Silver Dollar Resources Inc. announce it has entered into a formal surface rights agreement with the local Ejido Peña, who collectively own the land covering the area of the high-grade Nora silver-gold property in the state of Durango, Mexico. The agreement allows for surface exploration and drilling on the Property. Silver Dollar can acquire a 100% interest in the Nora property under the option agreement with Canasil Resources Inc. Located in the Eastern Sierra Madre sub-province in the transition to the high plateau of Mexico, the Property lies centrally within the "Silver Trend" that runs from the northwest to the southeast through Durango State.

Significant deposits in the region include Endeavour Silver's Guanaceví mine and Fresnillo's San Julián mine on-trend to the northwest, with Endeavour Silver's Pitarrilla Project approximately 50 kilometres (km) to the east. Pitarrilla is one of the largest undeveloped silver deposits in the world and was discovered by Perry Durning and Frank (Bud) Hillemeyer, Silver Dollar's technical advisors. The geological setting is a Tertiary-aged volcanic flow-dome complex.

Gold-silver mineralization is hosted within two structurally-controlled epithermal veins, Candy and Nora. Drilling by Canasil in 2020 and 2021 was the first on the Property, with 3,296 metres drilled over 13 holes to test the Candy vein structure. All 13 drill holes cut the mineralized vein structure, returning wider high- grade gold and silver intercepts within the central 200-metre zone tested.

Only 500 m of the potential 3-km strike of the Candy vein structure has been drill tested, and only to a depth of 250 m below surface. The consistently high gold and silver grades and relatively low base metal values, confirm the upper levels of a robust gold-silver mineralized system within the Candy structure, which is open for significant expansion along strike and to depth where grade and thickness appear to be increasing.