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IMPACT Silver intersects 2.14m of 418 g/t Silver and 1.58m of 1,393 g/t Silver Extending the San Ramon Mine to depth at Zacualpan, Mexico

Drill Results

NEWS RELEASE

IMPACT Silver Corp.

For Release: September 11, 2019 Trading Symbol: “IPT: TSX.V”

IMPACT Silver intersects 2.14m of 418 g/t Silver

and 1.58m of 1,393 g/t Silver

Extending the San Ramon Mine to depth at Zacualpan, Mexico

IMPACT Silver Corp. (“IMPACT” or the “Company” ) is pleased to announce high-grade silver results

from underground drilling which have extended the mineralization 50 m to depth at the San Ramon Mine

in the Royal Mines of Zacualpan District, central Mexico. The zone remains open to depth and along strike

for further extension. Results from these new drill holes are as follows:

HOLE No.

FROM

(m)

TO

(m)

INTERVAL

(m)

TRUE_WIDTH

(m)

Ag

ppm

Au

ppm

Pb

% Zn% ZONE

MPZ-284-19 60.89 64.08 3.19 2.62 321.0 0.38 0.19 0.60 Inmaculada

MPZ-285-19 48.44 50.17 1.73 1.58 1392.7 2.15 2.37 6.37 Inmaculada

MPZ-285-19 63.13 64.60 1.47 1.38 305.0 0.97 0.66 1.74

MPZ-286-19 67.70 71.90 4.20 3.66 78.8 0.19 2.30 4.09 Inmaculada

MPZ-287-19 65.55 68.00 2.45 2.14 418.0 0.07 0.46 0.49 Inmaculada

MPZ-288-19 48.80 51.30 2.50 1.87 214.1 0.87 0.12 0.30

MPZ-288-19 70.80 72.70 1.90 1.47 317.3 0.05 0.35 0.38 Inmaculada

MPZ-289-19 70.70 72.39 1.69 1.22 56.9 0.16 0.95 4.00 Inmaculada

MPZ-289-19 52.15 54.20 2.05 1.02 150.7 0.13 0.45 0.80

The San Ramon mine has produced for 14 years and continues to yield more silver mineralization. The San

Ramon Deeps zone continues down to the southeast extending the known mineralized system to a depth of

1,611 m above sea level. Known mineralization over the total San Ramon workings has a down dip length

of over 500m. Further drilling is planned to further test the extent of this prolific zone.

The San Ramon Mine is located five kilometers southeast of IMPACT’s 5 35 tonne per day Guadalupe

processing plant in the Royal Mines of Zacualpan District of central Mexico . It commenced production in

2005 on the San Ramon Upper Zone and in 2014 on the San Ramon Deeps Zone located at depth. The drill

holes in this news release intersected the vein systems at depth and to the southeast of the current mine

workings. In total , mining has occurred on 27 working levels over a vertical distance of 430 meters on

three subparallel vein systems. A vertical section through the San Ramon mine and drill holes is attached

to this news release or can be viewed on the company website at

http://www.impactsilver.com/i/maps/SanRamon-Extension-Aug-2019-IPTSilver.pdf)

Wojtek Jakubowski, P. Geo., a Qualified Person under the meaning of Canadian National Instrument

43-101, approved the technical content of this news release.

ABOUT IMPACT SILVER CORP

:

IMPACT Silver Corp. is successful silver -gold explorer-producer with two processing plants on adjacent

districts within its 100% owned mineral concessions covering 211km2 in central Mexico. During the past

13 years over 9.4 Moz of Silver has been produced, generating revenues of $180 million, with no long-term

debt. In the historic Royal Mines of Zacualpan Silver District three underground silver mines feed the

central 535 TPD Guadalupe processing plant. To the south, in the Mamatla District the Capire processing

plant is currently rated at 200 TPD, but is expandable. It is adjacent to an open pit silver mine with a NI -

43-101 compliant resource that is awaiting higher silver prices to be restarted. Since acquiring the project,

IMPACT has compiled an exhaustive database at Zacualpan with over 5,000 old mine workings, assays for

over 34,000 rock samples and over 54,000 drill core samples, analyse s for over 50,000 soil samples, and

put six mines into production. Additional information about IMPACT and its o perations can be found on

the Company website at www.IMPACTSilver.com.

On behalf of IMPACT Silver Corp.

“Frederick W. Davidson”

President & CEO

For more information, please contact:

Jerry Huang

CFO | Investor Relations

(604) 681 0172 or [email protected]

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.

Forward-Looking and Cautionary Statements

This IMPACT News Release may contain certain “forward-looking” statements and information relating to IMPACT

that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently

available to IMPACT management. Such statements reflect the current risks, uncertainties and assumptions related to

certain factors including but not limited to, without limitations, expl oration and development risks, expenditure and

financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive

factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and

supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks

or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and

forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation

to update any forward-looking statement.

The Company’s decision to place a mine into production, expand a mine, make other production related decisions or

otherwise carry out mining and processing operations, is largely based on internal non -public Company data and

reports based on exploration, development and mining work by the Company’s geologists and engineers. The results

of this work are evident in the discovery and building of multiple mines for the Company and in the track record of

mineral production and financial returns of the Company si nce 2006. Under NI43 -101 the Company is required to

disclose that it has not based its production decisions on NI43 -101-compliant mineral resource or reserve estimates,

preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and

risk of failure.

1100-543 Granville Street Telephone 604 681-0172

Vancouver, BC, Canada V6C 1X8 Facsimile 604 681-6813