Silverfish Closes Adopts Restricted Share Unit Plan

Suite 700-838 West Hastings Street

Vancouver, BC Canada V6C 0A6

NEWS RELEASE

SILVERFISH CLOSES ADOPTS RESTRICTED SHARE UNIT PLAN

VANCOUVER, BRITISH COLUMBIA, October 25, 2023 – SILVERFISH RESOURCES INC. (the

“Company” or "Silverfish") (CSE: “SF”) is pleased to announce that the Board of Directors have

approved the adoption of a 10% rolling Restricted Share Unit Plan (“ RSU Plan”) whereby the

Company may issue up to 10% of its issued capital as Restricted Share Units to eligible directors,

officers and consultants of the Company. The RSU Plan was adopted by the Company to provide

incentives to its executives to better align interests with shareholders while preserving the

Company’s cash for furthering its business.

At the next annual general and special meeting of shareholders to be held on November 24, 2023,

the Company will ask shareholders to ratify and confirm the adoption of the RSU Plan.

About Silverfish

The Company is engaged in acquisition, exploration and development of mineral property assets

in Canada. The Company’s objective is to locate and develop economic precious and base metal

properties of merit and to conduct its exploration program on the Old Timer Property. The Old

Timer Property is located 17 km southeast of Nelson, in the Nelson Mining Division of southern

British Columbia.

For more information, please refer to SEDAR+ at www.sedarplus.ca under the Company’s

profile.

ON BEHALF OF THE BOARD OF DIRECTORS

“Joseph Cullen”

Joseph Cullen,

President, Chief Executive Officer and Director

For further information, please contact:

Mr. Joseph Cullen

Phone: 778-919-8615

Email: [email protected]

Website: www.silverfishresources.com

THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED

OF THE CONTENT OF THIS PRESS RELEASE

Cautionary Note About Forward-Looking Statements

Certain of the information contained in this news release may constitute ‘forward-looking statements' within

the meaning of applicable securities laws. Such forward- looking statements, including but not limited to

statements relating to the Acquisition inv olve risks, uncertainties and other factors which may cause the

actual results to be materially different from those expressed or implied by such forward-looking statements.

Although the Company and the Seller have each attempted to identify important fact ors that could cause

actual results to differ materially from those contained in forward- looking statements, there may be other

factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that

such statements will prove to be accurate, as actual results and future events could differ materially from

those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-

looking statements. Neither the Company nor the Seller undertakes to update any forward- looking

statements, except in accordance with applicable securities laws.