Tier One Silver Commences Work at Curibaya and Hurricane Projects in Peru

VANCOUVER, BC / ACCESSWIRE / June 27, 2022 / Tier One Silver Inc. (TSXV:TSLV, OTCQB:TSLVF) ("Tier One" or the "Company") is pleased to announce that it has restarted exploration work at the Curibaya project in southern Peru and at the Hurricane project, located approximately 65 kilometres (km) north of the city of Cusco (Figure 1).

The Company is advancing Curibaya toward its second phase of drilling, which is expected to consist of approximately 2,000 - 4,000 metres (m), with pre-drilling surface work focusing on the Cambaya target. Highlights from the first drill program at the project included 1.5 m of 1,129 g/t silver (Ag), 1.04 g/t gold (Au) in a larger interval of 7 m of 272 g/t Ag, 0.33 g/t Au (Figure 2).

At the Hurricane project, the Company will be conducting geochemical and geophysical surveys at the Magdalena target area, where five mineralized vein corridors were identified with recent channel sampling results including 6 m of 239 g/t Ag, 1.21% Cu, 0.34% Pb, 0.15% Zn and 1 m of 605 g/t Ag, 0.26% Cu, 5.79% Pb, 0.21% Zn (Figure 4). In addition, at the copper-nickel-platinum-palladium-silver prospects at Hurricane, which includes Ñañohuayco, San Cipriano and Morro Culispata, where social access was recently obtained, the Company plans to initiate surface work to define potential drill targets in preparation for permitting (Figure 5).

Corporate Update:

The Company announces that Ivan Bebek is now the Chair of the Board of Directors and that former Co-Chair, Shawn Wallace, has retired from the Board and moved into an advisor role.

A Message from Peter Dembicki, President, CEO and Director:

"Following the highly successful phase I drill program at Curibaya and early-stage channel sampling at Hurricane, we're excited to restart our exploration programs and advance the significant potential at the identified targets."

"This second phase of exploration is exciting as it gives us the opportunity to expand on our initial findings and further define a mineralized system. Curibaya is located on one of the most prolific mining trends in the world and Hurricane demonstrates exceptional grade and has been vastly underexplored. Collectively, these projects offer grade, scale and a pipeline for potential world-class discoveries."

"In addition, on behalf of Tier One Silver, I would like to thank Shawn for his contributions, which started prior to the inception of the Company and led us to where we are now. He has helped to position Tier One for exploration success and will continue to work with us closely as an advisor while assuming his new role as CEO of Torq Resources. I look forward to continuing to work with Ivan in his role as Chair."