Vancouver - Silver Hammer Mining Corp. (CSE: HAMR/ OTC: HAMRF) ('Silver Hammer' or the 'Company') is pleased to report results from sampling, mapping and detailed hyperspectral satellite imaging programs at the Company's past-producing Silverton Project, located 129 kilometres ('km') northeast of the 174-million-ounce Tonopah silver district in Nevada.

A total of 35 rock chip samples and 111 soil samples were collected from the Project area with highlighted samples assaying up to 692 g/t silver ('Ag'). Soil sampling focused on areas of anomalous gold and silver rock samples collected from a pediment area on the Project.

Based on assay results and geological mapping, the Project appears to cover a volcanics-hosted gold system as well as a separate silver-dominated mineral system hosted by silicified limestone. 'We are excited by these results as they are the first clear indication of two mineralized precious metal systems existing on the Silverton Project-one marked by high-grade silver as was recovered from the historical Silverton Mine and the other consisting of disseminated lower-grade gold mineralization,' stated President & CEO Morgan Lekstrom.

'Furthermore, we are obtaining surface samples grading up to 692 g/t Ag and numerous additional samples with encouraging silver grades outside of our initial target area. We look forward to refining our target concepts and initiating a first phase of drilling at Silverton in 2022.' The Silverton Project was acquired along with the Eliza Silver Project, which is also located in Nevada along strike from the historic Hamilton mining district. In addition to the new sampling results from Silverton (summarized below), initial exploration and rock chip sample results from Eliza will also be reported during Q4/2021.

About Silver Hammer Mining Corp.

Silver Hammer Mining Corp. is a junior resource company advancing the past-producing Silver Strand Mine in the Coeur d'Alene Mining District in Idaho, USA, both the Eliza Silver Project and the Silverton Silver Mine in one of the world's most prolific mining jurisdictions in Nevada and the Lacy Gold Project in British Columbia, Canada. The Company has commenced an initial drill program at Silver Strand that will test for silver and gold mineralization immediately below the mine's lowest level extending only 90 metres below surface. Silver Hammer strives to become a multimine silver producer and will focus near-term exploration and drilling plans at the Company's Idaho and Nevada silver-gold assets.

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property.

Contact:

Kristina Pillon

Tel: 604.908.1695

Email: investors@silverhammermining.com

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