Extractive Sector Transparency Measures Act - Annual Report

Reporting Entity Name

Silver One Resources Inc.

Reporting Year

From

2022-01-01

To:

2022-12-31

Date submitted

2023-05-16

Reporting Entity ESTMA Identification Number

E927883

Original Submission

Amended Report

Other Subsidiaries Included (optional field)

Not Consolidated

Not Substituted

Attestation by Reporting Entity

In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.

Full Name of Director or Officer of Reporting Entity

Carmen Amezquita

Date

2023-05-16

Position Title

CFO

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

2022-01-01

To:

2022-12-31

Reporting Entity Name

Silver One Resources Inc.

Currency of the Report

CAD

Reporting Entity ESTMA

E927883

Identification Number

Subsidiary Reporting Entities (if

necessary)

Payments by Payee

Departments, Agency, etc…

Infrastructure

Total Amount paid to

Country

Payee Name1

within Payee that Received

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Improvement Payments

Payee

Payments2

United States of America

Government of the United States

Bureau of Land Management

500,000

500,000

Notes34

Land payments to BLM- amount paid in USD and translated into CAD, which is the presentation currency of the company, using the average rate for the year at a rate of $1 US dollar to $1.3011 Canadian dollars.

Additional Notes:

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

2022-01-01

To:

2022-12-31

Reporting Entity Name

Silver One Resources Inc.

Currency of the Report

CAD

Reporting Entity ESTMA

E927883

Identification Number

Subsidiary Reporting Entities (if

necessary)

Payments by Project

Country

Project Name1

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure

Total Amount paid by

Improvement Payments

Project

United States of America

Candelaria

250,000

250,000

United States of America

Eastern Nevada

44,000

44,000

United States of America

Cherokee

125,000

125,000

United States of America

Phoenix Silver

81,000

81,000

Notes23

Land payments to BLM- amount paid in USD and translated into CAD, which is the presentation currency of the company, using the average rate for the year at a rate of $1 US dollar to $1.3011 Canadian dollars.

Land payments to BLM- amount paid in USD and translated into CAD, which is the presentation currency of the company, using the average rate for the year at a rate of $1 US dollar to $1.3011 Canadian dollars.

Land payments to BLM- amount paid in USD and translated into CAD, which is the presentation currency of the company, using the average rate for the year at a rate of $1 US dollar to $1.3011 Canadian dollars.

Land payments to BLM- amount paid in USD and translated into CAD, which is the presentation currency of the company, using the average rate for the year at a rate of $1 US dollar to $1.3011 Canadian dollars.

Additional Notes3:

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Disclaimer

Silver One Resources Inc. published this content on 17 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 May 2023 18:20:10 UTC.