Silver Bullet Mines receives first Arizona payment

Executive Summary

• Silver Bullet Mines Corp. has received its first payment for gold/silver concentrate from its Arizona mining operations, marking a transition from development and ramp-up activities to cash-generating operations.
• The company has completed five shipments of concentrate, primarily consisting of waste material from the KT and SC mines, with the sixth shipment currently in processing.
• Management anticipates that subsequent shipments will increase in both tonnage and grade, with regular payments expected as operational conditions and market factors develop.

Key Details

• First Payment Received: The company received its first payment for concentrate from Arizona operations.
• Shipment History: Five shipments of gold/silver concentrate have been completed; the sixth shipment is currently being processed.
• Source Material: The initial shipments consisted primarily of waste material from the KT mine and SC mine.
• Operational Status: The company is transitioning from development/ramp-up to cash-generating operations.
• Future Outlook: Management reasonably believes subsequent shipments will increase in both tonnage and grade.
• Payment Schedule: The company expects to receive payments on a regular basis as operational conditions, processing schedules, and market factors develop.
• Confidentiality: Specific details of the payments are confidential and cannot be disclosed.

Notable Quotes

• "This is a significant step forward for Silver Bullet Mines. Commencing cash received from operations validates the work completed to date on the company's Arizona assets and demonstrates the ability to process material through the production cycle. This is an important milestone in the evolution of the company." — John Carter, Chief Executive Officer