Shares for Debt Settlement and Options Grant

Vancouver, BC – February 15, 2023 – Silver Eagle Mines Inc. (the "Company") (CSE:SEM)

announces that it will complete a securities for debt, issuing an aggregate of 633,465 units at a

price of $0.10 per unit to settle $63,338.00 Each unit will be comprised of a common share of

the Company and one warrant exercisable at a price of $0.20 until February 15, 2025. The

Company further announces that it has granted 5,000 options to a consultant to the Company

exercisable at a price of $0.10 until February 15, 2027

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”

Forward Looking Statements

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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.