Vancouver, British Columbia--(Newsfile Corp. - March 18, 2024) - Summa Silver Corp. (TSXV: SSVR) (OTCQX: SSVRF) (FSE: 48X) ("Summa" or the "Company") is pleased to announce, further to the Company's news release dated March 23, 2022 and March 16, 2023 and subject to final approval from the TSX Venture Exchange (the "TSXV"), the Company will issue an aggregate of 105,991 common shares pursuant to two previously entered into amended and restated mining lease agreements (collectively, the "Amended Lease Agreements"). The common shares are being issued at a deemed value of $0.3448 per common share, being the 20-day volume weighted average price of the Company's common shares as traded on the TSXV. Such payments represent the third of ten annual payments due pursuant to the Amended Lease Agreements. The Amended Lease Agreements relate to mining claims which form part of the Mogollon project near Silver City, New Mexico.

1.4 km step-out hole on Queen Vein intersected 393 g/t Silver Equivalent* over 7.4 m