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SWLF.V ·

Silver Wolf Confirms Warrant Extension

Share Capital & Compensation

December 1, 2023

SILVER WOLF CONFIRMS WARRANT EXTENSION

VANCOUVER, BC, December 1, 2023: Silver Wolf Exploration Ltd. (OTCQB: SWLFF) (TSX-V: SWLF) (“Silver Wolf” or

the “Company”) intends to extend the expiry date for the 4,014,734 warrants that were granted by Silver Wolf in

June 2022. These warrants originally would have expired on December 16, 2023 , and have an exercise price of

$0.25 per common share . The Board of Directors of Silver Wolf approved the extension of the term of these

warrants and as such they will now expire on December 16, 2024.

All other terms and conditions of the Warrants remain unchanged. The Warrant extension is subject to acceptance

by the TSX Venture Exchange.

About Silver Wolf

Silver Wolf is an exploration company focused on exploring high potential projects in prime silver and gold regions

of Mexico including the Ana Maria and El Laberinto properties. The Ana Maria claims are 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). The claims are located in a well -known are that is prolific for

carbonate replacement deposits (CRDs) in the vicinity of many active or historic mining operations. The Company

has operational synergies with Avino Silver & Gold Mines Ltd. and shares many years of combined experience in

exploration, development and production. In addition, Silver Wolf has an experienced geological fi eld team who

have worked on similar projects with a demonstrated understanding of the jurisdiction and local communities.

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

www.silverwolfexploration.com.

The management team at Silver Wolf welcomes the opportunity to connect with investors and answer questions.

Connect with us on X (formerly Twitter) @SWLFexploration and on LinkedIn at Silver Wolf Exploration Ltd.

ON BEHALF OF THE BOARD

"Peter Latta"

_________________________________

Peter Latta

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 achi evements expressed or implied by such forward -looking statements. Such factors include, but are not

limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals;

and the uncertainties surrounding the mineral exploration ind ustry. Such information contained herein represents management’s best judgment as of the

date hereof based on information currently available. The Company does not assume an 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 Venture Exchange) accepts responsibility for the

adequacy or accuracy of this news release.

News Release