Silver Mountain Resources Inc. announce that Gerardo Fernandez has been elected as a director of the Company at the Company's annual general meeting of shareholders, which was held on June 27, 2024 (the "Meeting"). All of the Company's other directors were also re-elected at the Meeting. Mr. Fernandez is an experienced mining executive with substantial business and operational experience in the mining industry.

Mr. Fernandez is currently the Chief Development Officer of Allied Gold Corporation and acts as a strategic advisor to Adventus Mining Corporation. Mr. Fernandez was previously Senior Vice President, Corporate Development of Yamana Gold Inc., having worked in several leadership positions in operations, strategic planning and project development. Mr. Fernandez holds a Masters of Business Administration (Nevada, USA) and degrees in Civil Mining Engineering and BSc.

Engineering from the University of Chile.