinstatement of Trading on the TSX-V, Project Update and Shareholder Meeting Date

Toronto, Ontario, November 27, 2024: Silver Storm Mining Ltd. (“Silver Storm” or the "Company") (TSX.V: SVRS | OTC: SVRSF | FSE: SVR) is pleased to announce that trading of its common shares will resume on the TSX Venture Exchange ("TSXV") at the opening of the market on Thursday, November 28, 2024. This follows the successful resolution of the cease trade order issued by the British Columbia Securities Commission ("BCSC") on October 15, 2024 and revoked by the BCSC on November 8, 2024.

The Company acknowledges and appreciates the patience of its shareholders and stakeholders during this process and reaffirms its commitment to adhering to high standards of compliance and corporate governance.

Project Update – La Parrilla

The underground diamond drill program at the Company’s 100% owned La Parrilla Silver Complex was completed in October 2024. A total of 18,682 metres (“m”) was drilled during Phase 1 & 2, with 12,265 m reported to-date. Upon completion of the QA/QC as well as interpretation, the additional 6,417 m will be reported over the coming weeks.

The Company has engaged SRK Canada Inc. to prepare a Mineral Resource Update for the project, with completion targeted in January 2025. The favourable drill results from Phase 1 & 2 diamond drilling are expected to have a positive impact on the Mineral Resource Update.

Greg McKenzie, President and CEO, commented: “The successful results achieved from our first diamond drill program at La Parrilla have greatly enhanced our knowledge of the mineralization as well as controlling features and systems.  Furthermore, the high-grade drill results clearly demonstrate that zones previously mined by First Majestic Silver continue down-plunge and along strike.” 

Annual Shareholders' Meeting Announcement

Silver Storm Mining Ltd. is also pleased to announce that its Annual Shareholders' Meeting will be held on January 24, 2025, at 10:00 a.m. EST. Shareholders of record as of December 23, 2024 will be entitled to vote at the meeting. Further details, including the meeting agenda and instructions for participation, will be provided in the Notice of Meeting and Management Information Circular to be sent to shareholders in due course.