Olympic Domain Project Update with BHP

Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to announce that, due to strong investor demand, it has entered into an amendment agreement with Research Capital Corporation, as lead agent and sole bookrunner, on behalf of a syndicate of agents including Eventus Capital Corp. and Haywood Securities Inc. (collectively, the "Agents") to increase the size of its previously announced brokered private placement offering to up to 28,572,000 units (each, a "Unit") at a price of $0.70 per Unit, for aggregate gross proceeds of up to $20,000,400 (the "Offering").

Each Unit will be comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant shall be exercisable to acquire one Common Share at a price of $1.00 per Common Share for a period of 36 months from the closing of the Offering.

Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to announce that it has entered into an agreement with Research Capital Corporation, to act as lead agent and sole bookrunner, on behalf of a syndicate of agents including Eventus Capital Corp. and Haywood Securities Inc., in connection with a brokered private placement (the "Offering") of up to 20,000,000 units (each, a "Unit") at a price of $0.70 per Unit, for aggregate gross proceeds of up to $14,000,000.

Each Unit will be comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant shall be exercisable to acquire one Common Share at a price of $1.00 per Common Share for a period of 36 months from the closing of the Offering.