Silver Bullet Mines Corp. announced it has commenced test processing of silver mineralized material through its wholly owned processing plant in Arizona. The Material has been sourced from a property owned by an arm's length party, which property hosts a former producing silver mine in Arizona.

The Material has assayed as high as 8 ounces per ton silver over multiple assays carried out by SBMI at the site of the former producing silver mine. Assay protocols for the Material are being drafted. The Material and this opportunity are in addition to the third party gold processing opportunity announced November 1, 2023.

That gold processing opportunity is still being evaluated by SBMI and negotiations with the provider of the gold processing material continue. Approximately 250 tons of Material has been delivered to SBMI's mill for processing. It is located on private property and was a past silver producer, last mined in the early 1900's. Historical records indicate a silver vein of 35 to 50 foot width and grading 25 ounces per ton silver.

There are at least 3 historical shafts and multiple workings. (This work and data pre-date NI43-101. SBMI does not know the methodology used or whether a Qualified Person supervised such work.

Readers are cautioned not to rely upon such results until further work is carried out by SBMI, including processing of the Material at its mill.) This type of acquisition is made possible by the fact SBMI has a complete mill and assay complex that is not only highly efficient but also flexible to handle many types of material. This is an excellent opportunity for SBMI to generate revenue quickly while the Buckeye Silver Mine is completing MSHA requirements and being prepared for mining out of the high grade Zone1. Work is ongoing and the Company is commencing the rock bolting phase of the operation.

Much of the other MSHA work has been completed. QA/QC. The Material described above is assayed at multiple stages of the process.

The assay results will provide input as to any adjustments that may be necessary to improve production efficiencies. In accordance with best practices, multiple assays have been and should continue to be sent to third party ISO-accredited labs for multielement analysis including precious metals and PGMs. Readers are cautioned that these samples may not be representative of the Material as a whole, and not all assay results will be disclosed. All samples above were analyzed by SBMI at its facility near Globe, Arizona.

They were processed through the Lab Jaw Crusher, Lab Hammer Mill and Splitter Box into an aliquot. Most of the pulverized aliquot was mixed with a flux and flour combination and melted in a crucible at 1,850 degree Fahrenheit, with the remainder being logged and archived. Upon cooling, the poured melt was in the form of a metal button and slag, following which a bone ash cupel was utilized to eliminate the lead in the button to form a bead.

The bead was then weighed, following which a solution of 6 to 1 distilled water to nitric acid was utilized to dissolve the silver in the bead at approximately 175 degrees Fahrenheit.