Silver Mines Limited (ASX:SVL) ('Silver Mines' or 'the Company') is pleased to advise that the Independent Planning Commission of New South Wales ('IPC') has approved the Bowdens Silver Project ('the Project') allowing the Project to proceed to development and production subject to conditions of consent.

This follows comprehensive processes by the Company, various Government authorities including the New South Wales Department of Planning and Environment ('DPE') and then finally the IPC. Silver Mines Managing Director, Mr Anthony McClure, said 'the IPC's decision is the most significant milestone for the Company since we took over the Project in mid-2016.' 'Our team has delivered a technically reliable and environmentally responsible project.

This decision recognises the significant long-term economic and social benefits the Project will deliver for our shareholders, the State of New South Wales and also the local communities across the Mid-Western Regional Government area.' Mr McClure added; 'We now look forward to getting on with delivering the Project. After the significant upgrade to our Mineral Resources as announced last week, the Company is undertaking a significant optimisation program updating the Bowdens Silver Feasibility Study.' The Bowdens Silver Project is located in central New South Wales, approximately 26 kilometres east of Mudgee and is Australia's largest undeveloped silver deposit and one of the largest globally. The mine's 23-year life, including 16.5 years of silver production and byproducts of zinc and lead, underpins significant value potential for Bowdens Silver. The project has substantial potential expansion opportunities.

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