Mr. John Carter reports

SILVER BULLET MINES CORP. CLOSES OVERSUBSCRIBED FINANCING AND ANNOUNCES ADVANCES AT WASHINGTON MINE IN IDAHO

Silver Bullet Mines Corp. has closed on the final tranche of its previously announced financing. This tranche consists of $1,747,520, meaning the financing was oversubscribed by $1,086,020.

This final tranche represents 9,505,163 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.

Totals for the private placement were 21,550,163 units and $2,586,020.

Finders' fees of $108,042 in cash and 185,850 in broker warrants were paid with respect to the issuance of the units. The broker warrants have a term of three years and are exercisable at sixteen cents.

These funds will be used to finance an accelerated development program at the Super Champ mine in Arizona, an accelerated development program at the Washington mine in Idaho and for working capital.

At Silver Bullet's Washington mine in Idaho, and as disclosed in the company's news release of Jan. 16, 2025, the contract miner has begun extracting mineralized material. That material will be stockpiled at the mine site until a minimum volume is stockpiled, and the material will then be delivered to a proximate mill for processing. Minor delays have been encountered and may continue from time to time due to higher than normal snowfall. The company reasonably expects the contract miner, in the course of extracting mineralized material, to encounter other previously unknown gold and/or silver zones.

We seek Safe Harbor.