Silver Mountain Resources Inc. announced that Alejandra Soto has been appointed as the Chief Financial Officer of the Company, effective immediately. With the addition of Ms. Soto, the Company has finalized assembling the management team that is expected to take Silver Mountain's first mine into production. Ms. Soto will play a crucial role in ensuring the financial stability and growth of the Company by providing strategic leadership, risk management and cost optimization.

Ms. Soto is an economist with a Masters degree in Finance and is a Black Belt Lean Six Sigma. Ms. Soto has more than 12 years of finance experience in the mining industry with Peruvian and international companies. Ms. Soto previously held the positions of Chief Financial Officer at Alpayana and Head of Finance of Nexa Resources.

Prior to joining Silver Mountain, Ms. Soto held the position of Chief Financial Officer of Alpayana, a Peruvian mining company. Additionally, she held the position of Corporate Head of Finance at Nexa Resources, a global mining company. Ms. Soto's expertise in financial planning, budgeting, and capital allocation will contribute to Silver Mountain's long-term financial sustainability and growth.

In connection with her appointment, Ms. Soto was be granted an aggregate of 225,000 options to acquire class A common shares of the Company ("Options"). The Options are exercisable at a price of $0.38 per share for a period of four years. The addition of Ms. Soto completes the Company's management team who are expected to drive the Company's success as it advances to the production stage.

Biographies of the Company's management: Alvaro Espinoza, Chief Executive Office, has over 15 years of experience in senior management positions in the mining industry in both Latin America and North America, with extensive experience in building, operating, and expanding mines, strategic planning, supply chain, financial analysis and control, project evaluation, project management, and negotiation. He previously served as CEO of Cautivo Mining Inc. and as Executive Vice-President and Chief Financial Officer for mining companies in Colombia and Peru. Richard Contreras, Chief Operations Officer, plays an important role in driving the Company's operational excellence.

With more than 35 years of experience in the mining sector, Mr. Contreras has successfully seen large-scale mining operations at Panamerican Silver as Country Manager and Director of Operations of different mining units and as General Manager at Glencore in its Quenuales Mining unit. His expertise in mining engineering, operational planning, and safety protocols has been pivotal in maintaining the highest industry standards and maximizing production efficiency. Gustavo Anaya, Director of Operations, is a Geological Engineer with more than 25 years of experience in the mining industry.

Mr. Anaya has effectively overseen and optimized the Company's operational activities, including managing production processes and exploration drive efficiency. Mr. Anaya has previously held positions as Mine Operations Manager, Explorations Manager and other senior positions at several Peruvian mining companies, including Buenaventura, Marcobre and Condestable. Ricardo Castillo, Metallurgist Engineer with PhD degree in Mining and Environment.

Mr. Castillo has more than 30 years of professional experience in the mining sector and brings a wealth of expertise and hands-on experience in managing treatment plants. Mr. Castillo previously served as the Treatment Plant Manager for Volcan, where he successfully led multiple treatment plant operations and achieved efficiency gains. In 2014, Mr. Castillo received the National Award "Tumi de Oro", awarded by the College of Engineers of Peru.

Mr. Castillo has successfully enhanced operational efficiency, streamlined processes, and achieved significant productivity improvement. Felicia Castro, Superintendent of Social Management, plays a vital role in guiding Silver Mountain towards sustainable mining practices. With more than 25 years of experience, Ms. Soto is an analyst with a Masters degree in Finance.