Silver Storm Reports 50% Completion of Processing Plant Rehabilitation Activities at LA Parrilla
NEWS RELEASE
SILVER STORM REPORTS 50% COMPLETION OF PROCESSING PLANT
REHABILITATION ACTIVITIES AT LA PARRILLA
Toronto, Ontario, February 26, 2026: Silver Storm Mining Ltd. (“ Silver Storm” or the " Company")
(TSX.V: SVRS | OTCQX: SVRSF | FSE: SVR) is pleased to provide an update on the progress of the
processing plant rehabilitation activities at the Company’s 100%-owned past-producing La Parrilla
Silver Mine Complex (“La Parrilla”) located in Durango State, Mexico.
Greg McKenzie, President and CEO, stated, “We are pleased to report that overall rehabilitation of
the La Parrilla processing plant has reached 50% completion. This progress represents an important
project milestone on the path to potentially restarting the operations at La Parrilla in the second quarter
of 2026.”
The rehabilitation work at the La Parrilla processing plant includes significant advancements in several
areas as outlined below:
• Primary raw material feed and crushing circuit: Rehabilitation of the primary raw material
feed and crushing circuit is nearing completion. Remaining work includes: a) refurbishment
and strengthening of the primary run-of-mine material bins ; and b) installation of the new
vibrating grizzly screen and primary jaw crusher, with both of these long-lead items already on
site. This work is scheduled to be completed in the next few weeks.
• Flotation circuit: The eight new 1,000 ft3 sulphide flotation cells (see the news release titled
“Silver Storm Commences the Expansion of the La Parrilla Sulphide Flotation Circuit to 1,250
tpd” released on February 3, 2026) have been set into their respective operating locations .
Next steps will include installation of agitators, piping, and electrification. Silver Storm expects
that installation of the new flotation cells will be fully completed by the end of the first quarter
of 2026, which would allow the nominal processing capacity of the sulphide flotation circuit to
be expanded from 1,000 tpd to 1,250 tpd. The existing eight cleaner cells are currently being
refurbished and will be installed sequentially over the next 8-10 weeks.
• Oxide circuit: The Company is in the process of rehabilitating six leach tanks, with ~40% of
the work completed to date. Seven holding and conditioning tanks also require rehabilitation,
and one conditioning tank will be replaced. The oxide circuit rehabilitation work is expected to
be completed early in the second quarter of 2026.
• Milling area: Rehabilitation of three ball mills and supporting infrastructure is underway. Milling
area rehabilitation work includes relining of the ball mills, revamping of the cooling system, and
installation of new cyclones and pumps, as required.
Figure 1: Grizzly vibrating screen delivered to site (left); leach tank rehabilitation (right)
Qualified Person
The scientific and technical information in this document has been reviewed and approved by Shane
Ghouralal, P.Eng., Director, Technical Services of the Company, a Qualified Person as defined by
National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).
About Silver Storm Mining Ltd.
Silver Storm Mining Ltd. holds advanced-stage silver projects located in Durango, Mexico. Silver Storm
is committed to advancing toward a potential near-term restart of its 100% -owned La Parrilla Silver
Mine Complex, a prolific operation comprised of a 2,000 tpd mill and three underground mines. The
Company also holds a 100% interest in the San Diego Project which ranks among the largest
undeveloped silver projects 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, including words to the effect that the Company or management and Qualified
Persons (in the case of technical and scientific information) expect 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 m eet 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: the Company's plans and expectations for La Parrilla; the timeline
for the completion of the rehabilitation work at La Parrilla; and the timeline and ability to place the La
Parrilla Silver Mine Complex back into operation.
In making the forward -looking statements included in this news release, the Company has applied
several material assumptions, including , among other things , the absence of material adverse
changes in market conditions, metal prices, permitting status, operating conditions, labour availability,
and access to required equipment, parts, and consumables . The Company cautions that its decision
to potentially restart operations at La Parrilla, and any related production decisions, are largely based
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,
preliminary economic assessments, pre -feasibility studies, or feasibility studies that demonstrate
economic and technical viability. As a result, there is increased uncertainty and a higher degree of
economic and technical risk associated with any such production decision than would be the case if
such mineral reserves estimates or studies were completed and relied upon to support a pro duction
decision. No mineral reserves have been established for La Parrilla, and mineral resources that are
not reserves do not have demonstrated economic viability. The absence of mineral reserve estimates
prepared in accordance with NI 43-101, preliminary economic assessments, pre-feasibility studies, or
feasibility studies supporting a production decision increases the uncertainty of achieving any
particular level of mineral recovery or the cost of such recovery and heightens the risks associated
with developing a commercially mineable deposit. Historically, projects advanced without the support
of such mineral reserves estimates and studies have experienced a significantly higher incidence of
economic and techni cal failure. There can be no assurance that production at La Parrilla will
commence as anticipated or at all, or that any anticipated production levels or operating costs will be
achieved. A failure to commence production would have a material adverse effe ct on the Company’s
ability to generate revenue and cash flow to fund its operations. Similarly, a failure to achieve
anticipated production costs would have a material adverse effect on the Company’s cash flow and
future profitability.
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.
Such forward-looking information represents management ’s and Qualified Persons ’ (in the case of
technical and scientific information) 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 undu e reliance on forward -looking statements or
information.