Mr. G. David Richardson, an investor, reports

G. DAVID RICHARDSON FILES EARLY WARNING REPORT

G. David Richardson (the acquiror) announces that on Aug. 10, 2026, the acquiror, indirectly through Countryman Investments Ltd., a company, wholly owned by the acquiror, acquired ownership of a convertible debenture in the principal amount of $200,000 of Silver Bullet Mines Inc. and two million share purchase warrants through a private placement. The principal amount of the debenture, together with all accrued and unpaid interest thereon, is convertible into common shares of the company at the option of the holder at a conversion price of 12 cents per share. The debenture matures on Aug. 10, 2028, and bears interest at the rate of 12 per cent per annum. The warrants are exercisable into one additional share at an exercise price of 16 cents per share for a period of two years from the date of issuance.

On Sept. 21, 2026, the acquiror, indirectly through Countryman, acquired ownership of 1,071,429 shares and 1,071,429 warrants through a private placement at a price of 14 cents per share. Each warrant is exercisable into one additional share at a price of 18 cents per share for a period of two years.

The shares that would be issued on conversion of the debentures and the shares that would be issued on exercise of the warrants in the August transaction and the shares issued in the September transaction and the shares that would be issued on exercise of the warrants issued in the September transaction, combined with the 22,139,350 shares the acquiror owned and controlled directly and indirectly, the 18,561,508 shares that may be issued on exercise of warrants, the 1.25 million shares that may be issued on exercise of options that the acquiror owned and controlled directly and indirectly, and the 2.5 million shares that may be issuable on conversion of debentures that the acquiror owned and controlled directly and indirectly, prior to the transactions, resulted in the acquiror owning 50,260,383 shares, representing 28.4 per cent of the shares of the company based on 149,979,324 shares issued and outstanding on a partially diluted basis.

Prior the transaction, the acquiror directly and indirectly owns and controls an aggregate of:

• 22,139,350 shares held indirectly through Countryman;
• 18,561,508 shares issuable on exercise of warrants held indirectly through Countryman;
• 1.25 million shares issued on exercise of options held directly;
• 2.5 million shares issuable on conversion of debentures held indirectly through Countryman.

This represents 14.9 per cent of the 148,707,895 issued and outstanding shares as of Aug. 9, 2026, the date prior to the issuance of the debentures in the August transaction, on a non-diluted basis. If the acquiror were to exercise the warrants and the options and convert the debentures, the acquiror would directly and indirectly own and control 44,450,858 shares, or 26.0 per cent of the issued and outstanding shares, calculated on a partially diluted basis.

Following the transaction, the acquiror directly and indirectly owns and controls an aggregate of:

• 23,210,779 shares held indirectly through Countryman,
• 21,632,937 shares issuable on exercise of warrants held indirectly through Countryman;
• 1.25 million shares issued on exercise of options held directly;
• 4,166,667 shares issuable on conversion of debentures held indirectly through Countryman.

This represents 15.5 per cent of the 149,979,324 issued and outstanding shares as of Sept. 21, 2026, the date of the issuance of shares in the transaction, on a non-diluted basis. If the acquiror were to exercise the warrants and the options and convert the debentures, the acquiror would directly and indirectly own and control 50,260,383 shares, or 28.4 per cent of the issued and outstanding shares, calculated on a partially diluted basis.

The debentures, shares and warrants were acquired for investment purposes. The acquiror intends to monitor the business and affairs of the company, including its financial performance, and, depending upon these factors, market conditions and other factors, additional securities of the company may be acquired as is considered or deemed appropriate. Alternatively, some or all of the securities described herein may be disposed of in compliance with applicable securities regulatory requirements.

The acquiror has filed an early warning report pursuant to National Instrument 62-103F1, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, describing the above transaction with the applicable securities regulatory authorities. A copy of the early warning report is available on SEDAR+ under the profile of the company.