Silver Sands Resources Corp. reported results from the 12 hole, 1362m Phase IV diamond drill campaign at the Virginia Silver project ("Virginia"), located in Santa Cruz province, Argentina. The diamond drilling completed at Margarita and Ely Central continue to show the strong potential for significant new mineralization outside the current resource area.

The Phase IV focus centered on successfully testing the gaps along the principal vein structures at Ely and Martina, and extending Margarita to define new silver mineralization, and potentially new resources at Virginia. Previously undrilled "blue sky" targets of Daniela and Patricia were also tested during this campaign, with an encouraging intercept at Patricia, representing the first real significant silver drill intersections from these "outlying" vein trends to north and east of the principal resource pits.Drilling to the south and north of the pit resource at Ely North and Ely Central, resulted in significant intersections which potentially add new resources to the current Ely North resource area. The drilling suggests a continuously mineralized vein structure in the order of 872 metres.

Three holes totaling 261 metres were drilled at Ely Central, testing the existing gaps within the 500 metre long trend hosting previously drilled high grade silver anomalies. This 500-metre-long silver rich vein trend hosts previously reported isolated highlight grades of 1,110 g/t silver over 5.7 metres, (see 2021- May-17 news release), outcrops on surface and remains open at the current depth of drilling, 100 vertical metres. Phase IV drill highlights include: EC-DDH-011: 124 g/t silver over 11.95m, including 192 g/t silver over 1.8m; EC-DDH-010: 190 g/t silver over 1.95m, including 553 g/t silver over 0.3m; EC-DDH-012: 87 g/t silver over 2m, including 182 g/t silver over0.3m.

One drillhole successfully tested the northern extension of the 200m long anomalous southern end of Ely North vein, currently lying outside of the Ely North Resource pit, at a vertical depth of 100m below the surface. The hole extended the zone a further 50 metres to the north and further reduced the gap with theNorth resource pit. EN-DDH-006: 144.5 g/t silver over 5.65m, including 418 g/t silver over 0.6m .

The Ely Vein Longitudinal Section (Figure 2) clearly shows areas of drilling to connect the current Ely South and Ely North resource pits: including the existing gaps between EC-DDH-012 and EC-DDH-002, between EC-DDH-008 and VG-183 and between EN-DDH-006 and VG-186. The northern-most end of the Ely North resource pit was also extended by EN-DDH-001 andremains open to North. Three drillholes totaling 333 metres were successfully completed at the new emerging Margarita high grade silver vein zone, extending the mineralized trend in excess of 150m to the north-west; the system remains open in both directions and at depth.

The silver mineralization and assay results at Margarita Vein are extremely encouraging as they bear a strong resemblance to the mineralization and grades at the Julia Vein, host of a significant portion of the silver resources at Virginia. Highlights include: MR-DDH-004 ­ 720 g/t silver over 4.85m, including 1533 g/t silver over 0.65m, within a larger Interval of 343 g/t silver over 12.85m; MR-DDH-005 ­ 322 g/t silver over 2.5m, including 673 g/t silver over 0.6m; MR-DDH-006 ­ 185 g/t silver over 3.6m, including 588 g/t silver over 0.5m. The MR-DDH-004 intersection consisted of a strongly banded epithermal vein with fine grained sulphides and copper oxides, with halos of hydrothermal vein breccia returning highlight values of 1078 g/t silver over 0.3m.

The entire 12.85 metre interval consisted of an upper 237 g/t silver over 3.2m, a middle 32 g/t silver over 4.8m and a lower 720 g/t silver over 4.85m. Northernmost MR-DDH-005 returned 322 g/t silver over 2.5m including 673 g/t silver over 0.6m with a highlight value of 704 g/t silver over 0.3m. Deeper MR-DDH-006, vertically 100m below surface, returned 185 g/t silver over 3.6m, including 588 g/t silver over 0.5m, confirming the high grade silver mineralization extends to depth and remains open.

The Patricia and Daniela veins are important as they lie well outside of the main Virginia vein field hosting the current mineral resource area and hence, represent new areas for potential silver mineralization. Further, they host the highest untested surface silver rock chips anomalies. One drill hole tested each of these targets in Phase IV, with the objective of confirming the downdip extensions of these surface expressions, as these were the initial drillholes into each of these targets.

The Patricia drill hole, PA-DDH-001 encountered 120 g/t silver over 1.45m, including 198.5 g/t silver over 0.5m, along with a second zone of 97.5 g/t silver over 2.95m, including 163 g/t silver over 0.35m. While these drill results have not yet replicated the extremely high grade blocks (29,837 g/t silver) sampled on the surface at Daniela and Patricia, they have shown both the structure and significant silver mineralization occur at depth.