Vancouver - Summa Silver Corp. ('Summa' or the 'Company') (TSXV: SSVR) (OTCQB: SSVRF) (Frankfurt: 48X) is pleased to provide an update on exploration activities and to report results from a rock sampling program at its high-grade Mogollon Property, near Silver City, New Mexico.

Sampling Highlights

Ultra High Grades Present: Multiple samples returned grades which exceeded 1,000 g/t AgEq and locally exceeded 5,000 g/t AgEq.

Widespread High-Grade Silver and Gold: The sampled area covers a footprint of 3.5 x 3.5 km, highlighting the considerable scale of the Mogollon property and confirming it as a mineralized highgrade precious metal district.

Numerous Undrilled Targets Emerging: Most high-grade veins at surface have never been drilled and present compelling discovery opportunities after the Consolidated Extension area is drilled out in 2022.

Galen McNamara, CEO, stated: 'We expect 2022 to be transformative for the Company. Extensive drill programs are required on both properties as we aggressively push towards mineral resource estimates. As this process moves forward, we also expect to regularly release results from up to 75 holes, all of which are planned to test zones of known high-grade mineralization on either an extension or infill basis. Additionally, the presence of high-grade at surface in numerous veins validates the high potential of the Mogollon property. In the bigger picture, the current drilling area at the Consolidated Extension target represents only a small part of the story here. As exploration and drilling advance, we will soon find out if Mogollon is one of the great vein fields left in the United States.'

Contact:

Tel: 604-684-6730

Email: SSVR@kincommunications.com

Cautionary note regarding forward-looking statements

This news release contains certain 'forward looking statements' and certain 'forward-looking information' as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as 'may', 'will', 'should', 'expect', 'intend', 'estimate', 'anticipate', 'believe', 'continue', 'plans' or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management's current expectations and plans relating to the future. These forward looking statements or information relate to, among other things: the release of assays, the intended completion of mineral resource estimates, and the exploration and development of the Company's mineral exploration projects including completion of surveys and drilling activities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the requirement for regulatory approvals; enhanced uncertainty in global financial markets as a result of the current COVID-19 pandemic; unquantifiable risks related to government actions and interventions; stock market volatility; regulatory restrictions and other related risks and uncertainties. Forward-looking information are based on management of the parties' reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward looking statements or information.

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