Helicopter-borne Magnetic and Radiometric Survey Va ncouver, BC.

April 11, 2019

S

ilver Viper Identifies New Targets for Drilling at La Virginia Gold-Silver Project, Prepares for

Helicopter-borne Magnetic and Radiometric Survey

Va

ncouver, BC. Silver Viper Minerals Corp. (the “Company” or “Silver Viper”) (TSX-V: VIPR) is pleased

to report ongoing surface exploration activities have identified additional follow-up targets at its La

Virginia Gold-Silver project. Surface geochemistry and prospecting have identified targets to the north ,

south and east of the El Rubi discovery which will be tested during the next phase of drilling. In addition,

Silver Viper has contracted Geotech Ltd. to conduct a 720 line-kilometer magnetic and radiometric survey

over the El Rubi and La Gloria targets for a t otal coverage of 4,900 hectares . Both airborne survey and

reconnaissance drilling are planned to coincide with follow up work at the El Rubi discovery area, due to

commence in the coming weeks. La Virginia project is located in eastern Sonora, Mexico, 220km east-

northeast of Hermosillo and is prospective for epithermal style gold and silver mineralization.

S

ilver Viper’s regional surface exploration program was designed to advance geochemical and geological

coverage in areas of little or no previous exploration activity . Mineralization recognized to date is

controlled primarily by the regional scale north-northwest trend of the Sierra Madre which dominates the

topography of much of western Mexico. The new targets are all located within the general area referred

to as El Rubi, located north of the main La Virginia work area and south of the La Gloria target. A map

showing surface geochemistry is available at silverviperminerals.com and below.

A

t La Virginia, gold-silver bearing veins and breccias are found in association with pre-mineral dacite dykes

oriented along the north -northwest trend in parallel structures and within dilationary flexures and jogs

linking those features. Prospecting traverses combined with stream sediment and soil geochemistry are

proven effective tools in generation of targets in the moderate to steep terrain characteristic of the Sierra

Madre and have resulted in encouraging anomalies for follow up.

S

ilver Viper’s President and CEO Steve Cope states, “El Rubi is an extremely interesting area within the La

Virginia project. The work we have undertaken has identified compelling targets both along trend of El

Rubi drilled by Silver Viper in late 2018, and on a parallel, yet to be named trend to the east we are

evaluating at the moment. Drill testing will commence in the coming weeks.”

Th

e work follows drilling success in the late 2018 drill testing at El Rubi, a never -before drilled prospect

located north of the historical La Virginia exploration targets. A s previously announced (Jan 14, 2019) ,

drilling at El Rubi returned a best result of 13.3 m core length (estimated true width 6.0m) averaging

3.16g/t gold and 228g/t silver for a gold equivalent 1 grade of 6.42g/t gold. Drilling to date has

encountered mineralization over a 100m length, with planned work designed to increase the known limits.

S

ince acquiring the project, Silver Viper has completed diamond drilling on five target areas total ing

4,753m in 20 drill holes and completed regional exploration programs of stream sediment sampling ,

geological/prospecting traverses and soil sampling. The regional program to date has collected over 1,500

soil samples and rock chip samples across the largely unexplored property.

Dale

Brittliffe, P.Geo., Vice President of Exploration is the ‘Qualified Person’ under National Instrument

43-101 and has approved the scientific and technical information contained in this news release.

1 Gold Equivalent calculated using an Au:Ag ratio of 70:1, Au Equivalent = Au grade + (Ag grade/ 70)

Abo

ut the Project

La Virginia is located 220km east -northeast of Hermo sillo, Sonora. It is a large exploration property,

primarily prospective for fault controlled, low-sulphidation epithermal precious metal mineralization. The

property and historical exploration database were acquired by way of option agreements with two distinct

parties. Gold and silver mineralization at La Virginia occurs within breccias, veins and stockworks hosted

primarily by andesitic volcanics, often in close spatial association to or cross -cutting pre-mineral dacite

dykes and controlled by fractures and faults that define the regional structural trend. The property is

currently 37,700ha in size and covers 40km of prospective mineral trend.

QA

/QC

An

alytical results herein represent samples of halved diamond drill core submitted by Silver Viper staff

directly to Bureau Veritas, Hermosillo, Sonora. Samples were crushed, split and pulverized as per Bureau

Veritas method PRP70-250, then analysed for gold by lead collection fire assay fusion on a 30g split with

AAS finish, and for a multi -element suite including silver by multi- acid digestion with ICP -ES/MS finish.

Samples triggering precious metal over- limit thresholds of 10g/t Au or 200g/t Ag were retested by Lead

collection fire assay fusion with a gravimetric finish. Silver Viper monitors QA/QC using commercially

sourced standards and locally sourced blank material inserted within the sample sequence at regular

intervals.

Abo

ut the Company

Silv

er Viper Minerals Inc is a Canadian- based junior mineral exploration company focused on precious

metals exploration in the northwestern Mexican state of Sonora. The Company currently operates the La

Virginia Gold -Silver Project. Silver Viper has 100% ownership of the La Virginia concessions recently

acquired from P an American Silver Corp. and has an option to acquire a 100% interest in the Rubi -

Esperanza group of claims internal to those concessions. The property was most recently operated by

Pan American Silver. Silver Viper is under management provided by Belcarra Group Management Ltd. ,

which is comprised of highly qualified mining professionals.

On

behalf of the board of directors,

Stev

e Cope

President and CEO

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

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

Forward Looking Information

I

nformation 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 uncertainties 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, competition 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, intentions 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 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.