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To: Goose94 who wrote (84776)5/14/2020 6:50:00 PM
From: Goose94Read Replies (1) | Respond to of 202925
 
Summa Silver (SSVR-Cse) closed at it's new 52 week high, 37 cents



To: Goose94 who wrote (84776)5/19/2020 7:26:46 AM
From: Goose94Read Replies (2) | Respond to of 202925
 
Summa Silver (SSVR-Cse) Upsize 3.0 to Previously Announced PP to $5 Million and Welcomes Mr. Eric Sprott as Investor

May 19, '20

Summa Silver is pleased to announce that it is increasing the size of the previously announced non-brokered private placement offering to up to 20,000,000 shares at a price of $0.25 for gross proceeds of up to $5,000,000 (the "Offering"). Participation in the Offering is now expected to include Mr. Eric Sprott, through 21764223 Ontario Ltd, a corporation beneficially owned by him.

Galen McNamara, CEO of the Company, stated: "Welcoming Mr. Eric Sprott as an investor in Summa Silver represents a major endorsement of the Company. We are now in a strong financial position to execute an aggressive exploration campaign in 2020."

The financing is subject to regulatory approval and all securities to be issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws. The Company may pay finder's fees commensurate with regulatory policies on a portion of the private placement of up to 7% in cash and 7% in finder's warrants exercisable for one common share at a strike price of $0.25 for one year. Eventus Capital Corp. has been appointed as a finder in connection with the Offering.

Proceeds from the financing will be used for exploration, corporate development, and general working capital purposes.

About Summa Silver Corp
Summa Silver Corp is a Canadian junior mineral exploration company. The Company's assets consist of the Hughes property located in central Nevada, and the Donna property located in central British Columbia. Both projects are prospective for precious metal mineralization.

ON BEHALF OF THE BOARD OF DIRECTORS
"Galen McNamara"
Galen McNamara, Chief Executive Officer

summasilver.com