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SBMI.V ·

Silver Bullet Receives MSHA Approval

Permits & Approvals

Silver Bullet Receives MSHA Approval

January 23, 2024 - Burlington, Ontario – Silver Bullet Mines Corp. (TSXV:SBMI and

OTCQB:SBMCF) (‘SBMI’ or ‘the Company’) is pleased to announce as part of its ongoing

transformation to a silver producing company, it has submitted and received approval for its

mine training program from the Mine Safety and Health Association (“MSHA”), part of the

United States Department of Labor. This MSHA approval covers the training program for both

SBMI’s underground and surface operations. The approval process included three onsite

inspections by MSHA and the completion by SBMI of a detailed safety operations program.

The field team in Arizona is currently attending the annual training program which will be

completed this week, following which the field team intends to address any outstanding safety-

related items, develop the silver higher-grade Zone1, and commence commercial operations.

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.