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SNG.V ·

Silver Range Resources Ltd. announces issuances of “Shares for Services”

Share Capital & Compensation

Suite 1016 – 510 West Hastings Street

Vancouver, B.C. V6B 1L8

Tel: 604-687-2522

www.silverrangeresources.com

TSX-V: SNG

Silver Range Resources Ltd. announces issuances of “Shares for Services”

Vancouver, B.C. - October 13, 2021 - Silver Range Resources Ltd. (TSX-V: SNG) (“Silver Range” or

the “Company”) announces that it has issued the following shares to Paladin Geoscience Corp.

(“Paladin”), a private company controlled by Michael A. Power, Silver Range’s President and Chief

Executive Officer pursuant to “Shares for Services Agreements”:

(a) 172,147 shares for th e period October 1, 2020 to March 31, 202 1, which shares were

subject to a hold period which expired on October 1, 2021; and

(b) 223,136 shares for the period April 1, 2021 to September 30, 2021 , which shares are

subject to a hold period which expires on February 13, 2022.

The shares were issued in partial consideration for geological and other consulting services provided to

Silver Range by Paladin during the above-mentioned periods.

The shares were issued at a deemed price per share equal to the market price of Silver Range’s shares as

traded on the TSX Venture Exchange (the “Exchange”) as calculated at the end of each month in which

such services were provided, minus 50% of the disco unt permitted under applicable Exchange policies.

All consulting fees not paid for by the issuance of Silver Range shares are paid in cash.

About Silver Range Resources Ltd.

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

assembled a portfolio of 45 properties, of which 16 are currently under option to others . Three other

properties 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.

ON BEHALF OF SILVER RANGE RESOURCES LTD.

“Michael A. Power”

President, Chief Executive Officer and Director

For further information concerning 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

2

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 news

release.

This news release may contain forward loo king 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 expe cted results.