Mr. John Carter reports

SILVER BULLET MINES ANNOUNCES CONFIRMATORY ASSAY RESULTS ON SILVER CONCENTRATE FROM SUPER CHAMP

Silver Bullet Mines Corp. has received multielement assay results from samples taken from the Super Champ concentrate. These samples were processed by an independent accredited lab. The concentrate was processed at Silver Bullet's mill in Globe, Ariz.

The Super Champ is the property owned by a third party upon which Silver Bullet has a perpetual lease, as announced on Oct. 21, 2024.

On Oct. 9, 2024, Silver Bullet disclosed the following silver assay results from this Super Champ concentrate, as processed at Silver Bullet's own assay lab in Globe:

• Head grade -- 19.2 ounces per ton silver (597 grams);
• Concentrate grade -- 307 .6 ounces per ton silver (9,567 grams);
• Recovery -- 89 per cent.

Today, Silver Bullet discloses the following silver assay results from this same Super Champ concentrate, as processed by the independent accredited lab:

• Head grade -- 28.0 ounces per ton silver (877 grams);
• Concentrate grade -- 339.6 ounces per ton silver (10,563 grams);
• Recovery -- 88.2 per cent.

The independent accredited lab also assayed for gold as part of the multielement analysis. Silver Bullet is pleased to announce gold values in the Super Champ concentrates assayed 0.52 ounce (16.16 grams per ton), which represents a potential significant increase in the value of the concentrates.

Management is very pleased with these results, which confirm its high level of confidence that the Super Champ material is highly mineralized with silver and that Silver Bullet's assay lab is providing accurate data.

With the multielement analysis in hand from the third party lab, Silver Bullet has now entered into meaningful negotiations for the sale of the concentrate. The timing of such sales will likely depend upon the tonnages requested by the buyers.

Silver Bullet continues to ship material from the Super Champ to Silver Bullet's mill for stockpiling and processing. As a result of data gathered during the sample runs carried out in September and October, Silver Bullet is making minor modifications to the mill to improve efficiencies. The bag setup for the concentrate is in place and bags are already being filled.

To date, the cost of removing, transporting and processing the Super Champ material is roughly in accordance with management's internal projections.

QA/QC (quality assurance/quality control)

Run of mine samples were mined from surface workings on the Super Champ vein and hauled to the Silver Bullet's mill site in Globe.

At the mill, a 500-pound representative sample was crushed, ground and run through a splitter box to yield a head grade sample of approximately 500 grams. The other four samples were concentrates collected off the Diester table (model 6B) by Bob Budd, certified Arizona assayer, metallurgical engineer and chief assayer for Silver Bullet, as well as Vic Henderson, certified Arizona assayer.

The above five samples were then packaged, labelled and shipped by courier to Activation Laboratories Ltd. (Actlab), 41 Bittern St., Ancaster, Ont.

At Actlab's lab two analysis were undertaken on all five samples: 1) a 36 multielement total digestion with an ICP (induced coupled plasma) finish; and 2) a fire assay followed by a gravimetric analysis.

Standards, blanks and duplicates were not submitted by the company as Actlab used its own QA/QC (quality assurance/quality control).

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 release.

We seek Safe Harbor.