Bunker Hill Files 10‐KT Transition Report FOR the Six Months Ended
BUNKER HILL FILES 10‐KT TRANSITION REPORT FOR THE SIX MONTHS ENDED
DECEMBER 31, 2020
TORONTO, Canada, March 31, 2021 – Bunker Hill Mining Corp. (CSE: BNKR) (“Bunker Hill” or the “Company) reports
that it has filed a Form 10‐KT transition report for the six months ended December 31, 2020, consistent with the
change in its fiscal year end as announced on February 12, 2021. The report includes the Company’s audited financial
statements for the six months ended December 31, 2020, management’s discussion and analysis, and other disclosure
including all material events since the change in the Company’s management team approximately one year ago.
Sam Ash, CEO of Bunker Hill, stated: “As we look back on our first full year of Bunker Hill under new management, we
are proud of the significant milestones that we have accomplished for our investors and stakeholders, including
establishing and upgrading our resource, making a meaningfully positive impact on the environment and our
community, and making significant strides to re‐starting the mine. We look forward to realizing our near‐term
catalysts, most notably publishing our PEA”.
Key achievements over the last 12 months are summarized in the table below:
NEW
MANAGEMENT
TEAM
Richard Williams appointed Executive Chairman in March 2020; previously Barrick’s COO
Sam Ash appointed President & CEO in April 2020; previously Barrick’s GM of Lumwana Copper Mine
Brad Barnett appointed VP Sustainability in April 2020; previously Barrick’s Head of Closure & Rehab
David Wiens appointed CFO & Corporate Secretary on January 12, 2021; previously SSR Mining
ESG
DRIVEN
VISION
Water management program launched in September 2020; commissioned pre‐treatment plant designed
to significantly improve quality of Mine discharge water; immediate results
Engagement with community and local stakeholders
Pam Saxton appointed Independent Director in October 2020; Chair of Audit Committee
Cassandra Joseph appointed Independent Director in November 2020; Chair of Governance Committee
ADVANCED
POTENTIAL
MINE RESTART
Renegotiated Lease and Option Agreement in November 2020, lowering cash purchase price to $3.4M
Repaired several thousand feet of Russell Tunnel, providing early access to UTZ Zone, Quill and Newgard
Zones, with plans to extend further access
Launched PEA assessing rapid production restart; results expected early Q2‐2021
EXPLORATION
SUCCESS
Digitized 95 years of historical data to develop proprietary geological model and prioritize targets
Achieved maiden mineral resource estimate announced in September 2020
Announced upgraded mineral resource estimate in March 2021
Confirmed high grade silver mineralization results in several areas through drilling and chip sampling
For further information please see the Company’s Form 10‐KT filed on SEDAR at www.sedar.com and EDGAR
www.sec.gov under the Company’s profile.
UPCOMING EVENTS
Adelaide Capital Idaho Conference
April 8, 2021 @ 12:00pm ET – 4:00pm ET
Join Us: REGISTER NOW
World Gold Forum
April 13‐15, 2021
https://www.worldgoldforum.com/
HC Wainwright Mining Conference
April 19‐20, 2021
Join Us: REGISTER NOW
121 Mining Investment Americas
April 27‐29, 2021
https://www.weare121.com/121mininginvestment‐new‐york/
QUALIFIED PERSON
Mr. Scott E. Wilson, CPG, President of Resource Development Associates Inc. and a consultant to the Company, is an
independent qualified person as defined by National Instrument 43‐101 – Standards of Disclosure for Mineral Projects
and is acting as the qualified person for the Company. He has reviewed and approved the technical information
summarized in this news release.
ABOUT BUNKER HILL MINING CORP.
Under new Idaho‐based leadership, 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 under the Company’s
profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
For additional information contact:
Sam Ash, President and Chief Executive Officer
+1 208 786 6999
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 the 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. 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 terminology such as “may”, “will”, “could”, “should”, “expect”, “plan”, “anticipate”,
“believe”, “intend”, “estimate”, “projects”, “predict”, “potential”, “continue” or other similar expressions concerning
matters that are not historical facts.
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 forward‐looking information could cause actual
events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such
forward‐looking information. The key risks and uncertainties include, but are not limited to: local and global political
and economic conditions; governmental and regulatory requirements and actions by governmental authorities,
including changes in government policy, government ownership requirements, changes in environmental, tax and other
laws or regulations and the interpretation thereof; developments with respect to the coronavirus disease 2019
(“COVID‐19”) pandemic, including the duration, severity and scope of the pandemic and potential impacts on mining
operations; and other risk factors detailed from time to time in the Company’s reports filed on SEDAR and EDGAR.
Forward‐looking information and statements in this news release include statements concerning, among other things:
the Company’s plans to extend further access to the UTZ Zone, Quill and Newgard Zones; the timing for publishing the
PEA aimed at assessing the mine’s rapid restart potential; and the Company’s intentions regarding its objectives, goals
or future plans and statements. 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 labor and international 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; 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; capital,
operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral
exploration and development industry; and those risks set out in the Company’s public documents filed on SEDAR and
EDGAR. 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 release, 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 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.