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Southern Silver Retains Red Cloud Financial Services Inc. as Capital Markets Advisor

Marketing Announcement

Southern Silver Retains Red Cloud Financial Services

Inc. as Capital Markets Advisor

Vancouver, British Columbia--(Newsfile Corp. - January 30, 2020) -

Southern Silver Exploration Corp. (TSXV: SSV) (the

"Company") reports that it has retained Red Cloud Financial Services Inc. ("

Red Cloud

") to provide the Company with capital

markets advisory services for a monthly fee and a transaction fee.

Red Cloud is a "new concept" capital markets advisory firm dedicated to the mining sector. It uses its global network of capital

markets specialists and extensive experience in the many facets of the business to help companies identify alternative sources

of capital and quality actionable growth/divestiture opportunities, and to generate and maintain important relationships with key

investors. Red Cloud Financial Services Inc. is registered as an Exempt Market Dealer in all provinces of Canada, as well as the

Yukon, and is subject to applicable securities regulation.

As part of Red Cloud's engagement, it will be arranging a series of meetings in cities throughout North America for Company

officials to present the Company to investors and analysts with initial meetings scheduled in February 2020 in Kelowna and

Calgary followed by additional presentations internationally.

As well, Southern Silver will be coordinating with Red Cloud to provide on a timely basis, programs encompassing Social

Media, Research and utilizing the Red Cloud TV and sales desk to bring further awareness and exposure to Southern Silver's

Cerro Las Minitas, Ag-Pb-Zn project in Durango, Mexico.

About Southern Silver Exploration Corp.

Southern Silver Exploration Corp. is a precious metal exploration and development company with a focus on the discovery of

world-class mineral deposits in north-central Mexico and the southern USA. Our specific emphasis is the Cerro Las Minitas

silver-lead-zinc project located in the heart of Mexico's Faja de Plata, which hosts multiple world-class mineral deposits such as

Penasquito, San Martin, Naica and Pitarrilla. We have assembled a team of highly experienced technical, operational and

transactional professionals to support our exploration efforts in developing, along with our partner, Electrum Global Holdings LP,

the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. The Company engages in the acquisition,

exploration and development either directly or through joint-venture relationships in mineral properties in major jurisdictions. Our

property portfolio also includes the Oro porphyry copper-gold project located in southern New Mexico, USA.

On behalf of the Board of Directors

"Lawrence Page"

Lawrence Page, Q.C.

President & Director, Southern Silver Exploration Corp.

For further information, please visit Southern Silver's website at

southernsilverexploration.com

or contact us at 604.641.2759 or

by email at

[email protected]

.

Neither 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. Forward-looking statements address future events and conditions

and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in

such statements. Factors that could cause actual results to differ materially from those in forward looking statements include

the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and

general economic, market or business conditions.

Southern Silver Exploration Corp. does not assume any obligation to

update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to

the extent required by applicable law.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/51939