Mr. Galen McNamara reports

SILVER47 ANNOUNCES MOGOLLON PROJECT ANNIVERSARY PAYMENT

Subject to final approval from the TSX Venture Exchange, Silver47 Exploration Corp. will issue an aggregate of 56,902 common shares pursuant to two previously entered into amended and restated mining lease agreements entered into with the company's wholly owned subsidiary, Summa Silver Corp. The common shares are being issued at a deemed value of 68.55 cents per common share, being the 20-day volume-weighted average price of the company's common shares as traded on the TSX-V. Such payments represent the fifth of 10 annual payments due pursuant to the amended lease agreements. The amended lease agreements relate to mining claims which form part of the Mogollon project near Silver City, N.M.

Pursuant to the amended lease agreements, the company, through its wholly owned subsidiary, Summa Silver, has agreed to continue to lease certain mining claims which form part of the Mogollon project for a period of 10 years and are renewable in 10-year terms at the company's election. The company must make aggregate cash payments of $99,067 (U.S.) on an annual basis for such period under the amended lease agreements. Such annual payments are indexed to the Production Price Index for Industrial Commodities as published by the U.S. Bureau of Labor Statistics. The company may, in its sole discretion, elect to pay an aggregate of $27,018 (U.S.) (indexed to PPI) of the annual amount payable under the lease agreements by issuing common shares at a deemed value equal to the 20-day volume-weighted average price of the company's common shares as traded on the TSX-V, subject to the maximum discounted market price allowed under the policies of the TSX-V.

About Silver47 Exploration Corp.

Silver47 Exploration is a mineral exploration company, focused on uncovering and developing silver-rich deposits in North America. The company is creating a leading high-grade United States-focused silver developer with a combined resource totalling 236 million ounces silver equivalent at 334 grams per tonne AgEq inferred and 10 million ounces at 333 g/t AgEq indicated. With operations in Alaska, Nevada and New Mexico, Silver47 Exploration is anchored in America's most prolific mining jurisdictions. For detailed information regarding the resource estimates, assumptions and technical reports, please refer to the National Instrument 43-101 technical report and other filings available on SEDAR+. The company trades on the TSX-V under the ticker symbol AGA and on the OTCQX under the ticker symbol AAGAF.

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