Southern Silver Exploration Corp. — AGM Information 2020

Aug 11, 2020

SOUTHERN SILVER EXPLORATION CORP. Suite 1100 – 1199 West Hastings Street Vancouver, British Columbia V6E 3T5 Telephone: (604) 684-9384

NOTICE OF ANNUAL GENERAL MEETING

TAKE NOTICE that the Annual General Meeting of SOUTHERN SILVER EXPLORATION CORP. (hereinafter called the "Company") will be held at Suite 1100 – 1199 West Hastings Street, Vancouver, British Columbia on:

Friday, September 4, 2020

at the hour of 10:00 o’clock in the morning (Pacific Time) for the following purposes:

1. to receive the financial statements of the Company for the fiscal year ended April 30, 2020 and the report of the auditor thereon;

2. to appoint an auditor for the ensuing year;

3. to determine the number of directors and to elect directors;

4. to pass an ordinary resolution approving the Company’s Stock Option Plan described in the Information Circular;

5. to pass an ordinary resolution approving the proposed Shareholder Rights Plan described in the Information Circular;

6. to approve the purchase of Electrum Global Holdings L.P.’s 60% ownership interest in Southern Silver Holdings Limited and indirect 60% interest in the Cerro Las Minitas Property as more particularly described in the Information Circular; and

7. to transact any other business that may properly come before the Meeting and any adjournment thereof.

An Information Circular and a form of Proxy accompany this Notice. The Information Circular provides additional information relating to the matters to be dealt with at the Meeting and forms part of this Notice.

Registered shareholders are entitled to vote at the Meeting in person or by proxy. Registered shareholders who will not be attending the Meeting, or any adjournment thereof, in person, are requested to read, complete, sign and return the form of Proxy accompanying this Notice in accordance with the instructions set out in the form of Proxy and in the Information Circular accompanying this Notice. Unregistered shareholders who received the form of Proxy accompanying this Notice through an intermediary must deliver the Proxy in accordance with the instructions given by such intermediary.

DUE TO ONGOING CONCERNS RELATED TO THE SPREAD OF COVID-19, AND IN ORDER TO MITIGATE POTENTIAL RISKS TO THE HEALTH AND SAFETY OF THE COMPANY’S SHAREHOLDERS, EMPLOYEES, COMMUNITIES AND OTHER STAKEHOLDERS, SHAREHOLDERS ARE ENCOURAGED NOT TO ATTEND THE MEETING IN PERSON. SHAREHOLDERS ARE STRONGLY ENCOURAGED TO VOTE ON THE MATTERS BEFORE THE MEETING BY PROXY AND TO JOIN THE MEETING BY TELECONFERENCE.

TO ACCESS THE MEETING BY TELECONFERENCE, DIAL (844) 511-2074, ACCESS CODE: 192-697-296.

DATED at Vancouver, British Columbia, this 31st day of July, 2020.

BY ORDER OF THE BOARD OF DIRECTORS

OF SOUTHERN SILVER EXPLORATION CORP.

“Lawrence Page, Q.C.”

Lawrence Page, Q.C. President