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Bullet Exploration Announces Amendment to Amalgamation Agreement

Vancouver, BC, November 18, 2024 - Bullet Exploration Inc. (TSX-V: AMMO) ("Bullet" or the "Company") announces that it has amended the terms of its previously announced amalgamation agreement with Gold79 Mines Ltd. (TSX-V:AUU) (OTCQB:AUSVF) ("Gold79") and Gold79's wholly-owned subsidiary pursuant to which Gold79 would acquire all of the issued and outstanding shares of Bullet (the "Transaction"). Pursuant to the amendment to the amalgamation agreement, the form of the amalgamation application attached as Schedule A to the amalgamation agreement has been updated to include all of the information that is required to be included in the amalgamation application that will be filed with the registrar in accordance with the provisions of the British Columbia Business Corporations Act.

Completion of the Transaction is subject to a number of conditions, including but not limited to, TSX Venture Exchange acceptance and the requisite Bullet shareholder approval. The Transaction cannot close until the required Bullet shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the amalgamation agreement or in the management information circular of Bullet prepared in connection with the annual and special meeting of the Bullet shareholders to be held on November 25, 2024, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Bullet and Gold79 should be considered highly speculative.

About Bullet Exploration Inc.

Bullet Exploration Inc. is a TSX Venture listed company focused on high-potential gold and silver projects in the Southwest United States. The flagship Jefferson North Gold-Silver project in Nevada, near major producers like Kinross's Round Mountain, spans 1,068 hectares and 132 claims, offering significant exploration potential. Bullet also holds the Copper Canyon Property in British Columbia, targeting a copper-gold porphyry deposit. With a tight capital structure and a long-term vision for growth, Bullet is committed to advancing its projects and creating lasting shareholder value.

For further information regarding this press release contact:

Ehsan Agahi, President & CEO, Bullet

Phone: 778-358-6172

Email: info@bulletexploration.com

Website: www.bulletexploration.com.

Reader Advisory

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the business of the combined entity, statements with respect to the completion and timing of the Transaction, the conditions to be satisfied for the completion of the Transaction and the timing thereof. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; failure to obtain industry partner and other third party consents and approvals, if and when required; competition for and/or inability to retain drilling rigs and other services; competition for, among other things, skilled personnel and supplies; incorrect assessments of the value of acquisitions; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; and the other factors described in our public filings available at www.sedarplus.ca. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

The TSX Venture Exchange has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.