Silver Storm Closes Additional Tranche of its Non-Brokered Private Placement Offering including Participation by First Majestic Silver Corp.

Toronto, Ontario, February 3, 2025: Silver Storm Mining Ltd. (“Silver Storm” or the "Company") (TSX.V: SVRS | FSE: SVR), is pleased to announce that on January 30, 2025, the Company closed an additional tranche (“Tranche”) of the non-brokered private placement offering (the “Offering”) of units (each, a “Unit”) previously announced on December 5, 2024. Under this Tranche of the Offering, 23,951,999 Units were issued at a price of $0.09 per Unit for aggregate gross proceeds of $2,155,680. This Tranche included a $1,500,000 investment from current significant shareholder First Majestic Silver Corp. (“FM”). In total under the Offering, the Company raised total gross proceeds of $3,446,100.