Silver Dollar Closes Non-Brokered Private Placement Financing

FOR IMMEDIATE RELEASE

Silver Dollar Closes Non-Brokered Private Placement

Financing

VANCOUVER, BC – December 29, 2020 – Silver Dollar Resources Inc. (CSE: SLV) (“Silver

Dollar” or the “Company”) has completed a non-brokered private placement of 400,000 common

shares at a price of $1.40 per share to raise $560,000 in gross proceeds (the “Offering”).

First Majestic Silver Corp. (“First Majestic”) subscribed for 2 00,000 shares or $280,000 of the

Offering. This investment results in First Majestic holding app roximately 16.3 percent of Silver

Dollar’s issued and outstanding common shares.

All securities issued pursuant to this Offering will have a hol d period expiring four months after

the closing date.

The net proceeds of this financing will be used to fund the Company’s exploration and development

work on its projects in Red Lake, Ontario, Canada and Durango, Mexico, and for general working

capital purposes.

Silver Dollar relied on subsections 5.5(b) and 5.7(1)(a) of Multilateral Instrument 61-101 to exempt

the offering from the requirements for a formal valuation and minority shareholder approval.

About Silver Dollar Resources Inc.

Silver Dollar Resources Inc. is a mineral exploration company f ocused on creating shareholder

value by finding and developing economic precious and base metal deposits. Having completed its

initial public offering in May 2020, the Company trades on the Canadian Securities Exchange under

the symbol "SLV". Silver Dollar’s projects are located in two o f the prolific mining jurisdictions

in the world and include the adva nced exploration/development s tage La Joya Silver Project in

Durango, Mexico, and the discovery-stage Pakwash Lake and the L onglegged Lake properties in

the Red Lake Mining District of Ontario, Canada. The Company has an aggressive growth strategy

and is actively reviewing projec ts in mining-friendly jurisdict ions internationally for potential

acquisition.

For additional information, you can visit our website by clicki ng here, download our latest

presentation by clicking here and you can follow us on Twitter by clicking here.

ON BEHALF OF THE BOARD

Signed “Michael Romanik”

Michael Romanik,

President, CEO & Director

Direct line: (204) 724-0613

Email: [email protected]

Silver Dollar Resources Inc.

108 – 800 Kelly Road, Suite 416

Victoria, BC, V9B 6J9