Mr. Sam Ash reports

BUNKER HILL ANNOUNCES ELECTION TO ISSUE SHARES IN SATISFACTION OF INTEREST PAYMENT OBLIGATIONS

Bunker Hill Mining Corp. has elected to issue an aggregate of 72,115 shares of common stock of the company in full satisfaction of the interest payable as of March 31, 2026, under certain debt instruments, including (i) an aggregate of 20,604 interest shares to certain holders of 5.0 per cent Series 1 secured convertible debentures for the aggregate interest of $75,000 (U.S.) owing thereunder, (ii) an aggregate of 51,511 interest shares to certain holders of 5.0 per cent Series 2 secured convertible debentures for the aggregate interest of $187,500 (U.S.) owing thereunder for the aggregate interest of $262,500 (U.S.) owing thereunder in connection with advances to the company. The Series 1 debentures and Series 2 debentures mature on March 31, 2028, and March 31, 2029, respectively.

In accordance with the terms of the debt instruments, the company will issue the interest shares at a price of $3.64 (U.S.) (approximately $5.05) per interest share based on 90 per cent of the 10-day volume-weighted average trading price of the shares of common stock of the company on the applicable stock exchange which the company's shares of common stock are trading on the trading days beginning on March 16, 2026, and ending on March 27, 2026 (the pricing period).

In connection with the interest payments, the company will issue an aggregate of 68,681 interest shares to certain managed accounts of Sprott Private Resource Streaming and Royalty Corp. and, accordingly, the issuance of such interest shares to Sprott will constitute a related party transaction within the meaning of Multilateral instrument 61-101 -- Protection of Minority Shareholder Approval. The company intends on relying on exemptions from the formal valuation and minority shareholder approval requirements under MI 61-101 as neither the fair market value of the interest shares to be issued to Sprott, nor the consideration received for such interest shares, will exceed 25 per cent of the company's market capitalization. The company did not file a material change report more than 21 days prior to the election to issue the interest shares as the pricing period only ended yesterday on March 26, 2026.

About Bunker Hill Mining Corp.

Bunker Hill is an American mineral exploration and development company focused on revitalizing the company's historic mining asset: the renowned zinc, lead and silver deposit in northern Idaho's prolific Coeur d'Alene mining district. This strategic initiative aims to breathe new life into a once-productive mine, leveraging modern exploration techniques and sustainable development practices to unlock the potential of this mineral-rich region. Bunker Hill Mining aims to maximize shareholder value by responsibly harnessing the mineral wealth in the Silver Valley mining district, focusing the company's efforts on this single, high-potential asset.

We seek Safe Harbor.