Mr. Mike Power reports

SILVER RANGE RESOURCES LTD. ANNOUNCES PRIVATE PLACEMENT

Silver Range Resources Ltd. has arranged a non-brokered private placement of up to six million units at a price of 10 cents per unit for total proceeds of up to $600,000. Each unit will consist of one common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of 15 cents for a period of two years from the closing of the placement. In the event the closing market price of Silver Range's shares is equal to or greater than 20 cents for a period of 10 consecutive trading days subsequent to the expiry of the statutory hold period, Silver Range will have the right to provide all warrantholders with notice that the expiry date for the warrants has been shortened to 30 calendar days from the giving of such notice.

The proceeds from this private placement will be used to finance further exploration in the southwestern United States and for working capital purposes. The placement is expected to close in one or more tranches by Sept. 29, 2023, and is subject to regulatory acceptance.

About Silver Range Resources Ltd.

Silver Range is a precious metals prospect generator working in the southwestern United States and Northern Canada. It has assembled a portfolio of 42 properties, 14 of which are currently optioned to other companies. Four other projects have been converted to royalty interests. Silver Range is actively seeking parties interested in exploring the high-grade precious metals targets in its portfolio.

We seek Safe Harbor.