SILVER WOLF CLOSES OVERSUBSCRIBED NON-BROKERED PRIVATE PLACEMENT RAISING JUST OVER $600,000

Silver Wolf Exploration Ltd. (TSX-V: SWLF)(OTCQB: SWLFF) (“Silver Wolf” or the “Company”) is pleased to
announce that further to the Company’s press release dated May 24, 2022, the Company has closed its best efforts non-brokered private placement (the “Private Placement”). The Private Placement financing consists of 4,014,400 “Units” at an offering price of $0.15 per share for aggregate gross proceeds of $602,160. Each Unit will be comprised of one (1) common share of the Company and one (1) non-transferable common share purchase warrant “Warrant”. Each Warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of $0.25 at any time up to 18 months following the date of issuance.

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