Bunker Hill Mining Corp. Announces Conference Call to Update Investors ON Drilling Progress, Results and Corporate Update
BUNKER HILL MINING CORP. ANNOUNCES CONFERENCE CALL TO UPDATE
INVESTORS ON DRILLING PROGRESS, RESULTS AND CORPORATE UPDATE
TORONTO, ON, December 16, 2020 – Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR) Is pleased to announce we
will be releasing the results of the first sampling from our drilling program on December 18, 2020 at 7:00 am (EST),
followed by a conference call on Friday December 18, 2020 at 11:00 am (EST) to discuss the results and provide a
corporate update to the investment community.
Investors can join the call live by dialing in to our conference line at: (+1) 416-764-8658 (Toronto) or (+1) 888-886 -7786
(North America – Toll Free). Participants should dial in at least 10 minutes prior to the scheduled start time and ask to
join the call. A recorded version of our call will be posted to our website in the Investor Relations section within 24 hours.
“We are pleased to be releasing these much anticipated results from the initial phase of our upper-level drilling program
and look forward to discussing these results and to provide a corporate update to our current and potential
stakeholders,” stated Sam Ash, CEO. Mr. Ash continued, “This represents another very important step towards us
completing our restart PEA (preliminary economic assessment) and promptly moving towards production. I am proud
of our team here on the ground for delivering these results ahead of schedule, while continuing or stated commitment
to safety and sustainable development.”
Bunker Hill Mine is the largest historical mine in Idaho’s prolific mining friendly Silver Valley. The Bunker Hill mine has
produced over 42M tons yielding more than 165M ounces of silver, 3.6M tons of lead and 1.4M tons of zinc. For details
see Company’s Technical Report as announced in the October 19, 2020 press release which is filed on www.sedar.com.
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 NI 43-101 and is acting at the Qualified Person for the Company. He has
reviewed and approved the technical information summarized in this news release.
About Bunker Hill Mining Corp.
Bunker Hill Mining Corp. has an option to acquire 100% of all saleable assets at the Bunker Hill Mine. Information about
the Company is available on its website, www.bunkerhillmining.com, or within the SEDAR and EDGAR databases.
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 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 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. 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.
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 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; 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 to the Lessor and the U.S. EPA 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. 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.
Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources
This press release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the
requirements of U.S. securities laws. Unless otherwise indicated, all resource and reserve estimates included in this press release have been disclosed
in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards on Mineral Resources and
Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an
issuer makes of scientific and technical information concerning mineral projects. Canadian disclosure standards, including NI 43-101, differ
significantly from the requirements of the United States Securities and Exchange Commission (“SEC”), and resource and reserve information
contained in this press release may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the
generality of the foregoing, the term “resource” does not equate to the term “reserves”. Under U.S. standards, mineralization may not be classified
as a “reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time
the reserve determination is made. The SEC’s disclosure standards normally do not permit the inclusion of information concerning “measured
mineral resources”, “indicated mineral resources” or “inferred mineral resources” or other descriptions of the amount of mineralization in mineral
deposits that do not constitute “reserves” by U.S. standards in documents filed with the SEC. Investors are cautioned not to assume that any part
or all of mineral deposits in these categories will ever be converted into reserves. U.S. investors should also understand that “inferred mineral
resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be
assumed that all or any part of an “inferred mineral resource” will ever be upgraded to a higher category. Investors are cautioned not to assume
that all or any part of an “inferred mineral resource” exists or is economically or legally mineable. Disclosure of “contained ounces” in a resource is
permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute
“reserves” by SEC standards as in-place tonnage and grade without reference to unit measures. The requirements of NI 43-101 for disclosure of
“reserves” are also not the same as those of the SEC, and reserves disclosed by the Company in accordance with NI 43-101 may not qualify as
“reserves” under SEC standards. Accordingly, information concerning mineral deposits contained in our website may not be comparable with
information made public by companies that report in accordance with U.S. standards.