Burlington, Ontario--(Newsfile Corp. - February 26, 2026) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ("SBMI" or "the Company") is pleased to provide historical technical information related to its two recent acquisitions, the Columbia Mine and the Gold Queen Mine. These past producing mines are contiguous to each other located in Gila County, Arizona, roughly 30 miles from the Company's mill in Globe, Arizona.The Company has repeatedly spoken of its hub and spoke business model, commencing in ...

Core Insights - Silver Bullet Mines Corp. (SBMI) has reported positive results from its autumn exploration program at the Washington Mine in Idaho, indicating significant potential for high-grade precious metals [1][7]. Exploration and Development - The autumn exploration included rehabilitation of a historical adit, core drilling to test the Subrosa silver-gold structure, and extraction of a near-surface bulk sample from the Washington Silver Vein [3][5]. - Thirteen surface samples collected from a quartz vein near the Washington Mine shaft averaged 33.9 ounces of silver per ton, with values ranging from trace to a high of 269 ounces per ton, comparable to historical data from 1981 [4]. - A limited underground drilling program has been initiated to further evaluate gold mineralization associated with an 11-foot wide intrusive dike, with plans for additional core drilling in spring 2026 [5][6]. Financial Updates - SBMI announced the exercise of several warrants, generating proceeds of $588,033 from the exercise of 3,601,667 warrants at various strike prices [9].

Burlington, Ontario--(Newsfile Corp. - January 30, 2026) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ("SBMI" or "the Company") is pleased to announce it has received its first payment for concentrate from its Arizona Mining Operations.The first shipment of gold/silver concentrate consisted primarily of waste material from the KT Mine and SC Mine was received by the Buyer on October 29, 2025. The Company has now completed five shipments of gold/silver concentrate and is currently processing mine ...

Core Viewpoint - Silver Bullet Mines Corp. has discovered a new potential high-grade silver/gold zone during the development of its KT Mine in Arizona, which may be an offshoot of the main KT vein or a new parallel vein [1][2]. Group 1: Discovery and Sampling - Initial sampling from the new zone yielded significant high-grade silver, with assays ranging from seven to twenty-seven ounces per ton [2]. - The newly discovered zone shows a different mineralization pattern compared to the main KT vein, indicating high-grade silver with gold rather than high-grade gold with silver [2]. Group 2: Geological Evaluation and Excavation - The geological team is developing a plan to advance the new discovery, with ongoing excavation to expose further mineralization along the vein [4]. - A vein over 200 feet in length has been identified, with a surface width of approximately 8 feet, though its relation to the main KT vein remains uncertain [4]. Group 3: Processing and Business Model - The company has removed a 200-ton bulk sample from the new zone for processing at its nearby mill, with results expected shortly [5]. - SBMI operates on a hub and spoke model, allowing for quick evaluation and advancement of new opportunities as they arise, positioning the company well to meet the growing demand for silver and gold [6]. Group 4: Ongoing Operations and Future Plans - Processing of material from the KT main zone continues, with multiple shipments of concentrate already completed and mining expected to commence soon [8]. - The company anticipates an increase in the head grade of the underground material as operations progress [8]. Group 5: Financial Developments - Recent exercises of warrants have provided the company with additional working capital, totaling 4,684,167 warrants at a strike price of $0.16 and 1,923,334 warrants at $0.17 during Q1 and Q2 of fiscal 2026 [11][12].

Core Viewpoint - Silver Bullet Mines Corp. has signed a one-year agreement for direct shipping material from the KT Gold Mine and SC Silver Mine, indicating a strategic move to enhance revenue and operational efficiency [1][7]. Group 1: Agreement Details - The agreement is set for one year starting December 16, 2025, with options for annual renewals [1]. - The client is a significant industry player, and the company perceives minimal counterparty risk [1]. - The initial tonnage for direct shipping is up to 12,000 tons for calendar 2026, with potential for larger purchases [3]. Group 2: Operational Impact - The material will be crushed to ¼ inch at the mine sites and shipped without processing through the SBMI mill [3][2]. - The company is evaluating cost-effective methods for crushing and loading the material, with shipping expected to start in Q1 2026 [4]. - Necessary equipment for processing has begun acquisition and is anticipated to be readily available [4]. Group 3: Financial Aspects - The company will receive a provisional payment of 80% of the estimated shipment value within five days of documentation receipt, with the final balance paid after determining weights and assays [5]. - Payments will be based on the mean of daily US$ LMBA quotations for gold and silver at the processing date [5]. Group 4: Strategic Growth - The agreement is seen as a significant revenue generator, leveraging the potential of the KT and SC Mines [7]. - The increase in precious metal prices allows the company to recover lower-grade materials that were previously unsellable [7]. - The company plans to focus on higher-grade material from underground at KT while increasing daily volumes and expanding mill throughput [7]. Group 5: Additional Announcements - The company has processed approximately 11,500 lbs of concentrate in its fourth batch, ready for pickup [8]. - It has incurred interest expenses of $62,082 related to convertible debentures, to be paid through the issuance of common shares [8].

Core Viewpoint - Silver Bullet Mines Corp. has successfully processed and shipped high-grade gold/silver concentrates from its KT Gold Mine in Arizona, with ongoing plans for regular shipments to the Buyer [1][2][4]. Shipment Details - The first shipment consisted of approximately 4000 pounds of concentrate from the KT Gold Mine, received by the Buyer on October 29 [1]. - A second shipment of about 2500 pounds from the KT Gold Mine is scheduled for pickup this week [2]. - The Company is processing additional surface material from the KT Gold Mine to support a third shipment, aiming for biweekly shipments of 2500 to 4000 pounds each [4]. Assay Results and Concentrate Quality - Initial assay results from the SC Mine indicate all concentrate samples tested returned values above detection limits, but the Company sees greater value in concentrates from the KT Mine and will not allocate significant resources to the SC Mine at this time [6]. - The Company is awaiting the Buyer's assay results to determine the precise value of the shipments [5]. Processing and Production Insights - The Company utilizes gravitational processes to separate metals with higher specific gravity, such as gold and silver, from the host material [9]. - The focus is on producing high-grade concentrates to minimize refining and transportation costs, although the concentration ratio for the KT Mine is not yet established [8][12]. Management and Corporate Updates - John MacKenzie has rejoined the board of directors, bringing extensive experience in the mining and metals industry [13]. - The Company has issued 258,675 shares as interest payment related to outstanding debentures [14].

Core Points - Silver Bullet Mines Corp. has shipped its first commercial quantity of gold and silver concentrate from the KT Mine in Arizona, marking a significant milestone for the company [1][2][4] - The company has retired significant convertible debt instruments, which has improved its balance sheet [6] - The exercise of warrants has provided additional working capital, indicating strong support for the company's business model [7] Shipment Details - The high-grade gold/silver concentrate was picked up for transport on October 23, 2025, with expectations for frequent scheduled shipments [2] - Payment for the first shipment will be made upon receipt of final assays, with adjustments based on any discrepancies anticipated to be minimal [3] Financial Impact - The shipment represents significant revenue for the company, aligning with its focus on selling silver and gold rather than merely mining [4] - The company plans to increase the quantity and frequency of shipments over time, enhancing revenue generation [4][8] Operational Expansion - SBMI intends to expand daily processing capacity at its mill in Globe, Arizona, through extended working hours and improved efficiencies [5] - Plans are in place to construct a flotation circuit to recover additional metals, including sulphide gold and silver [5] Debt Management - The full conversion of convertible debentures issued in October 2024 to shares has significantly reduced the company's debt [6] - The exercise of 2,830,000 warrants at a strike price of $0.16 has further bolstered the company's financial position [7] Consultant Agreement - The company has entered into a consulting agreement for a period of thirty-six months, compensating the consultant with common shares [9]

Core Insights - Silver Bullet Mines Corp. has successfully increased the concentrate grade of gold from its KT Mine in Arizona to over 27 ounces per ton, indicating significant improvements in the milling process [1][6][10] - The company has discovered visible gold in the latest blast material, with approximately 150 to 200 tons of this material ready for shipment to the mill [5][10] - The company anticipates further increases in grades as it transitions from surface material to underground vein material, with recent assays showing a head grade of 0.8 ounces per ton gold [6][10] Company Developments - The company has processed around 125 tons of material, resulting in over 2 tons of high-grade concentrate, and plans to reduce waste material while increasing higher-grade material as it moves towards full underground mining [7][10] - Silver Bullet Mines is committed to a hub and spoke business model, processing varied materials from multiple properties, including KT and SC Mines, which are expected to generate significant revenue [9][10] - Cash flow from concentrate sales will be used to upgrade the mill for increased capacity and to fund a detailed exploration program in Arizona, aiming to minimize the need for further financing [11][12] Industry Context - The CEO of Silver Bullet Mines believes there is a renewed appreciation for small-scale mining operations, suggesting that the company could lead a renaissance in high-grade precious and base metal mining [10] - The company is optimistic about the future of its operations, particularly with the high-grade gold and silver being produced, which is expected to provide substantial material for processing [10][11]

Core Viewpoint - Silver Bullet Mines Corp. is initiating Phase Two of its development program at the Washington Mine following a successful summer exploration program, indicating strong potential for both near-term processing and long-term mining operations [1][2]. Phase One Summary - Phase One involved the completion of a 12 foot x 12 foot adit for access to multiple mineralized zones and the establishment of underground drill stations to define the geometry of these zones [2]. - Detailed surface exploration during Phase One identified multiple gold and silver targets, including the Berger and Lindgren Veins, and the site of the original discovery from the 1890s [3]. Phase Two Development - Phase Two will include opening the recently discovered Subrosa Adit and mining a bulk sample, which is believed to contain significant high-grade silver and gold [5]. - A key component of Phase Two is the processing of mined material, with the company evaluating a proposal from a local mill and considering the installation of a modular mill on-site [6]. Future Steps - After processing the bulk sample and receiving lab results, the company plans to open the Washington silver/gold zone and access the Berger Vein [7]. Other Developments - In Arizona, the company is awaiting results from a third-party multi-element analysis on concentrate from the Super Champ Mine, which will facilitate the sales process with a previously identified buyer [9]. - The company has granted 4,000,000 stock options to officers, directors, and consultants, which vest immediately and are exercisable at $0.30 [9].

Core Viewpoint - Silver Bullet Mines Corp. (SBMI) has reported highly successful results from a bulk sample taken from the KT Mine in Arizona, indicating significant gold and silver values that align with historical data from the previous owner [1][4]. Group 1: Acquisition and Sampling - SBMI acquired the KT Mine on July 23, 2025, and processed approximately 50 tons from a 400-ton waste material sample, yielding an average of 0.3 oz/ton gold, with peaks of 1.8 oz/ton [2]. - Additional random samples from the concentrate were sent to Activation Laboratories Ltd. for analysis, revealing gold values as high as 23.6 oz/ton and silver values reaching 28 oz/ton [3]. Group 2: Processing and Operations - The company is currently shipping more material from the KT Mine to the mill for processing to produce a concentrate for sale [4]. - SBMI has improved site access and secured the area, with ongoing efforts to define the vein structure, which has been traced for over 1000 feet [5][6]. Group 3: Future Prospects - The KT property and the Super Champ Mine are believed to have significant potential for high-grade gold and silver production, prompting SBMI to work on increasing mill capacity and adding circuits for mineral recovery [9]. - The company is awaiting results from a third-party multi-element analysis on concentrate from the Super Champ Mine to advance the sales process [10].