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

Drill Results

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

January 18, 2022

SILVER WOLF ANNOUNCES 37 G/T GOLD and 7.6% ZINC OVER 0.70 METERS FROM ON-GOING

SURFACE SAMPLING PROGRAM

VANCOUVER, B.C., January 18, 2022: 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 one hundred and fourteen (114) grab/chip

samples collected during the on-going surface sampling 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 a total of 2,549 hectares (ha) in the well-known Mexican silver belt, adjacent to claims owned by Penoles.

“We continue to execute on our exploration plan as we develop our understanding of the Ana Maria Property using the

CRD model developed by Dr. Peter Megaw ” said Peter Latta, President. “ The results of the se samples confirm the

mineralized skarn structure previously identified in September. The high-grade channel samples, taken over a cross section

of an underground level accessed from surface, provides an indication of the key geological features that host high grade

mineralization in the El Sarnoso area. This gives us more confidence that the other areas of the large skarn structure could

host similar mineralization providing the basis for a significant new discovery. In the southern claim, the extremely high-

grade zinc and lead mineralization along with the high-grade silver values as well as the recently discovered historical

workings indicate the potential for a carbonate replacement deposit. This aligns well with t he hub and spoke theory

created by the El Sarnoso intrusion. We will layer in data from the recently started geophysical survey to finalize our drill

targets for later this year. Finally, we have submitted an application to more than double our land package in the area.”

Ana Maria Exploration Work

The Ana Maria Central claim, know as the La Recompensa claim, is shown in Figures 1 with the location of samples that

have assays of zinc grades greater than 1% from this set of sample results. These channel samples are listed with the assay

results and corresponding widths in Table 1. The numbers listed in the figures correspond to the sample number in the

full list available on our website and in the abbreviate d table. Figure 2 shows the development of a skarn structure

underground from a plan view, represented by the iron oxides (hematite, magnetite, jarosite) and weak veinlet of white

calcite. Gold and zinc grades are shown from the channel sampling. The Ana Maria South claim, known as the El Soldado

claim, is shown in Figure 3 with location of samples with lead or zinc grades greater than 1%. These grab samples are listed

with the assays results in Table 2. The numbers listed in the figures correspond to the sample number in the full list

available on our website and in the abbreviated table. Historic workings where recently discovered in the claim indicating

historic small-scale mining.

Silver Wolf has been following a structured approach to exploration, as laid out in the NI 43-101 technical report as filed

on SEDAR, which consists of field mapping, sampling, LIDAR and hyperspectral imaging. In addition, a geophysical survey,

performed by Terraquest, using electromagnetic methods has started and is ongoing. With the completion of the

geophysical survey in early Q1, the Silver Wolf team will interpret the data to finalize the drill targets planned for 2022.

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.

News Release

News Release – January 18, 2022 – Silver Wolf Announces 37 G/T Gold and 7.6% Zinc Over 0.70 Meters from On-Going

Surface Sampling Program

Page 2

Table 1: Significant highlights from Ana Maria Central

Sample Number Coordinate-X

(WGS84)

Coordinate-Y

(WGS84)

Width

Meters

Au

g/t

Ag

g/t

Cu

%

Pb

%

Zn

%

544 633847 2839587 0.4 2.48 8 0.06 0.02 5.25

545 633847 2839588 0.3 3.29 1 0.02 0.01 3.18

546 633848 2839587 0.7 36.98 1 0.02 0.01 7.57

547 633848 2839586 0.9 5.83 1 0.01 0.01 6.33

548 633849 2839586 0.4 7.66 1 0.03 0.01 5.35

549 633848 2839589 0.3 0.88 11 0.05 0.07 2.37

552 633850 2839589 0.4 0.41 1 0.01 0.02 2.53

553 633851 2839589 0.5 2.06 8 0.05 0.05 4.50

554 633851 2839590 0.3 0.22 6 0.04 0.02 9.65

555 633851 2839588 0.8 0.83 6 0.07 0.04 3.80

562 633855 2839593 0.6 1.10 12 0.02 0.07 2.18

568 633856 2839588 0.6 2.24 9 0.05 0.06 11.90

Reported widths are not true widths and cannot be determined due to style and orientation of mineralization

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

News Release – January 18, 2022 – Silver Wolf Announces 37 G/T Gold and 7.6% Zinc Over 0.70 Meters from On-Going

Surface Sampling Program

Page 3

A Greener Future Through Resource Discovery

Figure 2: Plan view of Underground Level Showing Geological structure and Channel Sample Lines

Table 2: Significant Grab Sample highlights from Ana Maria South

Sample Number Coordinate-X

(WGS84)

Coordinate-Y

(WGS84)

Au

g/t

Ag

g/t

Cu

%

Pb

%

Zn

%

600 635978 2828199 0.00 74 0.01 3.37 0.00

601 635959 2828204 0.00 120 0.02 11.60 0.00

602 635959 2828204 0.00 169 0.02 11.50 0.00

606 636053 2828185 0.00 150 0.02 5.96 0.00

626 636341 2828240 0.00 54 0.01 1.88 12.30

627 636342 2828239 0.00 56 0.01 1.61 21.30

628 636336 2828246 0.00 53 0.01 1.92 7.80

632 636350 2828205 0.00 40 0.02 1.17 16.60

644 636433 2828203 0.00 199 0.02 20.10 1.71

829 635910 2828234 0.00 247 0.02 7.33 0.00

830 635901 2828224 0.00 339 0.06 9.99 7.94

831 635920 2828244 0.01 319 0.03 8.33 5.76

News Release – January 18, 2022 – Silver Wolf Announces 37 G/T Gold and 7.6% Zinc Over 0.70 Meters from On-Going

Surface Sampling Program

Page 4

Figure 3: Ana Maria Southern Claim showing Sample Numbers with Significant Results

Silver Wolf has updated the mineral contouring maps presented in the September 27, 2021 new release with the additional

sampling data as shown in Figures 4 through 8. These maps show the intensity and extent of the respective element being

mapped. The grade contours represent anomalies, that, when overlayed with anomalies generated in the up coming

geophysical surveys, will provide a basis for prioritizing drill targets.

News Release – January 18, 2022 – Silver Wolf Announces 37 G/T Gold and 7.6% Zinc Over 0.70 Meters from On-Going

Surface Sampling Program

Page 5

Figure 4 – Gold Grade Contour Map for the Central Claim Area

Figure 5 – Zinc Grade Contour Map for the Central Claim Area

News Release – January 18, 2022 – Silver Wolf Announces 37 G/T Gold and 7.6% Zinc Over 0.70 Meters from On-Going

Surface Sampling Program

Page 6

Figure 6 – Copper Grade Contour Map for the Central Claim Area

Figure 7 – Silver Grade Contour Map for the Southern Claim Area

News Release – January 18, 2022 – Silver Wolf Announces 37 G/T Gold and 7.6% Zinc Over 0.70 Meters from On-Going

Surface Sampling Program

Page 7

Figure 8 – Lead Grade Contour Map for the Southern Claim Area

Figure 9 – Zinc Grade Contour Map for the Southern Claim Area

News Release – January 18, 2022 – Silver Wolf Announces 37 G/T Gold and 7.6% Zinc Over 0.70 Meters from On-Going

Surface Sampling Program

Page 8

A Greener Future Through Resource Discovery

Corporate Update

Silver Wolf is pleased to announce the appointment of Jennifer Trevitt to the position of Corporate Secretary in December

2021. Prior to joining the Company, Ms. Trevitt served as the Corporate Secretary and Vice President Corporate Affairs of

Minco Silver Corporation and Minco Capital Corp. for 13 years. She is a Capilano Coll ege Certified Paralegal working in

the Securities/Corporate finance industry for 23 years. In 2019, she obtained her Certificate in Mining Law and in

November 2021 she completed the Fundamentals of U.S. Securities Law with Osgoode Hall Law School. She was also

appointed Corporate Secretary of Avino Silver and Gold Mines Ltd. in December 2021.

The Company wishes to express its heartfelt thank you and appreciation to Dorothy Chin who has retired from the position

of Corporate Secretary. Silver Wolf wishes her the very best for a happy retirement.

Sampling and Assay Methods

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

widths cannot be determined with the channel sample information as presented. 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 SGS ICP14B methods. Any copper, manganese or iron samples exceeding 10,000 ppm (1%) are assayed

using SGS ICP90Q methods. SGS is an ISO9001 certified laboratory.

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.