Silver Storm Closes Second and Final Tranche of Non-Brokered Private Placement FOR Aggregate Gross Proceeds of $21.0 Million
NEWS RELEASE
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR
DISSEMINATION IN THE UNITED STATES
SILVER STORM CLOSES SECOND AND FINAL TRANCHE OF NON-BROKERED PRIVATE
PLACEMENT FOR AGGREGATE GROSS PROCEEDS OF $21.0 MILLION
Toronto, Ontario, August 31, 2026: Silver Storm Mining Ltd. (“ Silver Storm” or the “ Company”)
(TSX.V: SVRS | FSE: SVR) is pleased to announce that it has closed the second and final tranche
(the “Second Tranche”) of its non-brokered private placement (the “Offering”). The Second Tranche
closed on August 28, 2026 with the issuance of 12,750,000 units of the Company (each, a “ Unit”) at
a price of $0.50 per Unit for aggregate gross proceeds of $6,375,000. Together with the first tranche
of the Offering (the “First Tranche”), the Company has issued an aggregate of 42,000,000 Units under
the Offering for total aggregate gross proceeds of $21,000,000. See the Company’s news releases
dated August 21, 2026, August 24, 2026, and August 26, 2026 for further details of the Offering.
Each Unit consists of one common share of the Company (a “ Common Share”) and one-half of one
common share purchase warrant. Each whole warrant (a “Warrant”) entitles the holder to acquire one
additional Common Share at a price of $0.70 for a period of 18 months from the closing of the Second
Tranche.
In connection with the Second Tranche, the Company paid cash finders’ fees totaling $ 136,918.50,
equal to 3.0% of the gross proceeds raised under the Second Tranche from investors introduced by
eligible finders, including Canaccord Genuity Corp., Research Capital Corp., Haywood Securities Inc.,
Leede Financial Inc., and Harbourfront Wealth Management Inc.
The Company intends to use the net proceeds of the Offering to fund surface and underground drilling
programs at its La Parrilla Silver Mine Complex (“La Parrilla”), and for general corporate and working
capital purposes.
The Offering was made available to accredited investors in all the provinces and territories of Canada
pursuant to the prospectus registration exemptions available under National Instrument 45 -106 –
Prospectus Exemptions . The Offering was conducted in part in the United States pursuant to
exemptions from the registration requirements under Rule 144A and/or Regulation D of the United
States Securities Act of 1933, as amended (the “ 1933 Act ”), and in other jurisdictions outside of
Canada and the United States, provided it is understood that no prospectus filing or comparable
obligation arises in such other jurisdictions. The securities issued pursuant to the Offering are subject
to a four month and one day hold period from the date of issuance of the applicable tranche.
The Offering has received conditional approval from the TSX Venture Exchange (the “TSXV”).
This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in
the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful. The securities offered have not been, nor will they be, registered
under the 1933 Act, or under any U.S. state securities laws, and may not be offered or sold in the
United States absent registration or an applicable exemption from such registration require ments,
including the exemptions referenced above.
NEWS RELEASE
About Silver Storm Mining Ltd.
Silver Storm Mining Ltd. holds advanced-stage silver projects in Durango State, Mexico. The Company
is transitioning its 100% -owned La Parrilla Silver Mine Complex, a prolific operation comprised of a
2,000 tpd mill and three underground mines, into production. Silver Storm also holds a 100% interest
in the San Diego Project which ranks among the largest undeveloped silver projects in Mexico. For
more information about Silver Storm and its projects, please visit our website at www.silverstorm.ca.
For additional information, please contact:
Greg McKenzie, President & CEO
Ph: +1 (416) 504-2024
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward Looking Statements:
Certain statements in this news release are forward -looking and involve a number of risks and
uncertainties. Such forward-looking statements are within the meaning of the phrase ‘forward-looking
information’ in the Canadian Securities Administrators’ Natio nal Instrument 51 -102 – Continuous
Disclosure Obligations. Forward -looking statements are not comprised of historical facts. Forward -
looking statements include estimates and statements that describe the Company’s future plans,
objectives or goals, including words to the effect that the Company or management expects a stated
condition or result to occur. Forward-looking statements may be identified by such terms as “believes”,
“anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking
statements are based on assumptions and address future events and conditions, by their very nature
they involve inherent risks and uncertainties. Although these statements are based on information
currently available to the Company, the Company provides no assurance that actual results will meet
management’s expectations. Risks, uncertainties and other factors involved with forward -looking
information could cause actual events, results, performance, prospects and opportunities to diff er
materially from those expressed or implied by such forward -looking information. Forward -looking
information in this news release includes, but is not limited to, the intended use of the proceeds of the
Offering and the Company’s plans to transition La Parrilla into production.
In making the forward -looking statements included in this news release, the Company has applied
several material assumptions, including that the Company will use the net proceeds of the Offering as
anticipated; that the Company’s financial condition and development plans do not change because of
unforeseen events; and management’s ability to execute its business strategy without unexpected or
adverse regulatory changes affecting La Parrilla. The Company cautions that its plans to transition La
Parrilla into production, and any related production decisions, are based largely on internal Company
data, historical operating results, reports, and engineering assessments, and are not supported by a
current mineral reserve estimate prepared in accordance with NI 43-101, or by a preliminary economic
assessment, pre-feasibility study, or feasibility study demonstrating economic and technical viability.
As a result, there is increased uncertainty and a higher degree of economic and technical risk
associated with the Company’s production plans than would be the case if such reserve estimates or
studies were completed and relied upon. No mineral reserves have been established for La Parrilla,
and mineral resources that are not reserves do not have demonstrated economic vi ability. There can
be no assurance that production at La Parrilla will proceed as anticipated, or at all, or that anticipated
production levels or operating costs will be achieved. Forward-looking statements and information are
subject to various known and unknown risks and uncertainties, many of which are beyond the
Company’s ability to control or predict, that may cause the Company’s actual results, performance or
achievements to differ materially from those expressed or implied by such forward-looking information.
NEWS RELEASE
Such forward -looking information represents management’s best judgment based on information
currently available. No forward -looking statement can be guaranteed, and actual future results may
vary materially. Accordingly, readers are advised not to place un due reliance on forward -looking
statements or information.