Bunker Hill Provides November 2022 Project Restart Update
BUNKER HILL PROVIDES NOVEMBER 2022 PROJECT RESTART UPDATE
Live 6ix Summit Tuesday December 6 @ 2:00pm ET / 11:00am PT
HIGHLIGHTS
• Abatement of maintenance shop complete, demolition to prepare for new mill building underway
• Commitment made to new Bunker Hill pre-engineered mill building design and vendor
• Underground decline advances to within 300 feet of breakthrough to 6-Level
• Preparation for Wardner Power upgrade advanced with pole locations surveyed, cable corridor cleared,
transformers set and air switch and electrical ancillaries received on site
• CEO Sam Ash and CFO David Wiens to host interactive 6ix investor event, Tuesday December 6 at
2:00pm ET / 11:00am PT. Investors are invited to register at: [LINK]
TORONTO, December 1, 2022 – Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR, OTCQB: BHLL) is pleased
to provide an update on restart project activities during the month of November 2022.
Sam Ash, CEO stated: “With the Pend Oreille demobilization complete, our full focus in November was at Bunker
Hill, with excellent progress made above and below ground. We are excited about declaring three major
milestones in the near future: full demolition of the maintenance shop in preparation for mill construction, the
safe and successful breakthrough to the 6 -Level, and the purchase of the ball mill that is capable of i ncreasing
production throughput levels to 2,100 tons per day, subject to future detailed mine planning and engineering.”
DEMOLITION ACTIVITIES IN PREPARATION FOR MILL CONSTRUCTION
After successful demolition activities at Pend Oreille, the team’s focus switched to preparation for the demolition
of the maintenance shop on site at Bunker Hill. As reported in the Company’s news release of November 3, 2022,
the Company selected Rivers Edge Environmental Services, a fully licensed remediation, excavation and
demolition company headquartered in Washington State, USA for this work. Activity in November began with the
abatement phase that included removal, after necessary permits were first procured, of the roofing and side
shingles of the structure, in accordance with hazardous assessment protocols. After successful completion of this
work the windows were removed from the structure, allowing general demolition to commence at the end of
November. Full building demolition is expected by the end of 2022. Thereaf ter, focus will switch to removal of
the historic concrete base in preparation for more substantial foundations to support mill construction. The full
demolition scope also includes removal of a pre-existing retaining wall and some earthworks.
Demolition of the maintenance shop in preparation for mill construction is now fully underway
COMMITMENT TO NEW BUNKER HILL MILL BUILDING AND FINALIZATION OF DESIGN
After evaluating multiple options, the Bunker Hill team has committed to a final design for a Pre-Engineered Metal
Building (the “PEMB”) to house the mill, once constructed. The design is bespoke for the finalized equipment
arrangement, is fully compliant with all building and environmental codes and regulations, and will house a full -
length o verhead crane that is compatible with planned equipment mezzanine levels. The timing of the
commitment aligns fully with the planned project restart timeline and represents a key long-lead item.
Concurrent with the PEMB focus, the project team has significantly advanced engineering on a concentrate load-
out building, has selected a vendor for the ore silo structure, and has progressed conveyor and crusher designs.
Bunker Hill has committed to its PEMB of choice
UNDERGROUND DEVELOPMENT NEARING BREAKTHROUGH TO 6 LEVEL
As part of the restart plan the 1,800-foot decline from the 5-Level (the highest accessible level of the mine) to the
6-Level is nearing completion, wi th less than 300 feet remaining. Breakthrough is anticipated at approximately
the end of 2022, at which point the focus of underground activities will switch to rehabilitation of the pre-existing
decline from the 6-Level to the 8-Level. During November, the ventilation drift adjoining this decline was advanced
to support the long-term ventilation plan and adjustments were made to the existing ventilation plan to ensure
optimal conditions are maintained through to breakthrough.
The decline from 5 Level to 6 Level has less than 300 feet remaining
WARDNER POWER UPGRADE
At the Wardner area, which serves as the above -ground base for mining operations, ongoing activities include
preparation for a significant power upgrade which will reduce dependence on diesel generators and enable access
to lower-cost, reliable green power. During the course of November, activities included clearing a corridor across
the Bunker Hill property for cables, setting a transformer, surveying pole locations and inspecting and audit ing
equipment that arrived on site including the air switch and pole ancillaries. The power upgrade will include
support from Avista to upgrade the external supply capacity and is planned for completion in early 2023.
QUALIFIED PERSON
Mr. Scott E. Wilson, CPG, President of RDA and a consultant to the Company, is an independent “qualified person”
as defined by Canadian 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 the Bunker Hill Mining Corp, intends to sustain ably restart and develop the
Bunker Hill Mine as the first step in consolidating a portfolio of North American mining assets with a focus on
silver. Information about the Company is available on its website, www.bunkerhillmining.com, or within the
SEDAR and EDGAR databases.
For additional information contact:
David Wiens, CFA
CFO & Corporate Secretary
+1 208 370 3665
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. A lthough
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, the envisaged outcomes from the PFS, the capabilities of the
ball mill, estimated completion time for the demolition of the Pend Oreille site, the timing of the planned r estart
of the Bunker Hill Mine, Strike’s ability to refine the master schedule for the project and drive engineering and
other studies, the decline of the ramp at the Bunker Hill Mine’s facilitation of access to existing internal ramp
systems and the accre tive opportunities identified in the PFS. Factors that could cause actual results to differ
materially from such forward-looking information include, but are not limited to: the Company’s inability to raise
capital, including completion of the proposed public offering as publicly disclosed on November 22, 2022; 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 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 speci alized 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 reco very, 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 Com pany 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 , including the
Company’s preliminary prospectus dated November 21, 2022, and in the Company’s filings with the Securities and
Exchange Commission. 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.