Silver Dollar signs deal to sell Ranger-Page project

Executive Summary

• Silver Dollar Resources Inc. has entered into an asset purchase agreement to sell its 75% interest in the Ranger-Page project (including Government Gulch and Page Mine rights) to Bunker Hill Mining Corp.
• The transaction involves the issuance of 23,333,334 Bunker Hill common shares, valued at a deemed price of $0.15 per share, totaling $3.5 million in consideration.
• The acquisition consolidates the Ranger-Page and Bunker Hill properties into a contiguous land package in Idaho's Silver Valley, aligning with Bunker Hill's plan to restart operations at the Bunker Hill mine in H1 2026.

Key Details

• Transaction Structure: Asset purchase agreement where Bunker Hill Mining Corp. acquires Silver Dollar Resources Inc.'s right, title, and interest in the Ranger-Page project assets.
• Assets Acquired: Silver Dollar's 75% interest in the Government Gulch property, related option rights under the Government Gulch option and joint venture agreement, and the Page Mine mineral rights lease and option agreement.
• Consideration: Total consideration of $3.5 million, payable entirely by the issuance of 23,333,334 Bunker Hill common shares.
• Share Price: Deemed price of $0.15 per share.
• Share Restrictions: Bunker Hill common shares are subject to a statutory six-month hold period and contractual escrow, with release schedules defined in an attached table.
• Finder’s Fees: Silver Dollar will pay finder’s fees to Kluane Capital FZCO and Canal Front Investments Inc., allocated as 1,166,667 Bunker Hill common shares to each party. These shares are subject to the same statutory and contractual escrow restrictions.
• Closing Conditions: Subject to Bunker Hill’s due diligence review regarding title to the Ranger-Page project within 15 business days of the agreement date.
• Expected Closing Date: On or before November 28, 2025.
• Strategic Rationale:
  • Consolidated Land Position: Creates one of the largest prospective holdings in the Silver Valley by uniting Ranger-Page and Bunker Hill properties.
  • Exploration Upside: Historical data indicates high-grade silver-lead-zinc mineralization along the Page vein system, which remains open at depth and along strike.
  • Infrastructure Synergies: Existing underground workings and surface access points offer flexibility for future mine planning, ventilation, and exploration of deeper Bunker Hill levels.
  • Operational Alignment: Supports Bunker Hill’s restart of operations at the Bunker Hill mine, targeted for H1 2026, enhancing upside optionality for resource expansion and mill feed sources.
  • Community Benefits: Potential for increased local employment and procurement from regional suppliers.

Notable Quotes

• Sam Ash, President and CEO of Bunker Hill Mining: "The addition of the Ranger-Page Mines represents another step in our vision to re-establish Bunker Hill as a leading producer in the Silver Valley. The Ranger-Page workings and mineralized zones are geologically continuous with the Bunker Hill system, offering immediate synergies for exploration, development and potential future production."
• Greg Lytle, President and CEO of Silver Dollar: "Amalgamating the Ranger-Page project with Bunker Hill Mining is a strategic and logical transaction that aligns perfectly with the plan we contemplated when we acquired the project last year... Ranger-Page enhances Bunker Hill's exploration prospects and provides Silver Dollar with a strong equity position in a near-term producer, benefiting from the upside of the combined assets."