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Press release: Stockholm, March 30, 2022, 17:45 CET

Sotkamo Silver AB announces that the release of the assay results of the surface drilling campaign, and update of the Mineral Resource and Ore Reserve estimates of the Silver Mine will be delayed. The Company indicated earlier that the results and updated estimates would be released in Q1/2022. This is now expected during the Q2/2022.

The delays have been caused by lack and changes of the personnel, workload of the sample handling and assaying, lack of external resources and absences due to Covid-19.

Stockholm, March 30, 2022

Sotkamo Silver AB

Erkki Kuronen, CEO

Contact person

Erkki Kuronen, CEO, tel. +358 50599 3539

This information is information that Sotkamo Silver AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act.The information was submitted for publication, through the agency of the contact persons set out above on March 30, 2022, at 17:45 CET.

The official Stock Exchange Releases are given in Swedish and there may be differences in the translated versions.

About Sotkamo Silver AB

Sotkamo Silver's business concept is to develop mineral deposits with regards to human society and environment. The Company owns the Silver Mine in Sotkamo which started production in March 2019. In addition, the Company holds mining and exploration rights to precious and base metal deposits in Finland.

Sotkamo Silver applies SveMin's & FinnMin's own rules of reporting for public mining & exploration companies. Sotkamo Silver has chosen to publish mineral resources and ore reserves according to the internationally accepted JORC or NI 43-101 code. The company applies International Financial Reporting Standards (IFRS) as approved by the European Union.

The ticker symbol is SOSI on NGM Main Regulated Equity in Stockholm and SOSI1 on Nasdaq Helsinki.

ISIN-code for Sotkamo Silver shares is SE0001057910.

Legal Entity Identifier (LEI): 213800R2TQW1OZGYDX93

Read more about Sotkamo Silver on www.silver.fi

The Company's press releases, and financial reports are distributed via Cision Sverige and are available on www.silver.fi