Vancouver - Silver Dollar Resources Inc. (CSE: SLV) (OTCQX: SLVDF) ('Silver Dollar' or the 'Company') is pleased to report the latest assay results from Phase II drilling at the underexplored Noria portion of the La Joya Silver Project (the 'Property') located in the state of Durango, Mexico.

Key Highlights

Hole NOR-22-017 returned 1,052 grams per tonne (g/t) silver equivalent AgEQ over 1.87 metres (m).

Hole NOR-22-020 returned 662 g/t AgEQ over 2.33 m within a broader intercept of 145 g/t AgEQ over 22.36 m.

A total of 3,428 metres of drilling over 17 holes have been completed to date in Phase II drilling. Drill core logging and sampling of all holes is complete, and all samples have been submitted for analysis. Assay results for the initial four holes of the Phase II program were previously reported, and the results reported below are for the next five holes.

Phase II Drilling Objectives and Discussion

Hole NOR-22-016 was drilled in the Brazo Zone 30-degree steeper below NOR-22-015 to target the area between the silver-zinc and gold zones and was successful in expanding the Brazo Zone at depth.

Hole NOR-22-017 was drilled to test for mineralization 25 m to the south of the shallow gold zone encountered in NOR-21-004. This hole encountered a 12.87 g/t gold intercept that correlates to one of the gold intercepts in NOR-21-004.

Hole NOR-22-018 was drilled in the same section as NOR-21-004 at 15-degree shallower to target the gold mineralization 35 m and 44 m to the east. This hole missed the target suggesting that if the gold mineralization has continuity, it may dip to the east steeper than the -60-degree of hole NOR-22-018.

Hole NOR-22-019 was drilled in the Brazo Zone on the same section and 26 m back to target mineralization 40 m down section from NOR-22-016. The Brazo structure is now mineralized over a drilled strike length of 155 m and remains open in both strike directions and at depth.

Hole-22-020 was drilled in the Brazo Zone to target an extension 35 m to the northwest of the high-grade mineralization intercepted in hole NOR-22-013. This hole cut the same type of skarn alteration and sulphide mineralization.

'Drilling continues to expand the Brazo Discovery, and we are awaiting results for eight more holes from the Phase II program,' said Mike Romanik, president of Silver Dollar. 'We have paused further drilling until we receive the balance of the Phase II results, and the drill rig has been left onsite as we plan our next phase of exploration.'

About Silver Dollar Resources Inc.

Silver Dollar is a mineral exploration company that completed its initial public offering in May 2020 and is fully funded for 2022 with approximately $8 million in the treasury. The Company's projects are located in two of the prolific mining jurisdictions in the world and include the advanced exploration and development stage La Joya Silver Project in the state of Durango, Mexico and the discovery-stage Pakwash Lake and the Longlegged Lake properties in the Red Lake Mining District of Ontario, Canada. The Company has an aggressive growth strategy and is actively reviewing potentially accretive acquisitions with a focus on drill-ready projects in mining-friendly jurisdictions internationally.

Contact:

Michael Romanik

Tel: (204) 724-0613

Email: mike@silverdollarresources.com

Forward-Looking Statements

This news release may contain 'forward-looking statements.' Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

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