Mr. John Carter reports

SILVER BULLET MINES ANNOUNCES CLOSING ON OVERSUBSCRIBED DEBENTURE

Silver Bullet Mines Corp. has closed on the debenture financing announced Aug. 2, 2024. Please see that press release for the characteristics of the debenture. The amount closed upon is $1,118,000.

Cash commissions of $13,500 were paid and 135,000 broker warrants were issued in connection with this financing.

The use of proceeds is to continue work at the Buckeye silver mine in Arizona, to continue work at the former-producing Washington mine in Idaho, to mine and process material from the third party property as described in the company's news release of Sept. 24, 2024, and for working capital.

In its news releases of Sept. 24, 2024, and Oct. 9, 2024, the company announced it had entered into a relationship with an arm's-length third party for the processing of mineralized material from that third party's nearby property. The company has completed its due diligence review of the land with regard to the mineralized silver material it may contain. As a result of the positive results of that due diligence, the company is pleased to announce it has entered into a lease agreement for the land. Such lease has no end date and can only be terminated by Silver Bullet Mines in consideration for a gross royalty on the sale of product produced by Silver Bullet Mines from the land.

Due to what Silver Bullet Mines reasonably believes to be better economic efficiencies, Silver Bullet Mines intends to focus the majority of its resources on producing saleable product from the land. The closing of the financing referred to herein gives Silver Bullet Mines the ability to also work at the Buckeye mine and at the Washington mine in Idaho.

We seek Safe Harbor.