Silver Storm updates on management cease trade order status

Silver Storm Mining Ltd. provided a bi-weekly update regarding its management cease trade order (MCTO) issued on July 30, 2024, by the British Columbia Securities Commission. The MCTO was a result of the company's inability to file its annual financial statements and related documents by the July 29, 2024 deadline. The company anticipates completing its annual filings by September 27, 2024, and expects to file its interim financial statements shortly thereafter. The MCTO will remain in effect until the British Columbia Securities Commission receives all required filings from the company. Silver Storm is committed to adhering to the Alternative Information Guidelines, which include issuing bi-weekly updates while in default. As of the latest update, the company has confirmed that there are no insolvency proceedings against it and no undisclosed material information affecting its operations. Silver Storm Mining Ltd. holds advanced-stage silver projects in Durango, Mexico, and has recently acquired the La Parrilla Silver Mine Complex, which has a history of significant silver production. The company is focused on placing La Parrilla back into production, which is critical for its financial recovery and future growth. The company acknowledges the risks and uncertainties associated with its forward-looking statements, including potential delays in achieving its operational goals and the impact of market conditions. Stakeholders are advised to consider these factors when evaluating the company's future performance and prospects.