Two New Drill Targets Defined At Sandman Project

VANCOUVER - Gold Bull Resources Corp. reported on the ongoing exploration targeting field work completed at its Sandman project, located in Nevada. A new drill target has been identified via a surface lag sampling geochemical anomaly, located south of the Abel Knoll diatreme breccia where the Sandman North-West and North Trends intersect, at a new prospect referred to as "Abel Knoll - South". The drill target is located 120m south of the Abel Knoll diatreme breccia deposit and coincides with a geophysical anomaly. The target has never been drilled.

At the K8 prospect, surface rock chip sampling returned encouraging results of high-grade gold (Au) and silver (Ag) with grades up to 1.11g/t Au and 210g/t Ag (sample 6R) and a cluster of anomalous surface rock chip samples spaced 150m apart. In this area there are sparce historical soil samples and drill holes which require further assessment at K8 to determine if the sampling is adequate given the high amount of unconsolidated sand at surface and compelling new data.

CEO, Cherie Leeden, said, "While the capital markets remain difficult, our geology team is working on defining new drill targets at Sandman, to be tested when the capital markets improve. This is being achieved via a combination of boots on ground field work combined with reviewing the extensive historical data base that we acquired with Sandman (valued at circa US$30 million if we were to re-do the work at the current costs).

At the newly identified Abel Knoll South prospect the coincident lag geochemical anomaly with the geophysical anomaly gives us confidence in needing to drill test this new target. Given Sandman's Mineral Resources were not closed off when Gold Bull conducted its Preliminary Economic Study (PEA), the possibility of a further mineralized diatreme breccias located around the Abel Knoll resource is an exciting possibility, especially with nearby historical holes logged as containing portions of breccia.

At the K8 prospect, rock chip samples have returned high very high silver results of up to 210g/t Ag with high gold grades of up to 1.11g/t gold from surface rock chip sampling of a granodiorite! Further evaluation work of historical soil and auger work is required to define drill targets at this compelling North-West Trend location.

In parallel to our exploration targeting work, we are extensively evaluating inbound M&A interest."