SILVER MINES LIMITED — Board/Management Information 2017

May 14, 2017

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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.silvermines.com.au

15[th] May 2017

Company Announcement Officer ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000

APPOINTMENT OF DIRECTOR

Silver Mines Limited (‘Silver Mines’ or ‘the Company’) is pleased to advise the appointment of Jonathan (Jo) Battershill as a Director of Silver Mines Limited.

Mr Battershill graduated with a Bachelor of Engineering (Geology) degree (Hons) from the Camborne School of Mines, United Kingdom in 1995. His career spans over 20 years in mining, business development and finance both in Australia and internationally. His industry experience includes senior operational and business development roles with WMC Resources Limited as well as significant stockbroking experience at Hartleys, Citigroup and UBS both in Sydney and London. Mr Battershill was consistently voted one of the leading mining analysts in Australia between 2009 and 2015 by institutional investors.

Until recently, Mr Battershill was the Global Mining Strategist (Executive Director) with the UBS investment bank in London and is currently the Principal of JJB Advisory Limited, a private advisory and consulting firm based in the UK.

Mr Battershill joins the Board of Silver Mines as a Non-Executive Director and will commence from 16[th] June 2017.

Company Chairman Mr Keith Perrett is quoted, “The appointment of Jo Battershill to the Silver Mines Limited board is a tremendous addition to the team. Jo’s distinguished background in investment banking and in particular mining investment globally will help secure the Company’s finance objectives in mine development going forward.”

Yours faithfully,

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Trent Franklin Company Secretary

Silver Mines Limited

ABN: 45 107 452 942