GlobeNewswire Inc | Dec 14, 2021 08:07AM EST

December 14, 2021

Englewood Cliffs NJ, Dec. 14, 2021 (GLOBE NEWSWIRE) -- Silo Pharma, Inc. (OTCQB: SILO) a development-stage biopharmaceutical company focused on the use of psychedelics as a therapeutic, announced the engagement of Donohoe Advisory Associates LLC ("Donohoe") for consulting and advisory services in connection with the potential up-listing of Silos common shares on the NASDAQ Stock Market.

Silo Pharma hopes to gain additional exposure and access to a wider base of retail and institutional investors in the United States and abroad by up-listing to NASDAQ. The listing of Silos common shares on NASDAQ is subject to the approval of that exchange and the satisfaction of all applicable listing requirements. There can be no guarantee that the NASDAQ requirements will be met.

Silo Pharmas CEO Eric Weisblum, stated, NASDAQ would provide the Company with a considerably higher profile and the potential for increased liquidity for our shareholders.

About Donohoe Advisory

Founded in 2004 by David A. Donohoe, Jr., former Chief Counsel for the Listing Qualifications Department of The Nasdaq Stock Market, Donohoe Advisory Associates assists companies which seek to go public and get listed as well with structuring financing and acquisition transactions. Since 2004, Donohoe Advisory has advised well over 1,000 companies and law firms in listing related engagements. For more information, please visit: https://www.donohoeadvisory.com/.

About Silo Pharma

Silo Pharma is a developmental stage biopharmaceutical company focused on merging traditional therapeutics with psychedelic research for people suffering from indications such as depression, PTSD, Alzheimers, Parkinsons, and other rare neurological disorders. Silos mission is to identify assets to license and fund the research which we believe will be transformative to the well-being of patients and the health care industry. For more information, visitwww.silopharma.com.

Safe Harbor and Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of words could, believe, anticipate, intend, estimate, expect, may, continue, predict, potential and similar expressions that are intended to identify forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of Silo Pharma, Inc. (Silo or the Company) to differ materially from the results expressed or implied by such statements, including changes to anticipated sources of revenues, future economic and competitive conditions, difficulties in developing the Companys technology platforms, retaining and expanding the Companys customer base, fluctuations in consumer spending on the Companys products and other factors. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company disclaims any obligations to publicly update or release any revisions to the forward-looking information contained in this presentation, whether as a result of new information, future events or otherwise, after the date of this presentation or to reflect the occurrence of unanticipated events except as required by law.

Investor Relations ContactHayden IRBrett Maas646-536-7331Email: brett@haydenir.com