Silver Bullet Mines Corp. Successful second round of funding

Burlington- Silver Bullet Mines Corp. (TSXV: SBMI) (“SBMI” or “the Company”) announces today that it has closed the $810,075 in its previously announced funding, bringing the total raised to date to $1,574,075.

This tranche represents 2,205,188 Units, each Unit being priced at $0.40 (forty cents). Each unit consists of one common share and one full 60 cent (sixty cents) warrant with a term of 24 months, each warrant exercisable into one common share (the “Funding”). There is no acceleration clause on these warrants.

This is the second tranche of units on which SBMI has closed. The first installment of $764,000 was announced February 18, 2022. SBMI has other subscription agreements in hand, which means that SBMI will close at least one more tranche before March 26, 2022.

This proceeds of the Financing will be used to complete the process of setting up Buckeye silver mine in pilot production in March 2022, to advance work on former silver and gold production Washington mine in Idahoand for working capital.

“This financing is a success for the company and the shareholders,” said A.John Carter, CEO of SBMI. “Our initial minimum target was $500,000 and investors have exploded this figure. Funds raised through this fundraising have been budgeted to be more than enough to Buckeye mine in production, to complete our mill and to advance the Washington mine where it may be ready for mining.

Referral fees may be paid to arm’s length persons in connection with the issuance of Units. Other than the subscription agreement, no other offering documents will be provided to existing securityholders or other persons connected with the financing. The subscription contract is available on the Company’s website https://www.silverbulletmines.com/technical-corporatedocuments.

Contact:

John Carter

Tel: +1 (905) 302-3843

Email: [email protected]

Cautionary and forward-looking statements

This press release contains certain statements that constitute forward-looking statements with respect to SBMI and its subsidiaries. Forward-looking statements are not historical facts but represent management’s current expectations regarding future events and can be identified by words such as “believe”, “expect”, “will”, “intend”. of’, ‘plan’, ‘projects’, ‘anticipate’, ‘estimate’, ‘continue’ and similar expressions. Although management believes that the expectations expressed in these forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.

By their nature, forward-looking statements involve assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those contained in the forward-looking statements. If and when forward-looking statements are set forth in this new release, SBMI will also disclose the material risk factors or assumptions used in making the forward-looking statements. Except as expressly required by applicable securities laws, SBMI undertakes no obligation to update or revise any forward-looking statements. Future results related to forward-looking statements may be influenced by many factors, including, but not limited to: the impact of SARS CoV-2 or any other global virus; reliance on key personnel; the rigor of its QA/QA procedures; the continuity of the global supply chain for materials that SBMI will use in the production and processing of ore; shareholder and regulatory approvals; activities and attitudes of local communities at the location of SBMI properties; the risks of future legal proceedings; income tax matters; fires, floods and other natural phenomena; inflation rate; funding availability and terms; distribution of securities; commodity prices; currency movements, particularly between the USD and the CDN; effect of market interest rates on the price of securities and potential dilution. SARS CoV-2 and other potential global viruses create risks that, at this time, are immeasurable and impossible to define.

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