Silver Storm Commences 6,000 Metre Drilling Campaign at LA Parrilla Silver MINE Complex
NEWS RELEASE
SILVER STORM COMMENCES 6,000 METRE DRILLING CAMPAIGN AT LA PARRILLA
SILVER MINE COMPLEX
Toronto, Ontario, January 14, 2026: Silver Storm Mining Ltd. (“ Silver Storm” or the " Company")
(TSX.V: SVRS | OTC: SVRSF | FSE: SVR) is pleased to announce the commencement of
underground drilling at its 100% owned La Parrilla Silver Mine Complex (the “La Parrilla Complex”),
located 76 kilometres southeast of Durango, Mexico.
Greg McKenzie, President and CEO, commented, “The Silver Storm team is excited to have drilling
underway again at La Parrilla. This initial phase is designed to support the current internal mine plan
by increasing the Indicated and Inferred Resource base , as we advance toward the potential restart
of operations at La Parrilla in the second quarter of 2026. The team is also planning surface exploration
programs to be initiated in 2026 on seven target areas within the La Parrilla concessions.”
The 6,000 metre (“m”) underground drilling program will focus on exploration step-out and infill drilling
in support of the development anticipated by the Company at the Quebradillas, San Marcos, and
Rosarios mines in the La Parrilla Complex.
1. Quebradillas Mine – 3,500 m of drilling on the C460, C550, Norte Sur, La Estrella, and San
Nicolas Zones. The C460 Zone is comprised of a sulphide replacement body concordant to
bedding, striking NNW over a known strike length of 460 m, vertical extent of 500 m, with a
thickness of up to 8.5 m. Drilling will test the southern strike and depth extension of C460. The
C550, Norte Sur, La Estrella, and San Nicolas Zones are sulphide-bearing fault veins and
breccias often with replacement bodies developed on the footwall and hanging wall of the fault
zone. Drilling will explore the strike and downdip extensions of these zones (Figure 2).
2. San Marcos Mine – 1,000 m of drilling on the San Marcos and C1100 Zones. The San Marcos
Zone is comprised of fault-vein oxide mineralization, striking NNW over a known strike length
of 700 m, vertical extent of 350 m, with a thickness of up to 17 m. It is the main source of oxide
mineralization. Drilling will be focused on the near surface and middle levels of the mine. The
C1100 Zone is comprised of sulphide -bearing fault-vein mineralization, striking NW over a
known strike length of 500 m, vertical extent of 430 m, with a thickness of up to 1.5 m. Drilling
will test the zone at depth below historical development (Figure 3).
3. Rosarios Mine – 1,500 m of drilling on the Rosarios and RRFW Zones. The Rosarios Zone is
comprised of fault-vein sulphide mineralization developed as stockwork or replacement zones
on the footwall and hanging wall of the vein. Rosarios strikes WNW over a known strike length
of 1.75 kilometres, vertical extent of 900 m, with a thickness of up to 14 m. Drilling will be
focused on the central and western extensions of the zone. The RRFW Zones are 5 subparallel
fault structures lying within the western footwall of the Rosarios Zone that are generally
characterized by sulphide breccias and replacement zones, which have known strike lengths
varying from 150 to 490 m over vertical extents between 200 to 270 m (Figure 4).
An additional 4,000 m of drilling has been proposed as a follow -up to this initial program , as mine
development progresses following the potential restart of operations. The Company looks forward to
sharing the results of this initial phase of drilling as soon as the assay results are available.
The geology team is in the process of planning surface exploration and drilling programs on the
Rosarios – C340 West Extension, 14 Marcos, La Ilusion – Argenis, Quebradillas Open Pit, San Marcos
North, San Marcos – Vacas Gap, and Vacas South targets ( Figure 1). Further information on these
surface exploration programs will be provided when planning and permitting are finalized.
Figure 1: La Parrilla Surface Exploration Targets
Qualified Person
In accordance with NI 43-101 Standards of Disclosure for Mineral Projects, Bruce Robbins, PGeo, is
the Qualified Person for the Company and has validated and approved the technical and scientific
content of this news release.
About Silver Storm Mining Ltd.
Silver Storm Mining Ltd. holds advanced-stage silver projects located in Durango, Mexico. Silver Storm
is committed to advancing toward a potential near -term restart of its 100% owned La Parrilla Silver
Mine Complex, a prolific operation comprised of a 2,0 00 tpd mill and three underground mines. The
Company also holds a 100% interest in the San Diego Project, which is among the largest
undeveloped silver assets in Mexico. For more information regarding the Company and its projects,
please visit our website at www.silverstorm.ca.
For additional information, please contact:
Greg McKenzie, President & CEO
Ph: +1 (416) 504-2024
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward Looking Statements:
Certain statements in this news release are forward -looking and involve a number of risks and
uncertainties. Such forward-looking statements are within the meaning of the phrase ‘forward-looking
information’ in the Canadian Securities Administrators’ Natio nal Instrument 51 -102 – Continuous
Disclosure Obligations. Forward -looking statements are not comprised of historical facts. Forward -
looking statements include estimates and statements that describe the Company’s future plans,
objectives or goals, includin g words to the effect that the Company or management and Qualified
Persons (in the case of technical and scientific information) expects a stated condition or result to
occur. Forward -looking statements may be identified by such terms as “believes”, “antic ipates”,
“expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward -looking statements are
based on assumptions and address future events and conditions, by their very nature they involve
inherent risks and uncertainties. Although th ese statements are based on information currently
available to the Company, the Company provides no assurance that actual results will meet
management’s expectations. Risks, uncertainties and other factors involved with forward -looking
information could ca use actual events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking information. Forward -looking
information in this news release includes, but is not limited the future explorat ion and drilling
performance, the ability to increase the Indicated and Inferred Resource base , the timing and
completion of an updated technical report for La Parrilla Complex, and the timeline and ability to place
the La Parrilla Complex back into operation.
In making the forward-looking statements included in this news release, the Company and Qualified
Persons (in the case of technical and scientific information) have applied several material
assumptions, including that the Company´s financial condition and development plans do not change
because of unforeseen events, that future metal prices and the demand and market outlook for metals
will remain stable or improve, the ability of contractors hired by the Company to complete their work
on-time, on-budget, and within the technical specifications required in their contracts; management’s
ability to execute its business strategy, no unexpected or adverse regulatory changes with respect to
La Parrilla , and that the decision to potentially place La Parrilla into production, and any related
production decisions are largely based on internal Company data and reports from previous operations
and have not been supported by mineral reserve estimates prepared in accorda nce with NI 43-101,
preliminary economic assessments, pre -feasibility or feasibility studies that demonstrate economic
and technical viability. As a result, there is increased uncertainty and a higher degree of economic
and technical risk associated with any such production decision than would be the case if such mineral
reserves estimates or studies were completed and relied upon to support a production decision. No
mineral reserves have been established for La Parrilla, and mineral resources that are not reserves
do not have demonstrated economic viability. The absence of mineral reserve estimates prepared in
accordance with NI 43 -101, preliminary economic assessments, pre -feasibility or feasibility studies
supporting a production decision increases the uncertainty of achieving any particular level of mineral
recovery or the cost of such recovery, and heightens the risks associated with developing a
commercially mineable deposit. Historically, projects advanced without the support of such mineral
reserves estimates and studies have experienced a significantly higher incidence of economic and
technical failure. There can be no assurance that production at La Parrilla will commence as
anticipated or at all, or that any anticipated production levels or operati ng costs will be achieved. A
failure to commence production would have a material adverse effect on the Company’s ability to
generate revenue and cash flow to fund its operations. Similarly, a failure to achieve anticipated
production costs would have a ma terial adverse effect on the Company’s cash flow and future
profitability.
Forward-looking statements and information are subject to various known and unknown risks and
uncertainties, many of which are beyond the ability of the Company to control or predict, that may
cause the Company’s actual results, performance or achievements to be materially different from
those expressed or implied thereby, and are developed based on assumptions about such risks,
uncertainties and other factors set out herein.
Such forward-looking information represents management ’s and Qualified Persons ’ (in the case of
technical and scientific information) best judgment based on information currently available. No
forward-looking statement can be guaranteed, and actual future results may vary materially.
Accordingly, readers are advised not to place undu e reliance on forward -looking statements or
information.
Figure 2: Quebradillas- View to North of Planned Drillholes
Figure 3: San Marcos- View to ENE of Planned Drillholes
Figure 4: Rosarios- View to North of Planned Drillholes