Silver Mountain Resources Inc. — Regulatory Filings 2025

Sep 9, 2025

SILVER MOUNTAIN RESOURCES INC.

Qualification Certificate

TO: Ontario Securities Commission, as principal regulator
British Columbia Securities Commission
Alberta Securities Commission
Financial and Consumer Affairs Authority of Saskatchewan
Manitoba Securities Commission
Autorité des marchés financiers
Financial and Consumer Services Commission - New Brunswick
Nova Scotia Securities Commission
Financial and Consumer Services Division - Prince Edward Island
Office of the Superintendent of Securities Services - Newfoundland and Labrador
Office of the Yukon Superintendent of Securities
Office of the Superintendent of Securities - Northwest Territories
Office of the Superintendent of Securities - Nunavut

Re: Preliminary Short Form Base Shelf Prospectus dated September 8, 2025
(the "Preliminary Prospectus")

I, Alvaro Espinoza, the Chief Executive Officer of Silver Mountain Resources Inc. (the "Issuer"), hereby advise that the Issuer is relying on the qualification criteria set forth in section 2.2 of National Instrument 44-101 – Short Form Prospectus Distributions ("NI 44-101") in order to be qualified to file a prospectus in the form of a short form prospectus, and the qualification criteria set forth in section 2.2 of National Instrument 44-102 – Shelf Distributions in order to be qualified to file a short form prospectus in the form of a base shelf prospectus, and certify that:

(a) all of those qualification criteria have been satisfied; and
(b) all of the material incorporated by reference in the Preliminary Prospectus and not previously filed is being filed with the Preliminary Prospectus.

This certificate is given pursuant to the requirement set out in paragraph 4.1(a)(ii) of NI 44-101.

Dated the 9th day of September, 2025.

SILVER MOUNTAIN RESOURCES INC.

By: "Alvaro Espinoza"
Name: Alvaro Espinoza
Title: Chief Executive Officer