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A Greener Future Through Resource Discovery SWLF: TSX.V SWLFF: OTCQB Silver Wolf Exploration Ltd. T (604) 682 3701

Corporate Updates

A Greener Future Through Resource Discovery

SWLF: TSX.V SWLFF: OTCQB

Silver Wolf Exploration Ltd. T (604) 682 3701

Suite 900-570 Granville Street F (604) 682 3600

Vancouver, BC V6C 3P1 www.silverwolfexploration.com

September 27, 2021

SILVER WOLF ANNOUNCES 9.31 G/T GOLD SAMPLE FROM ON-GOING

SURFACE SAMPLING PROGRAM

VANCOUVER, B.C., September 27, 2021: Silver Wolf Exploration Ltd. (OTCQB: SWLFF) (TSX-V: SWLF) (“Silver Wolf” or the

“Company”) is pleased to announce that it has received the assay results from three hundred and thirty six (336) grab

samples collected during the 2nd phase of the exploration program at the Ana Maria Property, located 21 kilometres (km)

northwest of the City of Gómez Palacio and the adjacent City of Torreón. The property consists of 9 mining concessions

encompassing 2,549 hectares (ha).

“Our field geologists have undertaken a sampling program across the identified skarn mineralization where it outcrops on

surface. In addition, we have continued the comprehensive mapping of the skarn at the contact between the intrusive

and limestone” said Peter Latta, President. “ The results of these samples indicate there is the potential that the skarn

structure may host economic mineralization. These results support our belief in the possibility of making a discovery along

the 4.1 km contact. We will layer in data from geophysical surveys and continue with the mapping and sampling fieldwork

as we work to refine our drill targets for later this year.”

Ana Maria Exploration Work

The Ana Maria Central and South claim groups are shown in Figures 1 and 2 with the location of samples that have assays

of copper, lead and zinc grades greater than 0.1% as well as all the highlighted samples listed Table 1 and 2, respectively.

The numbers listed in the figures correspond to the sample number in the full list available on our website and in the

abbreviated Table 1 and 2.

The main focus of the mapping and sampling to date has been on the Ana Maria Central claim group as a skarn structure

has been identified outcropping on surface with widths ranging from 0.5 - 60 m along the 4.1 km long contact. In addition,

the lower claim hosts structures that are consistent with the carbonate replacement deposit (CRD) model and displays

mineralization that may be related to the intrusive which warrant further investigation. A detailed list of the work

performed at the property to date is included in Silver Wolf’s August 3rd press release, which can be viewed on our website

at Silverwolf.com/news releases. In summary, the Silver Wolf team has been following the plan laid out in the NI 43-101

technical report as filed on SEDAR . Future work will include performing a geophysical survey using electromagnetic

methods to identify anomalies along the mapped skarn structure, refine drill targets in addition to continued mapping and

sampling work. Updates will be provided as the information becomes available.

Highlights from Ana Maria Central and Ana Maria South are indicated in the tables below. The complete list of the samples

are available at this link: Master List of Grab Samples.

News Release

News Release – September 27, 2021 – Silver Wolf Announces 9.31 g/t Gold Sample from On-going Surface Sampling Program – Page 2

Table 1: Significant highlights from Ana Maria Central

Sample Number Coordinate-

X (WGS84)

Coordinate-

Y (WGS84)

Au

g/t

Ag

g/t

Cu

%

Pb

%

Zn

%

63 633285 2838537 0.038 8 0.054 1.490 0.440

267 634500 2839833 0.270 41 0.025 0.109 0.116

275 633778 2839485 1.000 18 0.912 0.005 0.122

276 633771 2839491 0.810 3 0.643 0.007 0.302

279 633862 2839591 0.028 1 0.006 0.004 1.290

280 633863 2839591 9.310 4 0.029 0.046 2.370

281 633832 2839545 0.840 13 1.470 0.003 0.384

282 633792 2839532 0.618 2 0.036 0.005 0.118

295 635258 2840723 0.050 22 0.059 0.192 1.200

306 631215 2837419 0.012 51 0.099 3.530 0.208

410 633834 2839506 0.667 13 0.448 0.011 0.578

Figure 1: Ana Maria Central Claim Showing Sample Numbers with Significant Results

News Release – September 27, 2021 – Silver Wolf Announces 9.31 g/t Gold Sample from On-going Surface Sampling Program – Page 3

Table 2: Significant highlights from Ana Maria South

Figure 2: Ana Maria Southern Claim showing Sample Numbers with Significant Results

Sample Number Coordinate-

X (WGS84)

Coordinate-

Y (WGS84)

Au

g/t

Ag

g/t

Cu

%

Pb

%

Zn

%

119 637266 2827998 0.003 60 3.720 0.004 0.061

120 637264 2827997 0.003 37 2.100 0.018 0.051

121 637260 2827995 0.003 40 2.070 0.008 0.044

333 636000 2828896 0.008 42 1.250 0.043 0.023

334 636009 2828900 0.016 157 3.010 0.046 0.010

335 636008 2828894 0.003 26 1.350 0.002 0.006

337 635987 2828881 0.003 49 0.822 0.232 0.065

418 636353 2828319 0.003 87 0.009 2.690 3.200

420 636372 2828322 0.003 55 0.006 0.792 5.220

422 636029 2828264 0.003 1 0.240 2.140 0.050

423 636030 2828266 0.003 1 0.065 0.157 1.660

News Release – September 27, 2021 – Silver Wolf Announces 9.31 g/t Gold Sample from On-going Surface Sampling Program – Page 4

As indicated in our Aug ust 3, 2021, press release, we engaged Spectir Advanced Hyperspectral Solutions to provide

hyperspectral data via drone flight data acquisition. The results were positive and helped identify the skarn contact along

the length of the intrusive zone within our claims. This provided specific locations along the 4.1 km long skarn contact to

follow up with surface mapping and prospecting with our field geologists.

The field mapping, which was helped by the hyperspectral data acquisition and, previous to that, the Aster satellite work,

has allowed for near complete identification of the skarn, on surface, within our claim. Figure 3 shows the skarn structure

over a cross section from the limestone host rocks across the skarn to the granite intrusive. With the results of this

sampling, mineral contouring maps have been developed and are shown in figures 4 -8. These maps show the intensity

and reach of the respective element being mapped. The grade contours represent anomalies, that, when overlayed with

the anomalies generated in the upcoming geophysical surveys, will provide a basis for prioritizing drill targets.

Figure 3 –Rock Samples Across the Skarn from Limestone to Granite

Figure 4 – Gold Grade Contour Map

News Release – September 27, 2021 – Silver Wolf Announces 9.31 g/t Gold Sample from On-going Surface Sampling Program – Page 5

Figure 5 – Silver Grade Contour Map

Figure 6– Lead Grade Contour Map

News Release – September 27, 2021 – Silver Wolf Announces 9.31 g/t Gold Sample from On-going Surface Sampling Program – Page 6

Figure 7– Zinc Grade Contour Map

Figure8– Copper Grade Contour Map

News Release – September 27, 2021 – Silver Wolf Announces 9.31 g/t Gold Sample from On-going Surface Sampling Program – Page 7

Sampling and Assay Methods

Grab samples are selective in nature, and do not necessarily reflect the general geology of the Ana Maria property.

Samples were submitted to the SGS Laboratory facility in Durango, Mexico. Gold is assayed by fire assay with an AA finish.

Multi-element analyses are completed using SG S ICP14B methods. Any copper, manganese or iron samples exceeding

10,000 ppm (1%) are assayed using SGS ICP90Q methods.

Qualified Person

Mr. Garth Kirkham P. Geo ., Independent Consultant for Silver Wolf, is a “qualified person” as defined by National

Instrument 43-101 and has approved the scientific and technical disclosure in this news release.

For further information please contact Silver Wolf Exploration Ltd. at ph. (604) 682-3701 or visit our website at

www.silverwolfexploration.com.

ON BEHALF OF THE BOARD

"Peter Latta"

_________________________________

Peter Latta, P.Eng.

President

Cautionary Note

The information contained herein contains "forward -looking statements" within the meaning of applicable securities legislation. Forward -looking

statements relate to information that is based on numerous assumptions and involve known and unknown risks, uncertainties, and other factors,

including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company

to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements.

Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The

Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture Exchange) accepts

responsibility for the adequacy or accuracy of this news release.