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ABRA.TO ·

AbraSilver Announces Stock Option Grant

Share Capital & Compensation

220 Bay Street, Suite 550, Toronto, ON, M5J 2W4

www.abrasilver.com

AbraSilver Announces Stock Option Grant

Toronto – October 25, 2021: AbraSilver Resource Corp. (TSX.V:ABRA; OTCQX: ABBRF)

("AbraSilver" or the “Company”) is pleased to announce that pursuant to the Company’s Share

Compensation Plan, 750,000 incentive stock options (the “Options”), exercisable at a price of $0.53 per

share for a period of five years, have been granted to a director of the Company. The Options vest in

25% instalments every 6 months, starting from the date of the grant.

About AbraSilver

AbraSilver is a well-funded silver-gold focused advanced-stage exploration company. The Company is rapidly

advancing its 100%-owned Diablillos silver-gold project in the mining-friendly Salta province of Argentina, which

has a Measured and Indicated Mineral Resource base of over 160Moz on a silver-equivalent basis or 2.3Moz on

a gold-equivalent basis. The Company is led by an experienced management team and has long-term supportive

shareholders including Mr. Eric Sprott and SSR Mining. In addition, AbraSilver owns a portfolio of earlier-stage

copper-gold projects, including the Arcas project in Chile where Rio Tinto has an option to earn up to a 75%

interest by funding up to US$25 million in exploration. AbraSilver is listed on the TSX-V under the symbol “ABRA”

and in the U.S. under the symbol “ABBRF”.

The Diablillos resource estimate is N.I. 43-101 compliant. Full details of the Mineral Resources are available in a

Company news release dated September 15, 2021. The full technical report, which is being prepared in accordance

with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI-43-101”) by Mining Plus, will be

available on SEDAR (www.sedar.com) under the Company’s issuer profile within 45 days of the news release dated

September 15, 2021.

For further information please visit the AbraSilver Resource website at www.abrasilver.com, our LinkedIn page at

AbraSilver Resource Corp., and follow us on Twitter at www.twitter.com/abrasilver

Alternatively please contact:

John Miniotis, President and CEO

[email protected]

Tel: +1 416-306-8334

Cautionary Statements

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation.

Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while

considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause

the actual results and future events to differ materially from those expressed or implied by such forward-looking

statements. All statements that address future plans, activities, events or developments that the Company believes,

expects or anticipates will or may occur are forward-looking information. There can be no assurance that such

statements will prove to be accurate, as actual results and future events could differ materially from those

anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking

statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements,

whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of

the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release