Silver Storm Mining Ltd. Announces Reinstatement of Trading ON the
NEWS RELEASE
SILVER STORM MINING LTD. ANNOUNCES REINSTATEMENT OF TRADING ON THE
TSX-V, PROJECT UPDATE AND SHAREHOLDER MEETING DATE
Toronto, Ontario, November 27, 2024: Silver Storm Mining Ltd. (“Silver Storm” or the "Company")
(TSX.V: SVRS | OTC: SVRSF | FSE: SVR) is pleased to announce that trading of its common shares
will resume on the TSX Venture Exchange (" TSXV") at the opening of the market on Thursday,
November 28, 2024. This follows the successful resolution of the cease trade order issued by the
British Columbia Securities Commission ("BCSC") on October 15, 2024 and revoked by the BCSC on
November 8, 2024.
The Company acknowledges and appreciates the patience of its shareholders and stakeholders
during this process and reaffirms its commitment to adhering to high standards of compliance and
corporate governance.
Project Update – La Parrilla
The underground diamond drill program at the Company’s 100% owned La Parrilla Silver Complex
was completed in October 2024. A total of 18,682 metres (“ m”) was drilled during Phase 1 & 2, with
12,265 m reported to-date. Upon completion of the QA/QC as well as interpretation, the additional
6,417 m will be reported over the coming weeks.
The Company has engaged SRK Canada Inc. to prepare a Mineral Resource Update for the project,
with completion targeted in January 2025. The favourable drill results from Phase 1 & 2 diamond
drilling are expected to have a positive impact on the Mineral Resource Update.
Greg McKenzie, President and CEO, commented: “The successful results achieved from our first
diamond drill program at La Parrilla have greatly enhanced our knowledge of the mineralization as
well as controlling features and systems. Furthermore, the high-grade drill results clearly demonstrate
that zones previously mined by First Majestic Silver continue down-plunge and along strike.”
Annual Shareholders' Meeting Announcement
Silver Storm Mining Ltd. is also pleased to announce that its Annual Shareholders' Meeting will be
held on January 24, 2025, at 10:00 a.m. EST. Shareholders of record as of December 23, 2024 will
be entitled to vote at the meeting. Further details, including the meeting agenda and instructions for
participation, will be provided in the Notice of Meeting and Management Information Circular to be
sent to shareholders in due course.
Review by Qualified Person and QA/QC
The scientific and technical information in this document has been reviewed and approved by Bruce
Robbins, P.Geo., a Qualified Person as defined by National Instrument 43-101.
About Silver Storm Mining Ltd.
Silver Storm Mining Ltd. holds advanced-stage silver projects located in Durango, Mexico. Silver Storm
recently completed the acquisition of 100% of the La Parrilla Silver Mine Complex, a prolific operation
which is comprised of a 2,000 tpd mill as well as five underground mines and an open pit that
collectively produced 34.3 million silver -equivalent ounces between 2005 and 2019. The Company
also holds a 100% interest in the San Diego Project, which is among the largest undeveloped silver
assets in Mexico. For more information regarding the Company 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, includin g words to the effect that the Company or management and Qualified
Persons (in the case of technical and scientific information) 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 assump tions 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 differ
materially from those expressed or implied by such forward-looking information. Forward -looking
information in this news release includes, but is not limited to, reinstatement to the TSX -V, the
Company’s Annual Shareholder Meeting , the timing and completion of additional drill results, the
timing and completion of the Mineral Resource Update, and expectations relating thereto.
In making the forward-looking statements included in this news release, the Company and Qualified
Persons (in the case of technical and scientific information) has applied several material assumptions,
including that the Company´s financial condition and development plans do not change because of
unforeseen events. Forward -looking statements and information are subject to various known and
unknown risks and uncertainties, many of which are beyond the ability of the Company to control or
predict, that may cause the Company’s actual results, performance or achievements to be materially
different from those expressed or implied thereby, and are developed based on assumptions about
such risks, uncertainties and other factors set out herein, including, but not li mited to, there being no
assurance that the Company’s current and future exploration programs will grow the Mineral Resource
base or upgrade Mineral Resource confidence, the risk that the assumptions referred to above prove
not to be valid or reliable, the risk that the Company is unable to achieve its goal of placing La Parrilla
back into production; market conditions and volatility and global economic conditions including
increased volatility and potentially negative capital raising conditions resulting f rom the continued or
escalation of the COVID-19 pandemic, risk of delay and/or cessation in planned work or changes in
the Company’s financial condition and development plans employee relations; relationships with and
claims by local communities and indigenous populations; availability and increasing costs associated
with mining inputs and labour, the speculative nature of mineral exploration and development,
including the risks of obtaining necessary licenses and permits and the presence of laws and
regulations that may impose restrictions on mining, including the Mexican mining reforms; risks relating
to environmental regulation and liability; the possibility that results will not be consistent with the
Company’s expectations; risks relating to completion of the annual audit in a timely manner.
Such forward-looking information represents 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 undue reliance on forward -looking statements or
information.