Ms. Cherie Leeden reports

GOLD BULL GRANTS STOCK OPTIONS

Gold Bull Resources Corp.'s board of directors has approved the issuance of 760,000 incentive options to company management, officers, directors and consultants. The options have an exercise price of 51 cents and a term of five years, and will vest immediately. The options were granted pursuant to the company's incentive stock option plan and are subject to regulatory approval.

About Sandman

In December, 2020, Gold Bull purchased the Sandman project from Newmont. Gold mineralization was first discovered at Sandman in 1987 by Kennecott, and the project has been intermittently explored since then. There are four known pit-constrained gold resources located within the Sandman project, consisting of 21.8 million tonnes of 0.7 gram per tonne gold for 494,000 ounces of gold, comprising an indicated resource of 18.55 million tonnes of 0.73 g/t gold for 433,000 ounces of gold plus an inferred resource of 3,246,000 tonnes of 0.58 g/t gold for 61,000 ounces of gold. Several of the resources remain open in multiple directions, and the bulk of the historical drilling has been conducted to a depth of less than 100 m. Sandman is conveniently located circa 30 kilometres northwest of the mining town of Winnemucca, Nev.

About Gold Bull Resources Corp.

Gold Bull's mission is to grow into a United States-focused mid-tier gold development company through rapidly discovering and acquiring additional ounces. The company's exploration hub is based in Nevada, United States, a top-tier mineral district that contains significant historical production, existing mining infrastructure and an established mining culture. Gold Bull is led by a board and management team with a record of exploration and acquisition success.

Gold Bull's core asset is the Sandman project, located in Nevada, which has a 494,000-ounce-gold resource as per a 2021 National Instrument 43-101 resource estimate. Sandman is located 23 kilometres south of the Sleeper mine and boasts excellent large-scale exploration potential.

Gold Bull is driven by its core values and purpose, which include a commitment to safety, communication and transparency, environmental responsibility, community, and integrity.

Qualified person

Cherie Leeden, BSc, applied geology (honours), MAIG, a qualified person as defined by National Instrument 43-101, has read and approved all technical and scientific information contained in this news release. Ms. Leeden is the company's chief executive officer.

We seek Safe Harbor.