Vancouver - Tier One Silver (TSXV: TSLV, OTCQB: TSLVF) ('Tier One' or the 'Company') is pleased to report results from drill holes 7 - 11 at the Curibaya project in southern Peru.

Hole 9 drilled 3 metres (m) of 384.6 g/t silver equivalent (AgEq) in a wider interval of 5.5 m of 221.5 g/t AgEq and was the first hole to target the Tipal structural corridor. This corridor is primarily defined by an airborne magnetics gradient that has a strike length of 2.5 kilometres (km). The Tipal structural corridor represents the fourth corridor with confirmed silver-gold mineralization in the third dimension at Curibaya.

The Company is also pleased to announce the appointment of Christian Rios to SVP of Exploration from his former role as the SVP of Operations in Peru. Mr. Rios is a professional geologist (P.Geo.) who, prior to working with Tier One Silver, was the Vice President of Exploration at Bear Creek Mining where he was directly involved in the discovery of the world-class Santa Ana and Corani silver-lead-zinc deposits in Peru and was on the team that delivered the feasibility study of the Corani deposit. Mr. Rios has a master's degree in Economic Geology and over twenty years of experience in exploration, mining development and operations, specializing in Peru. He is replacing Dave Smithson, who resigned for personal reasons.

A Message from Peter Dembicki, President, CEO & Director: 'We are very pleased to confirm a fourth structural corridor target carrying high-grade silver, both on surface and at depth, through our drill program. We believe the grade and scalability of the Curibaya system to-date are impressive and warrant further drilling. In the meantime, we are looking forward to receiving the remaining five drill hole results.'

'On behalf of everyone in the Company, I would like to thank Dave for his commitment, dedication, and efforts to help bring Curibaya to this stage as a world-class exploration target. We look forward to working with Christian in a new capacity as he has played an integral role within the Company to-date, and his notable exploration experience with silver discoveries in Peru will provide respected knowledge and leadership.'

At the Tipal structural corridor, holes 9 and 10 were drilled 830 m apart, focusing around channel samples of 2 m of 6,278.8 g/t AgEq and 4 m of 282.1 g/t AgEq, respectively. Drill hole 9 intercepted vein arrays within kaolinite and sericite alteration, 50 m below the surface, returning 3 m of 384.6 g/t AgEq from 83 m - 86 m in a broader interval of 5.5 m of 221.5 g/t AgEq from 82 m - 87.5 m. The structure was tested again in hole 10, 830 m to the NE, and returned 1 m of 383.6 g/t AgEq from 96 m - 97 m in a broader interval of 2 m of 224.9 g/t AgEq from 96 m - 98 m, also in vein arrays with kaolinite and sericite alteration.

At the Madre structural corridor, drill holes 7, 8, and 11 targeted a 650 m section of the 1.4-km-long corridor, where channel sampling previously identified high-grade mineralization. Holes 7 and 8 targeted beneath channel samples of 6 m of 398.9 g/t AgEq, 4 m of 189.2 g/t AgEq and 2 m of 1,256 g/t AgEq. Hole 7 returned 1 m of 261.8 g/t AgEq from 115.5 m - 116.5 m in a broader interval of 8 m of 62.2 g/t AgEq from 115.5 m - 123.5 m. The intercept was in vein arrays with quartz-adularia and sericite-kaolinite alteration. Hole 8, located 335 m to the north from hole 7 on the Madre corridor, intercepted multiple parallel banded quartz-adularia vein zones and returned 2.5 m of 195.2 AgEq from 197 m - 199.5 m, 2 m of 104.8 AgEq from 213 m - 215 m in a broader interval of 28 m of 38 g/t AgEq from 209 m - 237 m and 2 m of 160.1 g/t AgEq from 269 m - 271 m. The veins come with adularia, colloform and drusy silica vein textures as well as sericite-kaolinite alteration. Hole 11 was positioned another 300 m to the north from hole 8, targeting the Madre corridor under high-grade rock grab samples, but no significant mineralization was encountered.

Contact:

Natasha Frakes

Tel: (778) 729-0600

Email: info@tieronesilver.com

About Tier One

Tier One Silver is an exploration company focused on creating value for shareholders and stakeholders through the discovery of world-class silver, gold and base metal deposits in Peru. The Company's management and technical teams have a strong track record in raising capital, discovery and monetization of exploration success. The Company's exploration assets in Peru include: Hurricane Silver, Coastal Batholith, Corisur and the flagship project, Curibaya.

Forward Looking Information and General Cautionary Language

This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, 'forward-looking statements') that relate to the Company's current expectations and views of future events, in particular, its plans to further explore certain project areas.. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as 'will likely result', 'are expected to', 'expects', 'will continue', 'is anticipated', 'anticipates', 'believes', 'estimated', 'intends', 'plans', 'forecast', 'projection', 'strategy', 'objective' and 'outlook') are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. Mining is a high-risk business, with several risk factors including, but not limited to, fluctuating mineral prices, project economics, political uncertainty and availability of exploration funding.

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