Phase II Program At The Silver Strand Project In Idaho

VANCOUVER - Silver Hammer Mining Corp. reported on the Phase II drilling program at the Silver Strand Project. The Company completed nine drillholes from its previously established underground drilling station that were generally focused on testing the historically mined zone of gold-silver (“Au-Ag”) mineralization at greater depth and further along strike. Key Highlights and Takeaways: Six of the nine drillholes returned >100 grams per tonne (“g/t”) Ag and/or >1 g/t Au intercepts; SS22-017 intersected 2.9 g/t Au over 8.4 meters (“m”), including 4.4 g/t Au and 74.5 g/t Ag over 1.8 m, demonstrating the potential for significant gold grades at Silver Strand; SS22-015 intersected three mineralized zones, including 613 g/t Ag over 0.5 meters (“m”) extending mineralization to 65 m below historical workings; SS22-18 also intersected multiple zones: 212 g/t Ag and 0.67 g/t Au over 1.5 m, and 2.45 g/t Au and 8.9 g/t Ag over 4.4 m; SS22-011 intersected 115 g/t Ag and 2.0 g/t Au over 0.7 m within a broader 5.5 m interval of lower grade Ag mineralization, and an additional 9.9 g/t Ag and 1.7 g/t Au intercept over 2.1 m further downhole in an area with no previous drilling; and 2022 drilling results extend mineralization further along strike to the northwest, southeast and to depth.

“These new results demonstrate consistent gold and silver values in mineralization beneath and adjacent to the historical mine workings at Silver Strand,” stated Interim President and CEO, Warwick Smith. “We are particularly encouraged to see elevated gold values in mineralization extending beyond our previously modeled and interpreted zone that was based on limited historical drilling. We believe we are still very much in the upper part of the structurally controlled Ag-Au system and these new results from a modest (667 m) and cost-effective drilling program coupled with our recently completed geophysics point to the potential for additional lenses of mineralization that we can pursue in subsequent drilling campaigns.”