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Outcrop Silver Appoints Guillermo Hernandez as Vice President of Exploration

Management Changes

OUTCROP SILVER APPOINTS GUILLERMO

HERNANDEZ AS VICE PRESIDENT OF

EXPLORATION

VANCOUVER, BC

,

May 31, 2022

/CNW/ -

Outcrop Silver & Gold Corporation

(TSXV: OCG)

(OTCQX: OCGSF) (DE: MRG1)

("Outcrop")

is pleased to announce the appointment of Guillermo

Hernández to the position of Vice President of Exploration.

Mr. Hernández is an accomplished economic geologist with over fifteen years experience in

exploration, mining and resource estimation. He previously held positions at corporate and

operational levels with

Lundin Gold

, Altaley Mining, and Gold Resource, managing large

multidisciplinary teams throughout

Mexico

, Central and

South America

, and

Japan

. He has

participated in the discovery and development of various types of mineral deposits including

epithermal gold-silver systems, gold-silver and base-metal skarns, and VMS deposits. Many of his

discoveries are currently mining operations.

His most recent employment was with

Lundin Gold

at the Fruta Del Norte Project in

Ecuador

where

he directed the geology staff, in-fill and exploration drilling, geostatistics and block modeling, and

production reconciliation to reserve estimations.

While working for Gold Resource from 2012 to 2017, Guillermo took the lead role in discovering the

large Switchback epithermal system and putting the

El Aguila

and Altagracia underground mines in

production in

Oaxaca, Mexico

.

Mr. Hernández holds a BS degree with honors in Geological Engineering, and a Masters in

Geochemistry, from the Universidad Nacional Autonoma de

Mexico

,

Mexico City

. He is currently an

active member of the Society of Economic Geologists, the Geological Society of America, and the

Mineralogical Society of America. He has published several peer-reviewed papers and

memorandums.

"Outcrop is very excited to bring Mr. Hernández as Vice President of Exploration." comments

Joseph

Hebert

, Chief Executive Officer, "Guillermo is a proven ore-finder, with extensive experience and

knowledge of epithermal systems. He will take the lead on internal geologic and grade modeling

prior to Outcrop producing an independent compliant resource by the end of 2022 and in defining

additional high-grade shoots on our

Santa Ana

discovery. He will lead our Colombian team on to

more successes."

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

Investor Relations

+1 775 340 0450

+1 778 330 3835

[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.

SOURCE

Outcrop Silver & Gold Corporation

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/May2022/31/c7546.html

%SEDAR: 00005232E

For further information:

Joseph P Hebert, Chief Executive Officer, +1 775 340 0450,

[email protected]; Investor Relations, +1 778 330 3835,

[email protected]

CO: Outcrop Silver & Gold Corporation

CNW 07:00e 31-MAY-22