Positive Exploration Results For The Çakmaktepe Extension Project

DENVER, CO - SSR Mining Inc. announced positive results from 151 diamond drill holes for the Çakmaktepe Extension (Ardich) for the period from May 2021 to June 2022. These results build upon, and are subsequent to, the Çakmaktepe Extension Mineral Reserves reported in the Çopler Technical Report Summary (TRS), in which the Çakmaktepe Extension deposit contributed 1.2 million ounces of gold production to the Çopler life of mine production profile beginning in 2023 for total development capital of $69 million. As outlined in the TRS, the Çakmaktepe Extension currently hosts 1.7 million ounces of Mineral Reserves, along with an additional 0.6 million ounces of Measured & Indicated Mineral Resources and 0.8 million ounces of Inferred Mineral Resources. Of the 151 diamond drill holes, 34 were infill within the current Mineral Reserve pit, 82 targeted Mineral Reserve conversion within the existing Mineral Resource block model, and 35 were step-out intercepts identifying new mineralization outside of existing Mineral Resources.

The drilling program aimed to both upgrade and expand the existing Mineral Reserves and Resources at Çakmaktepe Extension, with highlight drill intercepts including: AR461: 8.23 g/t Au over 28.3 meters from 138.0 meters, including: 21.09 g/t Au over 4.0 meters from 154.0 meters, and 24.95 g/t Au over 3.0 meters from 162.0 meters; AR514: 2.46 g/t Au over 53.0 meters from 160.0 meters; AR536: 2.38 g/t Au over 55.8 meters from 110.6 meters; AR544: 5.24 g/t Au over 27.1 meters from 130.3 meters; and AR558: 5.20 g/t Au over 27.6 meters from 149.1 meters, including: 13.66 g/t Au over 4.2 meters from 160.4 meters.

Rod Antal, President and CEO, said, "Çopler has evolved significantly over its more than 10-year operating life, and the Çakmaktepe Extension project represents the next phase of growth for the asset. As highlighted in the 2021 TRS, the Çakmaktepe Extension will add 1.2 million ounces over 15+ years of production for an expected $69M in development capital, representing one of the highest return growth projects in the entire sector. These drill holes provide both improved confidence for the Çakmaktepe Extension mine plan and set the stage for additional growth at the project. We will incorporate these results into an updated Mineral Reserve and Resource statement for the deposit in an updated Technical Report Summary for Çopler expected in 2023.

In addition to the positive drill results, we have continued to de-risk the Çakmaktepe Extension project startup during the third quarter of 2022 with the receipt of the Environmental Impact Assessment ("EIA") for the first phase of the project. Clearly, Çopler's best days lie ahead, with value accretive growth opportunities like our C2 project on the horizon and a wealth of exploration targets to advance across the district in the years to come."