SILVER MINES LIMITED — Board/Management Information 2016

Feb 18, 2016

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Silver Mines Limited ABN: 45 107 452 942 10[th ] Floor, 2 Bligh Street, Sydney NSW 2000 P: +61 2 8188 2557 F: +61 2 9235 2203

To: Australian Securities Exchange Limited (ASX) From: Silver Mines Limited (ASX: SVL) Date: 19[th] February, 2016 Subject: Resignation of Non-Executive Director

Resignation of Non-Executive Director

Silver Mines Limited wishes to advise that Mr. James Naughton has resigned as a NonExecutive Director with effect from Friday, 19[th] February 2016 to pursue other business interests.

The Company wishes to thank James for his contributions over the last 18 months in preparing and positioning Silver Mines Limited to undertake the next significant stage of growth.

Additionally as a significant shareholder of the Company we look forward to working with James in that capacity. The Company wishes him the best in his future endeavours.

BY ORDER OF THE BOARD SILVER MINES LIMITED