Mr. Gregory Lytle reports

SILVER DOLLAR DISCOVERS NEW MINERALIZED ZONE AT THE NORA SILVER-GOLD PROJECT AND RECEIVES DRILL PERMIT

Silver Dollar Resources Inc. has released the latest surface sample assay results and received a drill permit for its 100-per-cent-owned Nora property in the state of Durango, Mexico.

A new zone of mineralization named North Canyon has been discovered 1,500 metres (m) north, and along strike from the historic Candy mine, and 950 m north of previously reported sampling (see news release of April 16, 2024).

Channel sampling of the Candy vein projection returned assays of 162 grams per tonne (g/t) silver equivalent (AgEq) over 12.48 metres within an oxidation zone over 100 m wide. Mineralization appears to be widely disseminated, with strong iron oxidation and manganese pervasive in the zone and locally concentrated along fractures of multiple orientations. Trace concentrations of galena have been identified within the oxide zone. Outcrop is only partially exposed along an old road cut, and in small pits. Three areas were contiguously channel sampled as if they were trenches, with average assays as follows.

Procedure, quality assurance/quality control and data verification

All rock samples were collected, described, photographed and bagged on site. The samples were delivered by Silver Dollar staff to ActLabs in Zacatecas, Mexico, for analysis. ActLabs is ISO 9001:2015 certified. Soil samples were screened to negative 80 mesh at the lab, prior to analysis. Gold is analyzed by a 30-gram fire assay with AA (atomic absorption spectroscopy) finish, then gravimetric finish if greater than 10 parts per million gold. Silver and 34 other elements were analyzed using a four-acid digestion with an ICP-OES (inductively coupled plasma optical emission spectroscopy) finish. Silver, lead, zinc and copper overlimits were reassayed using an ore-grade four-acid digestion with ICP-AES (inductively coupled plasma atomic emission spectroscopy) finish. Control samples comprising certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the company's quality assurance and quality control protocol.

"We are encouraged by the discovery of the most widespread mineralization found to date on the Nora property," said Greg Lytle, president of Silver Dollar. "We have mobilized a crew to begin follow-up trenching, sampling and detailed mapping of the North Canyon zone. The objective is to expand on and gain a better understanding of this new zone of disseminated mineralization."

The drill permit Silver Dollar received is valid for three years. It allows for the repair of access roads and the building of up to 18 drill pads on the property. The company expects to provide a detailed drilling plan when priority targets have been identified and fully delineated.

About the Nora property

Silver Dollar acquired a 100-per-cent interest in the Nora Ag-Au (silver-gold) property from Canasil Resources, subject to a 2-per-cent net smelter returns royalty (see news release of Feb. 8, 2024).

Located in the Eastern Sierra Madre subprovince in the transition to the high plateau of Mexico, the property lies centrally within the silver trend that runs from the northwest to the southeast through Durango state. Significant deposits in the region include Endeavour Silver's Guanacevi mine and Fresnillo's San Julian mine on trend to the northwest, with Endeavour Silver's Pitarrilla project approximately 50 kilometres (km) to the east. Pitarrilla is one of the largest undeveloped silver deposits in the world and was discovered by Perry Durning and Frank (Bud) Hillemeyer, Silver Dollar's technical advisers.

The property is located approximately 200 km north-northwest of the city of Durango, with excellent year-round access via federal highway, paved road and local dirt roads. Local infrastructure is available in the towns of Tepehuanes and Santa Maria del Oro and the city of Santiago Papasquiaro, all within 50 km of the property.

Dale Moore, PGeo, an independent qualified person (QP) as defined in National Instrument 43-101, has reviewed and approved the technical contents of this news release on behalf of the company. The QP and the company have not completed sufficient work to verify the information on the Nora property, particularly regarding historical exploration, neighbouring companies and government geological work.

About Silver Dollar Resources Inc.

Silver Dollar is a dynamic mineral exploration company focused on two of North America's premier mining regions: Idaho's prolific Silver Valley and the Durango-Zacatecas silver-gold belt. The company's portfolio includes the advanced-stage Ranger-Page and La Joya projects, as well as the early stage Nora project. The company's financial backers include renowned mining investor Eric Sprott, the company's largest shareholder. Silver Dollar's management team is committed to an aggressive growth strategy and is actively reviewing potential acquisitions with a focus on drill-ready projects in mining-friendly jurisdictions.

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