SILVER VIPER ANNOUNCES C$5 MILLION PRIVATE PLACEMENT

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VANCOUVER, BRITISH COLUMBIA, May 13, 2020 – Silver Viper Minerals Corp. (“Silver Viper” or the“Company”) (TSX-V: VIPR)is pleased to announce that it has entered into a letter of engagement with Eight Capital, under which Eight Capital and Red Cloud Securities Inc., as co-lead agents and joint bookrunners, acting on behalf of a syndicate of agents for the Company (the “Agents”), shall offer for sale up to 13,889,000 units of the Company (the “Units”) on a “best efforts” private placement basis, subject to all required regulatory approvals, at a price per Unit of C$0.36 (the “Issue Price”) for total gross proceeds of up to C$5,000,040 (the “Offering”).

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