Silver One Resources Inc. announced that it has acquired a 100% interest in the past producing Candelaria silver mine project in Nevada from SSR Mining Inc. In order to obtain its 100% interest, Silver One previously issued to SSR Mining a total USD 3,100,000 of common shares (being 10,424,374 common shares) over a three year period from 2017 to 2020, and assumed an USD 2,491,757 reclamation bond filed with the BLM. As part of its acquisition of the Candelaria silver mine project, the Company did not grant a royalty to SSR Mining. Prior to the Company's acquisition of Candelaria silver mine project, the Company and SSR Mining agreed to extend the option end date and, in consideration of which, the Company agreed to issue 250,000 common shares to SSR Mining.

The issuance of the shares is subject to TSX Venture Exchange acceptance and will be subject to restrictions on resale for a period of four months from the date of issue.