Silver Mountain Discovers New High Grade Copper Vein and Hits Impressive Precious Metal Grades at Its Reliquias Mine, Peru

Figure 1: Drill Hole Location Map of the 2023 Drill program Figure 2: Longitudinal section of the newly identified Natividad vein Figure 3: High grade Ag-Au intercept in drill hole SMR140-23-SCS Figure 4: Longitudinal section of the Sacasipuedes vein showing grade-thickness values Key Highlights – Initial drilling on the Natividad Vein and mineral resource expansion drilling at Sacasipuedes vein system Drill Hole SMR135-23-SCS (newly identified Natividad, or “NAT” vein) 1.55 m @ 81 g/t Ag, 2.51%

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