SILVER LAKE RESOURCES LTD – ANNOUNCEMENT OF BUYBACK OF SHARES ON THE MARKET

Silver Lake Resources Limited (“Silver Lake” or the “Company”) is pleased to announce that the Board of Directors has approved a market buyback of up to 10% of Silver Lake common stock within the next 12 months .

Silver Lake’s strong, organically generated balance sheet and expected free cash flow generation provide flexibility to consider value-added capital management initiatives

Under Silver Lake’s capital allocation framework, the Company considers capital management and the use of excess capital after allocating and setting aside funds to: 1. Support operations through the price cycle of the 2. Internally finance project and exploration investments to maximize the value of its existing assets. operations, projects and buildings.

Silver Lake believes that implementing a market buyout is the most effective of the capital management options available to meet the requirements of its capital management framework. The buy-to-market structure allows Silver Lake to take advantage of share price volatility through opportunistic stock purchases during periods when the stock price does not reflect strong generation cash flow and strong business prospects.

The market buyback program does not require shareholder approval and will be executed at Silver Lake’s discretion, through market purchases which will occur from time to time throughout the approved period.

Contact:

Luc Tonkin

Tel: +61 8 6313 3800

Email: contact@silverlakeresources.com.au