Silver Hammer Mining CNSX:HAMR Stock Report

Silver Hammer Mining Corp. Reports on Drilling Progress At the Silver Strand Project in Idaho

Silver Hammer Mining Corp. announced that the first drillhole of an 11-hole Phase II diamond drill program ("Phase II Drill Program”) has been completed at its past-producing Silver Strand Project in Idaho. The Phase II Drill Program, which is utilizing the Company’s established underground drilling station, is focused on expanding known silver-gold mineralization further down-dip, while also testing the potential for additional mineralized chutes. The Company has generated priority targets based on a drone supported magnetic survey, Phase I drilling results, and the integration of historical drilling data acquired from previous operators of the Silver Strand Project. NISS, the Company’s drilling contractor, has begun drilling and successfully finished the first hole. Approximately 1,100 meters of drilling is currently planned with ability to expand the program depending on core observations and initial assay results. Silver Hammer continues to use the Company’s underground drilling station to deliver much better ROI per metre drilled. The Phase II Drill Program is expected to last approximately seven weeks, with assay results to follow during fourth quarter of 2022.

Silver Hammer Commences Induced Polarization Survey at Silver Strand Project in Idaho

Silver Hammer Mining Corp. announced that it has commenced an induced polarization ("IP") resistivity survey at its past-producing Silver Strand Project in Idaho. The IP/Resistivity technology can identify silicified quartz-hosted, sulfide-rich silver and gold mineralization up to 200 metres depth. The survey is intended to track the known mineralized zone laterally, as well as to search for parallel mineralized zones and will run concurrent with the upcoming drill program, which is expected to commence before the end of July. The survey lines will extend 1.3 kilometres in length and data will be collected at 100 metre spaced stations with survey lines spaced 200 metres apart. The survey will be conducted by Big Sky Geophysics, and the data collected from the survey will be used in concert with data collected from a recent drone-supported magnetic survey to assess and enhance both underground and surface targets. Qualified Person Technical aspects of this press release have been reviewed and approved by Philip Mulholland, a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists, a contractor of the Company and the designated Qualified Person (QP) under National Instrument 43-101.

Silver Hammer Mining Corp. Engages Drilling Contractor for Near-Term Drill Program at Silver Strand Project in Idaho

Silver Hammer Mining Corp. announced plans to begin an 11-hole phase II diamond drill program from the company's established underground drilling station, before the end of July at its past-producing silver strand project in Idaho. The phase II drill program will focus on expanding the known silver-gold zone down-dip and will also assess the potential for additional mineralized chutes. Targets for this program are based on exploration work performed by Silver Hammer in 2021, including a drone supported magnetic survey, phase I drilling, as well integration of drilling data acquired from previous owners of the silver strand project.

Silver Hammer Mining Corp. announced that it expects to receive CAD 3.000024 million in funding

Silver Hammer Mining Corp. Purchases Strategic California Mine Patent Claim and Reports up to 1290 g/t Silver and 7.7% Copper from Spring Sampling Program at its Eliza Silver-Gold Project in Nevada

Silver Hammer Mining Corp. reported high-grade silver assay results obtained during an early phase of exploration at the Company's Eliza Project ("Eliza" or the "Project") in Nevada, plus the acquisition of the California Patent ("the Patent"), a strategic claim within the Project area. Silver Hammer recently completed the purchase of the strategic California Mine Patent claim, which is located entirely within the Eliza Project claim block. The Patent covers an area of 4.6 acres and includes the past-producing California Mine (Figure 1). A spring sampling program collected a total of 25 rock chip and grab samples from sites in the northern sector of Eliza, which includes the newly acquired California Mine area. Analytical results derived from these samples confirm the existence of high-grade silver ("Ag") mineralization, and the presence of significant concentrations of copper ("Cu"), lead ("Pb") and zinc ("Zn") associated with the silver. Ongoing field work at Eliza includes soil sampling and geological mapping. A program of geophysical surveying is planned to commence in Q2-Q3, 2022. Results of the geochemical and geophysical surveys will be used to define priority drill targets ahead of an initial phase of drilling at the Project. The geological setting at Eliza is similar to that of other mines in the area. District-scale folding of Middle Paleozoic limestone and shale formations appears to have formed open- space fault and fracture zones which channeled mineralizing fluids through chemically receptive host rocks, specifically the Devonian Guillmette and Joana Limestone formations. The spring sampling program done at and around the historic mines found on the Eliza Project has shown that the replacement-style mineralized zones in limestone exist along axial planar faults and fracture zones and commonly weather into resistant ridges.