Bunker Hill Announces Appointment of Dr Mark Cruise as Independent Non-Executive Director
BUNKER HILL ANNOUNCES APPOINTMENT OF DR MARK CRUISE AS
INDEPENDENT NON-EXECUTIVE DIRECTOR
TORONTO, June 30, 2022 – Bunker Hill Mining Corp . (the “Company”) (CSE: BNKR , OTCQB: BHLL ) is pleased to
announce that Dr. Mark Cruise has been appointed to its Board of Directors, replacing Mr. Wayne Parsons.
Richard Williams, Executive Chairman, commented: “I am excited and very proud to welcome Dr. Mark Cruise to
the Board of Directors of Bunker Hill . A highly respected career geologist and company builder, h is technical
expertise, extensive professional network, and track record of growing mid-tier mining companies add essential
strategic capabilities to our Board as we start to look beyond the restart the mine towards ways to create new
value from investment in exploration and external growth opportunities. We are very lucky to have him join us.
But it is with a heavy heart that all of us at Bunker Hill bid farewell to the redoubtable Wayne Parsons, whose
consistent passion, creativity, and entrepreneurial spirit, as both Board Member and CFO, has been invaluable to
the early-stage turnaround management of the business.”
APPOINTMENT OF DR. MARK CRUISE AS INDEPENDENT DIRECTOR
Dr. Cruise is a professional geologist with over 27 years of international mining experience, in Europe, the Americas
and Africa. A former polymetallic commodity specialist with Anglo American plc, Dr Cruise founded and was Chief
Executive Officer of Trevali Mining Corporation. Under his leadership, the company grew from an initial discovery
into a top-ten global zinc producer with operations in the Americas and Africa. He has previously served as Vice
President Business Development and Exploration, COO and CEO for several TSX, TSX-Venture and NYSE-Americas
listed exploration and development Companies. Mark has Served on 9 Public Company Boards over 14 years for
TSX-V; TSX and NYSE -Americas listed Exploration, Development and Producing Companies with market
capitalizations ranging from tens of millions to in-excess of US$1 billion.
Mr. Wayne Parsons is a mining finance entrepreneu r who served as Bunker Hill’s CFO between May 2019 and
January 2021, stepping up to be a key Non-Executive Board Director thereafter. He leaves the Board and the
Company effective June 30, 2022 but will remain close to the Company as both a supportive shareholder and
friend.
“Now that our business is focused fully upon the technical aspects of restarting and developing the mine ’s
potential, I am delighted to hand over my governance responsibilities to Dr. Mark Cruise whose technical expertise
and experience are vital for this stage of the company’s development ”, said Mr Parsons. “This is indeed a very
exciting moment for all our shareholders”.
INVESTMENT IN A PARTNERSHIP CULTURE – SHARE-BASED BONUS AWARDS
The Company is delighted to report that it has awarded 1,218,000 Units of the Company as a one-time bonus to
26 Idaho-based personnel in recognition of significant and special contributions made towards the restart of the
Bunker Hill Mine, including underground rehabilitation and development, infrastructure improvements, geology,
and environmental and community initiatives. In addition to recognizing the ir extraordinary efforts at a
challenging and foundational time, this also represents the first step along a path designed to build a distinctive
performance-focused ‘ownership culture’ within the Company.
“Our ability to maximize the value contained within the Bunker Hill mine is directly related to the performance -
focused partnership that we are building with our Silver Valley contractors and personnel,” said Sam Ash, CEO of
the Company. “We do not take that of them for granted and believe it is vital that they can share in the very
special opportunity that is being created here. This is just one small first step on the path to achieving that”.
Each Unit is comprised is comprised of one common share and one warrant to purchase a common share of the
Company at a price of CAD 0.37 per common share until April 1, 2025.
ABOUT BUNKER HILL MINING CORP.
Under new Idaho -based leadership the Bunker Hill Mining Corp, intends to sustainably restart and develop the
Bunker Hill Mine as the first step in consolidating a portfolio of North American precious-metal assets with a focus
on silver. Information about the Company is available on its website, www.bunkerhillmining.com, or within the
SEDAR and EDGAR databases.
For additional information contact:
David Wiens, CFA
CFO & Corporate Secretary
+1 208 370 3665
CAUTIONARY STATEMENTS
Certain statements in this news release are forward -looking and involve a number of risks and uncertainties. Such forward -looking
statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of t he Securities
Exchange Act of 1934, as amended, as well as within the meaning of the phrase ‘forward -looking information’ in the Ca nadian Securities
Administrators’ National Instrument 51 -102 – Continuous Disclosure Obligations. Forward -looking statements are not comprised of
historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals,
including words to the effect that the Company or management expects a stated condition or result to occur. Forward -looking statements
may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may ”, “could”, “would”, “will”, or “plan”. Since
forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent
risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no
assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forwa rd-looking
information could cause actual events, results, performan ce, prospects and opportunities to differ materially from those expressed or
implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s
intentions regarding: its objectives, goals or future plans and statements; closing the Stream as described herein with SRSR; the financing
package with SRSR being sufficient for the purposes described herein; the Company’s ability to secure additional financing, whether dilutive
or non -dilutive; the Company’s ability to progress detailed engineering of the Bunker Hill Mine; the Company’s ability to complete the
underground decline, the demobilization of the Pend Oreille mill, and further engineering optimization in preparation for the mine restart;
the Company’s ability to restart production at the Bunker Hill Mine; and the completion of a pre -feasibility study and the timing thereof.
Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: the ability
to predict and counteract the effects of COVID -19 on the business of the Company, including but not limited to the effects of COVID -19 on
the price of commodities, capital market conditions, restriction on labour and intern ational travel and supply chains; failure to identify
mineral resources; failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends
a production decision; the preliminary nature of metallurgical test results; the Company’s ability to restart and develop the Bunker Hill Mine
and the risks of not basing a production decision on a feasibility study of mineral reserves demonstrating economic and techn ical viability,
resulting in increased uncertainty due to multiple technical and economic risks of failure which are associated with this production decision
including, among others, areas that are analyzed in more detail in a feasibility study, such as applying economic analysis to resources and
reserves, more detailed metallurgy and a number of specialized studies in areas such as mining and recovery methods, market analysis, and
environmental and community impacts and, as a result, there may be an increased uncertainty of achieving any particular level of recovery
of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposi t with no
guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved; failure to commence
production would have a material adverse impact on the Company's ability to generate revenue and cash flow to fund operations ; failure
to achieve the anticipated production costs would have a material adverse impact on the Com pany's cash flow and future profitability;
delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; c hanges in equity
markets; uncertainties relating to the availability and costs of financ ing needed in the future; the inability of the Company to budget and
manage its liquidity in light of the failure to obtain additional financing, including the ability of the Company to complete the payments to
the U.S. EPA pursuant to the terms of the agr eement to acquire the Bunker Hill Mine; inflation; changes in exchange rates; fluctuations in
commodity prices; delays in the development of projects; capital, operating and reclamation costs varying significantly from estimates and
the other risks involved in the mineral exploration and development industry; the cost, timing and ability to implement ESG initiatives which
may not be technically successful or economically viable; and those risks set out in the Company’s public documents filed on SEDAR. Although
the Company believes that the assumptions and factors used in preparing the forward -looking information in this news release are
reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news releas e, and no
assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation
to update or revise any forward -looking information, whether as a result of new information, future event s or otherwise, other than as
required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved the info rmation
contained herein.