Mr. Greg McKenzie reports

SILVER STORM ANNOUNCES MOBILIZATION OF UNDERGROUND MINE DEVELOPMENT CONTRACTORS AT LA PARRILLA

Silver Storm Mining Ltd. is mobilizing underground mine development contractors at the company's 100-per-cent-owned past-producing La Parrilla silver mine complex, located in Durango state, Mexico.

Silver Storm engaged MINPRO S.A. de C.V. and Constructora Mexgeo S. de R.L. de C.V. (Mexgeo) to provide contract underground mine development services at La Parrilla. The mobilization of MINPRO and Mexgeo is continuing and expected to be completed by the end of May, 2026.

Greg McKenzie, president and chief executive officer, stated: "We are excited to have engaged two very experienced mine development contractor companies with strong operational track records in Mexico to provide services at La Parrilla. Mobilization of these contractors is a key step toward a potential restart of operations at La Parrilla in the second quarter of 2026."

Contractor overview: MINPRO and Mexgeo are well-established Mexican mining contractor firms supporting gold, silver and polymetallic operations across Mexico's principal producing regions.

MINPRO, founded in 2008 and headquartered in Chihuahua, provides underground and open-pit development, drilling, blasting and haulage services. MINPRO is recognized for its strong safety performance, engineering discipline and reliable execution, supported by an integrated equipment fleet and a technically trained work force. MINPRO's operational scale and project delivery record position it as a stable partner for long-term mine development programs.

Mexgeo, founded in 2011 and based in Torreon, Coahuila, delivers underground development, exploration support and civil works supported by a technically experienced team with deep mining industry tenure. Mexgeo emphasizes disciplined project management, value-driven execution and safety, offering an integrated service model that supports sustainable and efficient mine development.

Together, MINPRO and Mexgeo bring complementary technical capabilities and a proven operational record to the restart program at La Parrilla.

Qualified person

The scientific and technical information in this document has been reviewed and approved by Shane Ghouralal, PEng, director, technical services of the company, a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Silver Storm Mining Ltd.

Silver Storm holds advanced-stage silver projects located in Durango, Mexico. Silver Storm is committed to advancing toward a potential near-term restart of its 100-per-cent-owned La Parrilla silver mine complex, a prolific operation comprising a 2,000-tonne-per-day mill and three underground mines. The company also holds a 100-per-cent interest in the San Diego project, which ranks among the largest undeveloped silver projects in Mexico.

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