Mr. John Carter reports

SILVER BULLET MINES DISCOVERS ADDITIONAL HIGH GRADE SILVER MINERALIZATION AT SUPER CHAMP MINE (405.4 OZ/TON SILVER) IN ARIZONA

Silver Bullet Mines Corp. has encountered chunks of high-grade silver float parallel to and above the known Super Champ vein in Arizona. This float was discovered during surface exploration. The float material was found in the soils uphill from the Super Champ vein, currently being mined by Silver Bullet, and is suggestive of a parallel vein system.

Float samples taken from the site were processed at the company's own assay facility and yielded the following five silver assay results:

• Float 1: 274.8 ounces per ton silver;
• Float 2: 243.2 oz per ton silver;
• Float 3: 166.0 oz per ton silver;
• Float 4: 219.8 oz per ton silver;
• Float 5: 405.4 oz per ton silver.

These high-grade values represent significant potential to increase the overall head grade and tonnage of feed from the Super Champ to Silver Bullet's 100-per-cent-owned mill in Globe, Ariz. The company plans to initiate a detailed exploration of the area, including excavation, to determine the possible presence of another vein structure, to be followed up with a geological field team site visit.

Though in the early stages of development, the Super Champ property continues to produce incredibly high assay results (see news releases of Nov. 12, 2024, and Dec. 12, 2024).

John Carter, Silver Bullet chief executive officer, is quoted as saying, "The Super Champ mine keeps getting better and better every day, and the entire team is excited about the future potential and development of the property, including a potential drill program."

Currently mineralized material from Super Champ is being shipped to the company's mill. There are over 600 tons at the Super Champ mine site ready for shipping to the mill, and over 1100 tons already at the mill site ready to be processed. The mill is processing that material and producing a high-grade silver concentrate for sale to potential clients.

In addition to the company's Arizona properties, mining at the company's wholly owned Washington mine in Idaho is advancing in accordance with the plans laid out in the company's news release of Nov. 22, 2024.

Silver Bullet is also pleased to announce it has closed a second tranche in the amount of $324,500 of its previously announced financing. The second tranche closing represents 2,704,167 units, with each unit priced at 12 cents. Each unit consists of one common share and one full 16-cent warrant with a 36-month term, with each such warrant being exercisable into a common share. There is no acceleration clause on the warrants.

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. Readers are cautioned float samples are random by nature and may not be representative of the Super Champ as a whole.

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.