Significant Increase To Mineral Resource At Cerro Las Minitas

VANCOUVER - Southern Silver Exploration Corp. has a completed update of its independent Mineral Resource Estimate on the Cerro Las Minitas (CLM) project in Durango State, Mexico. The updated Mineral Resource estimate features increased sulphide resources from two new mineral deposits, a small oxide resource in one of the new deposit areas and an update of the previously reported deposits utilizing new metal pricing and metallurgical recoveries. Resource reporting now utilizes a Net Smelter Return (NSR) cut-off, and reports average grades on a AgEq, ZnEq and $US/t NSR basis.

President Lawrence Page Q.C., said, "This is a most welcome milestone in the progress of our company's development of the Cerro Las Minitas silver-lead-zinc property. In Mexican folklore, the property has been known as the hill of mines - discrete claims exploited by several artisanal miners over the years utilizing basic exploration and mining methods. Since the purchase of the claims in late 2010 we have spent some $30 million in acquisition, exploration and development culminating in the identification of one of the largest undeveloped silver-based resources in the world. It is important to note that our company owns a 100% interest in all claims comprising CLM with no NSR or other burdens.

"Exploration continues at CLM while a third party authored Preliminary Economic Assessment is prepared for release in Q2 2022. This report will inform on potential mining scenarios, design, metal processing flowsheet, capital requirements, costs and cashflow for the project. It is the next milestone in the evolution of a prospect into a mine. Drilling will soon commence at our Oro copper-gold project in New Mexico with the permitting process nearing completion and we expect to explore and develop a number of promising targets identified through a previous geophysics program."