Silver Mountain Resources Inc. (“Silver Mountain” or the “Company”) (TSXV: AGMR,OTC:AGMRF) (OTCQB: AGMRF) (BVL: AGMR) today announced that Alfredo Plenge has resigned as director of the Company, effective October 17, 2025. The Company thanks Mr. Plenge for his service and contributions to the Board of Directors.
Mr. Plenge Thorne has since been director of Silver Mountain December 31, 2020 and has provided the company with valuable experience and guidance. His decision to resign was made for personal reasons.
The Board of Directors expresses its sincere appreciation to Mr. Plenge Thorne for his dedication during his tenure, including key corporate milestones such as Silver Mountain’s initial public offering (IPO) in 2022 and several subsequent financings, secondary listings on the Lima Stock Exchange and OTCQB in 2022, leadership and management transitions, significant underground drilling campaigns at Reliquias to identify new high-grade mineralization and expand known veins, a new resource estimate for the Reliquias project, doubling the silver content present in the measured and indicated categories, consolidating the land position in the Castrovirreyna district through the acquisition of the Lira de Plata project from Pan American Silver in 2022, yielding a positive PEA in May 2024 for the Reliquias project, highlighting its economic viability, securing an extension of the company’s Environmental Impact Assessment (EIA) until 2034 and obtaining final government approval for the mine closure plan in 2024, signing twenty-year surface land use agreements with local communities in 2024 and 2025, a crucial step for restarting mining activities, and starting preparatory work for restarting the Reliquias project September 2025including mine development and maintenance of the processing plant and tailings facility.
The company wishes him all the best in his future endeavors.
The board will now consist of José Vizquerra (chairman), Juan Carlos Ortiz, Julio Arce, Tim Loftsgård, Johnny Decoman And Gerardo Fernandez. Mr. Plenge will remain as an advisor to the company for a transition period.
About Silver Mountain Resources Inc.
Silver Mountain Resources Inc. is a Canadian mining company focused on the exploration and development of silver projects in the region Peru. The company’s main asset is the Reliquias Project, a silver mine that historically produced silver, located in the Castrovirreyna district of Huancavelica. Silver Mountain is committed to creating long-term value for its shareholders through responsible mining, strong community involvement and sustainable development practices.
www.agmr.ca
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SOURCE Silver Mountain Resources Inc.
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