Southern Silver Reports on Recent Property and Corporate Matters

Southern 17032021

Southern Silver Exploration Corp. (“Southern Silver” and the “Company”) reports:

PROPERTY MATTERS: Cerro Las Minitas Project, Durango Mexico- increase of drill program

The Company is doubling the size of the current drilling program on the Cerro Las Minitas Ag-Pb-Zn project from an initial 10,000 metre program to a 20,000 metre program. Drilling will continue with two drills targeting the east side of the Cerro where to date three near-surface sulphide lenses with Bonanza-grades of silver have been identified. Shallow oxide Au-Ag mineralization has also been confirmed in the Mina La Bocona area. Mineralization in all of these new target areas is separate from the existing mineral resources. The current program has completed 28 core holes totaling 12,040 metres since restarting drilling in September 2020. Assay results from 11 drill holes are pending and are anticipated over the coming weeks.

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