Company and one warrant exercisable at a price of $0.10 until

Vancouver, BC – March 7, 2023 – Silver Eagle Mines Inc. (the "Company") (CSE:SEM) announces

that it will complete a securities for debt, issuing an aggregate of 44,200 units at a price of $0.10

per unit to settle $4,420 in liabilities. Each unit will be comprised of a common share of the

Company and one warrant exercisable at a price of $0.10 until May 25, 2024. The securities will

be subject to a hold period of four months and a day following the date of issuance.

Completion of the transaction remains subject to the approval of the Canadian Securities

Exchange.

By order of the Board

“Robin Dow”

Contact Information

Robin Dow, CEO

Email: [email protected]

Telephone: 604.355.9986

About Silver Eagle Mines Inc.

Silver Eagle Mines is a junior exploration company with an organic sedimentary raw rock

phosphate bed, 8 ¼ km long, in NE Nevada. The only organic sedimentary phosphate bed in

North America, it is situated close to the main highway to Montello/Elko, NV, and the rail head

to California.

“Blow it up, dig it up, grind it up, bag it up, and ship it out by rail”

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term

is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the

adequacy or accuracy of this release.