Silver Hammer Completes Debt Settlements
Silver Hammer Mining Corp.
Suite 300‐1055 West Hastings Street,
V a n c o u v e r , B C
V6C 2E9
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SILVER HAMMER COMPLETES DEBT SETTLEMENTS
October 1, 2024 – Vancouver, BC – Silver Hammer Mining Corp. (C SE: HAMR) (the
“Company” or “Silver Hammer”) announces that, further to its news release of September 23,
2024, the Company has issued an aggregate of 3,389,092 common shares (the “Shares”) of the
Company, having a deemed value of $0.055 per Share pursuant to past consulting and
accounting services provided to the Company for a total amount of $186,400.02 (the “Debt
Settlements”).
“To ensure management maximizes the use of proceeds from the current ongoing financing,
and reduce the Company’ s debt position, manageme nt has decided to take a strong share
position at a 10% premium to the financing price, rather than cash for consulting fees. I am
personally excited to now control a significant share position of the Company, along with our
Chief Financial Officer, and become two of the largest shareholders in the Company as we
understand the promising opportunity of the next steps in advancing our high-grade silver
portfolio in Idaho and Nevada,” commented Peter A. Ball, President & CEO of Silver
Hammer Mining. “The Company appreciates the patienc e and support of our shareholders
as we continue to focus on the existing priv ate placement previously announced on July 31,
2024. We believe the emerging strong silver bull market will provide positive momentum for
our financing and explore the Company’ s three drill ready 100% owned high-grade silver
projects.”
Peter A. Ball, the President, CEO and a director of the Company , received 1,885,819 Shares
and Alnesh Mohan, the CFO, Corporate Secretary and a director o f the Company, received
1,503,273 Shares pursuant to the D ebt Settlements. As a result , the Debt Settlements are
considered a related party tra nsaction (as defined under Multil ateral Instrument 61-101
Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company
relied upon section 5.5(b) the “ Issuer Not Listed on Specified Markets” and 5.7(a) the “Fair
Market Value Not More than $2, 500,000” and exemptions from the formal valuation and
minority shareholder approval requirements, respectively, under MI 61-101.
All securities issued are subject to a statutory four month hold period.
About Silver Hammer Mining Corp.
Silver Hammer Mining Corp. is a junior resource company focused on advancing past-
producing high-grade silver projects in the United States. Silver Hammer controls 100% of the
Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, USA, as well both the Eliza
Silver Project and the Silverton Silver Mine in Nevada and the Lacy Gold Project in British
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Columbia, Canada. Silver Hammer’s primary focus is defining and developing silver deposits
near past-producing mines that have not been adequately tested. The Company’s portfolio also
provides exposure to copper and gold discoveries.
On Behalf of the Board of Silver Hammer Mining Corp.
Peter A. Ball
President & CEO, Director
For investor relations inquiries, contact:
Peter A. Ball
President & CEO
778.344.4653
Forward Looking Information
This press release contains “forward-looking information” withi n the meaning of applicable Canadian securities
legislation. Forward-looking information in this press release includes, without limitation, statements relating to
the Offering and the use of proceeds therefrom and other statements which are subject to a number of conditions,
as described elsewhere in this n ews release. These statements a re based upon assumptions that are subject to
significant risks and uncertainties, including risks regarding the mining industry, commodity prices, market
conditions, general economic factors, management’s ability to m anage and to operate the business, and explore
and develop the projects of the Company, and the equity markets generally. Because of these risks and uncertainties
and as a result of a variety of factors, the actual results, expectations, achievements or performance of the Company
may differ materially from those anticipated and indicated by t hese forward-looking statements. Any number of
factors could cause actual resu lts to differ materially from th ese forward-looking statements as well as future
results. Although the Company believes that the expectations re flected in forward looking statements are
reasonable, they can give no assu rances that the expectations of any forward-looking statements will prove to be
correct. Except as required by law, the Company disclaims any i ntention and assume no ob ligation to update or
revise any forward-looking stat ements to reflect actual results , whether as a result of new information, future
events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
This news release does not constitute an offer to sell or a sol icitation of an offer to sell any of securities in the
United States. The securities have not been and will not be reg istered under the U.S. Securities Act or any state
securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under
the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.