Ann: Appendix 2A, page-2

Exercising 10,461,263 SVLOB now, with over a year before expiry date! …. and not to ‘KMP’ (Key Management Personnel).

So these options were exercised by a non-board / company associated entity…. WOW!..... WTF!.... now that is seriously ballsy and demonstrates 110% confidence in the future of SVL as a legit silver producer of the future!................ also shows they had an idle $627,675.78 to fund the ‘exorcism’ (lol)!!!!.............. that puts the new SVL holder in the ranks of Sprott or a managed fund……………… I would assume.

The big puzzle for me is this………….. they quote 118,819,846 SVLOB being issued……………

…………. and yet only 60,141,774 were initially issued.


Where did the additional 58,678,072 SVLOB come from?