Silver Mountain Resources Inc. (TSXV: AGMR) (OTCQB: AGMRF) (BVL: AGMR) ("Silver Mountain" or the "Company") announces that it has approved a grant of stock options (the "Stock Options"), pursuant to the terms of the Company's omnibus equity incentive plan, to certain directors, officers and employees of the Company. A total of 7,400,000 Stock Options have been approved for issuance to such directors, officers and efmployees. The Stock Options will be exercisable at an exercise price of $0.10 per