Phase 2 Exploration Drilling Underway at Silver Dollar’s La Joya Project in Durango, Mexico

FOR IMMEDIATE RELEASE

Phase 2 Exploration Drilling Underway at Silver

Dollar’s La Joya Project in Durango, Mexico

Initial Phase 1 results included 2,369 g/t (83.6 oz/ton) AgEq over 1.01 m within a

broader intercept of 361.8 g/t (12.76 oz/t) AgEq over 8.37 m in Hole NOR-21-004

VANCOUVER, BC – April 6, 2022 – Silver Dollar Resources Inc. (CSE: SLV) (OTCQX:

SLVDF) (“Silver Dollar” or the “Company”) is pleased to report that Phase 2 exploration drilling

is underway at the La Joya Silver Project (the “Property”) located in the state of Durango, Mexico.

Figure 1: Drilling in progress at the La Joya Project on hole NOR 22-012

Phase 2 drilling will remain focused on the unde rexplored Noria portion of the Property and new

targets that were identified in the results received to date from the Phase 1 drilling program.

As previously reported, a new discovery that is of primary interest is a shallow high-grade gold

zone that was unexpectedly hit in hole NOR-21-004. The hole, which deviated significantly to the

south of the intended target, enc ountered high-grade gold in multip le intervals that included 19.2

grams per tonne (g/t) (0.677 oz/to n) gold (Au) over 3.00 metres (m ) starting from a depth of 126

m downhole and 29.0 g/t (1.023 oz/ton) Au ov er 1.01 m starting fro m a depth of 164.61 m

downhole.

The Phase 1 program consisted of 11 holes for a total of 2,424 m of drilling. Sample assay results

for the first seven holes were reported on March 24, 2022 (See news release), and results for the

remaining holes are expected shortly. For Phase 1 drill hole collar locations, see plan map.

“We are fully funded for Phase 2 drilling and ex cited to commence follow up on the new gold

discovery,” said Mike Romanik, president of Silver Dollar. “We ar e expecting the balance of the

Phase 1 drill results shortly and will tailor a nd expand the program as additional targets become

more clearly defined.”

Mike Kilbourne, P.Geo., an independent Qualifie d Person as defined in NI 43-101, has reviewed

and approved the technical contents of this news release on behalf of the Company.

Figure 2: Click on the image above to view a two-minute video introducing the La Joya Project

About the La Joya Project

The La Joya Project is situated approximately 75 kilometres directly southeast of the state capital

city of Durango in a prolific mineralized region with past-producing and operating mines including

Grupo Mexico's San Martin Mine, Industrias Penoles 's Sabinas Mine, Pan American Silver's La

Colorada Mine, and First Majestic's La Parrill a and Del Toro Silver Mines. For additional

information on the Project click on the satellite map above to watch a two-minute video.

About Silver Dollar Resources Inc.

Silver Dollar is a mineral exploration company that completed its initial public offering in May

2020 and is fully funded for 2022 with approxima tely $9 million in the treasury. The Company’s

projects are located in two of the prolific mining jurisdictions in the world and include the advanced

exploration and development stage La Joya Silver Project in the state of Durango, Mexico; and the

discovery-stage Pakwash Lake and the Longlegge d Lake properties in the Red Lake Mining

District of Ontario, Canada. Th e Company has an aggressive gr owth strategy and is actively

reviewing potentially accretive acquisitions with a focus on drill-ready projects in mining-friendly

jurisdictions internationally.

For additional information, you can download our latest presentation by clicking here and you can

follow us on Twitter by clicking here.

ON BEHALF OF THE BOARD

Signed “Michael Romanik”

Michael Romanik,

President, CEO & Director

Silver Dollar Resources Inc.

Direct line: (204) 724-0613

Email: [email protected]

179 - 2945 Jacklin Road, Suite 416

Victoria, BC, V9B 6J9

Forward-Looking Statements:

This news release may contain “forward-looking stat ements.” Forward-looking statements involve known and

unknown risks, uncertainties, assumptions and other fact ors that may cause the actual results, performance or

achievements of the Company to be materially different from any future results, performance or achievements

expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of

this news release and, except as may be required by app licable securities laws, the Company disclaims any intent or

obligation to update any forward-looking statement, whether as a result of new information, future events or results or

otherwise.