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SNG.V ·

Silver Range Resources Ltd. Closes Private Placement and Provides Exploration Update

Financings Exploration Programs

Suite 510 – 1100 Melville Street

Vancouver, B.C. V6E 4A6

Tel: 604-687-2522

www.silverrangeresources.com

TSX-V: SNG

SILVER RANGE RESOURCES LTD. CLOSES PRIVATE PLACEMENT AND PROVIDES

EXPLORATION UPDATE

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

UNITED STATES NEWSWIRE SERVICES

April 11, 2022 – Vancouver, B.C. – Silver Range Resources Ltd. [TSX-V:SNG] (“Silver Range”) announces

the closing of the private placement announced on March 30, 2022, consisting of the sale of 4,000,000 units at a

price of $0.15 each for total proceeds of $600,000 . Each unit consisted of one common share and one non -

transferable share purchase warrant, with each warrant entitling the holder to purchase one additional common

share at a price of $0.20 until April 11, 2024. All shares issued pursuant to the private placement, including any

shares that may be issued pursuant to the exe rcise of the warrants, are subject to a hold period in Canada until

August 12, 2022.

Silver Range paid cash finder s’ fees totalling $4,875 to GloR es Securities Inc. and Canaccord Genuity Corp. in

connection with this private placement.

Nevada operations update

In March and early April, Silver Range completed a first pass (10 trench) program at the Cambridge Property

near Yerington, investigating highly anomalous gold -in-soil anomalies. At the Bellehelen Property east of

Tonopah, gold-in-soil anomalies were tren ched on the BH Grid east of the former Ben Hur Mine. Results are

pending. Reconnaissance work followed by staking were completed on a target in southern Nevada. Silver

Range is sponsoring and will be attending the 2022 Geological Society of Nevada at th e end of April. Field

operations should resume shortly thereafter.

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 4 5 properties, 13 of which are currently optioned to others. Four 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 thi s 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 securities. 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.

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ON BEHALF OF SILVER RANGE RESOURCES LTD.

“Michael A. Power”

President and Chief Executive Officer

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

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.

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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

Neither the TSX Venture Exchange nor its Regulation Services Provider (a s 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.