SLV.CN · 2022-05-04 12:00:00

Silver Dollar Intersects 89.57 g/t AgEQ over 125.3m from Surface at the New Brazo Discovery, La Joya Silver Project in Durango, Mexico

Drill Results

FOR IMMEDIATE RELEASE

Silver Dollar Intersects 89.57 g/t AgEQ over 125.3m

from Surface at the New Brazo Discovery, La Joya

Silver Project in Durango, Mexico

Phase II drilling in progress and the Company is fully funded for 2022

VANCOUVER, BC – May 4, 2022 – Silver Dollar Resources Inc. (CSE: SLV) (OTCQX:

SLVDF) (“Silver Dollar” or the “Company”) is pleased to report th e remaining assay results

from the Phase I drilling completed on the underexpl ored Noria portion of the La Joya Silver

Project (the “Property”) located in the state of Durango, Mexico. Phase II drilling is now in progress

and targeting the wide intervals of mineralization intersected in the new Phase I discoveries.

Highlights include:

 Hole NOR-22-008 intersected 89.57 grams per tonne (g/t) silv er equivalent (AgEQ) over

125.3 metres (m) starting at 3 m downhole. This interval includes 267.56 g/t AgEQ over

10.47m starting at 70.53 m downhole. Minerali zation consists of Ag, gold (Au), copper

(Cu), lead (Pb), and zinc (Zn) mineralization over wide intervals associated with sulphide

veins, hornfels, and quartz veins hosted in Indidura formation carbonates adjacent to a

monzonite intrusive.

 Hole NOR-22-009 intersected 60.33 g/t AgEQ over 58.84m starting at 75.83m downhole.

This hole was higher grade in gold recording 0.66 g/t Au ov er the same 58.84m interval.

Gold tenors were over twice the grade and triple the width of mineralization encountered in

historical hole LJ-DD12-96.

 Phase I drilling exceeded expectations by:

o identifying structural extensions of the known mineralized zones;

o the discovery of a near-surface gold zone with appreciable grades and widths; and

o wide skarn-type Ag-Au-Cu-Pb-Zn mine ralization representing a new extension

along the unexplored Coloradito intrusive beyond historical workings.

Drill core samples from all 11 holes completed over a total of 2,424 metres of Phase I drilling were

submitted for analysis. Results for the first se ven holes were reported on March 24, 2022 (See:

news release), and the results reported below are for the last four holes.

“Our successful Phase I drilling has provided us with several ne w follow-up targets well outside

the historic resource area. Assays from hole 8, which is approximately 1 kilometre west of the Main

Mineralized Trend, are some of the best results ever reported from the Coloradito area,” said Mike

Romanik, president of Silver Dollar. “Phase II drilling continues, and we have encountered similar

sulphide mineralization over even broader widths and will expand the program as analytical results

dictate.”

Phase 1 Drilling Objectives and Discussion

Hole NOR-22-008 (See: cross-section) was designed to target minera lization on the west side of

the Coloradito intrusive where anomalous gold and zi nc values were intersected in historical hole

LLDD12-96. This hole intersected wide intervals of skarn-type Ag-Au-Cu-Pb-Zn representing the

highest reported grades and widths to date from the Coloradito area. This area represents an exciting

new discovery, particularly given it is located a full kilometre west of the Main Mineralized Trend.

Hole NOR-22-009 (See: cross-section) was designed to test the downward extension of the

mineralization previously encountered in hole LJ- DD12-96 with an intercep t of 0.32 g/t Au over

29m. This hole returned 0.66 g/t Au over 58.84m starting at 75.83m downhole, both increasing

previous gold tenors and width en countered in historical hole LJ-DD12-96. This intercept also

averaged 60.33 g/t AgEQ. Additional drilling in Ph ase II will follow up on this near-surface gold

and skarn polymetallic mineralization.

Hole NOR-22-010 was designed to te st mineralization at a depth of 375m. While th e deep target

was not encountered, interesting values were intercepted at shallower depths with the hole returning

72.29 g/t AgEQ over 13.32m starting at 112.73m downhole, which included 0.78 g/t Au over the

same interval. The above interval includes 305.57 g/t AgEQ and 3.63 g/t Au over 2.09m starting at

123.96m downhole. Higher grade gold mineralization in Phase I has been observed associated with

rhodonite and within an 80-170m vertical depth hor izon spatially associated with the Coloradito

intrusive. This higher-grade go ld corridor which repo rted 29 g/t Au ove r 1.01m in NOR-21-004

represents a potential new target for Phase II follow-up drilling.

Hole NOR-22-011 targeted a western extension of the Yeyis structure with an intercept of 0.55 g/t

Au over 7.87m starting at 155.23m downhole. While this mineralization generally coincides with

the strike of the Yeyis structure, it is right on the intrusive contact.

Table 1: A summary of downhole drill intersection results for the last four holes of the Phase I program.

Drill Hole

From

(m)

Length1

(m)

(g/t

(g/t)

AgEQ2

(g/t)

NOR-22-008 3 128.3 125.3 40.61 0.11 0.05 0.18 0.55 89.57

Including 70.53 81 10.47 137.0 0.23 0.14 0.39 1.67 267.57

NOR-21-009 75.83 134.67 58.84 2.58 0.66 0.03 - 0.03 60.33

NOR-22-010 112.73 126.05 13.32 2.78 0.79 0.48 - - 72.29

Including 123.96 126.05 2.09 6.05 3.63 0.08 - - 305.58

NOR-21-011 25.64 169.1 143.46 7.52 0.07 0.06 0.02 - 21.83

Including 155.23 163.1 7.87 4.85 0.55 0.08 0.03 - 60.44

1. True widths have yet to be determined.

2. AgEQ in results assume (USD) $1,750 Au and $22 Ag per/oz, and $4.30 Cu, $1.25 Pb, and $1.50 Zn per/lb, and 100% metallurgical recovery.

Table 2: La Joya Drillhole Details

Procedure, Quality Assurance / Quality Control, and Data Verification

The diamond drill core (HQ size) was geol ogically logged, photographed, and marked for

sampling. Core designated for sampling was sawn in half with a diamond blade core saw. One-half

of the core was sealed in plastic bags and sh ipped for analysis. The remaining half portion is

returned to the core trays for storage and/or for metallurgical test work.

The sealed and tagged sample bags were transporte d to either the ActLabs facility in Zacatecas,

Mexico or the Bureau Veritas facility in Dura ngo, Mexico where the sa mples were crushed and

200–300-gram pulp samples prepared with ni nety percent passing Tyler 150 mesh (106 μm). The

pulps were assayed for gold using a 30-gram char ge by fire assay (Code 1A2 and/or FA450) and

over limits greater than 10 grams per tonne were re-assayed using a gravimetric finish (Code 1A3

and/or FA550). Silver and multi-element analysis was completed using total digestion (Code 1F2

Total Digestion ICP). Over limits greater than 100 grams per tonne silver were re-assayed using a

gravimetric finish (Code 8-Ag FA-GRAV Ag).

Quality assurance and quality control ("QA/QC") procedures monitor the chain of custody of the

samples and include the systematic insertion and monitoring of appropriate reference materials

(certified standards, blanks, and duplicates) into the sample strings. The results of the assaying of

the QA/QC material included in each batch were tracked to ensure the integrity of the assay data.

All results stated in this announcement have passed Silver Dollar’s QA/QC protocols.

Mike Kilbourne, P.Geo., an independent Qualifie d Person as defined in NI 43-101, has reviewed

and approved the technical contents of this news release on behalf of the Company.

About the La Joya Project

The La Joya Property is situated approximately 75 kilometres directly southeast of the state capital

city of Durango in a prolific mineralized region with past-producing and operating mines including

Grupo Mexico's San Martin Mine, Industrias Penoles 's Sabinas Mine, Pan American Silver's La

Colorada Mine, and First Majestic's La Parrill a and Del Toro Silver Mines. For additional

information on the Property click on the image below to watch the two-minute video.

Drill Hole # Target

Area

Target

Depth

(m)

Collar

Collar Azimuth Dip Hole

Length (m)

NOR-22-008 Noria 144 608177.42 2640834.52 90 -45 144

NOR-22-009 Noria 200 608230.07 2640747.25 45 -65 186

NOR-22-010 Noria 440 609654 2641465 180 -65 441

NOR-22-011 Noria 200 609527 2640249 180 -45 201

Figure 1: Click on the image above to view a two-minute video introducing the La Joya Project

About Silver Dollar Resources Inc.

Silver Dollar is a mineral exploration company that completed its initial public offering in May

2020 and is fully funded for 2022 with approxima tely $9 million in the treasury. The Company’s

projects are located in two of the prolific mining jurisdictions in the world and include the advanced

exploration and development stage La Joya Silver Project in the state of Durango, Mexico; and the

discovery-stage Pakwash Lake and the Longlegge d Lake properties in the Red Lake Mining

District of Ontario, Canada. Th e Company has an aggressive gr owth strategy and is actively

reviewing potentially accretive acquisitions with a focus on drill-ready projects in mining-friendly

jurisdictions internationally.

For additional information, you can download our latest presentation by clicking here and you can

ON BEHALF OF THE BOARD

Signed “Michael Romanik”

Michael Romanik,

President, CEO & Director

Silver Dollar Resources Inc.

Direct line: (204) 724-0613

Email: [email protected]

179 - 2945 Jacklin Road, Suite 416

Victoria, BC, V9B 6J9

Forward-Looking Statements:

This news release may contain “forward-looking stat ements.” Forward-looking statements involve known and

unknown risks, uncertainties, assumptions and other fact ors that may cause the actual results, performance or

achievements of the Company to be materially different from any future results, performance or achievements

expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of

this news release and, except as may be required by app licable securities laws, the Company disclaims any intent or

obligation to update any forward-looking statement, whether as a result of new information, future events or results or

otherwise.

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