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SBMI.V ·

Silver Bullet Mines Corp. Provides Corporate Updates

Corporate Updates

SILVER BULLET MINES CORP. PROVIDES

CORPORATE UPDATES

Burlington, ON. June 21, 20 22. Silver Bullet Mines Corp. (the “ Company” or “ SBMI”)

(TSXV:SBMI) (OTCQB:SBMCF) reports that pursuant to the Annual and Special Shareholder

Meeting, which wa s held in Burl ington, Ontario on June 21, 20 22, shareholders have voted

overwhelmingly in favour of all management resolutions proposed in the Management

Information Circular including the re-approval of SBMI’s Stock Option Plan, the ap proval of

Grant Thornton LLP as SBMI’s auditors, the approval to fix the number of directors at seven, the

approval to amalgamate SBMI with its wholly owned subsidiary Silver Bullet Mining Inc. , and

the approval to change the name of the Company to Silver Bullet Mines Inc.

In addition, John Carter, Peter M. Clausi, J. Birks Bovaird, Ron Murphy, and Eric Balog were re-

elected to the Boa rd of Directors. Mr. Carter will continue as Chief Executive Officer and Mr.

Bovaird will continue as Chair of the Board . Brian Crawford will continue as Chief Financial

Officer and Corporate Secretary.

“We thank the shareholders for their ongoing support of and interaction with SBMI’s leadership

team.” said Mr. Carter, SBMI’s CEO.

Please check the Company’s website www.silverbulletmines.com, or follow on Twitter

@bulletmines or at YouTube “Silver Bullet Mines”.

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

Silver Bullet Mines Corp. t rades on the TSX Venture Exchange under the symbol SBMI and on the OTCQ B

Venture Market under the symbol SBMCF. The OTCQB Venture Market is for early stage and developing U.S. and

international companies. Companies listed there are current in their reporti ng and undergo an annual verification and

management certification process. Investors can find current financial dis closure for the Company on

www.otcmarkets.com and at https://money.tmx.com/en/quote/SBMI .

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 ca use 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 assumpti ons used to develop the forward -looking statements. Except as expressly

required by applicable securities laws, SBMI assumes n o 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 i n

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

local to the location of SBMI’s properties; price increases related to supply chain issues; risks of future legal

proceedings; income tax matters; fires, floods and other natural phenomena; the rate of inflation; availability and

terms of financing; distribution o f securities; commodities pricing; currency movements, especially as between the

USD and CDN; effect of market interest rates on p rice of securities; and, potential dilution. SARS CoV -2 and other

potential global viruses create risks that at this time are immeasurable and impossible to define.

.