TIER ONE SILVER INC - TSLVF STOCK NEWS

Tier One Silver Inc. (TSLVF) announced a non-brokered private placement to raise up to C$2.5 million by offering 10 million units at C$0.25 each. Each unit comprises one common share and one warrant, allowing purchase of an additional share at C$0.35, valid for 24 months post-closing. Proceeds will fund drilling at the Curibaya project and advancement of the Hurricane project. The offering, closing around April 21, 2023, is not subject to minimum conditions. Securities are subject to a four-month hold period in Canada. The company emphasizes that insider participation may occur under specific exemptions.

Tier One Silver Inc. (TSLVF) has announced promising results from composite chip sampling at its Rayanpata target in the Hurricane project, southern Peru. Key findings include high-grade concentrations of copper (Cu), nickel (Ni), and cobalt (Co), with 65% of samples exceeding 0.1% Ni and two samples reporting Co values above 1,000 g/t. The area, measuring approximately 2 km by 800 metres, remains open for further exploration. Both Senior VP Exploration Christian Rios and CEO Peter Dembicki expressed optimism, highlighting the project's potential to identify extensions and new mineralized structures.

Tier One Silver Inc. (TSLVF) announced the identification of two porphyry copper targets at its Curibaya project in Peru, supported by recent geophysical survey results. A Controlled-Source-Audio-Frequency Magnetotelluric (CSAMT) survey covering 42.7 km indicates two low resistivity anomalies, potentially linked to a hydrothermal alteration system. The anomalies show geochemical associations with elevated bismuth, tellurium, selenium, and copper. The drilling program, set for Q2 2023, plans to explore these targets along with the defined high-grade silver-gold mineralization. Additionally, the company is experiencing a leadership transition with the retirement of Chief Geologist Michael Henrichsen.

Tier One Silver reports successful rock and channel sampling results from the Magdalena target area in southern Peru. The highlights include significant silver and copper grades, such as 1 m of 852.5 g/t silver and 1.54% copper. The mineralization has expanded by 500 m, revealing a potential of over 4 km of vein corridors. Historical underground workings indicate continuous mineralization, with various samples from mine dumps yielding high silver and copper values. Future exploration will include soil sampling and geophysical surveys to further assess the area.

Tier One Silver (TSXV:TSLV) reported promising channel sampling results from the Hurricane project in southern Peru, focusing on the San Cipriano and Ñahuayco target areas. Key highlights include 48 meters of 3.35% copper, along with notable platinum, palladium, gold, and silver grades. Mineralization potential is confirmed as further exploration is planned, including geophysics. The historical drilling data suggests additional exploration opportunities, particularly in untested areas. CEO Peter Dembicki expressed optimism about advancing exploration efforts, showcasing the potential for significant mineral discovery.