Silver North Announces Closing of $2.25 Million Flow Through Share Private Placement

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Vancouver, BC, December 19, 2025– TheNewswire - Silver North Resources Ltd. (TSX-V: SNAG,OTCQB: TARSF) “Silver North” orthe “Company”) is pleased to announce that the non-brokered privateplacement (the “Offering”) for aggregate gross proceeds of $2,250,500 from the sale of 6.43 million flow-through shares of theCompany (the “FTShares”) sold at a price of $0.35 per FT Sharewas closed today. Each FT Share is comprised of one common share thatwill qualify as a “flow-through share” within the meaning ofsubsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”).

Jason Weber, President and CEO, noted that “Thisfinancing will give us the ability to get an early start to the 2026drilling program at our flagship Haldane Property, as well as toconduct a follow-up program at the Veronica silver property. Our workthis winter will be focused on incorporating the 2025 data,interpreting it and targeting next year’s drilling. We can now planon starting as early as conditions will allow this spring andmaximizing the field season in 2026. Detailed plans for 2026 will beannounced once we have received and interpreted all of the 2025results.”

The Company will use an amount equal to the grossproceeds from the sale of FT Shares, pursuant to the provisions in theTax Act, to incur eligible “Canadian exploration expenses” thatqualify as “flow-through mining expenditures” as both terms aredefined in the Tax Act (the “Qualifying Expenditures”) related to theCompany's Yukon projects, on or before December 31, 2026, and torenounce all of the Qualifying Expenditures in favour of thesubscribers of the FT Shares effective December 31, 2025.

The Company paid finders’ fees comprised of $144,931and 414,090 non-transferable warrants in connection with the Offering.The finder’s warrants are valid for 24 months at the Offering price.All securities are subject to a four-month holdfrom the date of closing. Red Cloud SecuritiesInc. was the lead finder in connection with the Offering.

One director of the Company purchased 43,428 FT Sharesunder the private placement. The placement to this person constitutesa “related party transaction” within the meaning of TSX VentureExchange Policy 5.9 and Multilateral Instrument 61-101 -Protection ofMinority Security Holders in Special Transactions (“MI 61-101”)adopted in the Policy. The Company has relied on exemptions from theformal valuation and minority shareholder approval requirements of MI61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 inrespect of related party participation in the placement as neither thefair market value (as determined under MI 61-101) of the subjectmatter of, nor the fair market value of the consideration for, thetransaction, insofar as it involved the related parties, exceeded 25%of the Company's market capitalization (as determined under MI61-101).

The securities described herein have not been, and willnot be, registered under the U.S. Securities Act, as amended, or anystate securities laws, and accordingly, may not be offered or soldwithin the United States or the US persons except in compliance withthe registration requirements of the U.S. Securities Act andapplicable state securities requirements or pursuant to exemptionstherefrom. This press release does not constitute an offer to sell ora solicitation to buy any securities in any jurisdiction.

About Silver North Resources Ltd.

Silver North’s primary assets are its 100% owned Haldane Silver Project (next to Hecla MiningInc.’s Keno Hill Mine project), the Tim Silver Project (under optionto Coeur Mining, Inc. in the Silvertip/Midway District, BC and Yukon)and the GDR project also in the Silvertip/Midway district.Silver North also plans to acquire additional silver properties in favourablejurisdictions.

The Company is listedon the TSX Venture Exchange under the symbol“SNAG”, trades on theOTCQB market inthe United States under the symbol “TARSF”, and under the symbol “I90” on the Frankfurt Stock Exchange.

Mr. Jason Weber, P.Geo., President and CEO of SilverNorth Resources Ltd. is a Qualified Person as defined by National Instrument 43-101. Mr. Weber supervised the preparation of the technical information contained in this release.

Forfurther information,contact:

Jason Weber, Presidentand CEO

Sandrine Lam, Shareholder Communications

Tel: (604) 807-7217

Fax: (888) 889-4874

To learn more visit: www.silvernorthres.com

X: https://X.com/SilverNorthRes

LinkedIn:

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM ISDEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTSRESPONSIBILITY FORTHE ADEQUACY OR ACCURACY OF THIS RELEASE. STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS ANDOBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKINGSTATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUSASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIESINHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUALRESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.

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