Southern Silver Amends Previously Announced Non-Brokered LIFE Private Placement

Vancouver, British Columbia--(Newsfile Corp. - May 28, 2026) - Southern Silver Exploration Corp. (TSXV: SSV) (the "Company" or "Southern Silver") announces that it has amended the previously announced non-brokered private placement which will now consist of up to 7,272,726 common shares of the Company (the "Shares") at a price of $0.55 for gross proceeds of up to $3,999,999.30 (the "Offering"). Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions ("NI 45-106"), the Shares will be offered for sale to purchasers resident in the provinces of British Columbia, Alberta, Manitoba, Saskatchewan and Ontario pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption.