Silver Mountain Resources Inc. announced that Richard Contreras has been appointed to act as the Chief Operating Officer of the Company, effective October 24, 2022. Mr. Contreras is a mining engineer with more than 30 years of experience in the areas of underground operations, open pit, planning and projects. Mr. Contreras has experience in short, medium, and long term planning for underground mines and open pits, control operations and management indicators, leading sustainable systems in safety, health and environmental management and building high performance teams. Mr. Contreras previously worked as a country manager (Peru) for a subsidiary of Pan American Silver Corp.

and as a general manager for a subsidiary of Glencore PLC. Mr. Contreras holds a Bachelor of Science, Mining Engineer from the Universidad Nacional de Ingeniería (Peru), a Finance Degree from the Universidad del Pacífico (Peru), a Certificate from the National Mine Health and Safety Academy, Beckley, West Virginia, and a Mining Management Degree from the GERENS Graduate School (Peru). Mr. Contreras is a member of the Peruvian College of Engineers, the "Instituto de Ingenieros de Minas del Peru" (IIMP), and the Australasian Institute of Mining and Metallurgical, among others.