SILVER MOUNTAIN RESOURCES ANNOUNCES ENGAGEMENT OF INVESTOR RELATIONS COMPANY

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TORONTO, September 12, 2022 /CNW/ – Silver Mountain Resources Inc. (“silver mountain“or the”Company“) (TSXV: AGMR) (OTCQB: AGMRF) (BVL: AGMR) announces that the Company has entered into an advertising agreement dated September 12, 2022 (there “OK“) with Gold Standard Media, LLC (“gold standard“), whereby Gold Standard will provide certain promotional and advertising services to the Company. The Agreement is valid until February 2, 2024, and each party has the right to terminate the contract at any time. Pursuant to the Agreement, Gold Standard will assist the Company in: creating landing pages, native advertisements, email marketing, influencer endorsements and posts to increase awareness of the Company (collectively, the “Services“).

The Services are to be provided by Gold Standard with its affiliates, Future Money Trends LLC, Wealth Research Group LLC and Portfolio Wealth Global LLC (collectively, the “Service providers“). Gold Standard and its subsidiaries manage a marketing team based in Austin, TX and have successfully marketed a wide range of companies listed on the TSX Venture Exchange (the “TSXV“) on the New York Stock Exchange since 2010.

The person providing the services on behalf of the service providers is Kenneth Ameduri located at 723 W. University Ave. Ste 110-283, Georgetown Texas 78626. Mr. Ameduri can be reached by phone at (626) 733-3678 or by email at [email protected]. To the knowledge of the Company, the Service Providers together with Mr. Ameduri currently hold 2,001,500 Class A ordinary shares of the Company.

The total remuneration payable to Service Providers under the Agreement is as follows:

About Silver Mountain

Silver Mountain Resources Inc. is a silver explorer and mining developer that plans to resume production at the Reliquias underground mine and undertake exploration activities at its prospective silver camps at the Castrovirreyna project in Huancavelica, Peru.

Silver Mountain’s subsidiary, Sociedad Minera Reliquias SAC, owns 100% of its concessions and holds more than 30,000 Ha. in the district of Castrovirreyna, in Huancavelica, Peru.

Forward-looking statements

This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities laws (collectively, “forward-looking statements“) that relate to Silver Mountain’s current expectations and beliefs about future events. Any statement that expresses or involves discussions of expectations, beliefs, plans, goals, assumptions, or future events or performance (often , but not always, by the use of words or phrases such as “will probably result”, “should”, “expect”, “will continue”, “is planned”, “anticipate”, “believe”, “estimate”, “intend”, “expect”, “forecast”, “projection”, “strategy”, “goal” and “outlook”) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties that could cause actual results to differ materially from those expressed in such forward-looking statements. No guarantee can be given that such expectations will prove to be correct and undue reliance should not be placed on any forward-looking statements included in this press release. These statements speak only as of the date of this press release.

Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Silver Mountain’s control, which could cause actual results and events to differ materially from those that are disclosed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the factors set forth under “Statement regarding forward-looking information” and “Risk factors” in the definitive prospectus of the Company dated January 26, 2022 available on the company profile at www.sedar.com. Silver Mountain undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. New factors appear from time to time, and it is not possible for Silver Mountain to predict all of them, or to assess the impact of each of these factors or the extent to which any one factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. All forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

SOURCESilver Mountain Resources Inc.

For further information: Alfredo Bazo, President, Chief Executive Officer and Director, [email protected]; Jean Pierre Fort, Chief Financial Officer, [email protected]; Silver Mountain Resources Inc., 82 Richmond Street East, Toronto, ON M5C 1P1, [email protected](647) 262-4017