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SBMI.V ·

Silver Bullet Announces Board Resignation

Management Changes

Silver Bullet Announces Board Resignation

July 5, 2023 - Burlington, Ontario – Silver Bullet Mines Corp. (TSXV:SBMI and

OTCQB:SBMCF) (‘SBMI’ or ‘the Company’) announces the resignation of John MacKenzie from

the Board of Directors effective June 30th. The Company thanks Mr. MacKenzie for his

contribution and wishes him success in all future endeavors.

The board is acti vely engaged in identifying and evaluating alternatives with respect to the

appointment of a new director to fill the vacancy left by Mr. MacKenzie.

For further information, please contact:

John Carter

Silver Bullet Mines Corp., CEO

[email protected]

+1 (905) 302-3843

Peter M. Clausi

Silver Bullet Mines Corp., VP Capital Markets

[email protected]

+1 (416) 890-1232

Cautionary and Forward-Looking Statements

This news release contains certain statements that constitute forward-looking statements as they relate to SBMI and its

subsidiaries. Forward-looking statements are not historical facts but represent management's current expectation of future events,

and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates",

"continues" and similar expressions. Although management believes that the expectations represented in such forward-looking

statements are reasonable, there can be no assurance that they will prove to be correct.

By their nature, forward-looking statements include assumptions, and are subject to inherent risks and uncertainties that could

cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and

when forward-looking statements are set out in this new release, SBMI will also set out the material risk factors or assumptions

used to develop the forward-looking statements. Except as expressly required by applicable securities laws, SBMI assumes no

obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may

be influenced by many factors, including but not limited to: the impact of SARS CoV-2 or any other global virus; reliance on key

personnel; the thoroughness of its QA/QA procedures; the continuity of the global supply chain for materials for SBMI to use in

the production and processing of ore; shareholder and regulatory approvals; activities and attitudes of communities local to the

location of the SBMI's properties; risks of future legal proceedings; income tax matters; fires, floods and other natural

phenomena; the rate of inflation; availability and terms of financing; distribution of securities; commodities pricing; currency

movements, especially as between the USD and CDN; effect of market interest rates on price of securities; and, potential dilution.

SARS CoV-2 and other potential global pathogens create risks that at this time are immeasurable and impossible to define.