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SNG.V ·

Silver Range Resources Ltd. Announces Private Placement

Financings

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 PRIVATE PLACEMENT

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

UNITED STATES NEWSWIRE SERVICES

February 17, 202 1 – Vancouver, B.C. – Silver Range Resources Ltd. [TSX-V:SNG] (“Silver Range ”)

announces a non-brokered private placement of up to 2,330,000 units at a price of $0. 25 per unit, for total

proceeds of up to $582,500. Each unit will consist of one common share and one non -transferable share

purchase warrant, with each warrant to entitle the holder to purchase one additional common share at a price of

$0.33 for a period of three years from closing, provided that in the event the closing price of Silver Range’s

shares is $0.40 or greater for a period of ten consecutive trading days subsequent t o the expiry of the statutory

hold period, Silver Range will have the right to provide all warrant holders with notice that the expiry date for

the warrants has been shortened to thirty calendar days from the giving of such notice..

This private placement is subject to regulatory acceptance and is expected to close by February 26, 2021. The

proceeds will be used to finance further exploration in Nevada and for working capital purposes.

About Silver Range Resources Ltd.

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

portfolio of 44 properties, 10 of which are currently optioned to others. Si lver Range is actively seeking other

joint venture partners to explore the high-grade precious metal 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 secur ities. 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

For further information concerning Silver Range or its exploration projects please contact:

Investor Inquiries

Richard Drechsler

Vice-President, Communications

Tel: (604) 687-2522

2

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.