Mr. John Carter reports

SILVER BULLET MINES ASSAYS 217.6 OZ/TON SILVER IN BLAST MATERIAL AND SIGNS FIRST AGREEMENT FOR THE SALE OF SBMI SILVER AND GOLD CONCENTRATE

Silver Bullet Mines Corp. has signed an open purchase agreement for the sale of Silver Bullet's gold and silver concentrate for the period beginning April 11, 2025, and running to Dec. 31, 2026. The agreement is on standard terms and is non-exclusive. The purchaser is based in the United States, so the company does not expect the current tariffs to have a material impact on the purchases.

Negotiations continue with other potential purchasers of Silver Bullet's gold and silver concentrate. One of those other potential purchasers is the buyer described in Silver Bullet's March 19, 2025, news release. Silver Bullet has been provided with an XRF readout taken by the buyer on a dore bar made from the Super Champ concentrate as part of its testing. The readout, based on a 20-second analysis period, showed 82.6 per cent silver, 4.1 per cent gold, 3.1 per cent copper, 6.2 per cent tin and minor amounts of other elements. Importantly, the readout showed extremely minimal deleterious elements in the Super Champ material. Silver Bullet does not know what other quality assurance/quality control processes went into the buyer's testing or if they were carried out by or under the supervision of a qualified person.

These third party data and Silver Bullet's own work continue to prove up the upper high-grade zone at the Super Champ mine. Silver Bullet is pleased to announce it has assayed very high-grade silver after two dynamite blasts into that wide zone at the Super Champ mine.

Various grab samples of vein material from the first blast were assayed, with the highest returning 217.6 ounces per ton silver. All samples were anomalous for silver. Panned material returned 572 oz/ton silver, and waste rock returned 7.6 oz/ton silver. The company's assay lab cannot assay for gold or copper, so samples from the blast area will be sent to a third party accredited lab for multielement analysis.

On Nov. 18, 2024, Silver Bullet announced it had unexpectedly intercepted a historical mining tunnel, 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. This historical tunnel is approximately four feet wide by eight feet high and of unknown depth. Four grab samples taken from the vein inside this tunnel each returned over 1,000 oz/ton silver.

On March 7, 2025, Silver Bullet announced it was driving a development adit from surface to access the Super Champ mineralization at depth and along strike, in part due to the spectacular assay results from the samples taken from inside the historical adit. The two blasts mentioned above are part of developing this adit, and the assay results from material from the first blast support Silver Bullet's decision to drive this adit. Timbering has begun.

The evidence to date overwhelmingly supports management's belief the Super Champ vein is richly mineralized. Silver Bullet plans to continue driving along the vein at a decline through the hill to eventually meet up with the lower adit currently under construction. The lower portal has been collared, and the lower adit will then drive toward intercepting the Super Champ vein at 90 degrees. This will allow mining in both directions along the vein, thus increasing the daily output and reducing production risk.

In light of the incredible grades and the extent of the vein, Silver Bullet has staked an additional 11 claims covering the entire exposed system. The Super Champ project is fully permitted and is in full compliance with all regulatory authorities.

QA/QC

Readers are cautioned grab samples are random by nature and may not be representative of the rest of the Super Champ vein. 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 six to one 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 Silver Bullet 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.