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HAMR.CN ·

Silver Hammer Mining Commences Trading on the OTCQB Market

Listings & Exchange

NEWS RELEASE

Silver Hammer Mining Commences Trading on OTCQB® an d Provides Lacy Project Update

Vancouver, British Columbia – October 29, 2021 – Si lver Hammer Mining Corp. (CSE: HAMR) (OTCQB:

HAMRF) (the “Company” or “Silver Hammer”) is pleased to announce that, effective October 29, 2021, it has

commenced trading on the OTCQB® under the symbol “H AMRF”. The Company has chosen to trade on this US

marketplace to provide current and future US-based investors with greater access, ease of trading, hom e country

disclosure, current financial disclosures and Real-Time Level 2 quotes on www.otcmarkets.com.

“Listing on the OTCQB venture exchange market place is an important milestone for the Company,” said M organ

Lekstrom, President and CEO of the Company. “Quali fying for OTCQB® is a natural step for the Company towards

broadening exposure of our exploration activities i n the U.S. It also demonstrates our commitment to increasing our

investor base while providing our current and futur e U.S. investors convenient access to the same ease of trading,

timely news and information enjoyed by investors in Canada.”

The Company appointed B. Riley to provide guidance with respect to its eligibility to meet the require ments of the

OTCQB and to advise the Company on its responsibili ties for complying with its U.S. disclosure obligat ions under

the Securities Act of 1934 and Rule 12g3-2 promulga ted thereunder in connection with the OTCQB listing and the

OTCQB standards for international companies.

Lacy Project Update

Silver Hammer has filed an assessment report on the Lacy Project with the BC provincial government. T he project

comprises 590 hectares of mineral tenures in the Nanaimo and Alberni Mining Divisions of B.C. The initial evaluation

of the project has produced encouraging results, including gold-silver surface mineralization in stockworks and quartz

veins. Management intends to conduct a more detaile d program including further geophysics over the nex t 6-12

months to identify possible drill targets.

About Silver Hammer Mining Corp.

Silver Hammer Mining Corp. is a junior resource com pany advancing the past-producing Silver Strand Min e in the

Coeur d’Alene Mining District in Idaho, USA, both t he Eliza Silver Project and the Silverton Silver Mi ne in one of

the world’s most prolific mining jurisdictions in N evada and the Lacy Gold Project in British Columbia, Canada. The

Company has commenced an initial drill program at S ilver Strand that will test for silver and gold min eralization

immediately below the mine’s lowest level extending only 90 metres below surface. Silver Hammer strives to become

a multimine silver producer and will focus near-ter m exploration and drilling plans at the Company’s I daho and

Nevada silver-gold assets.

*Mineralization hosted on adjacent and/or nearby pr operties is not necessarily indicative of mineraliz ation hosted

on the Company’s property.

On Behalf of the Board of Silver Hammer Mining Corp .

Morgan Lekstrom, President and CEO

Corporate Office: 551 Howe Street, Vancouver, Briti sh Columbia V6C 2C2, Canada

Contact: Kristina Pillon, President, High Tide Consulting Corp.

604.908.1695 / [email protected]

The CSE does not accept responsibility for the adeq uacy or accuracy of this release. The Canadian Sec urities

Exchange has neither approved nor disapproved the c ontents of this press release.