News Release

SILVERFISH ANNOUNCES $450,000 PRIVATE PLACEMENT

VANCOUVER, BRITISH COLUMBIA, Jan. 18, 2024 (GLOBE NEWSWIRE) -- SILVERFISH RESOURCES INC. (the “Company” or "Silverfish") (CSE: “SF”) is pleased to announce a non-brokered private placement of up to 3,000,000 units in the capital of the Company (each, a “Unit”) at a price of $0.15 per Unit for aggregate gross proceeds of up to $450,000 (the “Offering”).

Each Unit purchased will include one common share and one-half of one transferable common share purchase warrant. Each whole Warrant (a “Warrant”) will entitle the holder to purchase one additional common share for a period of two (2) years at a price of CAD $0.30 per common share.

The Company intends to use the proceeds raised from the Offering for working capital purposes. The Company may pay finder’s fees in accordance with the policies of the Canadian Securities Exchange.

The Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the Canadian Securities Exchange. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities legislation.

The securities issued pursuant to the Offering have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

About Silverfish

The Company is engaged in acquisition, exploration and development of mineral property assets in Canada. The Company’s objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Old Timer Property. The Old Timer Property is located 17 km southeast of Nelson, in the Nelson Mining Division of southern British Columbia.

For more information, please refer to SEDAR+ at www.sedarplus.ca under the Company’s profile.

ON BEHALF OF THE BOARD OF DIRECTORS

“Joseph Cullen”
Joseph Cullen,
President, Chief Executive Officer and Director

For further information, please contact:

Mr. Joseph Cullen
Phone: 778-919-8615
Email: jpacullen@gmail.com
 Website: www.silverfishresources.com

THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED
OF THE CONTENT OF THIS PRESS RELEASE

Cautionary Note About Forward-Looking Statements 

Certain of the information contained in this news release may constitute ‘forward-looking statements' within the meaning of applicable securities laws. Such forward-looking statements, including but not limited to statements relating to the Acquisition involve risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements. Although the Company and the Seller have each attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Neither the Company nor the Seller undertakes to update any forward-looking statements, except in accordance with applicable securities laws.