Silver Storm Closes Second and Final Tranche of Non-Brokered Private Placement for Aggregate Gross Proceeds of $21.0 Million

Toronto, Ontario, August 31, 2026: Silver Storm Mining Ltd. (“Silver Storm” or the “Company”) (TSX.V: SVRS | FSE: SVR) is pleased to announce that it has closed the second and final tranche (the “Second Tranche”) of its non-brokered private placement (the “Offering”). The Second Tranche closed on August 28, 2026 with the issuance of 12,750,000 units of the Company (each, a “Unit”) at a price of $0.50 per Unit for aggregate gross proceeds of $6,375,000. Together with the first tranche of the Offering (the “First Tranche”), the Company has issued an aggregate of 42,000,000 Units under the Offering for total aggregate gross proceeds of $21,000,000. See the Company’s news releases dated August 21, 2026, August 24, 2026, and August 26, 2026 for further details of the Offering.

Each Unit consists of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant. Each whole warrant (a “Warrant”) entitles the holder to acquire one additional Common Share at a price of $0.70 for a period of 18 months from the closing of the Second Tranche.

In connection with the Second Tranche, the Company paid cash finders’ fees totaling $136,918.50, equal to 3.0% of the gross proceeds raised under the Second Tranche from investors introduced by eligible finders, including Canaccord Genuity Corp., Research Capital Corp., Haywood Securities Inc., Leede Financial Inc., and Harbourfront Wealth Management Inc.

The Company intends to use the net proceeds of the Offering to fund surface and underground drilling programs at its La Parrilla Silver Mine Complex (“La Parrilla”), and for general corporate and working capital purposes.