Mr. Mike Power reports

SILVER RANGE RESOURCES EXTENDS THE CLOSING OF THE FINAL TRANCHE OF PRIVATE PLACEMENT

In regard to the placement originally announced Aug. 30, 2023, Silver Range Resources Ltd. has been advised by the TSX Venture Exchange that the exchange has no objection to Silver Range closing the final tranche of the private placement on or before Jan. 12, 2024. An initial tranche of 825,000 units ($82,500) closed on Oct. 10, 2023, and the financing remains open. Silver Range is offering up to an additional 5,175,000 units at a price of 10 cents per unit, with each unit consisting 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 two years from closing, provided that 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 the final tranche will be used to finance further exploration in the southwestern United States and for working capital purposes.

About Silver Range Resources Ltd.

Silver Range is a precious metals prospect generator working in Nevada, Arizona and Northern Canada. It has assembled a portfolio of 44 properties, 14 of which are currently optioned to others. Four other projects 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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