SILVER MINES LIMITED — Board/Management Information 2016

Jun 20, 2016

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Level 11, 52 Phillip St Sydney NSW 2000 P: +61 2 8316 3997 F: +61 2 8316 3999 Info@silvermines.com.au www.silverminesltd.com.au

BOARD OF DIRECTORS AND MANAGEMENT CHANGES

Silver Mines Limited (ASX:SVL) (“Silver Mines” or “the Company”) is pleased to advise the following appointments and other changes to the Board of Directors.

Mr Anthony John McClure

Mr McClure graduated with a Bachelor of Science (Geology) degree from Macquarie University in 1986. He has had 30 years technical, management and financial experience in the resource sector worldwide in project management and executive development roles. He has also worked in the financial services sector within the mineral and energy sectors.

Mr McClure is currently a director of listed company Planet Gas Limited (since August 2003) and unlisted public companies Nickel Mines Limited and Mekong Minerals Limited. He is also a past director of Bolnisi Gold NL and European Gas Limited.

Mr McClure joins the Board of Silver Mines as Managing Director.

Mr Peter James Langworthy

Mr Langworthy graduated with a Bachelor of Science (Geology) degree (Hons) from Macquarie University in 1986. His career spans 30 years in mineral exploration and project development both in Australia and internationally. His industry experience includes senior management roles with WMC Resources Limited, PacMin Mining Limited, and Jubilee Mines NL. Mr Langworthy led the management team that was responsible for numerous discoveries that led to the outstanding success of Jubilee Mines.

Mr Langworthy is currently Chairman of Syndicated Metals Limited (since March 2012), and Technical Director at Capricorn Metals Limited (since July 2013.) Mr Langworthy previously held non-executive directorships with Northern Star Resources Limited, Talisman Mining Limited, Falcon Minerals Limited and Pioneer Resources Limited.

Mr Langworthy joins the Board of Silver Mines as a Non-Executive Director.

Mr Keith Gascoyne Perrett

Mr Perrett has had a long involvement in agriculture as a producer and industry leader at local, state, national and international levels. He was formerly Chairman of the Grains Research and Development Corporation (GRDC), the National Rural Advisory Council (NRAC), the Wheat Research Foundation, and President of the Grains Council of Australia. Mr Perrett holds substantial agricultural interests in north-west New South Wales.

Mr Perrett joins the Board of Silver Mines as a Non-Executive Director.

Silver Mines Limited

ABN: 45 107 452 942

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DIRECTOR RESIGNATIONS

Mr Darren Holden, Mr Charles Straw and Mr Saxon Ball have resigned as Directors of Silver Mines. The Company wishes to thank each of the past directors for their considerable contributions to the management and build-up of the Company and their support in the recent transition of the Company.

FURTHER CHANGES

Further changes to the Board of Directors are expected over the coming months and will be advised accordingly.

Yours faithfully

Silver Mines Limited

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Trent Franklin Company Secretary

Released: 21[st] June 2016

Silver Mines Limited ABN: 45 107 452 942

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