Bunker Hill Mining Announces Private Placement Convertible Debt Financing & Grant of Options

Bunker Hill Mining Announces Private Placement Convertible Debt Financing &

Grant of Options

TORONTO, June 19, 2018 -- Bunker Hill Mining Corp. (the “Company” or “Bunker”) (CSE:BNKR) is pleased to announce

that it has entered into a loan and warrant agreement with an arms length investor for an unsecured convertible loan in the

aggregate sum of  US$1,500,000, bearing interest at 10% per annum, maturing in one year.  Contemporaneously, the

Company agreed to issue 2,294,835 share purchase warrants, entitling the lender to acquire 2,294,835 common shares of the

Company, at a price of C$0.85 per share, for two years.

Convertible Debt Financing

Under the terms of the loan agreement, the lender may, at any time prior to maturity, convert any or all of the principal amount

of the loan and accrued interest thereon, into common shares of Bunker at a price per share equal to $0.85. 

In the event that a notice of conversion would result in the lender holding 10% or more of the Company’s issued and

outstanding shares, then, in the alternative, and under certain circumstances, the Company would be required to pay cash to

the lender in an amount equal $0.85 multiplied by the number of shares intended to be issued upon conversion.  Further, in the

event that the lender holds more than 5% of the issued and outstanding shares of the Company subsequent to the exercise of

any of its convertible securities held under this placement, it shall have the right to appoint one director to the board of

Bunker.  Lastly, among other things, the loan agreement further provides that for as long as any amount is outstanding under

the convertible loan, the investor retains a right of first refusal on any Bunker financing or joint venture/strategic

partnership/disposal of assets.

The proceeds of the loan shall be used to pay the Company’s upcoming payment obligation to the United States

Environmental Protection Agency, and for general working capital.

Grant of Options

The Company has granted senior management and executives incentive stock options to purchase up to an aggregate of

480,000 common shares, exercisable for 5 years at a strike price of C$0.85.

Completion of the transactions set out in this news release are subject to the approval of the Canadian Securities Exchange.

About Bunker Hill Mining Corp.

Bunker Hill Mining Corp. has an option to acquire 100% of the Bunker Hill Mine. The Bunker Hill Mine was the largest

producing mine in the Coeur D'Alene zinc, lead and silver mining district in northern Idaho.  Historically, the mine produced

over 35M tons of ore grading on average 8.76% lead, 3.67% zinc, and 155 g/t silver (Bunker Hill Mines Annual Report 1980). 

Information about the Company is available on its website, www.bunkerhillmining.com, or in the SEDAR and EDGAR

databases.

For additional information contact:

Bruce Reid, Chief Executive OfficerNicholas Konkin, Marketing & Communications

(647) 500-4495 (416) 567-9087

[email protected] [email protected]

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. The forward looking statements made herein are based on information currently available to the Company and the

Company provides no assurance that actual results will meet management's expectations or assumptions with respect to,

among other things, the ability of the Company to successfully complete the acquisition of the Bunker Hill Mine Complex on

the terms as announced or other satisfactory terms or at all, and fund the initial payments for which the Company does not

have funds at this time, the Company’s present and future financial condition, the Company’s ability to secure financing, and

the state of financial markets. 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”, and may include statements regarding, among other things, the terms of

the Bunker Hill Mine Complex acquisition and funding of the acquisition. Since forward-looking statements are based on

assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties.

Actual results relating to, among other things, results of exploration, project development, and the Company’s financial

condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as:

the inability of the Company to successfully acquire the Bunker Hill Mine Complex on the terms as announced or other

satisfactory terms or at all, and fund the payments for which the Company does not have funds at this time; the inability of the

Company to budget and manage its liquidity in light of the failure to obtain additional financing; the inability of the Company to

develop or sustain an active public market for its securities; development of changes in general economic conditions and

conditions in the financial markets; changes in demand and prices for precious metals; litigation, legislative, environmental

and other judicial, regulatory, political and competitive developments; operational difficulties encountered in connection with

the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that

may affect any of the Company’s forward-looking statements. These and other factors made in public disclosures and filings

by the Company should be considered carefully and readers should not place undue reliance on the Company’s forward-

looking statements. The Company does not undertake to update any forward-looking statement that may be made from time

to time by the Company or on its behalf, except in accordance with applicable securities laws.