Silver Bullet begins phase 2 development at Washington

Executive Summary

• Silver Bullet Mines Corp. is commencing Phase 2 of its Washington Mine development program, including opening the Subrosa adit and bulk‑sampling for high‑grade silver and gold.
• The company is evaluating processing options: a proposal from a local mill and the potential installation of its own modular mill on‑site.
• Four million stock options were granted to officers, directors and consultants (exercisable at $0.30 per share).

Key Details

• Phase 1 Completion (May 1 2025): Constructed a 12 ft × 12 ft adit providing access to multiple mineralized zones; established underground drill stations for geometry definition.
• Surface Exploration Findings: Identified Berger and Lindgren veins, plus the historic 1890s discovery site; gold panning conducted on several surface locations along vein structures.
• Phase 2 Initiation (Aug 20 2025): Updated agreement with previously announced contract miner to open Subrosa adit and mine a bulk sample believed to contain significant high‑grade silver and gold.
• Processing Evaluation: Received proposal from a local mill to process the bulk sample; also assessing feasibility of installing a company‑designed modular mill at an on‑site location.
• Future Steps Post‑Bulk Sample: Pending lab results, plan to open Washington silver/gold zone and access Berger vein for further development.
• Arizona Project Update: Awaiting third‑party multielement analysis on concentrate from Super Champ mine; results will enable advancement of sales process with identified buyer (July 9 2025).
• Stock Option Grant: Four million stock options granted to officers, directors and consultants; vest immediately, five‑year term, exercisable at $0.30 per share.

Notable Quotes

(No direct quotes provided in the release.)