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Tier One Silver Inc.
600-1199 West Hastings Street
Vancouver, BC, Canada V6E 3T5
www.tieronesilver.com
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Tier One Releases Option on Two of Five Huilacollo Area Concessions
Vancouver, Canada – April 27, 2021 – Tier One Silver (“Tier One” or the “Company”) announces
that it has terminated a 2016 option agreement in respect of the shares of a private company which
owns two mineral concessions within a larger secondary project area known as Huilacollo, located
in southern Peru.
Tier One retains a strong land position within the Huilacollo area, including 100% ownership of the
Tacora, Tacora Sur and Andamarca concessions (subject to a customary Supreme Decree
dispensation for Border Zone projects) (Figure 1). These concessions will now be referred to as the
Corisur claims. Although the termination relieves the Company of certain option payment and work
expenditure obligations related to the two surrendered concessions , Tier One still maintains the
surface rights agreement, which was prepaid and expires in 2024.
A Message from Peter Dembicki, CEO & Director:
“Huilacollo was a non-core asset for Tier One Silver, however the surrounding Corisur concessions
we are retaining are key to the future expansion of the project and have a nominal cost to maintain.
Releasing the other two concessions frees up resources for t he Company to focus on the flagship
Curibaya silver-gold project, where it is anticipating its inaugural drilling to commence in May.”
Tier One Silver Inc.
600-1199 West Hastings Street
Vancouver, BC, Canada V6E 3T5
www.tieronesilver.com
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Figure 1: Illustrates the position of the Company’s concessions in the Huilacollo area in Southern Peru. The option
agreement for the Huilacollo I and Huilacollo II concessions has been released. The Company retains the surrounding
Corisur concessions.
ON BEHALF OF THE BOARD OF DIRECTORS OF TIER ONE SILVER INC.
Peter Dembicki
President, CEO and Director
For further information on Tier One Silver Inc., please visit www.tieronesilver.com or contact Natasha Frakes,
Manager of Corporate Communications at (778) 729-0600 or [email protected].
Tier One Silver Inc.
600-1199 West Hastings Street
Vancouver, BC, Canada V6E 3T5
www.tieronesilver.com
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About Tier One
Tier One Silver is a precious metals exploration company focused on creating value for shareholders and stakeholders
through the exploration and discovery of world -class silver, gold and base metal deposits in southwest Peru. The
Company’s management and technical teams have a strong track record in raising capital, discovery and monetization of
exploration success. The Company’s exploration assets in Peru include: Emilia, Coastal Batholith, the Huilacollo project
and the flagship project, Curibaya, which is rapidly advancing toward its first drill program. Tier One is currently an unlisted
reporting issuer and is seeking Canadian and U.S. listings with a targeted completion early in the second quarter of 2021.
For more information, visit www.tieronesilver.com.
Forward Looking and General Cautionary
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian
securities legislation (collectiv ely, “forward-looking statements”) that relate to the Company’s current expectations and
views of future events. Any statements that express, or involve discussions as to, expectations, and plans, which are not
historical facts may be forward-looking statements and may involve estimates, assumptions and uncertainties which
could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No
assurance can be given that these expectations will prove to be correct and such forward-looking statements included in
this news release should read accordingly. The contained statements speak only as of the date of this news release. In
particular and without limitation, this news release contains f orward-looking statements in regards to the Company’s
stock exchange listing applications being successful, which cannot be assured, and its exploration plans.