Silver Storm Mining Ltd. announced a non-brokered private placement offering of up to 18,200,000 units at an issue price of CAD 0.11 per unit for the gross proceeds of CAD 2,002,000 on March 13, 2024. Each Unit will consist of one common share and one half of one common share purchase warrant. Each Warrant shall be exercisable to acquire one additional Common Share at an exercise price of CAD 0.16 until twenty-four months from the date of issuance.

In connection with the Offering, the Company may pay finders? fees in cash or securities, or a combination of both, as permitted by the policies of the TSXV. The Offering may close in one or more tranches.

The closing is subject to certain conditions including, but not limited to, the completion of documentation and the receipt of all necessary regulatory and other approvals, including the approval of the TSXV and applicable securities regulatory authorities. The Offering may be conducted in the United States pursuant to exemptions from the registration requirements under Rule 144A and/or Regulation D of the United States Securities Act of 1933, as amended, subject to receipt of all necessary regulatory approvals, and in those other jurisdictions outside of Canada and the United States provided it is understood that no prospectus filing or comparable obligation arises in such other jurisdiction. The securities issued and issuable pursuant to the Offering will be subject to a four month and one day hold period.