Silver Mountain Resources Inc. announced that Alvaro Espinoza has been appointed as Chief Executive Officer of the Company, effective April 1, 2023. Mr. Espinoza is currently the Chief Executive Officer of Cautivo Mining Inc. and has previously served as the Executive Vice-President and Chief Financial Officer of mining companies in Colombi and Peru. Mr. Espinoza has 15+ years of experience in senior management positions in the mining industry in both Latin America and North America, with extensive experience in building, operating, and expanding mines, strategic planning, supply chain, financial analysis and control, project evaluation, project management and negotiation.

In connection with the appointment of Mr. Espinoza, effective April 1, 2023, Alfredo Bazo will be stepping down from his role as Chief Executive Officer.