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(2) VANCOUVER, BC / ACCESSWIRE / February 25, 2021 / Silver Wolf Exploration Ltd. (TSXV:SWLF) ( Silver Wolf or the Company ) reports that further to the Company s press release dated August 13, 2020 announcing the option agreement dated August 12, 2020 (the Option Agreement ) with Avino Silver & Gold Mines Ltd. ( Avino ), as optionor, Silver Wolf is pleased to report that it has received conditional acceptance of the transaction from the TSX Venture Exchange (the Exchange). Pursuant to the terms of the Option Agreement, Gray Rock was granted the exclusive right to acquire an 100% interest in the Ana Maria and El Laberinto properties in Mexico, in consideration of the issuance to Avino of share purchase warrants to acquire 300,000 common shares of the Company at an exercise price of $0.20 per share for a period of 36 months from the date of the TSX Venture Exchange s final acceptance of the Option Agreement (the Approval Date ), and an initial payment to Avino of common shares

El laberintoBritish columbiaGarth kirkhamPeter lattaNational instrumentVenture exchange theAvino silver gold mines ltdRegulation services providerVenture exchangeSilver wolf exploration ltdSilver wolf explorationAvino silverGold minesSilver wolfOption agreementGray rock