Tier One Silver Inc. announced that it has resumed exploration activities at its Curibaya project, located in Southern Peru. The exploration program has been planned to cover three main project zones within the Company's high-priority silver-gold corridors that have been underexplored to date: Cambaya I, Cambaya II and the recently identified polymictic breccia in Zone 1. The program will consist of two to three months of field work, including sampling and geological mapping, with the aim of expanding and defining the potential of the precious metal epithermal corridors and the porphyry target based on existing geochemical and CSAMT geophysical anomalies, to delineate drill targets for the drill program anticipated for later this year. Cambaya I and Cambaya II Corridors: The Cambaya structural corridors are located in the northeast area of the project, which is the highest target in topographic elevation (2400m above sea level) and within the epithermal system with highly elevated arsenic values, indicating that the potential precious metals horizon is being preserved at shallow depth.

Highlights from previous channel sampling in these corridors include: 4.5 metres (m) of 408.2 g/t silver (Ag) and 1.48 g/t gold (Au), including 1 m of 1,768.0 g/t Ag and 6.33 g/t Au, in 22CRT-080; 8 m of 349.1 g/t Ag and 0.46 g/t Au, including 1 m of 2,680.0 g/t Ag and 3.14 g/t Au, in 21CRT-56; 2.5 m of 136.4 g/t Ag and 0.82 g/t Au, including 0.5 m of 568.0 g/t Ag and 3.37 g/t Au, in 22CRT-101; 20 m of 242.7 g/t Ag and 0.71 g/t Au in 21CRT-55; 2 m of 1,074 g/t Ag and 0.53 g/t Au in 21CRT-44; 11 m of 232.1 g/t Ag and 1.6 g/t Au, including 1 m of 1660 g/t Ag and 14 g/t Au, in 21CRT-34; 9 m of 409 g/t Ag and 0.4 g/t Au including 3 m of 949.7 g/t Ag and 0.8 g/t Au in 21CRT-36; 2 m of 1736.5 g/t Ag and 1.6 g/t Au including 1 m of 3170 g/t Ag and 2 g/t Au in 21CRT-52. The intention for this fieldwork campaign is to extend both corridors and gain a better understanding of the geometry of the ore shoots within each corridor. The Company will also be following up on the strong stream sediment copper signatures in Zone 1, which is located on the west side of the primary Cambaya I and Cambaya II corridors, where minimum exploration has occurred to date.

Besides having high bulk leach extractable gold ("BLEG") anomalies in copper and gold, this area returned high grade silver samples up to 1,360 g/t Ag, 42.20 Au and 6.12% Cu related to silicified fragments in a possible polymictic shatter breccia. Field work in this campaign will be focused on extending the north-south extension of this polymictic breccia and to help better understand its geometry. The current exploration work will help to further delineate drill targets within the area that has greater widths and higher grades, for a follow up drill program planned, subject to financing, to test the targets identified within the Cambaya corridors.