Silver Mountain Files NI 43-101 Technical Report for Previously Announced Updated Mineral Resource Estimate at the Reliquias Project

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TORONTO, March 19, 2024 (GLOBE NEWSWIRE) -- Silver Mountain Resources Inc. (“Silver Mountain” or the “Company”) (TSXV: AGMR; OTCQB: AGMRF) today announces that it has filed an independent technical report prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects supporting the updated mineral resource estimate for its 100% owned Reliquias project in central Peru.

The technical report entitled “NI 43-101 Technical Report: Mineral Resource Update, Reliquias Mine” dated March 8, 2024 and with an effective date of January 1, 2024 is available on SEDAR Plus (www.sedarplus.ca) under the Company’s issuer profile and will be posted on Silver Mountain’s website at www.agmr.ca. The Company is pleased to report there are no material differences between the key results, assumptions and estimates contained in the news release dated February 7, 2024, and the content of the technical report filed today.

On Behalf of the Board of Directors of Silver Mountain Resources Inc.

Alvaro Espinoza, Chief Executive Officer

About Silver Mountain 

Silver Mountain Resources Inc. is a silver explorer and mine developer planning to restart production at the Reliquias underground mine and undertake exploration activities at its prospective silver camps at the Castrovirreyna Project in Huancavelica, Peru.

For additional information in respect of the Castrovirreyna Project, please refer to the Company’s technical report, titled NI 43-101 Technical Report: Mineral Resource Update, Reliquias Mine, dated March 8, 2024, effective date January 1, 2024, available at https://sedarplus.ca.

For further information about our drill program, including cross sections of the main veins with drill hole locations, please refer to our corporate presentation, available on our website at www.agmr.ca

Silver Mountain’s subsidiary Sociedad Minera Reliquias S.A.C. owns 100% of its concessions and holds more than 60,000 hectares in the district of Castrovirreyna, Huancavelica, Peru.

For Further Information Contact:

Alvaro Espinoza
Chief Executive Officer 

Silver Mountain Resources Inc
82 Richmond Street East
Toronto, ON M5C 1P1
[e-mail]
www.agmr.ca

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