Silver Mountain Delivers Positive Preliminary Economic Assessment For Its Reliquias Project, Peru; Pre-Tax NPV 5% Of C$107 million, Pre-Tax IRR Of 57%, And Payback Of 1.8 Years

Key Highlights – Preliminary Economic Assessment ("PEA")

TORONTO, May 15, 2024 /CNW/ - Silver Mountain Resources Inc. ("Silver Mountain" or the "Company") (TSXV: AGMR) (OTCQB: AGMRF) is pleased to announce the results of a Preliminary Economic Assessment (the "PEA") of its 100% owned Reliquias Project, Huancavelica department, central Peru ("Reliquias" or the "Project"). The PEA shows Reliquias to be a robust silver and base metals project with significant infrastructure in place. Restarting operations at this historic past producer could position Silver Mountain as the next producer in Peru, taking advantage of a favourable metals market.