Mining To Commence At The Washington Mine In Idaho

ONTARIO - Silver Bullet Mines Corp. (SBMI) has made a production decision for its Washington Mine on patented land in Idaho. Upon review of the historical records, SBMI's 2021 and 2022 field programs, the proposed budget, the success of the financing, the existing infrastructure and the current data including SBMI's blended bulk sample that yielded 55.5 ounces silver per tonne, the board has decided to initiate mining at the Washington Mine.

The Company's plan to widen the existing adit, make the area safe for work, proceed to the historical workings and extract mineralized material. To that end SBMI is in discussions with an experienced contract miner to commence such work as soon as reasonably possible, subject to a due diligence site visit.

This part of the Washington Mine was last mined in the 1980's when a bulk sample was removed by the then-owner and processed by Hecla Mining. That bulk sample resulted in a grade of 44 ounces silver per tonne and 10 grams of gold per tonne. (All historical references pre-date NI43-101 and the work involved was not carried out by SBMI. SBMI does not know what processes were followed for any such work or whether the work was carried out under the supervision of a Qualified Person. Such historical references cannot be relied upon until further work is carried out.)