Washington Mine First Phase Of Development Completed

BURLINGTON, ON - Silver Bullet Mines Corp. (SBMI) has successfully completed the first phase of development of the Washington Mine in Idaho. It has successfully advanced a 12 foot x 12 foot main haulage tunnel 190 feet. Underground drill stations have been set up that will help further define the geometry of the mineralized zones. Historical Washington Gold Workings have been opened. The Company has intercepted the historical Berger Vein and the Eastern silver/gold shoot. Several NQ holes have been drilled and appear to intercept the peripheral portions of the mineralization, and SBMI has identified two highly prospective gold/silver targets, one of which is the Subrosa. The Subrosa was historically reported to run 32 oz/ton (995.31 ppm) silver and .13 oz/ton (4.04 ppm) gold over 65 feet.

SBMI's own assays and XRF readings taken on site from the host rock revealed multiple high grade gold/silver veinlets throughout the host rock. Almost all of the 32 samples taken by SBMI, adjacent to the Washington vein and analyzed by ALS, were anomalous for both gold and silver, with one assay returning 30.1 ppm gold.

SBMI feels these values are significant as they occur in the host rock not normally associated with mineralized material. It should be noted that within the Washington vein, recent samples ran as high as 3,000 ppm silver.

During this phase of development the Company was able to complete the work necessary to identify the locations of all the zones as indicated in the Stoker Report (see full report on website) and to establish the potential for significant materialization at depth. SBMI is now ready to commence mining what it believes to be high grade silver/gold material from multiple targets on the property and to stockpile the mineralized material. SBMI expects to quickly be able to access the mineralized material.