Bunker Hill to issue 72,115 shares for interest payment

Executive Summary

• Bunker Hill Mining Corp. elected to issue 72,115 common shares to fully satisfy $262,500 USD in accrued interest on its Series 1 and Series 2 secured convertible debentures.
• Shares will be issued at $3.64 USD per share, calculated as 90% of the 10-day volume-weighted average trading price during the March 16–27, 2026 pricing period.
• The issuance includes a related-party transaction with Sprott Private Resource Streaming and Royalty Corp. for 68,681 shares, which is exempt from formal valuation and minority shareholder approval under Multilateral Instrument 61-101.

Key Details

• Total Shares Issued: 72,115 common shares
• Total Interest Satisfied: $262,500 USD
• Series 1 Debentures: 20,604 shares issued to satisfy $75,000 USD in interest; matures March 31, 2028
• Series 2 Debentures: 51,511 shares issued to satisfy $187,500 USD in interest; matures March 31, 2029
• Issue Price: $3.64 USD per share (approximately $5.05 CAD)
• Pricing Mechanism: 90% of the 10-day VWAP on the applicable stock exchange during the pricing period (March 16, 2026 – March 27, 2026)
• Related Party Transaction: 68,681 shares issued to managed accounts of Sprott Private Resource Streaming and Royalty Corp.
• Regulatory Exemptions: Relies on exemptions from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101, as neither the fair market value of the interest shares nor the consideration received exceeds 25% of the company's market capitalization
• Filing Status: No material change report was filed 21 days prior to the election, as the pricing period concluded on March 26, 2026.