Die erweiterte Genehmigung würde es dem Unternehmen ermöglichen, bis zu 200 Bohrungen von bis zu 20 neuen Bohrplattformen aus niederzubringen, wodurch sich die Gesamtzahl der Bohrungen, die Tier One auf dem Projekt Curibaya niederbringen kann, auf 240 erhöhen würde. Tier One erwartet, dass sein Bohrprogramm bei Cambaya im zweiten Quartal 2022 nach der Regenzeit beginnen wird.

Eine Nachricht von Peter Dembicki, President, CEO & Director:

„Das Projekt Curibaya hat in den letzten sechs Monaten beträchtliche Fortschritte gemacht und unser Vertrauen in das Potenzial für eine Silberentdeckung von Weltklasse wurde gestärkt. Die von uns durchgeführten Arbeiten haben zu einer größeren Fläche mit hochgradiger Silbervererzung geführt, die sowohl in Gesteinsproben als auch in den jüngsten Schlitzproben aus dem Zielgebiet Cambaya zu sehen ist.“

"Die erweiterte Genehmigung gibt uns die Möglichkeit, die aktuellen Ziele weiterzuverfolgen und mehrere neue Ziele, die im Gebiet Cambaya identifiziert wurden, aggressiv zu überprüfen. Die Genehmigungen werden voraussichtlich im 2. Quartal des nächsten Jahres erteilt.“

Michael Henrichsen (Chief Geologist), P.Geo is the QP who assumes responsibility for the technical contents of this press release.

ON BEHALF OF THE BOARD OF DIRECTORS OF TIER ONE SILVER INC.

Peter Dembicki
President, CEO and Director

For further information on Tier One Silver Inc., please contact Natasha Frakes, Vice President of Communications at (778) 729-0600 or info@tieronesilver.com.

About Tier One

Tier One Silver is an exploration company focused on creating value for shareholders and stakeholders through the discovery of world-class silver, gold and base metal deposits in Peru. The Company’s management and technical teams have a strong track record in raising capital, discovery and monetization of exploration success. The Company’s exploration assets in Peru include: Hurricane Silver, Emilia, Coastal Batholith, Corisur and the flagship project, Curibaya, which has commenced its first drill program. For more information, visit www.tieronesilver.com.

Forward Looking Information and General Cautionary Language

This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, “forward-looking statements”) that relate to the Company’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. In particular and without limitation, this news release contains forward-looking statements regarding the Company’s exploration plans.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.