Vancouver, British Columbia–(Newsfile Corp. – September 27, 2016) – Silver One Resources Inc. (TSXV: SVE) (FSE: BRK1) (OTC: SLVRF) (“Silver One” or the “Company”) is pleased to announce that it has closed its acquisition of a subsidiary of First Mining Finance Corp. (“First Mining”), which owns three Mexican silver projects (the “Transaction”). The three Mexican properties are: La Frazada in the State of Nayarit, Mexico, Peñasco Quemado in the State of Sonora, Mexico, and Pluton in the State of Durango, Mexico. La Frazada and Peñasco Quemado have historical resource estimates. Pluton hosts significant exploration potential.