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OCG.TO ·

Outcrop Announces Appointment of CFO

Management Changes

OUTCROP ANNOUNCES APPOINTMENT OF CFO

January 13, 202 2– Vancouver, BC – Outcrop Silver & Gold Corp oration (TSXV:OCG,

OTCQX:OCGSF, DE:MRG1) (“Outcrop”) is pleased to announce the appointment of Paul Taggar to

the position of CFO, replacing Lisa Peterson.

Mr. Taggar is a CPA with over 15 years of experience within the mining, commodities and professional

services industries. He previously worked for Fronteer Gold until its acquisition by Newmont Mining.

Most recently, Mr. Taggar was the CFO of an international commodities firm, specializing in exports of

grain products. He started his career with KPMG and he holds a Bachelor of Business Administration from

Simon Fraser University.

“I am pleased to announce another great addition to the Outcrop leadership team with the appointment of

Mr. Taggar,” comments Joseph Hebert, Chief Executive Officer. “His expertise and diverse experience will

be an enormous asset to Outcrop. We are building a world class management team to steadily advance our

Santa Ana project and support the continued growth of our company.”

In connection with the appointment Outcrop has granted Mr. Taggar 500,000 incentive stock options

exercisable at a price of $0.16 expiring on January 13, 2027.

About Outcrop

Outcrop is rapidly advancing exploration on five silver and gold exploration projects with world- class

discovery potential in Colombia. Outcrop is currently drilling and expanding the Santa Ana historic high-

grade silver district. These assets are being advanced by a highly disciplined and seasoned professional

team with decades of experience in Colombia.

ON BEHALF OF THE BOARD OF DIRECTORS

Joseph P Hebert, Chief Executive Officer Mars Investor Relations

+1 775 340 0450 +1 647 557 6640

[email protected] [email protected]

www.outcropsilverandgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain information contained herein

constitutes “forward-looking information” under Canadian securities legislation. Generally, forward-looking information

can be identified by the use of forward-looking terminology such as “potential”, “we believe”, or variations of such words

and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the

opinions and estimates of management as of the date such statements are made and they are subject to known and unknown

risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of

Outcrop to be materially different from those expressed or implied by such forward-looking statements or forward-looking

information, including: the receipt of all necessary regulatory approvals, capital expenditures and other costs, financing and

additional capital requirements, completion of due diligence, general economic, market and business conditions, new

legislation, uncertainties resulting from potential delays or changes in plans, political uncertainties, and the state of the

securities markets generally. Although management of Outcrop have attempted to identify important factors that could cause

actual results to differ materially from those contained in forward-looking statements or forward-looking information, 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 and forward-looking

information. Outcrop will not update any forward-looking statements or forward-looking information that are incorporated

by reference herein, except as required by applicable securities laws.