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SBMI.V ·

Silver Bullet Announces Extension of Silver Purchase Contract

Corporate Updates

Silver Bullet Announces Extension of Silver

Purchase Contract

Burlington, Ontario--(Newsfile Corp. - July 7, 2023) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB:

SBMCF) ('SBMI' or 'the Company') announces the extension of the silver purchase agreement described

in its April 27, 2023 and May 4, 2023 press releases. Effective June 30, 2023, the Purchaser and SBMI

have verbally agreed to extend the term of such agreement to August 31, 2023, and are working towards

reducing such verbal agreement to writing.

The test-run shipment of silver, as described in the Company's June 15, 2023 press release, from SBMI

to the Purchaser has been picked up by the international carrier and is anticipated to arrive at the

Purchaser's home country in the next week or so.

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.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/172795