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Silver Mountain Announces Special Meeting of Shareholders FOR Proposed Share Consolidation

Shareholder Meetings Corporate Actions

SILVER MOUNTAIN RESOURCES INC.

TSX.V | AGMR

OTCQB | AGMRF

BVL | AGMR

SILVER MOUNTAIN RESOURCES INC. TSX.V | AGMR www.agmr.ca

82 Richmond Street East Toronto, ON M5C 1P1

SILVER MOUNTAIN ANNOUNCES SPECIAL MEETING OF SHAREHOLDERS FOR

PROPOSED SHARE CONSOLIDATION

TORONTO, CANADA, January 17 , 2025 – Silver Mountain Resources Inc. (“Silver Mountain” or the

“Company”) (TSXV: AGMR; OTCQB: AGMRF) announces that it will hold a special meeting of shareholders

(the “Special Meeting”) on March 6, 2025. The Company has set a record date for the Special Meeting of

January 31, 2025.

The purpose of the Special Meeting is to seek authorization from the Company’s shareholders to enable

the Board of Directors (the “Board”) to consider a consolidation of all of the Company’s issued and

outstanding common shares (“Common Shares”) at a ratio of one (1) post ‐consolidation share for up to

every one hundred (100) pre‐consolidation shares (the “Consolidation”). Shareholders will be requested at

the Special Meeting or any adjournment thereof, to consider and, if thought fit, pass, with or without

amendment, a special resolution approving the Consolidation. Additional details in respect of any proposed

Consolidation will be included in a management information circular which is being mailed to shareholders

in compliance with applicable laws and will be available under the Company’s profile on SEDAR+

(www.sedarplus.ca).

The Board believes it is in the best interests of the Company to be in a position to complete the

Consolidation to provide the Company with greater flexibility for future corporate activities, enhance the

marketability of the Common Shares as an investment and lead to increased interest by a broader spectrum

of potential investors, thereby increasing the Company’s ability to secure additional financing for operational

and growth initiatives.

The implementation of any Consolidation is subject to Silver Mountain receiving all required approvals,

including support from shareholders at the upcoming Special Meeting, and the approval of the TSX Venture

Exchange. If the approvals required for the Consolidation are obtained and the Board decides to implement

the Consolidation, the Consolidation will occur at a time determined by the Board and additional information

in respect of the Consolidation will be announced by the Company.

For Further Information Contact:

Alvaro Espinoza

Chief Executive Officer

Silver Mountain Resources Inc

82 Richmond Street East, Toronto, ON M5C 1P1

+51 997 377 968

[email protected]

www.agmr.ca

Neither 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 release.

SILVER MOUNTAIN RESOURCES INC.

TSX.V | AGMR

OTCQB | AGMRF

BVL | AGMR

SILVER MOUNTAIN RESOURCES INC. TSX.V | AGMR www.agmr.ca

82 Richmond Street East Toronto, ON M5C 1P1

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. Forward-looking statements in

this news release include, but are not limited to, statements in respect of the implementation of any

Consolidation and the receipt of all required approvals in connection therewith. 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 "Caution

Regarding Forward-Looking Statements" and "Risk Factors" in the Company’s Annual Information Form

dated April 26, 2024, and other disclosure documents available on the Company’s profile on SEDAR+ at

www.sedarplus.ca. 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 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.

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