Silver BULL Announces Voting Results of Annual Meeting of Shareholders
April 19, 2024 OTCQB: SVBL, TSX: SVB
SILVER BULL ANNOUNCES VOTING RESULTS OF ANNUAL MEETING OF
SHAREHOLDERS
VANCOUVER, BC – (April 19, 2024) – Silver Bull Resources, Inc. (TSX: SVB, OTCQB: SVBL) (“Silver Bull” or
the “Company”) is pleased to announce the detailed voting results of the proposals considered at its
annual meeting of shareholders held on April 18, 2024 (the “Meeting”). A total of 12 ,362,808 or 26.1%
of the Company’s issued and outstanding shares were represented at the Meeting.
The following nominees, as listed in Silver Bull’s proxy statement, were re -elected as directors of the
Company:
Director Votes For % Withheld Votes %
Brian Edgar 7,551,897 99.0% 75,776 1.0%
Timothy Barry 7,528,248 98.7% 99,425 1.3%
David Underwood 7,563,101 99.2% 64,572 0.8%
William Matlack 7,551,885 99.0% 75,788 1.0%
Silver Bull is also pleased to announce that the Company’s s hareholders have ratified and approved the
appointment of Smythe LLP, as the Company ’s independent registered public accounting firm , for the
fiscal year ending October 31, 2024 (12,320,713 or 99.8% voted “For”, 25,985 or 0.2% voted “Against”
and 16,110 abstained from voting).
The Company’s shareholders voted to ratify and approve the key persons retention agreement, dated as
of October 13, 2023, by and between the Company and the persons named therein as described in the
proxy statement for the Meeting . D isregarding 1,8 56,146 votes cast by or on behalf of excluded
shareholders (i.e. participants in the agreement and their affiliates) , 5,440,893 or 94.9% voted “For”,
291,482 or 5.1% voted “Against”, and 39,152 abstained from voting.
The Company’s shareholders also voted to approve, on a non -binding advisory basis, the compensation
of the Company’s named executive officers (7,233,105 or 95.4% voted “For”, 349 ,221 or 4.6% voted
“Against”, and 45,347 abstained from voting).
A majority of shareholders voted, on a non -binding advisory basis, for a triennial vote on executive
compensation ( 5,205,668 or 69.3% voted "3 Years", 136,558 or 1.8% voted "2 Years", 2,172,199 or
28.9% voted "1 Year" and 113,248 abstained from voting). In response to the voting results and other
factors, the Company's Board of Directors determined on April 1 8, 2024, that the Company will hold an
advisory vote on named executive officer compensation every three years until the Company's Board of
Directors decides to hold the next shareholder advisory vote on the frequency of advisory votes, which
shall be no later than the Company's annual general meeting of shareholders in 2029.
Full details of the proposals are fully described in the Company’s definitive proxy statement filed on
February 27, 2024 available on SEDAR at www.sedarplus.ca, and on EDGAR at www.sec.gov.
On behalf of the Board of Directors
“Tim Barry”
Tim Barry, CPAusIMM
Chief Executive Officer and Director
INVESTOR RELATIONS:
+1 604 687 5800
Cautionary note regarding forward looking statements: This news release contains forward- looking statements regarding
future events and Silver Bull’s and Arras’s future results that are subject to the safe harbors created under the U.S. Privat e
Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadi an
securities laws. Forward -looking statements include, among others, statements regarding the Mineral Resource estimates for
the Sierra Mojada projects and the development of the project. These statements are based on current expectations, estimates,
forecasts, and projections about Silver Bull’s and Arras’s exploration projects, the industry in which Silver Bull operates and the
beliefs and assumptions of Silver Bull’s management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,”
“intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “may,” variations of such words, and similar expressions and
references to future periods, are intended to identify such forward -looking statements. Forward-looking statements are subject
to a number of assumptions, risks and uncertainties, many of which are beyond our control, including such factors as whether
management’s focus will be as described in this news release, the results of exploration activities and whether the results
continue to support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility an d
level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption “Ri sk
Factors” in Silver Bull’s Annual Report on Form 10 -K for the fiscal year ended October 31, 202 3 and our other periodic and
current reports filed with the SEC and available on www.sec.gov and with the Canadian securities commissions available on
www.sedarplus.ca. Readers are cautioned that forward- looking statements are not guarantees of future performance and that
actual results or developments may differ materially from those expressed or implied in the forward- looking statements. Any
forward-looking statement made by us in this release is based only on information currently available to us and speaks only as
of the date on which it is made. We undertake no obligation to publicly update any forward- looking statement, whether written
or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.