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Outcrop Silver Appoints Kathy LI as Director of Investor Relations

Management Changes

OUTCROP SILVER APPOINTS KATHY LI AS

DIRECTOR OF INVESTOR RELATIONS

VANCOUVER, BC

,

June 24, 2022

/CNW/ -

Outcrop Silver & Gold Corporation

(TSXV: OCG)

(OTCQX: OCGSF) (DE: MRG1) ("

Outcrop

") is pleased to announce the appointment of

Kathy Li

to

the position of Director of Investor Relations. Ms. Li brings over 15 years of investor relations

management and capital market experience, primarily in natural resources. She has worked as

Investor Relations Manager for Silvercorp Metals Inc., where she led investor relations, capital

market and corporate communications for the company and played a significant role in marketing

various mining projects in

Canada

,

South America

and

China

. Previously, she was the Vice President

of Investor Relations at Christensen IR, a leading investor relations consulting firm in

New York

,

Hong Kong

and

Beijing

, where she managed over 30 publicly traded Asian/Chinese companies

across the board, including pre-IPOs, NASDAQ, NYSE, Amex and OTCB in capital market

intelligence, media relations and investor relations. Ms. Li holds a Master's Degree in public relations

from the

University of Houston

and a Diploma in Accounting from the

University of British Columbia

.

Joseph Hebert

, CEO and Director of Outcrop commented: "We are delighted to welcome Kathy to

join the Outcrop team. Kathy brings a wealth of experience in investor relations, deep knowledge of

capital markets, and a strong network of relationships across the financial community. She will work

closely with the executive leadership team and lead Outcrop's investor relations efforts to

communicate our key milestones to our stakeholders as we deliver on our strategy to advance the

exploration of five silver and gold projects with world-class discovery potential in

Colombia

."

Outcrop has granted 1,300,000 incentive stock options to officers and employees. The stock options

are exercisable at a price of

$0.13

and will expire on

April 8, 2027

. The incentive stock options were

granted pursuant to Outcrop's shareholder-approved stock option plan and are subject to the

policies of the TSX Venture Exchange and any applicable regulatory hold periods.

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

Kathy Li

Chief Executive Officer

Director of Investor Relations

+1 775 340 0450

+1 778 783 2818

[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/June2022/24/c9319.html

%SEDAR: 00005232E

For further information:

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

[email protected]; Kathy Li, Director of Investor Relations,

+1 778 783

2818, [email protected]

CO: Outcrop Silver & Gold Corporation

CNW 07:00e 24-JUN-22