VANCOUVER - Silver Wolf Exploration Ltd. (TSXV: SWLF) (OTCQB: SWLFF) ('Silver Wolf' or the 'Company') is pleased to announce that further to the Company's press release dated May 24, 2022, the Company has closed its best efforts non-brokered private placement (the 'Private Placement').

The Private Placement financing consists of 4,014,400 'Units' at an offering price of $0.15 per share for aggregate gross proceeds of $602,160. Each Unit will be comprised of one (1) common share of the Company and one (1) non-transferable common share purchase warrant 'Warrant'. Each Warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of $0.25 at any time up to 18 months following the date of issuance.

Two officers of the Company participated in the Private Placement, for a total of 300,000 Units. The participation by insiders in the Private Placement is a related-party transaction, as defined under Multilateral Instrument 61-101.

In connection with the closing of the Private Placement, the Company paid finder's fee commission of $840 to Canaccord Genuity Corp.

The securities issued by the Company in connection with this financing will be subject to a 4-month and a day 'hold period' expiring October 17, 2022, as prescribed by the policies of the TSX and applicable securities laws. The terms of the Offering arealso subject to the final acceptance by the TSX Venture Exchange. Conditional approval was provided by the TSX on June 7, 2022.

The net proceeds of the Private Placement will be used for financing the ongoing drill program on the Ana Maria property, Mexico, and the Company's general working capital requirements.

Contact:

Tel: (604) 682-3701

Web: www.silverwolfexploration.com

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