Mr. John Carter reports

SILVER BULLET MINES COMMENCES COMMERCIAL PRODUCTION OF THIRD PARTY MINERALIZED MATERIAL

Silver Bullet Mines Corp. has entered into an agreement to process high-grade mineralized material from a past-producing silver mine proximate to Silver Bullet's Buckeye silver mine in Arizona, on commercial terms. The private property is owned by an arm's-length third party.

Silver Bullet has begun processing the material into saleable product, whether by way of concentrate or dore bar, thereby generating revenue.

Historical reports indicate material from the past-producing silver mine was direct shipped to a smelter and was not milled on site. Silver Bullet's due diligence review of the property has confirmed significant high-grade silver mineralization and has confirmed a high-grade silver vein at surface.

Silver Bullet's due diligence review included a sampling program and test runs of the material at Silver Bullet's 100-per-cent-owned mill and assay facility in Globe, Ariz. From the initial run of approximately 200 pounds of material blended from surface piles, the average head grade was 12.0 ounces per ton silver. Silver Bullet's mill recovered over 90 per cent of the silver and produced a concentrate in excess of 350 ounces per ton silver on the first pass over the table.

Subsequently, a more detailed 500-pound sampling program of the piles yielded significant high-grade assay values as high as 45.4 ounces per ton. Every assay to date has contained silver (see the attached table).

In addition, as part of its due diligence review of the vein material itself, Silver Bullet took six samples from the exposed vein, which samples returned assay results of 10.0, 10.7, 19.5, 22.0, 40.6 and 45.6 ounces per ton silver (Ag), respectively. A video of Silver Bullet working at surface can be found at the company's website.

Management reasonably believes the material has excellent upgrade capability and the mill can process the material without requiring any circuit changes. Being able to process this material is further support for the company's business plan in building a modular mill capable of processing and generating revenue from various regional materials.

Road access is directly off a regional road. Silver Bullet recently began shipping material from the past-producing mine site to the Silver Bullet mill, where it is being processed.

Silver Bullet's intention is to mine, ship and process 50 tons per day. This rate should increase over time. The company plans to immediately produce both dore bars and high-grade concentrate. The silver dore will be sold to Silver Bullet's existing clients to fill existing orders and Silver Bullet is in discussions for the sale of the concentrate.

The mineralized material from the company's Buckeye silver mine will be stored separately at the mill site and will be run separately.

Pursuant to the agreement, Silver Bullet is responsible for all logistics and has decision-making authority over the material.

At the Buckeye silver mine in Arizona, the field team continues to work on the tasks required by Mining Safety and Health Administration. While the required rockbolting continues, the team has upgraded the ventilation, including the installation of a larger fan.

QA/QC (quality assurance/quality control)

The materials described in this news release will be assayed at multiple stages of the process. The assay results will provide input as to any adjustments that may be necessary to improve production efficiencies.

Readers are cautioned that samples are random by nature and may not be representative of the materials as a whole, whether from the surface piles or the historical workings or the vein, and not all assay results will be disclosed.

All samples above were analyzed by Silver Bullet at its facility near Globe, Ariz. They were processed through the lab jaw crusher, lab hammer mill and splitter box into an aliquot. Most of the pulverized aliquot was mixed with a flux-and-flour combination and melted in a crucible at 1,850 F, with the remainder being logged and archived. Upon cooling, the poured melt was in the form of a metal button and slag, following which a bone ash cupel was utilized to eliminate the lead in the button to form a bead. The bead was then weighed, following which a solution of 6:1 distilled water to nitric acid was utilized to dissolve the silver in the bead at approximately 175 F. A much more detailed description of the process and a picture of the assay lab can be found on the company's website.

Robert G. Komarechka, PGeo, an independent consultant, has reviewed and verified Silver Bullet's work referred to herein, and is the qualified person for this news release.

We seek Safe Harbor.