/CNW/ - Silver Mountain Resources Inc. (" Silver Mountain " or the " Company ") today announces that Bryan Coates

SILVER MOUNTAIN RESOURCES

ANNOUNCES CHANGE TO BOARD OF

DIRECTORS

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN OR INTO

THE UNITED STATES

/

TORONTO

,

May 13, 2022

/CNW/ - Silver Mountain Resources Inc. ("

Silver Mountain

" or the

"

Company

") today announces that

Bryan Coates

has resigned from the board of directors of the

Company effective immediately.

About Silver Mountain

Silver Mountain Resources Inc. is a silver explorer and mine developer

planning to re-commence production at the Reliquias underground mine and

undertake exploration activities at its prospective silver camps at the

Castrovirreyna Project in Huancavelica,

Peru

.

Silver Mountain's subsidiary Sociedad Minera Reliquias S.A.C. owns 100%

of its concessions and holds more than 27,000 Ha. in the district of

Castrovirreyna, in Huancavelica, Peru.

Forward Looking Statements

This news release contains forward-looking statements and forward-looking information within the

meaning of Canadian securities legislation (collectively, "

forward-looking statements

") that relate

to Silver Mountain's current expectations and views of future events. Any statements that express, or

involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or

performance (often, but not always, through the use of words or phrases such as "will likely result",

"are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated",

"intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical

facts and may be forward-looking statements and may involve estimates, assumptions and

uncertainties which could cause actual results or outcomes to differ materially from those expressed

in such forward-looking statements. No assurance can be given that these expectations will prove to

be correct and such forward-looking statements included in this news release should not be unduly

relied upon. These statements speak only as of the date of this news release.

Forward-looking statements are based on a number of assumptions and are subject to a number of

risks and uncertainties, many of which are beyond Silver Mountain's control, which could cause

actual results and events to differ materially from those that are disclosed in or implied by such

forward-looking statements. Such risks and uncertainties include, but are not limited to, the factors

set forth under "

Statement Regarding Forward-Looking Information"

and "

Risk Factors

" in the

Company's final prospectus dated

January 26, 2022

available on the Company's profile at

www.sedar.com

. Silver Mountain undertakes no obligation to update or revise any forward-looking

statements, whether as a result of new information, future events or otherwise, except as may be

SILVER MOUNTAIN

RESOURCES

ANNOUNCES

CHANGE TO BOARD

OF DIRECTORS —

Resignation of

Bryan

Coates

required by law. New factors emerge from time to time, and it is not possible for Silver Mountain to

predict all of them, or assess the impact of each such factor or the extent to which any factor, or

combination of factors, may cause results to differ materially from those contained in any forward-

looking statement. Any forward-looking statements contained in this news release are expressly

qualified in their entirety by this cautionary statement.

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.

SOURCE

Silver Mountain Resources Inc.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/May2022/13/c4150.html

%SEDAR: 00052252E

For further information:

Alfredo Bazo, President, CEO & Director, [email protected]; Jean

Pierre Fort, Chief Financial Officer, [email protected]; Silver Mountain Resources Inc, 82 Richmond

Street East, Toronto, ON M5C 1P1, [email protected], (647) 262-4017

CO: Silver Mountain Resources Inc.

CNW 07:00e 13-MAY-22