SILVER VIPER CLOSES LIFETIME OFFER

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VANCOUVER, BC, May 16, 2024 /CNW/ – Silver Viper Minerals Corp. (THE “Business” Or “Silver Viper“) (TSXV: VIPR) (OTC: VIPRF) announces that it has closed the last tranche (the “Final Slice“) of its financing by private placement without intermediary (the “Offer“) under the financing exemption of a listed issuer (the “LIFE“) of Regulation 45-106 – Exemptions from prospectuses (“Regulation 45-106“) announced in April December 4, 2024. The Final Tranche consisted of 2,638,000 units of the Company (the “Units”) issued at a price of $0.10 per unit for total gross proceeds of $263,800. In total, the Company raised $2,376,900 under the Offer, after closing a tranche in April 12, 2024, which raised a total of $2,113,100.

Each unit is made up of a (1) common share of the Company (each, one “Share“) and half of a (1) common stock purchase warrant (each entire warrant, one “To guarantee“). Each warrant will entitle its holder to purchase one additional share (each, one “Warrant Action“) at the price of $0.15 per Share for a period of thirty-six (36) months from its date of issue. The Warrants will be governed by the terms and conditions set forth in the certificates representing the Warrants.

The offering was made pursuant to the listed issuer financing exemption under Part 5A of Regulation 45-106 respecting Prospectus Exemptions. Accordingly, the securities issued in connection with the Offering are not subject to a hold period under applicable Canadian securities laws. There is an offering document (the “ Offer document “) related to the Offering, accessible under the Company’s profile at www.sedarplus.ca and on the Company’s website at: https://silverviperminerals.com. Potential investors should read this offering document before making an investment decision.

The Company intends to use the net proceeds from the offering for resource expansion and exploration drilling at the La Virginia project as well as surface exploration, including mapping and sampling. . The net proceeds of the Offering will also be used for the final settlement US$200,000 option payment on its La Virginia project due in June 2024and for general corporate purposes.

In connection with the closing of the Final Tranche, Silver Viper will pay finders’ fees of $420 to Haywood Securities Inc. In total, the Company will pay $125,406 intermediary fees in the context of the Offer, having previously closed the April 12, 2024which gave rise to the payment of $124,986 in finder’s fees. No insider of the Company participated in the Offer.

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The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Law“), or any state securities laws, and, therefore, may not be offered or sold in United States except in compliance with, or pursuant to exemptions from, the registration requirements of the U.S. Securities Act and applicable state securities requirements. This press release does not constitute an offer or solicitation of an offer of any securities for sale in United Statesand there shall be no sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About the company

Silver Viper Minerals Corp. is a Canada-based junior mineral exploration company focused on precious metals exploration in northwest Mexico. state of Sonora. The Company currently operates the La Virginia Gold-Silver Project. Silver Viper owns 100% of the La Virginia claims acquired from the newest operator, Pan American Silver Corp., and has an option to acquire a 100% interest in the Rubi-Esperanza claim group internal to these claims. concessions. Silver Viper is managed by the Belcarra group, made up of highly qualified mining professionals.

ON BEHALF OF THE BOARD OF DIRECTORS,

Steve Cope
President and CEO, Director

For more information, please contact Silver Viper Minerals Corp. at 604-687-8566, by email at [email protected] or visit our website at www.silverviperminerals.com.

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Forward-looking information

This press release may contain forward-looking statements, including statements regarding the terms of the offering, the closing of the offering and the use of the proceeds of the offering. These statements reflect management’s current estimates, beliefs, intentions and expectations; they do not constitute guarantees of future performance. Forward-looking statements relate to future events and conditions and therefore involve inherent risks and uncertainties. These factors include, among others: risks and uncertainties relating to exploration and development, the Company’s ability to obtain additional financing, the need to comply with environmental and governmental regulations, fluctuations in commodity prices, operational hazards and risks, competition. and other risks and uncertainties, including those described in the Company’s financial statements, MD&A and/or annual information form available at www.sedar.com. The risk factors identified in these documents are not intended to represent a complete list of factors that could affect the Company. Actual results may differ materially from those currently anticipated in these statements and the Company undertakes no obligation to update these statements, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Silver Viper Minerals Corp.

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