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Tier One Announces Filing of Preliminary Short Form Base Shelf Prospectus

Financings

Tier One Announces Filing of Preliminary Short Form Base Shelf Prospectus

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR

DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Vancouver, Canada – July 14, 2022 – Tier One Silver Inc. (TSXV: TSLV, OTCQB: TSLVF) (“Tier One”

or the “ Company”) is pleased to announce that it has filed a preliminary short form base shelf

prospectus (the “Shelf Prospectus”) with the securities commissions in each of the provinces and

territories of Canada.

The filing of a Prospectus is intended to provide the Company with financing flexibility. Upon a final

base shelf prospectus becoming effective, these filings, subject to securities regulatory

requirements, will allow the Company to qualify the distribution of up to C$100,000,000 of common

shares, warrants, subscription receipts, units, debt securities, or any combination thereof, from

time to time over a 25-month period that the Shelf Prospectus remains effective. The specific terms

of any future offering of securities (if any) will be set forth in a shelf prospectus supplement, which

will be file d with the applicable Canadian securities regulatory authorities in connection with any

such offering.

Each prospectus supplement will contain specific information concerning, among other matters,

the securities to be issued and the use of proceeds from any such issuance. There is no certainty

that any securities will be offered or sold under the Shelf Prospectus and any prospectus

supplement within the 25 -month period that it is effective. A copy of the Shelf Prospectus, and

copies of the final base shelf prospectus and any shelf prospectus supplements that may be filed

in the future, can be found under the Company’s SEDAR profile at www.sedar.com.

The securities being refe rred to in this news release have not been, nor will they be, registered

under the United States Securities Act of 1933, as amended, and may not be offered or sold in the

U.S. or to, or for the account or benefit of, U.S. persons absent registration or an applicable

exemption from the registration requirements. This news release does not constitute an offer to

sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction

in which such offer, solicitation or sale would be unlawful.

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 contact Natasha Frakes, Vice President of

Communications at (778) 729-0600 or [email protected]

About Tier One

Tier One Silver is an exploration company focused on creating value for shareholders and stakeholders through the discovery

of world-class silver, gold and base metal deposits in 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: Hurricane Silver, Coastal Batholith, Corisur and the flagship project, Curibaya. For more information, visit

www.tieronesilver.com.

Forward Looking Information and General Cautionary Language

This news release contains forward -looking information, which involves known and unknown risks, uncertainties and

other factors that may cause actual events to differ materially from current expectation. Important factors -- including

statements related to the intent of the Company to offer and sell any securities, the nature of any securities that may be

offered and the timing, amount and use of proceeds of any offering of securities, and other statements related to the

Company’s strategy, projects or plans that could cause actual results to differ materially from the Company's expectations

as disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned

not to place undue reliance on these forward -looking statements, which speak only as of the date of this press release.

The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-

looking statements, whether as a result of new information, future events or otherwise.

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 release.