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Silver One Amends Warrant Terms

Share Capital & Compensation

Silver One Amends Warrant Terms

Vancouver, British Columbia--(Newsfile Corp. - January 9, 2023) - Silver One Resources Inc. (TSXV:

SVE) (OTCQX: SLVRF) (FSE: BRK1) ("Silver One" or the "Company") announces the TSX Venture

Exchange has accepted the extension to the expiry date of 8,297,000 share purchase warrants (the

"Warrants") issued to subscribers under the Company's private placement that closed on January 20,

2020. The Company confirms the extension of the Warrants as follows: 4,576,000 Warrants from

January 13, 2023, to January 13, 2024; and 3,721,000 Warrants from January 17, 2023 to January 17,

2024.

The exercise price of $0.40 and all other terms of the Warrants will remain unchanged for the extended

exercise period.

About Silver One

Silver One is focused on the exploration and development of quality silver projects.

The Company holds

an option to acquire a 100%-interest in its flagship project, the past-producing Candelaria Mine located

in Nevada.

Potential reprocessing of silver from the historic leach pads at Candelaria provides an

opportunity for possible near-term production.

Additional opportunities lie in previously identified high-

grade silver intercepts down-dip and potentially increasing the substantive silver mineralization along-

strike from the two past-producing open pits.

The Company has staked 636 lode claims and entered into a Lease/Purchase Agreement to acquire

five patented claims on its Cherokee project located in Lincoln County, Nevada, host to multiple silver-

copper-gold vein systems, traced to date for over 11 km along-strike.

Silver One holds an option to acquire a 100% interest in the Silver Phoenix Project. The Silver Phoenix

Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt", immediately

adjacent to the prolific copper producing area of Globe, Arizona.

For more information, please contact:

Silver One Resources Inc.

Gary Lindsey - VP, Investor Relations

Phone: 604-974-5274

Mobile : (720) 273-6224

Email :

[email protected]

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on

assumptions as of the date of this news release. These statements reflect management's current

estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Silver

One cautions that all forward-looking statements are inherently uncertain, and that actual performance

may be affected by a number of material factors, many of which are beyond Silver One's control. Such

factors include, among other things: risks and uncertainties relating to Silver One's limited operating

history, ability to obtain sufficient financing to carry out its exploration and development objectives on the

Candelaria Project, obtaining the necessary permits to carry out its activities and the need to comply

with environmental and governmental regulations. Accordingly, actual and future events, conditions and

results may differ materially from the estimates, beliefs, intentions and expectations expressed or

implied in the forward-looking information. Except as required under applicable securities legislation,

Silver One undertakes no obligation to publicly update or revise forward-looking information.

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.

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

https://www.newsfilecorp.com/release/150751