News Release

SILVERFISH AMENDS OPTION AGREEMENTS

Silverfish Resources Inc. has entered into the following amendments to its option agreements.

Eastmain property

The company entered into an amendment agreement dated Dec. 11, 2023, to the option agreement dated Oct. 8, 2020, as amended, whereby the company may acquire a 100-per-cent interest in and to the Eastmain property, located in Quebec.

Under the terms of the amendment, the due date on the exploration expenditures on the Eastmain property due on Dec. 30, 2023, and June 30, 2024, shall each be extended one year. The company's exploration expenditure obligations on the Eastmain property are as follows:

• $75,000 by Dec. 30, 2024;
• A further $150,000 by June 30, 2025.

In addition, the $20,000 payment due by Dec. 30, 2023, shall be payable in common shares of the company at a deemed price of 16 cents per share in lieu of cash.

In consideration of the amendment, the company shall issue an additional 125,000 shares within five business days of signing the amendment agreement.

Old Timer property

The company entered into an amendment agreement dated Dec. 11, 2023, to the option agreement dated Dec. 16, 2021, as amended, whereby the company may acquire a 75-per-cent interest in and to the Old Timer property, located in eastern British Columbia.

Under the terms of the amendment, the due date on the exploration expenditures on the Old Timer property due on Sept. 30, 2023, Sept. 30, 2024, and Sept. 30, 2025, shall each be extended one additional one year. The company's exploration expenditure obligations on the Old Timer property are as follows:

• $100,000 by Sept. 30, 2024;
• A further $250,000 by Sept. 30, 2025;
• A further $1-million by Sept. 30, 2026.

In addition, the due date on the second cash payment of $50,000 and issuance of one million shares has been extended one additional year from Dec. 15, 2023, to Dec. 15, 2024. In consideration of the amendment, the company shall issue an additional 100,000 shares within five business days of signing the amendment agreement.

The share issuances under both amendments remain subject to the approval of the Canadian Securities Exchange. The shares will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.

About Silverfish Resources Inc.

The company is engaged in acquisition, exploration and development of mineral property assets in Canada. The company's objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Old Timer property. The Old Timer property is located 17 kilometres southeast of Nelson in the Nelson mining division of Southern British Columbia.