Silver Wolf Exploration Ltd. announced that it has received the assay results from one hundred and fourteen (114) grab/chip samples collected during the on-going surface sampling program at the Ana Maria Property, located 21 kilometres (km) northwest of the City of Gómez Palacio and the adjacent City of Torreón. The property consists of 9 mining concessions encompassing a total of 2,549 hectares (ha) in the well-known Mexican silver belt, adjacent to claims owned by Penoles. The Ana Maria Central claim, know as the La Recompensa claim with the location of samples that have assays of zinc grades greater than 1% from this set of sample results. These channel samples are listed with the assay results and corresponding widths.

The numbers listed in the figures correspond to the sample number in the full list available on website and in the abbreviated table. Figure 2 shows the development of a skarn structure underground from a plan view, represented by the iron oxides (hematite, magnetite, jarosite) and weak veinlet of white calcite. Gold and zinc grades are shown from the channel sampling.

The Ana Maria South claim, known as the El Soldado claim with location of samples with lead or zinc grades greater than 1%. The numbers listed in the figures correspond to the sample number in the full list available on website and in the abbreviated table. Historic workings where recently discovered in the claim indicating historic small-scale mining.

Silver Wolf has been following a structured approach to exploration, as laid out in the NI 43-101 technical report as filed on SEDAR, which consists of field mapping, sampling, LIDAR and hyperspectral imaging. In addition, a geophysical survey, performed by Terraquest, using electromagnetic methods has started and is ongoing. With the completion of the geophysical survey in early first quarter, the Silver Wolf team will interpret the data to finalize the drill targets planned for 2022.

Silver Wolf has updated the mineral contouring maps presented in the September 27, 2021 new release with the additional sampling data. These maps show the intensity and extent of the respective element being mapped. The grade contours represent anomalies, that, when overlayed with anomalies generated in the upcoming geophysical surveys, will provide a basis for prioritizing drill targets.

Grab samples are selective in nature, and do not necessarily reflect the general geology of the Ana Maria property. True widths cannot be determined with the channel sample information as presented. Samples were submitted to the SGS Laboratory facility in Durango, Mexico.

Gold is assayed by fire assay with an AA finish. Multi-element analyses are completed using SGS ICP14B methods. Any copper, manganese or iron samples exceeding 10,000 ppm (1%) are assayed using SGS ICP90Q methods.

SGS is an ISO9001 certified laboratory. Mr. Garth Kirkham P. Geo., Independent Consultant for Silver Wolf, is a "qualified person" as defined by National Instrument 43-101 and has approved the scientific and technical disclosure in this news release.