SILVER STORM MINING LTD - SVRSF STOCK NEWS

Silver Storm Mining (TSX.V: SVRS, OTCQB: SVRSF, FSE: SVR) provides a bi-weekly update on its management cease trade order (MCTO). Issued on July 30, 2024, by the British Columbia Securities Commission (BCSC), the MCTO followed the company's inability to file its annual financial statements and related documents for the year ended March 31, 2024, by the July 29, 2024 deadline. The delay also affected its interim filings due August 29, 2024. The BCSC has extended the deadline for annual filings to October 11, 2024, and the company expects to complete interim filings within five business days thereafter. The MCTO will remain until two business days after all required filings are submitted. The MCTO does not restrict public trading of the company's securities. Silver Storm confirms there are no material changes to the previous announcement and no insolvency proceedings.

Silver Storm Mining (TSX.V: SVRS | OTCQB: SVRSF | FSE: SVR) announces an extension to its management cease trade order (MCTO) granted by the British Columbia Securities Commission. The MCTO, initially issued on July 30, 2024, has been extended from September 27, 2024, to October 11, 2024. This extension is due to delays in filing the company's annual financial statements and related documents for the year ended March 31, 2024, as well as the subsequent delay in filing the interim financial statements for the quarter ended June 30, 2024.

The delay is attributed to complexities associated with the acquisition of the La Parrilla assets. The MCTO restricts trading by the company's CEO and CFO but does not affect other shareholders. Silver Storm confirms its commitment to satisfying the Alternative Information Guidelines and will continue to issue bi-weekly default status reports.

Silver Storm Mining (TSX.V: SVRS | OTCQB: SVRSF | FSE: SVR) has provided a bi-weekly update on its management cease trade order (MCTO) issued on July 30, 2024, by the British Columbia Securities Commission. The company is unable to file its annual and interim financial statements due to complexities associated with the acquisition of La Parrilla assets. The BCSC has given Silver Storm until September 27, 2024 to complete its Annual Filings, with Interim Filings expected within five business days thereafter.

The MCTO does not affect public trading of the company's securities. Silver Storm confirms no material changes to the information in the Default Announcement and continues to satisfy the Alternative Information Guidelines set out in NP 12-203. The company has no anticipated specified default beyond the current filing delay and confirms there are no insolvency proceedings against it.

Silver Storm Mining (TSX.V: SVRS | OTCQB: SVRSF | FSE: SVR) has provided a bi-weekly update on its management cease trade order (MCTO) issued on July 30, 2024. The company is delayed in filing its annual financial statements and interim financial statements due to complexities associated with the La Parrilla assets acquisition. The British Columbia Securities Commission has extended the deadline for Annual Filings to September 27, 2024, which the company expects to meet. Interim Filings are anticipated within five business days of completing the Annual Filings. The MCTO does not affect public trading of the company's securities. Silver Storm confirms no material changes since the initial announcement and continues to comply with Alternative Information Guidelines.

Silver Storm Mining (TSX.V: SVRS | OTCQB: SVRSF | FSE: SVR) announces its participation in the 2024 Precious Metals Summit in Beaver Creek, Colorado, from September 10-13, 2024. This exclusive, invitation-only event brings together institutional investors, sell-side representatives, and corporate executives from the precious metals industry.

Greg McKenzie of Silver Storm will present on Tuesday, September 10 at 3:00 p.m. (MT) in Room 2, highlighting the company's recent achievements and future plans. The management team will also be available for meetings with investors and attendees throughout the summit.

The Precious Metals Summit is a leading independent investment conference focused on explorers, developers, and emerging producers of gold, silver, and platinum group metals, featuring nearly 200 carefully selected, high-potential issuers from the global mining and mineral exploration sectors.

Silver Storm Mining (TSX.V: SVRS | OTCQB: SVRSF | FSE: SVR) has provided a bi-weekly update on its management cease trade order (MCTO) issued by the British Columbia Securities Commission. The company is unable to file its annual financial statements and related documents for the year ended March 31, 2024, by the July 29, 2024 deadline. This delay is due to complexities associated with the acquisition of La Parrilla assets. The BCSC has extended the filing deadline to September 27, 2024. Additionally, the interim financial statements for the quarter ended June 30, 2024, will also be delayed. Silver Storm expects to file these documents within five business days of completing the annual filings. The company confirms it is complying with the Alternative Information Guidelines and will continue to issue bi-weekly status updates.

Silver Storm Mining has announced high-grade drill results from its Phase 2 diamond drilling program at the La Parrilla Silver Mine Complex in Durango, Mexico. The results focus on the Rosarios and San Carlos Zones within the Rosarios mine. Key highlights include:

- Hole RO-24-028: 1,306 g/t Ag.Eq over 1.60 m within 887 g/t Ag.Eq over 2.54 m
- Hole RO-24-015: 1,791 g/t Ag.Eq over 0.35 m within 711 g/t Ag.Eq over 1.03 m
- Hole RO-24-032A: 731 g/t Ag.Eq over 1.40 m within 305 g/t Ag.Eq over 5.60 m
- Hole RO-24-034: Multiple high-grade intercepts, including 1,085 g/t Ag.Eq over 0.50 m

The results are expected to have a positive impact on future Mineral Resources, extending high-grade mineralization up to 128 m below previously identified resources.

Silver Storm Mining (TSX.V: SVRS | OTCQB: SVRSF | FSE: SVR) has provided a bi-weekly update on its management cease trade order (MCTO) issued on July 30, 2024. The company is unable to file its annual financial statements and related documents for the financial year ended March 31, 2024, by the July 29, 2024 deadline. This delay is due to complexities associated with the acquisition of the La Parrilla assets. Silver Storm expects to file the Annual Filings no later than August 28, 2024. The company does not anticipate further delays in filing its financial documents for the period ended June 30, 2024, due by August 29, 2024. Silver Storm confirms it is complying with the Alternative Information Guidelines set out in NP 12-203 and will continue to issue bi-weekly default status reports.

Silver Storm Mining (SVRSF) announced significant drill results from its La Parrilla Silver Mine Complex in Durango, Mexico. The results are part of the Phase 1 diamond drilling program at the San Marcos Mine and include 16 holes totaling 1,935 meters.

Key highlights include hole SM-24-010 returning 504 g/t Ag.Eq over 5.14 meters and 367 g/t Ag.Eq over 2.63 meters, while SM-24-011 showed 569 g/t Ag.Eq over 2.00 meters and 431 g/t Ag.Eq over 1.87 meters. These findings extend high-grade mineralization approximately 100 meters below the last mined stopes.

The San Marcos South holes indicate mineralization widening at depth, and new discoveries include a zone 10 meters southwest of the San Marcos Zone. These results are expected to positively impact future Mineral Resources in terms of tonnage and grade.