Agreement For Sale Of SBMI Silver & Gold Concentrate

BURLINGTON - Silver Bullet Mines Corp. (SBMI) has signed an open purchase agreement for the sale of SBMI's gold and silver concentrate, for the period beginning April 11, 2025 and running to December 31, 2026. The agreement is on standard terms and is non-exclusive. The purchaser is based in the United States of America so the Company does not expect the current tariffs to have a material impact on the purchases.

Negotiations continue with other potential purchasers of SBMI's gold and silver concentrate. SBMI has now been provided with an XRF readout taken by the Buyer on a dore bar made from the Super Champ concentrate as part of its testing. The readout, based on a 20 second analysis period, showed 82.6% silver, 4.1% gold, 3.1% copper, 6.2% tin, and minor amounts of other elements. Importantly, the readout showed extremely minimal deleterious elements in the Super Champ material.

This third party data and SBMI's own work continue to prove up the upper high grade zone at the Super Champ Mine. SBMI is pleased to announce it has assayed very high-grade silver after two dynamite blasts into that wide zone at the Super Champ Mine.

Various grab samples of vein material from the first blast were assayed, with the highest returning 217.6 oz/ton silver. All samples were anomalous for silver. Panned material returned 572 oz/ton silver, and waste rock returned 7.6 oz/ton silver. The Company's assay lab cannot assay for gold or copper so samples from the blast area will be sent to a third party accredited lab for multielement analysis.