Mr. John Carter reports

SILVER BULLET MINES CORP. INTERCEPTS HISTORICAL TUNNEL AT SUPER CHAMP AND ASSAYS HIGH GRADE SILVER (1093.2 OZ SILVER/TON)

Silver Bullet Mines Corp. has unexpectedly intercepted a historical mining tunnel, a shaft and waste piles during development of the Super Champ vein structure. There is no historical documentation on this tunnel or what was mined out of it. The company's field team estimates this zone (the Tunnel zone) was mined by unknown persons at least over a century ago.

The historical adit is approximately four feet wide by eight feet high and of unknown depth. It and the shaft were both intercepted under 12 feet of overburden as the company exposed the known vein.

The discovery of extensive historical mining activities further validates Silver Bullet's thesis for high-grade silver and possibly gold production from Super Champ.

"This is a spectacular discovery," said A. John Carter, Silver Bullet's chief executive officer. "We already knew from prior assays this vein is richly mineralized. Finding the historical tunnel and shaft further validates that conclusion, and teases what else could be here to find. Every day, we are closer to revenue."

Silver Bullet's field team reports visible silver in the Tunnel zone. Material from this zone is close to surface and is expected to be relatively uncomplicated to extract.

Silver Bullet took random samples from this newly intercepted potential high-grade silver Tunnel zone at the Super Champ mine, the results of which were:

• Sample 1: 135.8 ounces silver per ton (4,223.8 grams per ton);
• Sample 2: 137.0 oz silver per ton (4,161.2 grams per ton);
• Sample 3: 1,062.4 oz silver per ton (33,044.3 grams per ton);
• Sample 4: 1,093.2 oz silver per ton (34,002.3 grams per ton);
• Sample 5: 155.2 oz silver per ton (4,827.3 grams per ton);
• Sample 6: 91.6 oz silver per ton (2,849.1 grams per ton);
• Sample 7: 192.8 oz silver per ton (5,996.8 grams per ton);
• Sample 8: 178.6 oz silver per ton (5,555.1 grams per ton);
• Sample 9: 1,049.0 oz per ton (32,627.5 grams per ton);
• Sample 10: 1,090.0 oz per ton (32,902.8 grams per ton);
• Samples 3, 4, 9 and 10 were taken directly off the width of the exposed vein. All others were bucket samples of material in the tunnel.

The company also took random samples from the historical waste piles, which returned the following results:

• Sample 1: 77.6 oz silver per ton (2,413.6 grams per ton);
• Sample 2: 37.2 oz silver per ton (1,157.0 grams per ton);
• Sample 3: 23.4 oz silver per ton (727.8 grams per ton);
• Sample 4: 11.2 oz silver per ton (348.3 grams per ton);
• Sample 5: 9.8 oz silver per ton (304.8 grams per ton).

The company opened up the Tunnel zone as part of the process of excavating the high-grade silver vein for shipment of mineralized material to Silver Bullet's mill in Globe, Ariz. As with every assay of the Super Champ material to date, all of the Tunnel zone samples have been anomalous for silver. With the current material being processed at Silver Bullet's mill, there is gold visible in the mill concentrates.

Silver Bullet is continuing a detailed sampling program, including further exposing the vein and taking channel, chip and grab samples to provide data as to the potential size and overall grade of the Tunnel zone. Excavation of the Tunnel zone is continuing to provide details such as vein width and strike length. Depending upon the data received from that process, Silver Bullet should take a bulk sample for processing at its proximate state-of-the-art mill and for a detailed analysis of grade, recovery and concentration ratio. In management's opinion, and taking into account the gold and silver results disclosed on Nov. 12, 2024, the Tunnel zone has high potential of significantly increasing the overall head grade of the Super Champ material, or could be a separate high-grade zone containing gold and silver.

Readers are cautioned the Tunnel zone at the Super Champ is in early-stage development, and its potential is unknown at this stage. Samples are random by nature, and may not be representative of the vein or this zone as a whole. Further work on the site is continuing.

Quality assurance/quality control

In accordance with best practices, Silver Bullet will on a regular basis send check assays to a third party accredited lab for verification of grade and for multielement analysis.

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 rest 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 to 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 at 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 release.

We seek Safe Harbor.