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SLV.CN ·

Silver Dollar Resources Announces New Nominee to Stand for Election to Board of Directors

Corporate Updates

FOR IMMEDIATE RELEASE

Silver Dollar Resources Announces New Nominee to

Stand for Election to Board of Directors

Guillermo Lozano-Chávez, MSc., MBA, is a Professional Geologist with over 40

years of experience in Latin American mineral exploration

VANCOUVER, BC – January 20, 2021 – Silver Dollar Resources Inc. (CSE: SLV) (OTCQB:

SLVDF) (“Silver Dollar” or the “Company”) is pleased to announce Mr. Guillermo Lozano-

Chávez has been nominated to join the board of directors and will stand for election at its upcoming

Annual General and Special Meeting on February 25, 2021.

Mr. Lozano is a Professional Geologist with over 40 years of experience in mineral exploration in

Latin America and manages his own geological consulting firm. Previously, he was vice president

of exploration for First Majestic Silver Corp., where he was re sponsible for all exploration

programs in and around five operati ng mines. Before joining Fir st Majestic, he was director of

exploration for Silver Standard Resources Inc., where he manage d their Mexico exploration and

oversaw their Peruvian and Argen tinian exploration activities f rom 2002 through 2012. Prior to

joining Silver Standard and sin ce 1990, he worked as a consulta nt for several international major

and junior companies in Central and South America, while managing his consulting firm in Mexico.

Before that, he worked for the Penoles Group as an exploration geologist and mine manager.

Mr. Lozano holds a Bachelor of Science in Geological Engineering from the National Polytechnical

Institute of Mexico City, a Mast er of Science degree in Geology from the University of Missouri

at Columbia, and a Master of Business Administration in Finance, from the University of Texas at

El Paso.

Mr. Garry Clark, P.Geo., will not stand for re-election to the Company’s board of directors at its

Annual General and Special Meeting. The board thanks Mr. Clark for his contribution to the

Company and wishes him well in all his future endeavours.

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" and on the OTCQB under “SLVDF”. Silver Dollar’s projects are located in two

of the prolific mining jurisdic tions in the world and include t he advanced exploration and

development stage La Joya Silver Project in Durango, Mexico, an d the discovery-stage Pakwash

Lake and the Longlegged Lake properties in the Red Lake Mining District of Ontario, Canada. The

Company has an aggressive growth strategy and is actively revie wing projects in mining-friendly

jurisdictions internationally for potential acquisition.

For additional information: contact investor relations, you can download our latest presentation

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

Joseph Cullen,

Investor Relations Manager

Direct line: (778) 919-8615

Email: [email protected]

ON BEHALF OF THE BOARD

Signed “Michael Romanik”

Michael Romanik,

President, CEO & Director

Silver Dollar Resources Inc.

Suite 108 - 800 Kelly Road, Suite 416

Victoria, BC, V9B 6J9

Forward-Looking Statements:

This news release may contain “forward-looking statements” that involve known and unknown risks, uncertainties,

assumptions and other factors 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 applicable 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.