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ABRA.TO ·

AbraSilver Completes Environmental Baseline Study at Diablillos Project

Permits & Approvals

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

www.abrasilver.com

AbraSilver Completes Environmental Baseline Study at Diablillos Project

Toronto – June 08, 2022: AbraSilver Resource Corp. (TSX.V: ABRA; OTCQX: ABBRF) ("AbraSilver"

or the “Company”) is pleased to announce it has completed a comprehensive Environmental Baseline

Study (the “Study”) at its Diablillos Project in Salta, Argentina. Completion of the Study is an important

milestone towards the ongoing advancement of Diablillos as a sustainable mining project.

The Study was completed on behalf of the Company by EC & Asociados, a certified environmental

consultancy company based in Salta. EC & Asociados have extensive experience consulting for the

mining industry in Argentina with clients including: Livent, Posco Argentina, and Rincon Ltd. among

others.

The purpose of the Study is to gather and analyze relevant environmental baseline parameters for the

area of a potential future mine before any major project activities are undertaken. This will help to identify

and mitigate potential environmental and social impacts that may arise with the future development of

the project. The study covered a number of important areas such as hydrology, flora, fauna and limnology.

All information gathered in the Study will be used to develop an Environmental Impact Assessment

(“EIA”), which is currently in progress and is an essential part of the final approval process required for

the ultimate construction of the project.

AbraSilver President and CEO, John Miniotis, commented “We are very pleased with the work done by

our team in completing the comprehensive Environmental Baseline Study at Diablillos. We look forward

to ongoing collaboration with all stakeholders as we advance the Diablillos project towards a future

construction decision.”

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 current Measured and Indicated Mineral Resource of over 90 million ounces of silver and 1.0 million ounces

of gold. The updated PEA study completed in November 2021 demonstrates that Diablillos has the potential to be

a highly economic project. The Company is led by an experienced management team and has long-term supportive

shareholders including Mr. Eric Sprott. In addition, AbraSilver owns a portfolio of earlier-stage copper-gold projects

including the La Coipita copper-gold project in the San Juan province of Argentina. AbraSilver is listed on the TSX-

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

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.

The Diablillos resource estimate and supporting technical report are N.I. 43-101 compliant. Full details of the Mineral

Resources are available in a Company news release dated September 15, 2021. For additional information please

see the Technical Report on the Diablillos Project, Salta Province, Argentina, dated October 28, 2021, completed

by Mining Plus, and available on www.SEDAR.com.

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