Announcement • Dec 03

Silver Storm Mining Ltd. Announces Drill Results from its Phase 2 Diamond Drilling Program at its 100% Owned La Parrilla Silver Mine Complex, Located in Durango Mexico

Silver Storm Mining Ltd. announced drill results from its Phase 2 diamond drilling program at the Company’s 100% owned La Parrilla Silver Mine Complex, located in Durango Mexico. Results from the 5 holes (1,182 metres (‘m’)) contained within this release are from the Norte-Sur Zone, within the Quebradillas mine. Key highlights include: Numerous high-grade intercepts were encountered within the Norte-Sur Zone up to 180 m beyond the last mined levels where the following channel samples and mining widths were observed: 1749 EL graded 358 g/t Ag.E First Quarter over a strike length of 51 m and an average width of 3.6 m 1737 EL graded 407 g/t Ag.Eq over a strike length of 28 m and an average width of 3.2 m; however, FM had only mined ~50% of this stope when the operation was placed on care & maintenance The current drill results, when combined with historical holes drilled by First Majestic (‘FM’), are expected to have a positive impact on future Mineral Resources. Hole Q-24-040 successfully returned 516 g/t Ag.Eq over 3.00 m, 406 g/t Ag.Eq over 0.50 m, and 592 g/t Ag.Eq over 1.00 m within a broader interval of 302 g/t Ag.Eq over 15.00 m. Hole Q-24-041 intersected 356 g/t Ag.Eq over 1.55 m at the previously interpreted northwestern boundary of the Norte-Sur Zone which highlights the potential for expansion of the zone along strike in this direction. Hole Q-24-042 returned 299 g/t Ag.Eq over 4.30 m including 914 g/t Ag.Eq over 0.50 m and 655 g/t Ag.Eq over 0.60 m. Prior to reaching the Norte-Sur target, this hole intersected 4.50 g/t Au over 1.00 m. Another gold-rich zone was also intersected further down the hole returning 4.56 g/t Au over 1.39 m. Hole Q-24-043 successfully intersected 287 g/t Ag.Eq over 6.60 m, including 523 g/t Ag.Eq over 1.58 m and 397 g/t Ag.Eq over 1.00 m and 491 g/t Ag.Eq over 0.55 m. These high-grade intersections, located approximately 180 m below the last mined area within the Norte-Sur Zone, demonstrate the potential for resource expansion at depth. The Norte-Sur Zone (NS) is a fault-vein hosted in the limestone and granodiorite stock with replacement bodies developed in the footwall and hanging wall. It strikes northwest and dips 71° to the northeast (315/71) over a known strike length of 125 m. The mineralization extends vertically for 565 m and its true width varies up to 5 m. The last two levels developed at depth on the Norte-Sur Zone returned the following composited weighted average grades from historical channel samples, which are representative of the mineralization mined from this area: 1749 EL graded 358 g/t Ag.Eq over a strike length of 51 m and an average width of 3.6 m 1737 EL graded 407 g/t Ag.Eq over a strike length of 28 m and an average width of 3.2 m; however, FM had only mined ~50% of this stope when the operation was placed on care & maintenance. Holes Q-24-040, Q-24-041, Q-24-042: Three infill holes were designed to demonstrate vertical continuity between holes Q-23-007 (324 g/t Ag.Eq over 8.72 m, including 436 g/t Ag.Eq over 4.46 m) and ILP-Q-18-50 (479 g/t Ag.Eq over 3.85 m including 564 g/t Ag.Eq over 2.90 m), as well as expand the current boundary of Indicated Resources ~100 m down-dip. The three holes are located approximately 135 m below the last mined level in Norte-Sur. Hole Q-24-040 successfully returned 516 g/t Ag.Eq over 3.00 m, 406 g/t Ag.Eq over 0.50 m, and 592 g/t Ag.Eq over 1.00 m within a broader interval of 302 g/t Ag.Eq over 15.00 m (186.60 to 201.60 m) – table 1; figure 2. Hole Q-24-041 intersected 356 g/t Ag.Eq over 1.55 m (207.90 to 209.45 m) at the previously interpreted northwestern boundary of the Norte-Sur Zone which highlights the potential for expansion of the zone along strike in this direction. Hole Q-24-042 returned 299 g/t Ag.Eq over 4.30 m (207.00 to 211.30 m), including 914 g/t Ag.Eq over 0.50 m and 655 g/t Ag.Eq over 0.60 m. Prior to reaching the Norte-Sur target, this hole intersected 4.50 g/t Au over 1.00 m (167.05 to 168.05 m). Another gold-rich zone was also intersected further down the hole returning 4.56 g/t Au over 1.39 m (228.45 to 229.84 m). Hole Q-24-043 was designed to test the Norte Sur Zone at depth, successfully intersecting 287 g/t Ag.Eq over 6.60 m (242.40 to 249.00 m), including 523 g/t Ag.Eq over 1.58 m and 397 g/t Ag.Eq over 1.00 m and 491 g/t Ag.Eq over 0.55 m. Although the widths appear to be narrowing at depth, the shallow angle of this hole to the zone (20-30 degrees) prevented it from obtaining an adequate cross-section of the mineralization. More importantly, these high-grade intersections, located approximately 180 m below the last mined area within the Norte-Sur Zone, demonstrate the depth extension of the mineralization which remains open at depth. The vertical continuity established by hole Q-24-043 should allow for expansion of Inferred Resources to depth. Q-24-043 is one of the deepest holes drilled to date within the Quebradillas mine (~600 m vertical depth from surface) exhibiting the potential to expand mineralization at depth within all zones in the mine. Silver Storm uses a quality assurance/quality control (QA/QC) program that monitors the chain of custody of samples and includes the insertion of blanks, duplicates, and reference standards in each batch of samples sent for analysis. The drill core is photographed, logged, and cut in half, with one half retained in a secured location for verification purposes and one half shipped for analysis. Sample preparation (crushing and pulverizing) is performed at ALS Geochemistry, an independent ISO 9001:2001 certified laboratory, in Zacatecas, Mexico and pulps are sent to ALS Geochemistry in Vancouver, Canada for analysis. The entire sample is crushed to 70% passing -2 mm, and a riffle split of 250 grams is taken and pulverized to better than 85% passing 75 microns. Samples are analyzed for gold using a standard fire assay with Atomic Absorption Spectrometry (AAS) (Au-AA23) from a 30-gram pulp. Gold assays greater than 10 g/t are re-analyzed on a 30-gram pulp by fire assay with a gravimetric finish (Au-GRA21). Samples are also analyzed using a 34 element inductively coupled plasma (ICP) method with atomic emission spectroscopy (AES) on a pulp digested by four acids (ME-ICP61). Overlimit sample values for silver (>100 g/t), lead (>1%), zinc (>1%), and copper (>1%) are re-assayed using a four-acid digestion overlimit method with ICP-AES (ME-OG62). For silver values greater than 1,500 g/t, samples are re-assayed using a fire assay with gravimetric finish on a 30-gram pulp (Ag-GRA21). Samples with lead values over 20% are re-assayed using volumetric titration with EDTA on a 1-gram pulp (Pb-VOL70).

Announcement • Nov 20

Silver Storm Mining Ltd. Announces Several Intercepts > 1,000 G/T Ag.Eq from the La Estrella Zone

Silver Storm Mining Ltd. announce further drill results from its Phase 2 diamond drilling program at the Company’s 100% owned La Parrilla Silver Mine Complex, located in Durango Mexico. Results from the nine holes contained within this release are from the La Estrella Zones and San Rafael Zones in the Quebradillas mine. - This high-grade intercept is located ~25 m below a previously mined stope Hole Q-24-031 returned 2,495 g/t Ag.Eq over 0.40 m and 640 g/t Ag.Eq over 1.56 m within a broader interval of 382 g/t Ag.Eq over 3.50 m from the interpreted intersection of the VES-A, Quebradillas Bajo, and C1524 Zones. - These high-grade intercepts are located ~10 m to the east of a previously mined stope Hole Q-24-035 returned 1,313 g/t Ag.Eq over 0.50 m and 502 g/t Ag.Eq over 0.50 m within a broader interval of 361 g/t Ag.Eq over 5.00 m from the VES Zone and 1,019 g/t Ag.Eq over 0.90 m within a broader interval of 422 g/t Ag.Eq over 4.36 m from the interpreted intersection of the VES-B and Quebradillas Zones. - These high-grade intercepts are located ~80 m above a previously mined stope Hole Q-24-036 returned 1,690 g/t Ag.Eq over 0.50 m within a broader interval of 333 g/t Ag.Eq over 5.75 m from the VES-A Zone. - This high-grade intercept is located ~80 m above a previously mined stope Hole Q-24-038 returned 1,248 g/t Ag.Eq over 1.12 m within a broader interval of 482 g/t Ag.Eq over 8.19 m from the VSR Zone. - This high-grade intercept is located ~40 m to the La Estrella ZoneThe La Estrella Zone is a sulphide-bearing hydrothermal breccia within a fault striking 274 degrees and dipping 80 degrees to the south over an approximate strike length of 225 m. There are two sub-parallel splay zones VES-A and VES-B which branch off the main zone. Prior to placing the mine on care and maintenance (Q4-2019) FM successfully mined one level in the VES Zone with excellent results – the composited weighted average grade of historical channel samples within the 1967 EL Stope returned 584 g/t Ag.Eq over a strike length of 71 m and average width of 1.89 m. Results from holes Q-23-029A to Q-24-039 (11 holes), when combined with historical holes in proximity, have identified a high-grade mineralized zone over a vertical extent of 175 m, strike length of 225 m, and true width varying up to 6 m. Hole Q-24-031 successfully intersected the interpreted intersection of the VES-A, Quebradillas Bajo, and C1524 Zones returning 2,495 g/t Ag.Eq over 0.40 m (41.30 to 41.70 m) and 640 g/t Ag.Eq over 1.56 m within a broader interval of 382 g/t Ag.Eq over 3.50 m (45.00 to 48.50 m) approximately 10 m along strike to the east of a previously mined VES stope at 1967 EL. The composited weighted average grade of historical channel samples from the 1967 EL VES stope is 584 g/t Ag.Eq over a strike length of 71 m and an average width of 1.89 m. Hole Q-24-035 returned 1,313 g/t Ag.Eq over 0.50 m and 502 g/t Ag.Eq over 0.50 m within a broader interval of 361 g/t Ag.Eq over 5.00 m (101.90 to 106.90 m) from the VES Zone and 1,019 g/t Ag.Eq over 0.90 m within a broader interval of 422 g/t Ag.Eq over 4.36 m (125.60 to 129.96 m) from the interpreted intersection of the VES-B and Quebradillas Zones. These intercepts lie approximately 80 m above the previously mined VES stope at 1967 EL. Hole Q-24-036 returned 1,690 g/t Ag.Eq over 0.50 m within a broader interval of 333 g/t Ag.Eq over 5.75 m (95.40 to 101.15 m) from the VES-A Zone. This intercept lies approximately 80 m above the previously mined VES stope at 1967 EL. Hole Q-24-039 returned 1,546 g/t Ag.Eq over 0.49 m, 2,550 g/t Ag.Eq over 0.50 m, and 1,034 g/t Ag.Eq over 0.94 m within a broader interval of 768 g/t Ag.Eq over 7.26 m (32.74 to 40.00 m) from the interpreted intersection of the VES and VSR Zones. This intercept lies approximately 25 m below the previously mined VES stope at 1956 EL. The composited weighted average grade of historical channel samples from the 1956 EL VES stope is 367 g/t Ag.Eq over a strike length of 33 m and an average width of 1.57 m. Hole Q-24-032 returned 178 g/t Ag.Eq over 0.50 m (61.65 to 62.15 m) from the VES-A Zone and 445 g/t Ag.Eq over 0.50 m (80.38 to 80.88 m) from the VES-B Zone. Hole Q-24-033 returned 149 g/t Ag.Eq over 0.50 m (108.65 to 109.15 m) from the VES Zone and 203 g/t Ag.Eq over 4.20 m (136.80 to 141.00 m) from the VES-B Zone approximately 100 m above the previously mined VES stope at 1967 EL. As was previously reported in the Company’s news release dated May 7, 2024, hole Q-23-029A returned 321 g/t Ag.Eq over 7.50 m (57.80 to 65.30 m) including 463 g/t Ag.Eq over 1.12 m and 708 g/t Ag.Eq over 1.38 m from the VES Zone approximately22 m above the previously developed 1967 EL VES stope and 376 g/t Ag.Eq over 3.93 m (46.12 to 50.05 m) including 811 g/t Ag.Eq over 1.01 m from the VES-A Zone. Hole Q-23-030 returned 455 g/t Ag.Eq over 4.13 m (103.61 to 107.74 m) including 1,617 g/t Ag.Eq over 0.60 m from the VE S Zone approximately 87 m above the previously developed 1967 EL VES stope. San Rafael ZoneThe San Rafael Zone is a sulphide-bearing tectonic breccia zone striking 299 degrees and dipping 68 degrees to the north-northeast with a known strike length of approximately 120 m. The zone is mineralized over a known vertical extent of 80 m and its true width varies up to 7.5 m. Drill results from holes Q-23-027 and 028 were previously reported in the Company’s news release dated May 7, 2024. Hole Q-24-038 returned 1,248 g/t Ag.Eq over 1.12 m within a broader interval of 482 g/t Ag.Eq over 8.19 m (37.55 to 45.74 m). This intercept lies approximately 40 m along strike to the east of the previously mined VSR stope at 1945 EL. The composited weighted average grade of historical channel samples from the 1945 EL VSR stope is 930 g/t Ag.Eq over a strike length of 11 m and an average width of 2.28 m. As mentioned previously, hole Q-24-039 returned 1,546 g/t Ag.Eq over 0.49 m, 2,550 g/t Ag.Eq over 0.50 m, and 1,034 g/t Ag.Eq over 0.94 m within a broader interval of 768 g/t Ag.Eq over 7.26 m (32.74 to 40.00 m) from the interpreted intersection of the VES and San VSR Zones. This intercept lies approximately 10 m below the previously mined VSR stope at 1945 EL. Hole Q-24-032 returned 378 g/t Ag.Eq over 0.80 m (88.35 to 89.15 m) and 243 g/t Ag.Eq over 0.50 m (101.55 to 102.05 m) from the VSR Zone. These intercepts lie approximately 36 m along strike to the east of the previously mined VSR stope at 1958 EL. The composited weighted average grade of historical channel samples from the 1958 EL VSR stope is 259 g/t Ag.Eq over a strike length of 36 m and an average width of 1.35 m.

Interest coverage ratio	n/a
Cash	CA$8.82m
Equity	CA$58.26m
Total liabilities	CA$35.30m
Total assets	CA$93.55m

Data	Last Updated (UTC time)
Company Analysis	2026/09/21 08:25
End of Day Share Price	2026/09/21 00:00
Earnings	2026/06/30
Annual Earnings	2026/03/31

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

Silver Storm Mining Balance Sheet Health

Financial Health criteria checks 4/6

Key information

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Recent updates

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Valuation Update (July 2026)

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Silver Storm Mining Ltd. Announces 107% Increase in Indicated Mineral Resources At La Parrilla

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Silver Storm Mining Ltd. Announces Drill Results from Its Phase 2 Diamond Drilling Program At the Company's 100% Owned La Parrilla Silver Mine Complex, Located in Durango Mexico

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Silver Storm Mining Ltd. Announces Results from the Phase 2 Diamond Drill Program At the 100% Owned La Parrilla Silver Mine Complex, Located in Durango Mexico

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Silver Storm Mining Ltd. Announce Further Drill Results from Its Phase 1 Diamond Drilling Program At the 100% Owned La Parrilla Silver Mine Complex, Located in Durango Mexico

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