TIER ONE SILVER INC - TSLVF STOCK NEWS

Tier One Silver Inc. (TSXV:TSLV, OTCQB:TSLVF) reported significant results from channel sampling at the Curibaya project in Peru. Highlights include:

• 4.5 m of 408.2 g/t silver and 1.48 g/t gold
• 1 m of 1,768.0 g/t silver and 6.33 g/t gold
• 8 m of 349.1 g/t silver and 0.46 g/t gold

The sampling indicates high-grade precious metals at shallow depths and reinforces the potential for further exploration in the Cambaya target area. The technical team remains optimistic about defining additional copper porphyry targets through ongoing geophysical programs.

Tier One Silver Inc. (TSLVF) announced recent investor communication efforts, including attendance at resource conferences and digital marketing campaigns. Following promotional activities, the company noted a modest increase in trading volume. Tier One engaged Native Ads Inc. for a comprehensive advertising program and Stanford & Turner Marketing Group for information dissemination. CEO Peter Dembicki discussed exploration activities on platforms, highlighting the company's focus on mineral project development in Peru. Chairman Ivan Bebek purchased shares recently, signaling confidence in the company.

Tier One Silver (TSLVF) has initiated a 35 km CSAMT geophysical survey at its Curibaya project in Peru to assess potential copper porphyry systems. The survey aims to identify resistivity properties that may indicate hydrothermal alteration zones. Preliminary drilling has shown evidence of a porphyry target in the area, bolstered by geochemical analyses revealing zoning consistent with porphyry systems. Additionally, Tier One has engaged Native Ads for a C$215,000 digital marketing campaign to boost investor awareness, pending TSX approval.

Tier One Silver Inc. has received a receipt for its final short form base shelf prospectus, allowing it to raise up to C$100 million through various securities over the next 25 months. This initiative aims to enhance the Company's financing flexibility, although there is no guarantee any securities will be sold during this period. Future offerings will be detailed in prospectus supplements filed with Canadian regulators. The securities are not registered in the U.S. and cannot be sold there without compliance with regulatory requirements.

Tier One Silver announced the receipt of its environmental approval, the Declaración de Impacto Ambiental (DIA), from the Peruvian Ministry of Energy and Mines for its 100% owned Curibaya project. This approval enables the company to drill up to 200 holes from 20 new platforms, expanding the exploration area to include the Cambaya target. The company is also launching a channel and rock sampling program to further define drilling targets, anticipating to commence the second phase of drilling following surface sampling results.

Tier One Silver Inc. (TSLVF) has completed its second and final tranche of a non-brokered private placement, raising C$2.82 million for a total of C$6.18 million. The funds will be allocated to exploration at the Curibaya project in Peru and general working capital needs. Insiders purchased 323,000 Units in the private placement, qualifying as a related party transaction but exempt from formal approval due to low market impact. The company is now positioned to advance its exploration activities following promising silver and copper mineralization results.

Tier One Silver Inc. (TSXV: TSLV, OTCQB: TSLVF) has successfully closed a non-brokered private placement, raising C$3.36 million from the initial C$3.0 million target, through the issuance of 7,464,654 units at C$0.45 per unit. The proceeds will be allocated for ongoing exploration at their flagship Curibaya project in Peru and for general working capital. The securities will be subject to a hold period of four months from issuance, pending final TSX Venture Exchange approval.

Tier One Silver announces a non-brokered private placement aiming to raise up to C$3.0 million through the sale of 6,666,667 units priced at C$0.45 each. Each unit includes a common share and a warrant exercisable at C$0.75 for three years. The proceeds will primarily fund exploration at the Curibaya project in Peru. The placement is contingent upon customary closing conditions and regulatory approvals.

Tier One Silver Inc. (TSXV: TSLV, OTCQB: TSLVF) announced that it will not proceed with its proposed prospectus offering due to current market conditions. The decision, made on May 4, 2022, follows an earlier announcement on April 12, 2022. The company is now exploring alternative financing options and plans to provide updates soon. Tier One Silver focuses on discovering valuable silver, gold, and base metal deposits in Peru, with notable projects including Curibaya and Hurricane Silver.