Mr. Mike Power reports

SILVER RANGE COMPLETES WORK AT TONTO DEL PUEBLO AND PROVIDES PROPERTY OPTION UPDATE

Silver Range Resources Ltd. has provided an update on exploration work in Nevada and property option activity.

In April, Silver Range completed an exploration program at the Tonto del Pueblo property (TDP) in northern Nye County. TDP hosts gold mineralization in several settings with initial samples returning up to 35.4 grams per tonne Au and four out of 10 samples collected during staking returning analyses greater than five g/t Au (Silver Range news release dated Jan. 14, 2022). Silver Range expanded the claim block to 15 claims; sampled numerous workings on the property; and conducted geological mapping, prospecting, alteration mapping and packsack diamond drilling. Analytical results are pending. In late May, Precision Geosurveys Inc. of Langley, B.C., completed airborne total magnetic field and radiometric surveys covering the expanded claim block and surrounding areas.

On May 17, Silver Range signed an amendment with Excalibur Metals Corp. granting Excalibur until Dec. 31, 2023, to fulfill the terms in the definitive agreement covering the Bellehelen property (Silver Range news release dated Dec. 22, 2022). Consideration in the amount of $16,200 (U.S.) was paid to Silver Range.

Technical information in this news release has been approved by Mike Power, MSc, CPG, president and chief executive officer of Silver Range Resources, and a qualified person for the purposes of National Instrument 43-101.

About Silver Range Resources Ltd.

Silver Range is a precious metals prospect generator working in the southwest United States and Northern Canada. It has assembled a portfolio of 45 properties, of which 15 are currently under option to others. Four other properties have been converted to royalty interests. Silver Range is actively seeking other joint venture partners to explore the high-grade precious metals targets in its portfolio.

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