SMR announces the appointment of Vice President, Finance

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Silver Mountain Resources Inc. (“Silver Mountain” or the “Company”) (TSXV: AGMR, OTC: AGMRF) (OTCQB: AGMRF) (BVL: AGMR) is delighted to announce the appointment of Mr. Claudio Cubillas as a vice president, finance, effectively 1 October 2025.

Mr Cubillas is an experienced director with more than 16 years of progressive experience in the mining sector, which include business financing, project control and mining activities. He recently served as general manager of Sociedad Minera Corona Sa, a subsidiary of Sierra Metals Inc., where he successfully led a passage strategy that restored profitability, recovered liquidity and improved operational stability. In this role he demonstrated strong opportunities in financial planning, cost control, project implementation and operational management in underground mining environments. Mr Cubillas also held senior financing positions at Sierra Metals Inc., where he was responsible for financial planning of companies, debt rewarding and supporting crisis management initiatives. Earlier in his career, Mr Cubillas worked in investment banking and advised Latin -American companies on capital increase and debt structuring.

As a vice -president, finance, Mr Cubillas will be established in Peru and will offer direct support to the financial officer of the company, supervise local financial activities, strengthen internal controls and promote the company’s financial planning as the development of the reliquia project in Huancavela, Peru remains.

“We are delighted to welcome Claudio to our leadership team. His expertise in finance, project control, mine activities and investment banking will play an important role in improving our financial management capacities and supporting the implementation of the Reliquia project,” said Alvaro Espinoza, Chief Executive.

In connection with his appointment, Mr Cubillas received a total of 30,000 options to acquire class A ordinary shares from the company (“options”). The options are exercised for a price of $ 3.25 per share for a period of 5 years.

About Silver Mountain Resources Inc.

Silver Mountain Resources Inc. is a Canadian mining company focused on the exploration and development of silver projects in Peru. The most important asset of the company is the Reliquia project, a past-producing silver mine in the Castrovirreyna district of Huancavelica. Silver Mountain strives to create long -term value for its shareholders by responsible mining, strong community involvement and sustainable development practices.

www.agmr.ca

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Foresighting statements

This press release contains future -oriented statements and future -oriented information within the meaning of Canadian securities legislation (joint, “future -oriented statements”) that relate to the current expectations and views of Silver Mountain on future events. Any Statements that Express or Involve Discussions as To Expectations, Beliefs, Plans, Objectives, Assumptions, Or Future Events or Performance (OFTEN, BUT NOT Always, Through anticipated,” “anticipates,” “believes,” “estimated,” “intends,” “plans,” “forecast,” “projection,” “strategy,” “Objectief” en “Outlook”) zijn geen historische feiten en kunnen toekomstgerichte verklaringen zijn en kunnen schattingen, veronderstellingen en onzekerheden met zich meebrengen die de werkelijke resultaten of resultaten kunnen veroorzaken die materieel verschillen van die expressed edition.

Forward -looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which exceed the control of Silver Mountain, as a result of which actual results and events can differ material from those that are announced in or implied by such future -oriented statements. Such risks and uncertainties include, but are not limited to, the factors set out under “caution with regard to future -oriented statements” and “risk factors” in the annual information form of the company of July 17, 2025 and other disclosure documents available on the company profile on Sedar+ AT www.sedarplus.ca . Silver Mountain is not obliged to update or revise future -oriented statements, either as a result of new information, future events or otherwise, except as may be required by law. New factors arise from time to time, and it is not possible for Silver Mountain to predict them all whether to assess the impact of each such factor or the extent to which any factor, or combination of factors can cause results that differ substantially from those in a future -oriented explanation. All future -oriented statements in this press release are explicitly qualified in their entirety by this warning statement.

Source Silver Mountain Resources Inc.

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