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Southern Silver Exploration Corp : Southern Intersects Bonanza-Grade Silver at Cerro Las Minitas with 8 0 Metres Averaging 1,072g/t Ag, 18 8% Pb and 7 5% Zn (2,040g/t AgEq) including 0 6 Metres Grading 3,180g/t Ag, 58 8% Pb and 2 3% Zn (5,148g/t AgEq)

(2) Vancouver, British Columbia (Newsfile Corp. - February 9, 2021) - Southern Silver Exploration Corp. (TSXV: SSV) (OTCQB: SSVFF) reported today that it has identified Bonanza-grade silver mineralization on a second target within the Mina La Bocona zone at the Cerro Las Minitas project, Durango Mexico. Drilling on the East side of the Cerro tested the down-dip projection of the La Bocona Chimney which was historically mined by artisanal miners to approximately 210 metres depth. Bonanza grade assays from drill hole 20CLM-131 returned: 15.1m down-hole (8.0m est. TT) averaging 1,072g/t Ag, 18.8% Pb and 7.5% Zn (2040g/t AgEq; 51.7% ZnEq) which includes subintervals of 1.1m down hole (0.6m est. TT) grading 3,180g/t Ag, 58.8% Pb and 2.3% Zn and 1.6m down hole interval (0.8m est. TT) grading 2,340g/t Ag, 35.9% Pb and 1.6% Zn;

Southern Silver Exploration Corp : Southern Silver Confirms New Gold Zone at Cerro Las Minitas with a 28 5 Metre Intercept Averaging 1 41g/t Au and 36g/t Ag, (201g/t AgEq)

Southern Silver Exploration Corp.: Southern Silver Confirms New Gold Zone at Cerro Las Minitas with a 28.5 Metre Intercept Averaging 1.41g/t Au and 36g/t Ag, (201g/t AgEq) 51.0 Hole # 20CLM-118 6.6 Analyzed by FA/AA for gold and ICP-AES by ALS Laboratories, North Vancouver, BC. Silver (>100ppm), copper, lead and zinc (>1%) overlimits assayed by ore grade ICP analysis, High silver overlimits (>1500g/t Ag) and gold overlimits (>10g/t Au) re-assayed with FA-Grav. High Pb (>20%) and Zn (>30%) overlimits assayed by titration. AgEq and ZnEq were calculated using average metal prices of: US$20/oz silver, US$1650/oz gold, US$3.25/lbs copper and US$0.9/lbs lead and US$1.15/lbs zinc. AgEq and ZnEq calculations did not account for relative metallurgical recoveries of the metals. Ore-grade composites calculated using a 80g/t AgEq cut-off and

Southern Silver Exploration Corp : Southern Silver Continues to Identify High-grade Mineralization in the South Skarn Target at Cerro Las Minitas with a 10 4 metre intercept averaging 172g/t Ag, 3 8% Pb and 3 7% Zn (520g/t AgEq; 10 7% ZnEq)

Southern Silver Exploration Corp : Southern Silver Continues to Identify High-grade Mineralization in the South Skarn Target at Cerro Las Minitas with a 10 4 metre intercept averaging 172g/t Ag, 3 8% Pb and 3 7% Zn (520g/t AgEq; 10 7% ZnEq)
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