Community Agreement Obtained For Copper-Nickel Prospects At Hurricane Silver Project

VANCOUVER - Tier One Silver Inc. has gained additional social access at the Hurricane Silver project, located approximately 65 kilometers (km) north of the city of Cusco. A social agreement has been signed with the Hualla community, which will allow for exploration of the Nanohuayco, San Cipriano and Morro Culispata copper-nickel-platinum-palladium-silver prospects. The agreement is valid for two years and allows the Company to conduct surface work as well as drilling once a drill permit has been obtained from the Peruvian Ministry of Energy and Mines. Historical work at the Nanohuayco and San Cipriano prospects included surface sampling, ground-based geophysical surveys and initial drill tests by the previous operator from 2009 - 2010. The 10-hole 1,061 meter (m) historical drill program at Nanohuayco included 14 m of 2.59% copper, 0.62% nickel, 311 g/t cobalt, 0.3 g/t platinum and 0.55 g/t palladium.

Peter Dembicki, President, CEO & Director, said, "Access to Nanohuayco allows us to begin exploration at a high priority target at our Hurricane Silver project. The historical intercepts from the target demonstrate significant grade, and there has been minimal exploration, so we look forward to following up. Over the coming months we will work to further define targets at Hurricane Silver as we get ready to resume drilling at Curibaya."