Silver Bullet Mines Increases Concentrate Gold Grade to 27 oz/ton from KT Mine, Arizona and Sees Visible Gold at KT Mine, Arizona

Executive Summary

• Silver Bullet Mines reports a substantial increase in KT Mine concentrate grade to >27 oz/ton Au, with visible gold and lead/silver lines observed on the shaker table.
• Approximately 150‑200 tons of newly blasted material containing visible gold are ready for shipment; underground assays returned 0.8 oz/ton Au as of Sep 25, 2025.
• The company completed key site work (adit timbering, floor blasting, ventilation, safety upgrades) to transition toward full underground mining and plans to use near‑term cash flow from concentrate sales to upgrade its mill and fund further exploration.

Key Details

• Concentrate Grade: Latest high‑grade concentrate from KT Mine >27 oz Au per ton.
• Visible Gold (VG): 150–200 tons of VG material on site, pending shipment to the mill.
• Underground Assay: Head grade of 0.8 oz/ton Au recorded on Sep 25, 2025.
• Processing History: ~125 tons processed to date (mix of waste and new material) yielding >2 tons high‑grade concentrate.
• Site Improvements:
• Timbered and fire‑proofed adit opening.
• Blasted floor (~4 ft) for better underground access.
• Installed ventilation system.
• Prepared rock‑bolting plan and completed MSHA/Department of Mines safety upgrades.
• Business Model: Hub‑and‑spoke mill serving KT, SC, and other nearby properties; focus on scaling high‑grade gold (KT) and silver (SC) production.
• Cash Flow Allocation:
• Upgrade mill capacity & add sulphide processing capability.
• Enhance assay facility for multi‑metal analysis (Au, Pb, Cu, Zn).
• Fund detailed Arizona exploration program slated for late 2025/early 2026 and general working capital.
• Consultant Agreement: 36‑month consulting services at $10,000/month paid in common shares; shares issued: 187,500 @ $0.16 (June 27, 2025) and 113,208 @ $0.265 (Sept 22, 2025).
• Third‑Party Lab Results: Multi‑element analysis of KT concentrate pending; SC concentrate assay results also awaited to advance sales with identified buyer (July 9, 2025 agreement).
• Recent Weather Impact: Historic rain event caused no equipment damage; operations resumed after minor cleanup.

Notable Quotes

“Historically small mines made up the backbone of the mining industry and we believe that is coming back. We believe that SBMI will be one of the leaders in this renaissance of small‑scale high‑grade precious/base metal mining.” – John Carter, CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the release.