Mr. John Carter reports

SILVER BULLET MINES CORP. UPDATES ITS ACQUISITION OF MINING EQUIPMENT

Silver Bullet Mines Corp. (SBMI) is providing an update concerning the acquisition of mining equipment for its various mines.

On March 2, 2026, SBMI announced it had entered into a five-year agreement with Ocean Partners US Inc. whereby SBMI would supply high-grade mineralized material and concentrates to Ocean Partners. To supply this material, SBMI requires a portable crusher to operate at its various mine sites.

SBMI has ordered a portable crushing plant that is being manufactured to SBMI specifications and has a rated capacity of up to 50 tons of mineralized material per hour (in theory, 1,200 tons per day). This crusher is intended to produce material crushed to one-quarter inch, as per Ocean Partners' specifications, and SBMI intends to start production for Ocean Partners at 100 tons of mine material per day. This crusher will have the capacity to ramp up daily production as needed by SBMI without further capital expenditure.

SBMI is finalizing arrangements for transportation and logistics for the delivery of the completed crusher to the Columbia mine in Arizona. SBMI is also preparing the Columbia site and installing infrastructure, including a new road and electrical supply. It is expected the crusher should be fully functional on-site at the Columbia mine within roughly five months.

The crusher, being portable, will be able to be moved when necessary to the other SBMI mines in Arizona.

A second crusher is being contemplated for SBMI's Washington mine in Idaho.

Also in the March 2, 2026, news release, SBMI advised it intended to increase the throughput at its wholly owned mill in Globe, Ariz. This would require additional equipment to be installed at the company's existing modular mill. This ability to easily expand the mill's throughput is why SBMI initially designed the mill as a modular expandable unit. Initial infrastructure expansion capability was designed into the original design parameters. SBMI plans to recover minerals other than gold and silver, and as a result intends to acquire other equipment to effect such recoveries.

To finance the acquisition of the equipment, SBMI is negotiating for non-equity financing, the details of which will be shared as soon as possible.

We seek Safe Harbor.