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BNKR.TO ·

Bunker Hill Announces the Appointment of Vice President Business Development

Management Changes

Bunker Hill Announces the Appointment of Vice President Business

Development

VANCOUVER, British Columbia, Aug. 06, 2024 -- Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (TSX-V:

BNKR; OTCQB: BHILL) announces the appointment of Nick Dunnink in the role of Vice President, Business Development,

effective August 1, 2024.

Nick has extensive experience within the mining industry and capital markets. Before joining Bunker Hill, he served as the

founder of his independent consultancy, assisting companies with corporate development and finance, following ten years of

experience at bank-owned dealers on the mining and metals investment banking teams. During his time in investment

banking, he assisted in over $20 billion in transactions including global mergers and acquisitions, structured finance and

capital raises across North America. Mr. Dunnink is a Chartered Financial Analyst and holds a Certificate in ESG Investing

from the CFA Institute along with a Bachelor of Commerce from the University of Windsor.

Sam Ash, President and CEO of Bunker Hill, commented, “I am very excited to have Nick join us at this fundamentally

important time as we aim to restart the historic Bunker Hill Mine. Nick’s considerable experience and expertise in financing

and capital markets will be key to the Company as we develop and execute on our evolving growth strategy.”

In addition, the Company has issued Mr. Dunnink incentive stock options to purchase up to an aggregate of 87,493 common

shares of Bunker Hill Mining Corp. exercisable for up to 5 years at a price of C$0.16 per share, of which all of the stock

options vest in on August 1, 2025.

ABOUT BUNKER HILL MINING CORP.

Under 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, centered initially in North

America. Information about the Company is available on its website, www.bunkerhillmining.com, or within the SEDAR+ and

EDGAR databases.

On behalf of Bunker Hill Mining Corp.

Sam Ash

President and Chief Executive Officer

For additional information, please contact:

Brenda Dayton

Vice President, Investor Relations

T: 604.417.7952

E: [email protected]

Cautionary Statements

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts

responsibility for the adequacy or accuracy of this news release.

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, “ forward-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.

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.

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 SEC and with applicable Canadian

securities regulatory authorities, and the following: the Company’s inability to raise additional capital for project activities,

including through equity financings, concentrate offtake financings or otherwise; the fluctuating 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 increased 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 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 Company's cash flow and future profitability; delays in obtaining or failures 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 Company 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

regulatory 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 operations 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.