Bunker Hill Announces Management Update
BUNKER HILL ANNOUNCES MANAGEMENT UPDATE
TORONTO, August 14, 2023 – Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (CSE: BNKR, OTCQB: BHLL)
announces that David Wiens, the Company’s Chief Financial Officer, will be stepping down from his role to pursue
another career opportunity. Concurrently, the Company is pleased to announce the appointment of Gerbrand
Van Heerden as Bunker Hill’s new Chief Financial Officer, effective 14 October 2023. Mr. Wiens will continue to
support the Company as CFO over the short term in order to ensure a smooth transition.
An experienced Mining Company CFO, Gerbrand Van Heerden is a CPA registered with the Chartered Professional
Accountants of British Columbia and a CA(SA) registered in South Africa and holds a Bachelor of Commerce
(Honors) Degree in Accounting from the University of Johannesburg. With over 20 years of mining industry
experience, he has served as CFO of B MC Minerals (Pvt) , Trevali Mining, and of Glencore’s Rosh Pinah Zinc
Operations in Namibia. In addition to these key executive roles, he has also been Vice President Business Initiatives
and Development at Trevali and served as financial controller and General Manager Commercia l Services at
Metorex, the Sout h African base -metals producer and developer. A Canadian citizen and resident in British
Columbia, he started his professional career as a Tax and Assurance Manager with Deloitte.
Sam Ash, CEO, stated: “I am very pleased to announce the appointment of Gerbrand as our new CFO, who is well
known to our Board and the North American Capital Markets. He brings considerable CFO and capital allocation
experience to the Bunker Hill Team at a critical time for both the restart project and for the Company as we
develop and execute on our evolving growth strategy”.
“I would also like to thank David for his significant contributions as CFO during a foundational period for the
Company. His many achievements include the delivery of project financing for the mine restart, enabling the up-
listing to the TSX-V, and the helping to build the early version of our company’s financial systems and processes
from scratch. We wish him well in his future endeavors”.
ABOUT BUNKER HILL MINING CORP.
Under new Idaho-based leadership, Bunker Hill intends to sustainably restart and develop the Bunker Hill Mine as
the first step in consolidating and then optimizing a number of mining assets into a high -value portfolio of
operations delivering critical metals into the market and centered initially in North America . Information about
the Company is available on its website, www.bunkerhillmining.com, or within the SEDAR+ and EDGAR databases.
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 U.S. Securities Act of 1933,
as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, as well as within the
meaning of the phrase ‘forward -looking information’ in the Canadian Securities Administrators’ National
Instrument 51 -102 – Continuous Disclosure Obligations (collectively, “for ward-looking statements”). 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”,
“plan” or variations of such words and phrases. 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 forward-looking statements are based on information currently avail able to the Company, the Company
provides no assurances that actual results will meet management’s expectations. Risks, uncertainties and other
factors involved with forward-looking information could cause actual events, results, performance, prospects and
opportunities to differ materially from those expressed or implied by such forward-looking statements.
Forward-looking statements in this news release include, but are not limited to , statements regarding the
Company’s objectives, goals or future plans, including: the restart and development of the Bunker Hill Mine and
the achievement of future short-term, medium-term and long-term operational strategies; the Company satisfying
the conditions for and receiving final listing approval from the TSX-V and the anticipated effects thereof, including
potentially enabling further institutional investment in the Company; the anticipated timing for the trading of the
Common Shares on the TSX -V; and plans to consider a U.S. exchange listing consistent with anticipated U.S.
institutional investor interest.
Factors that could cause actual results to differ materially from such forward-looking statements include, but are
not limited to, those risks and uncertainties identified in public filings made by Bunker Hill with the U.S. Securities
and Exchange Commission (the “SEC”) and with applicable Canadian Securities regulatory authorities, and the
following: the Company not receiving final TSX -V listing approval; a determination by the Company whether to
pursue a listing of the Common Shares on a U.S. national securities exchange; the Company’s inability to raise
additional capital for project activities, including through equity financings, concentrate offtake fi nancings or
otherwise; 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; restrictions on
labor and its effects on international travel and supply chains; failure to identify mineral resources; failure to
convert estimated mineral resources to reserves; 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 technical 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 inc reased risks associated with developing a commercially mineable deposit, 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 adver se 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 Company's cash flow and future profitability; delays in obtaining or fa ilures to
obtain required governmental, environmental or other project approvals; political risks; changes in equity markets;
uncertainties relating to the availability and costs of financing 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 pursuant to the terms of the agreement to acquire the Bunker Hill Mine
complex; inflation; changes in exchange rates ; fluctuations in commodity prices; delays in the development of
projects; and capital, operating and reclamation costs varying significantly from estimates and the other risks
involved in the mineral exploration and development industry. Although the Comp any believes that the
assumptions and factors used in preparing the forward -looking statements in this news release are reasonable,
undue reliance should not be placed on such statements or information, which only applies as of the date of this
news release, and no assurance can be given that such events will occur in the disclosed time frames or at all,
including as to whether or when the Company will achieve its project finance initiatives, or as to the actual size or
terms of those financing initiatives. The Company disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new information, future events or otherwise, other than as
required by law. No stock exchange, securities commission or other reg ulatory authority has approved or
disapproved the information contained herein.
Readers are cautioned that the foregoing risks and uncertainties are not exhaustive. Additional information on
these and other risk factors that could affect the Company’s op erations or financial results are included in the
Company’s annual information form or annual report and may be accessed through the SEDAR + website
(www.sedarplus.ca) or through EDGAR on the SEC website (www.sec.gov), respectively.
For additional information contact:
David Wiens, CFA
CFO & Corporate Secretary
+1 208 370 3665