TORONTO, June 11, 2026 (Newswire.com) – Silver Storm Mining Ltd. (“Silver Storm” or the “Company“) (TSX-V:SVRS)(OTCQX:SVRSF)(FSE:SVR) is pleased to announce the first silver-gold doré pour at the Company’s 100%-owned La Parrilla Silver Mine Complex (“La Parrilla“) located in Durango State, Mexico.
Greg McKenzie, President and CEO, stated, “We are excited to reach this significant milestone less than three years after closing the acquisition of La Parrilla. I extend my congratulations to the Silver Storm team for delivering first silver safely and successfully. With the first pour completed, we have kicked off the restart of operations at La Parrilla, starting a new chapter for the Company and its stakeholders.”
Figure 1: First doré pour at La Parrilla (left); silver-gold doré bars poured at La Parrilla (right)
The first pour was completed as part of the commissioning process of the oxide processing circuit at La Parrilla. The Company now expects to be able to pour silver-gold doré on an ongoing basis. Silver Storm commenced the commissioning of the oxide processing circuit in early June utilizing mineralized material from the open-pit oxide stockpile. The oxide circuit will continue to process the material from the oxide stockpile until underground development in the San Marcos area of the mine starts to provide access to run-of-mine mineralized oxide material. Commissioning of the 1,250 tonnes per day sulphide processing circuit is expected to commence in June 2026 with an estimated ramp-up period of one month.
Issue of Stock Options
Pursuant to its 2020 Amended and Restated Incentive Stock Option Plan (the “Plan”), Silver Storm has granted stock options of the Company (“Options”) to certain officers, employees, and consultants of the Company, to purchase an aggregate of 400,000 common shares of the Company at the price of $0.50 per share for a period of five years from date of grant. The Options all vest periodically in accordance with their terms. The Options granted are under and subject to the terms and conditions of the Plan and subject to the rules and policies of the TSX Venture Exchange (the “Exchange”). This stock option grant is subject to acceptance by the Exchange.
Qualified Person
The scientific and technical information in this document has been reviewed and approved by Shane Ghouralal, P.Eng., Director, Technical Services of the Company, a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“).
