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SNG.V ·

Silver Range Resources Extends the Closing of the Final Tranche of Private Placement

Financings

Suite 510 – 1100 Melville Street

Vancouver, B.C. V6E 4A6

Tel: 604-687-2522

www.silverrangeresources.com

TSX-V: SNG

NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO

UNITED STATES NEWSWIRE SERVICES

SILVER RANGE RESOURCES EXTENDS THE CLOSING OF THE FINAL TRANCHE OF

PRIVATE PLACEMENT

December 7, 2023 – Vancouver, B.C. – Silver Range Resources Ltd. [TSX-V:SNG] (“Silver Range ”)

announces that in regard to the placement originally announced August 30, 2023 it has been advised by the TSX

Venture Exchange that the Exchange has no objection to Silver Range closing the final tranche of the private

placement on or before January 12, 2024. An initial tranche of 825,000 units ($82,500) closed on October 10,

2023 and the financing remains open. Silver Range is offering up to an additional 5,175,000 units at a price of

$0.10 per unit, with each unit consisting of one common share and one non -transferable share purchase warrant.

Each warrant will entitle the holder to purc hase one additional common share at a price of $0.15 for two years

from closing, provided that in the event the closing market price of Silver Range’s shares is equal to or greater

than $0.20 for a period of 10 consecutive trading days subsequent to the expiry of the statutory hold period, Silver

Range will have the right to provide all warrantholders with notice that the expiry date for the warrants has been

shortened to 30 calendar days from the giving of such noti ce. The proceeds from the final tranche will be used

to finance further exploration in the southwestern United States and for working capital purposes.

About Silver Range Resources Ltd.

Silver Range is a precious metals prospect generator working in Nevada , Arizona and Northern Canada. It has

assembled a portfolio of 4 4 properties, 14 of which are currently optioned to others. Four other projects have

been converted to royalty interests. Silver Range is actively seeking other joint venture partners to explore the

high-grade precious metals targets in its portfolio.

The securities referred to in this news release have not been, nor will they be, registered under the United States

Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the

account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration

requirements. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for

offers to buy any securit ies. Any public offering of securities in the United States must be made by means of a

prospectus containing detailed information about the company and management, as well as financial statements.

ON BEHALF OF SILVER RANGE RESOURCES LTD.

“Mike Power”

President and CEO

2

For further information concerning the private placement, Silver Range or its exploration projects please

contact:

Investor Inquiries

Richard Drechsler

Vice-President, Communications

Tel: (604) 687-2522

NA Toll-Free: (888) 688-2522

[email protected]

http://www.silverrangeresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward looking statements based on assumptions and judgments of management

regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors

beyond its control, and actual results may differ materially from the expected results.