VIPR.V · 2018-11-15 12:00:00

First Batch of Assay Results Returned From La Virginia, Sonora, Mexico

Drill Results

November 15, 2018

Vancouver, BC. Silver Viper Minerals Corp. (the “Company” or “Silver Viper”) (TSXV: VIPR) is pleased to

announce the first batch of analyses from its initial drilling program at La Virginia Gold-Silver project, 220

kilometres east-northeast of Hermosillo, Sonora, Mexico. To date, Silver Viper has submitted 8 batches

of samples for analysis and has received complete results for the first five holes.

The 2018 ongoing drilling programme at La Virginia is designed as a combination of

confirmation/exploration holes, with a strong emphasis on exploration. Initial work targeted areas within

or close to the known extents of mineralization . Subsequent holes were designed to test for additional

mineralization along the regional trend and in parallel structures.

HOLE From

(m)

Interval

(m)

True Width1

(est m)

(g/t)

Au equiv2

(g/t)

LV18-189 204.5 205.5 1 0.7 0.23 4.1 0.29

LV18-190 No significant intervals

LV18-191 137.5 150 12.5 9.70 1.20 58 2.03

including 144.5 148 3.5 2.72 3.34 133 5.24

OR 145.5 148 2.5 1.94 4.12 162 6.43

LV18-192 178 196 18 12.6 1.04 79 2.17

including 184.5 190 5.5 3.85 1.88 152 4.05

OR 186 189 3 2.1 2.86 207 5.81

OR 186 188 2 1.4 3.31 235 6.67

AND 220 221 1 0.7 2.25 49 2.95

LV18-193 176 189.5 13.5 8.50 1.26 55 2.05

including 176 179 3 1.89 2.43 81 3.58

LV18-193 204.5 206 1.5 0.94 0.96 49 1.66

1 True widths estimated

2 Gold equivalent calculated using Au-Ag ratio of 70:1

Drillholes reported herein were collared in and around the Las Huatas prospect area located in the

southern portion of the known mineralized trend. Drillholes LV18-189 and 190 were designed to test thin

mineralized structures parallel to the main trend, but hole LV18 -190 was abandoned before reaching

target depth.

Drillholes LV18-191, 192 and 193 targeted the main mineralized trend previously identified and tested by

Minefinders/Pan American Silver. Silver Viper drilling intercepted mineralization at expected depths and

reflect generally expected widths and grades . The intercepts are characteristic of previous hits on the

project, where gold and silver bearing quartz veining/stockwork/breccia fill is often hosted in close

proximity to the fractured contact between andesites of the lower volcanic succession and pre- mineral

dacite dykes. Mineralization is hosted by both lithologies with the intervals often exhibiting strong silica

overprint.

Silver Viper’s President and CEO Steve Cope states , “The initiation of exploration activities at La Virginia

after a 5-year pause is significant milestone. We are very happy to see respectable grades returned from

our first batches of samples from these drillholes and look forward to exploring new targets on the

property.”

The drilling program is ongoing and will target several untested showings/prospect areas in 2018. Silver

Viper’s regional exploration effort continues to prospect and refine additional targets slated for drill

testing before the end of the year.

All results reported herein represent analyses of halved diamond drill core submitted by Silver Viper staff

directly to Bureau Veritas, Hermosillo, Sonora. Samples were prepped and analysed for gold by lead

collection fire assay fusion on a 30g split with AAS finish, and for a multi-element suite by multi-acid digest

with ICP-ES/MS finish. Silver Viper monitors QA/QC using commercially sourced standards and locally

sourced blank material inserted within the sample sequence at regular intervals.

Dale Brittliffe, P.Geo., Vice President of Exploration is a ‘Qualified Person’ under National Instrument 43-

101, and has approved the scientific and technical information contained in this news release.

About the Company

Silver Viper Minerals Inc is a Canadian -based junior mineral exploration c ompany focused on precious

metals exploration in northwestern Mexican state of Sonora. The company currently has an option to

acquire a one hundred percent (100%) interest in the Rubi-Esperanza group of claims. The claims were

most recently operated by P an American Silver and form the core of the greater La Virginia group of

claims, owned by Pan American Silver, over which Silver Viper has a current LOI and is proceeding toward

a definitive agreement. The project is an early stage exploration property targeting a series of laterally

extensive intrusive dykes and breccia zones hosting low-sulphidation epithermal gold -silver

mineralization. Silver Viper is under management provided by the experienced Belcarra Group

Management Ltd (“Belcarra Group”). The Belcarra Group is comprised of highly qualified mining and

financial professionals.

On behalf of the board of directors,

Steve Cope

President and CEO

For Further Information please contact, please contact Silver Viper Minerals Corp. at (604) 687-8566,

email [email protected] or visit our website at www.silverviperminerals.com

Forward Looking Information

Information set forth in this press release contains forward-looking statements. These statements reflect

management’s current estimates, beliefs, intentions and expectations; they are not guarantees of future

performance. The Company cautions that all forward looking statements are inherently uncertain and

that actual performance may be affected by a number of material factors, many of which are beyond the

Company’s control. Such factors include, among other things: risks and u ncertainties relating to

exploration and development; the ability of the Company to obtain additional financing; the need to

comply with environmental and governmental regulations; fluctuations in the prices of commodities;

operating hazards and risks; com petition and other risks and uncertainties, including those described in

the Company’s financial statements available on www.sedar.com. Accordingly, actual and future events,

conditions and results may differ materially from the estimates, beliefs, intent ions and expectations

expressed or implied in the forward -looking information. Except as required under applicable securities

legislation, the Company undertakes no obligation to publicly update or revise forward -looking

information.

NEITHER 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.

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