SILVER STORM COMMENCES 6,000 METRE DRILLING CAMPAIGN AT LA PARRILLA SILVER MINE COMPLEX
Toronto, Ontario, January 14, 2026: Silver Storm Mining Ltd. (“Silver Storm” or the "Company") (TSX.V: SVRS | OTC: SVRSF | FSE: SVR), is pleased to announce the commencement of underground drilling at its 100% owned La Parrilla Silver Mine Complex (the “La Parrilla Complex”), located 76 kilometres southeast of Durango, Mexico.
Greg McKenzie, President and CEO, commented, “The Silver Storm team is excited to have drilling underway again at La Parrilla. This initial phase is designed to support the current internal mine plan by increasing the Indicated and Inferred Resource base, as we advance toward the potential restart of operations at La Parrilla in the second quarter of 2026. The team is also planning surface exploration programs to be initiated in 2026 on seven target areas within the La Parrilla concessions.”
The 6,000 metre (“m”) underground drilling program will focus on exploration step-out and infill drilling in support of the development anticipated by the Company at the Quebradillas, San Marcos, and Rosarios mines in the La Parrilla Complex.
1. Quebradillas Mine – 3,500 m of drilling on the C460, C550, Norte Sur, La Estrella, and San Nicolas Zones. The C460 Zone is comprised of a sulphide replacement body concordant to bedding, striking NNW over a known strike length of 460 m, vertical extent of 500 m, with a thickness of up to 8.5 m. Drilling will test the southern strike and depth extension of C460. The C550, Norte Sur, La Estrella, and San Nicolas Zones are sulphide-bearing fault veins and breccias often with replacement bodies developed on the footwall and hanging wall of the fault zone. Drilling will explore the strike and downdip extensions of these zones (Figure 2).
2. San Marcos Mine – 1,000 m of drilling on the San Marcos and C1100 Zones. The San Marcos Zone is comprised of fault-vein oxide mineralization, striking NNW over a known strike length of 700 m, vertical extent of 350 m, with a thickness of up to 17 m. It is the main source of oxide mineralization. Drilling will be focused on the near surface and middle levels of the mine. The C1100 Zone is comprised of sulphide-bearing fault-vein mineralization, striking NW over a known strike length of 500 m, vertical extent of 430 m, with a thickness of up to 1.5 m. Drilling will test the zone at depth below historical development (Figure 3).
3. Rosarios Mine – 1,500 m of drilling on the Rosarios and RRFW Zones. The Rosarios Zone is comprised of fault-vein sulphide mineralization developed as stockwork or replacement zones on the footwall and hanging wall of the vein. Rosarios strikes WNW over a known strike length of 1.75 kilometres, vertical extent of 900 m, with a thickness of up to 14 m. Drilling will be focused on the central and western extensions of the zone. The RRFW Zones are 5 subparallel fault structures lying within the western footwall of the Rosarios Zone that are generally characterized by sulphide breccias and replacement zones, which have known strike lengths varying from 150 to 490 m over vertical extents between 200 to 270 m (Figure 4).
An additional 4,000 m of drilling has been proposed as a follow-up to this initial program, as mine development progresses following the potential restart of operations. The Company looks forward to sharing the results of this initial phase of drilling as soon as the assay results are available.
The geology team is in the process of planning surface exploration and drilling programs on the Rosarios – C340 West Extension, 14 Marcos, La Ilusion – Argenis, Quebradillas Open Pit, San Marcos North, San Marcos – Vacas Gap, and Vacas South targets (Figure 1). Further information on these surface exploration programs will be provided when planning and permitting are finalized.
