Burlington, Ontario — January 5, 2026 — Leads & Copy — Silver Bullet Mines Corp. has announced the discovery of a potential high-grade silver/gold zone during the development of its KT Mine in Arizona.
The company’s geological team, led by in-house geologist Nick Barr, is developing a plan to further evaluate the new discovery, which is located near the KT Mine. It is not yet known if it is an offshoot of the main KT vein or a new vein parallel to it.
Initial sampling and panning of the mineralized material showed significant high-grade silver, along with gold and lead. Twelve samples were taken, and in-house assay results ranged from seven to twenty-seven ounces per ton of silver. These results are being sent to a third-party lab for confirmation. The area differs from the main KT vein, as the new zone indicates high-grade silver with gold, versus high-grade gold with silver in the main zone. Silver Bullet Mines Corp. cautions that samples are random and may not represent the new zone as a whole.
Silver Bullet Mines Corp. is excavating along the vein to provide a more detailed evaluation of the new zone. The company has identified the vein over 200 feet in length and uncovered a roughly 8-foot-wide vein at the surface. Excavation is ongoing to expose further mineralization along the strike.
The company has removed a roughly 200-ton bulk sample for processing at its mill/assay facility near the KT Mine. Results from that material are ongoing and will be available soon. The material from the newly discovered zone will be processed into concentrate and sold to the same buyer who is already buying concentrate from the company.
Silver Bullet Mines Corp.’s business plan is based on a hub and spoke model, with the mill being the hub. The company says owning its own processing complex enables it to quickly evaluate and advance opportunities as new targets are identified, allowing for fast, accurate decisions based on clear facts and numbers. This positions the company to meet the increasing demand for silver and gold, and it intends to expand production capacity in the near future.
Processing of material from the KT main zone continues. Four shipments of concentrate from that material have occurred to date, with a fifth shipment scheduled for pickup this week. Underground development at the KT has been completed, and the company anticipates mining to commence this week. Silver Bullet Mines Corp. believes the head grade of the underground material should increase significantly.
The first shipment of concentrate was received by the buyer on October 29, 2025. The buyer has carried out its standard internal procedures to process that shipment, including sending samples of that concentrate to two independent labs for assay on December 16, 2025. Those labs are currently assaying the concentrate samples, and results are expected imminently. Subsequent batches from Silver Bullet Mines Corp. might not require this degree of analysis.
The company anticipates payment for the first shipment to be made immediately upon receipt of the comparison results, assuming no major discrepancies exist.
Silver Bullet Mines Corp. is evaluating the results from its fall development program at the Washington Mine in Idaho and will provide an update soon.
1,923,334 warrants previously issued in connection with a private placement have been exercised at a strike price of $0.17, and 625,000 warrants previously issued in connection with convertible debentures have been exercised at a strike price of $0.16. The exercise of warrants provides the company with additional working capital. The cumulative exercise of warrants during Q1 and Q2 of fiscal 2026 include 4,684,167 warrants at a strike price of $0.16 and 1,923,334 warrants at a strike price of $0.17.
The samples described in the release were analyzed by Silver Bullet Mines Corp. at its in-house facility near Globe, Arizona.
Mr. Robert G. Komarechka, P.Geo., an independent consultant, has reviewed and verified Silver Bullet Mines Corp.’s work referred to in the release and is the Qualified Person for this release. Mr. Komarechka was not at the site when the samples were collected.
Contact:
John Carter
Silver Bullet Mines Corp., CEO
cartera@sympatico.ca
+1 (905) 302-3843
Peter M. Clausi
Silver Bullet Mines Corp., VP Capital Markets
pclausi@brantcapital.ca
+1 (416) 890-1232
Source: Silver Bullet Mines Corp.
