OUTCROP SILVER APPOINTS KATHY LI AS DIRECTOR OF INVESTOR RELATIONS

VANCOUVER, BC, June 24, 2022 /CNW/ – Outcrop Silver & Gold Corporation (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG1) (“Outcrop“) is pleased to announce the appointment of Kathy Li as Director of Investor Relations. Ms. Li brings over 15 years of experience in investor relations management and capital markets, primarily in the natural resources space. She worked as an Investor Relations Manager for Silvercorp Metals Inc., where she led investor relations, capital market and corporate communications for the company and played an important role in the marketing of various mining projects Canada, South America and China. Previously, she was Vice President of Investor Relations at Christensen IR, a leading investor relations consulting firm in New York, hong kong and beijing, where she managed over 30 listed Asian/Chinese companies, including pre-IPOs, NASDAQ, NYSE, Amex and OTCB in the areas of financial market information, media relations and investor relations. Ms. Li holds a master’s degree in public relations from the University of Houston and a diploma in accounting from the University of British Columbia.

Joseph HebertCEO and Director of Outcrop, said, “We are delighted to welcome Kathy to the Outcrop team. Kathy brings a wealth of experience in investor relations, in-depth knowledge of capital markets and a strong network of relationships within the financial community. work closely with the management team and lead Outcrop’s investor relations efforts to communicate our key milestones to our stakeholders as we execute our strategy to advance the exploration of five development projects silver and gold with world-class discovery potential in Colombia.”

Outcrop granted 1,300,000 incentive stock options to officers and employees. Stock options are exercisable at a price of $0.13 and will expire on April 8, 2027. The incentive stock options were granted pursuant to Outcrop’s stock option plan approved by shareholders and are subject to the policies of the TSX Venture Exchange and any applicable regulatory hold periods. .

About the outcrop

Outcrop is rapidly advancing exploration on five silver and gold exploration projects with world-class discovery potential in Colombia. Outcrop is currently drilling and expanding the historic Santa Ana high-grade silver district. These strengths are enhanced by a highly disciplined and seasoned professional team with decades of experience in Colombia.

ON BEHALF OF THE BOARD OF DIRECTORS

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. Certain information contained herein constitutes “forward-looking information” under Canadian securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “potential”, “we believe”, or variations of these words and phrases or statements that certain actions, events or results “will occur”. “. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, Outcrop’s level of activity, performance or achievements may differ materially from those expressed or implied by such forward-looking statements or information, including: the receipt of all necessary regulatory approvals, capital expenditures and other costs, additional financing and capital requirements, completion of due diligence, economic, market and business conditions, new legislation, uncertainties arising from potential delays or changes in plans, political uncertainties and the state of securities markets generally. Although Outcrop’s management has attempted to identify important factors that could cause actual results to differ materially from those contained in any forward-looking statements or forward-looking information, there may be other factors that cause results are not those anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Outcrop will not update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.

SOURCE Outcrop Silver & Gold Corporation

For more information: Joseph P Hebert, Managing Director, +1 775 340 0450, [email protected]; Kathy Li, Director of Investor Relations, +1 778 783 2818, [email protected]

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