Tier One Silver Inc.

Summary:

• Inaugural drill program at Curibaya in 2021 included intercepts of 1.5 metres (m) of 1,129 g/t silver, 1.04 g/t Au in a larger interval of 7 m of 272 g/t Ag, 0.33 g/t Au and 1 m of 1,431 g/t Ag, 0.39 g/t Au within a broader interval of 1.5 m of 965 g/t Ag, 0.26 g/t Au.

• 2022 CSAMT survey has identified porphyry copper targets underlying the epithermal silver mineralization at Curibaya.

• Age of the mineralization at Curibaya has been identified as Paleocene, which is equivalent to multiple major deposits in Peru, including Quellaveco, Toquepala and Cuajone(Southern Copper Corp).

• Leadership has two prior exploration successes, Keegan Resources, now Galiano Gold, a producing gold company and Cayden Resources, which sold for C$205M to Agnico Eagle in 2014.