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SVG.V ·

Silver Grail Announces Change of Auditor

Regulatory & Compliance

SILVER GRAIL RESOURCES LTD.

2130 Crescent Road

Victoria, BC V8S 2H3

Phone: (778) 430-5680

Website: www.silvergrail.com

NEWS RELEASE – JUNE 12, 2023

Silver Grail Announces Change of Auditor

Victoria, Canada – Silver Grail Resources Ltd. (“Silver Grail” or “the Company”) (“SVG”-TSX-V)

reports that effective June 9, 2023, Charlton & Co mpany, Chartered Professional Accountants have been

appointed as the Company’s auditor until the next annual general meeting of the Company. The Board of

Directors th anks the firm of Manning Elliott LLP, Chart ered Professional Accountants for their past

services.

About Silver Grail

Silver Grail owns interests in over 12 mineral properties in the southern portion of the Golden Triangle, all

located within 35 k ilometers the town of Stewart, BC. Many of these properties contain veins or shear

zones hosting significant amounts of silver mineralization, often accompanied by gold, copper, lead or zinc.

In addition, the Company also owns interests in two other properties in British Columbia containing cobalt

mineralization. At this time, the most prospective of these is the Pacifico on northern Vancouver Island

which has some of the most anomalous cobalt stream geochemistry in the province.

More detailed information can be found at the Company’s website, www.silvergrail.com.

On Behalf of the Board of Directors of Silver Grail Resources:

"Dino Cremonese, P.Eng."

Dino Cremonese, P. Eng.,

President and Chief Executive Officer

For further information, please contact:

Barry Holmes

Corporate Development and Communications

Tel. 778-430-5680

Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX V enture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements regarding Forward-Looking information

Certain statements contained in this press release constitute forward-looking information. These statements relate

to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will",

"projected", "estimated" and similar expressions and statements relating to matters that are not historical facts

are intended to identify forward-looking information and are based on the Company's current belief or assumptions

as to the outcome and timing of such future events. Actual future results may differ materially.

All statements relating to future plans, objectives or expectations of the Company are forward -looking statements

that involve various risks and uncertainties. There can be no assurance that such statements will prove to be

accurate and actual results and future events could differ materially from those anticipated in such statements.

Important factors that could cause actual results to differ materially from the Company's plans or expectations

include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of

equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, gene ral

economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals

and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.

The Company expressly dis claims any intention or obligation to update or revise any forward -looking statements

whether as a result of new information, future events or otherwise except as otherwise required by applicable

securities legislation.