Mr. Michael Power reports

SILVER RANGE RESOURCES LTD. ANNOUNCES PROPOSED ISSUANCE OF SHARES FOR SERVICES

Silver Range Resources Ltd. intends to issue a total of 236,436 shares to Paladin Geoscience Corp., a private company controlled by Michael Power, Silver Range's president and chief executive officer, pursuant to a shares for services agreement.

The proposed share issuance, which is subject to TSX Venture Exchange acceptance, is in partial consideration for geological consulting services provided to Silver Range by Paladin during the period April 1, 2023, through Sept. 30, 2023. The shares are to be issued at deemed prices per share ranging from 7.44 cents to 9.63 cents, being the market prices of Silver Range's shares as traded on the exchange as calculated at the end of each month in which such services were provided, minus 50 per cent of the discount permitted under applicable Exchange policies. All consulting fees not paid for the issuance of Silver Range shares are paid in cash.

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.

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