May 31, 2022 – Outcrop Silver & Gold Corporation (TSXV:OCG, OTCQX:OCGSF, DE:MRG1) (“Outcrop”) is pleased to announce the appointment of Guillermo Hernández to the position of Vice President of Exploration.

Mr. Hernández is an accomplished economic geologist with over fifteen years experience in exploration, mining and resource estimation. He previously held positions at corporate and operational levels with Lundin Gold, Altaley Mining, and Gold Resource, managing large multidisciplinary teams throughout Mexico, Central and South America, and Japan. He has participated in the discovery and development of various types of mineral deposits including epithermal gold-silver systems, gold-silver and base-metal skarns, and VMS deposits. Many of his discoveries are currently mining operations.

His most recent employment was with Lundin Gold at the Fruta Del Norte Project in Ecuador where he directed the geology staff, in-fill and exploration drilling, geostatistics and block modeling, and production reconciliation to reserve estimations.

While working for Gold Resource from 2012 to 2017, Guillermo took the lead role in discovering the large Switchback epithermal system and putting the El Aguila and Altagracia underground mines in production in Oaxaca, Mexico.

Mr. Hernández holds a BS degree with honors in Geological Engineering, and a Masters in Geochemistry, from the Universidad Nacional Autonoma de Mexico, Mexico City. He is currently an active member of the Society of Economic Geologists, the Geological Society of America, and the Mineralogical Society of America. He has published several peer-reviewed papers and memorandums.

“Outcrop is very excited to bring Mr. Hernández as Vice President of Exploration.” comments Joseph Hebert, Chief Executive Officer, “Guillermo is a proven ore-finder, with extensive experience and knowledge of epithermal systems. He will take the lead on internal geologic and grade modeling prior to Outcrop producing an independent compliant resource by the end of 2022 and in defining additional high-grade shoots on our Santa Ana discovery. He will lead our Colombian team on to more successes.”

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

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