VANCOUVER - Tier One Silver Inc. (TSXV: TSLV, OTCQB: TSLVF) ('Tier One' or the 'Company') is pleased to announce that it has restarted exploration work at the Curibaya project in southern Peru and at the Hurricane project, located approximately 65 kilometres (km) north of the city of Cusco.

The Company is advancing Curibaya toward its second phase of drilling, which is expected to consist of approximately 2,000 - 4,000 metres (m), with pre-drilling surface work focusing on the Cambaya target. Highlights from the first drill program at the project included 1.5 m of 1,129 g/t silver (Ag), 1.04 g/t gold (Au) in a larger interval of 7 m of 272 g/t Ag, 0.33 g/t Au.

At the Hurricane project, the Company will be conducting geochemical and geophysical surveys at the Magdalena target area, where five mineralized vein corridors were identified with recent channel sampling results including 6 m of 239 g/t Ag, 1.21% Cu, 0.34% Pb, 0.15% Zn and 1 m of 605 g/t Ag, 0.26% Cu, 5.79% Pb, 0.21% Zn. In addition, at the copper-nickel-platinum-palladium-silver prospects at Hurricane, which includes Nanohuayco, San Cipriano and Morro Culispata, where social access was recently obtained, the Company plans to initiate surface work to define potential drill targets in preparation for permitting.

Corporate Update

The Company announces that Ivan Bebek is now the Chair of the Board of Directors and that former Co-Chair, Shawn Wallace, has retired from the Board and moved into an advisor role.

A Message from Peter Dembicki, President, CEO and Director: 'Following the highly successful phase I drill program at Curibaya and early-stage channel sampling at Hurricane, we're excited to restart our exploration programs and advance the significant potential at the identified targets.'

'This second phase of exploration is exciting as it gives us the opportunity to expand on our initial findings and further define a mineralized system. Curibaya is located on one of the most prolific mining trends in the world and Hurricane demonstrates exceptional grade and has been vastly underexplored. Collectively, these projects offer grade, scale and a pipeline for potential world-class discoveries.'

'In addition, on behalf of Tier One Silver, I would like to thank Shawn for his contributions, which started prior to the inception of the Company and led us to where we are now. He has helped to position Tier One for exploration success and will continue to work with us closely as an advisor while assuming his new role as CEO of Torq Resources. I look forward to continuing to work with Ivan in his role as Chair.'

Contact:

Natasha Frakes

Tel: (778) 729-0600

Email: 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: Curibaya, Hurricane Silver, Coastal Batholith and Corisur.

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. 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 heavily 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 in regard to the Company's exploration plans.

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