SBMI High Grade Silver From Zone 1

ONTARIO - Silver Bullet Mines Corp. (SBMI) reported high grade silver as it moves to the next stage in the development of the new Zone. SBMI is continuing to blast and muck in Zone towards what management believed to be a volume of higher grade silver mineralization. Since then, in the last three blasts the vein width significantly increased to over 19 feet wide, with current assays of up to 24.2 oz/ton silver from the new muck piles and directly from the vein. This is significant as the Company believes it is very close to the 1969 historical drill holes, and expects the grade to increase in future blasts. It also provides strong support for management's theory of the grade increasing as blasting penetrates further into Zone.

"These results validate our interpretation of the historical and current data," said John Carter, CEO. "The grades are increasing the further we blast into Zone1, as we expected. After battling through Covid, severe supply chain challenges, Mother Nature and unexpected price increases, it is rewarding to be hitting our targetted area, almost exactly where we expected it to be."

As a result of these grades, management believes the recently blasted material to be economically viable and therefore is being prepared for transportation to the mill for processing. Upon receipt of the material the Company will restart the mill. SBMI is working with a transport company to arrange transportation to the mill. The Company believes that due to the nugget effect nature of the host rock, milling could increase or decrease the overall grade.