Silver One Resources Inc. announce commencement of a 7,500-meter reverse circulation drilling program on its 100% owned Candelaria Project located in western Nevada, USA. This program will augment results beyond the significant progress made in the 2021 drill and exploration programs, as the Company proceeds to define updated resources and advances towards an economic study in 2022. The upcoming drill program will consist of up to 32 holes and will concentrate on two main goals.

It will continue to examine and potentially expand near-surface silver-oxide mineralization along strike from the previously mined Mount Diablo and Northern Belle open-pits. Drilling will also fill in areas along the potential extensions to the higher-grade, down-dip continuation of the mineralized system. Drilling in 2020-2021 intercepted multiple high-grade intervals in the hundreds of grams per metric tonne ("g/t") silver with significant gold values.

These higher grade intercepts were outlined in the Company's July 15, 2021 news release, where a high-grade intercept of 1,070 g/t silver and 1.48 g/t gold over 4.57 meters, within a 25.91-meter interval that averaged 248.5 g/t silver and 0.40 g/t gold in hole SO-C-21-92 was reported and in a May 26, 2021 Company news release where a high-grade intercept of 1,776 g/t silver and 2.55 g/t gold over 1.52 meters, within a 7.62-meter interval that averaged 563 g/t silver and 0.73 g/t gold in hole SO-C-21-73 was delineated.