Mr. John Carter reports

SILVER BULLET PROVIDES FURTHER DETAILS ON SECOND TRANCHE OF FINANCING

On Jan. 4, 2024, Silver Bullet Mines Corp. announced the closing of the first tranche of its previously announced financing. On Jan. 9, 2024, Silver Bullet Mines announced closing the second tranche of the financing. The company is providing greater details on this second tranche and correcting inadvertent amounts.

The second tranche of the financing consisted of $98,285 by way of units priced at 12 cents per unit, resulting in the issuance of 819,042 units. Each unit consisted of one common share and a full warrant exercisable into one common share at 17 cents for a term of two years. There is no acceleration clause on these 17-cent warrants. One insider participated in the financing. Finders' fees paid to arm's-length parties were $2,604 in cash and 21,700 broker warrants, with those warrants having an exercise price of 17 cents and a term of 24 months.

The participation of one insider constitutes a related party transaction for the purposes of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying upon exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 in completing the offering with the insider on the basis that the fair market value of such participation is less than 25 per cent of Silver Bullet Mines' current market capitalization.

We seek Safe Harbor.