Mr. Sam Ash reports

BUNKER HILL ANNOUNCES ELECTION TO ISSUE SHARES IN SATISFACTION OF DEBENTURE INTEREST PAYMENT OBLIGATIONS

Bunker Hill Mining Corp. has elected to issue an aggregate of 5,175,000 shares of common stock of the company to certain holders of 7.5 per cent convertible debentures (Series 1 convertible debentures) and 10.5 per cent convertible debentures (Series 2 convertible debentures) in full satisfaction of the interest payable thereunder as of Sept. 30, 2023, in the aggregate amount of $517,500 (U.S.). The convertible debentures mature on March 31, 2026.

In accordance with the terms of the Convertible Debentures, the Company will issue the Interest Shares at a deemed price of USD$0.10 per Interest Share based on 90% of the 10-day volume weighted average trading price of the Company's shares on the TSX Venture Exchange (the "TSX-V") between September 11, 2023 to September 22, 2023. The issuance of the Interest Shares remains subject to the final approval of the TSX-V and a four-month and one-day hold period in accordance with applicable Canadian securities laws.

Additional details regarding the Convertible Debentures can be found in the Company's news releases dated December 20, 2021, January 31, 2022, June 20, 2022, and June 26, 2023, all of which are available under the Company's profile on SEDAR+ at www.sedarplus.ca.

ABOUT BUNKER HILL MINING CORP.

Under new Idaho-based leadership, Bunker Hill intends to sustainably restart and develop the Bunker Hill Mine as the first step in consolidating and then optimizing a number of mining assets into a high-value portfolio of operations, centered initially in North America. Information about the Company is available on its website, www.bunkerhillmining.com, or within the SEDAR+ and EDGAR databases.

We seek Safe Harbor.