Start Of Initial 8,000 Meter Drill Program On Sierra Mojada Project

VANCOUVER, BC - Silver Bull Resources, Inc. has received the appropriate drill permits from the Mexican Government, and has commenced an initial 8,000 meter surface drill program targeting a series of the sulphide extensions at depth to the main deposit, as well as a series of never before tested targets within the wider area.

For the drilling, the company is using Major Drilling De Mexico S.A de C.V to initially target four historic mining areas within the property, three of which have never been drilled. The drill program is conducted under the Joint Venture Option with South32.

Silver Bull signed an agreement with South32 whereby Silver Bull has granted South32 an option to form a 70/30 joint venture with respect to the Sierra Mojada Project. To maintain the option in good standing, South32 must contribute minimum exploration funding of US$10 million ("Initial Funding") during a 4 year option period with minimum aggregate exploration funding of US$3 million, US$6 million and US$8 million to be made by the end of years 1, 2 and 3 of the option period respectively. South32 may exercise its option to subscribe for 70% of the shares of Minera Metalin S.A. De C.V. (Metalin), the wholly owned subsidiary of Silver Bull which holds the claims in respect of the Sierra Mojada Project, by contributing US$100 million to Metalin for Project funding, less the amount of the Initial Funding contributed by South32 during the option period.

About Silver Bull: Silver Bull is a well-financed mineral exploration company whose shares are listed on the Toronto Stock Exchange and trade on the OTCQB in the United States, and is based out of Vancouver, Canada. The Sierra Mojada Project is located 150 kilometers north of the city of Torreon in Coahuila, Mexico, and is highly prospective for silver and zinc.

The company’s address is Suite 1610, 777 Dunsmuir Street, Vancouver, BC V7Y 1K4, (604) 687-5800, www.silverbullresources.com.