VANCOUVER - Silver Wolf Exploration Ltd. (OTCQB: SWLFF) (TSXV: SWLF) ('Silver Wolf' or the 'Company') is pleased to announce that it has received the assay results from one hundred and fourteen (114) grab/chip samples collected during the on-going surface sampling program at the Ana Maria Property, located 21 kilometres (km) northwest of the City of Gomez Palacio and the adjacent City of Torreon.

The property consists of 9 mining concessions encompassing a total of 2,549 hectares (ha) in the well-known Mexican silver belt, adjacent to claims owned by Penoles.

'We continue to execute on our exploration plan as we develop our understanding of the Ana Maria Property using the CRD model developed by Dr. Peter Megaw' said Peter Latta, President. 'The results of these samples confirm the mineralized skarn structure previously identified in September. The high-grade channel samples, taken over a cross section of an underground level accessed from surface, provides an indication of the key geological features that host high grade mineralization in the El Sarnoso area. This gives us more confidence that the other areas of the large skarn structure could host similar mineralization providing the basis for a significant new discovery. In the southern claim, the extremely high-grade zinc and lead mineralization along with the high-grade silver values as well as the recently discovered historical workings indicate the potential for a carbonate replacement deposit. This aligns well with the hub and spoke theory created by the El Sarnoso intrusion. We will layer in data from the recently started geophysical survey to finalize our drill targets for later this year. Finally, we have submitted an application to more than double our land package in the area.'

Ana Maria Exploration Work

Gold and zinc grades are shown from the channel sampling. Historic workings where recently discovered in the claim indicating historic small-scale mining.

Silver Wolf has been following a structured approach to exploration, as laid out in the NI 43-101 technical report as filed on SEDAR, which consists of field mapping, sampling, LIDAR and hyperspectral imaging. In addition, a geophysical survey, performed by Terraquest, using electromagnetic methods has started and is ongoing. With the completion of the geophysical survey in early Q1, the Silver Wolf team will interpret the data to finalize the drill targets planned for 2022.

Contact:

Tel: (604) 682-3701

Web: www.silverwolfexploration.com

Cautionary Note

The information contained herein contains 'forward-looking statements' within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on numerous assumptions and involve known and unknown risks, uncertainties, and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.

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