November 5, 2021 – Vancouver, BC – Outcrop Silver & Gold Corporation (TSXV:OCG, OTCQX:OCGSF, DE:MRG1) is pleased to announce the engagement of Pretium Capital Group (“Pretium”) to provide media and investor relations services to Outcrop. Pretium has been retained on a six-month contract basis to advise and assist Outcrop on its public communications and support corporate development initiatives.

Pretium principal, Mr. Sherman Dahl, has a proven record of being able to increase investor awareness and liquidity. Mr. Dahl was previously a Vice President and Investment Adviser with National Bank Financial, a leading Canadian investment dealer. In addition to managing a $150 million retail book and achieving Chairman’s Council level, Mr. Dahl participated in numerous capital raises totaling over $100 million directly for various issuers with total issuer financings of over $1 billion on behalf of retail and institutional clients over a 20-year career.

Pretium shall receive monthly remuneration of C$2,500 per month for 6 months and Outcrop has, subject to regulatory approval, granted to Pretium stock options to purchase 100,000 common shares at an exercise price of $0.20 per share for a period of one year (the “Options”). The Options will vest as to 25% at the end of each three-month period from the date hereof. Pretium and Mr. Dahl currently own 750,000 shares of Outcrop as of the date hereof and may purchase additional securities from time to time for investment purposes. Pretium and Mr. Dahl have no other relationship with Outcrop other than as set out in the engagement letter.

About Outcrop

Outcrop is rapidly advancing exploration on five silver and gold exploration projects with world-class discovery potential in Colombia. Outcrop is currently drilling and expanding the Santa Ana historic high-grade silver district. These assets are being advanced by a highly disciplined and seasoned professional team with decades of experience in Colombia.

ON BEHALF OF THE BOARD OF DIRECTORS

Joseph P Hebert, Chief Executive Officer                                               Mars Investor Relations
+1 775 340 0450                                                                                                 +1 647 557 6640
moc.dlogdnarevlisporctuo@trebeh.hpesoj                                            moc.snoitalerrotsevnisram@gco
www.outcropsilverandgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “potential”, “we believe”, or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Outcrop to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary regulatory approvals, capital expenditures and other costs, financing and additional capital requirements, completion of due diligence, general economic, market and business conditions, new legislation, uncertainties resulting from potential delays or changes in plans, political uncertainties, and the state of the securities markets generally. Although management of Outcrop have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, 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 and forward-looking information. Outcrop will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.