Mr. Giordy Belfiore of Silver47 reports

SILVER47 ANNOUNCES SHAREHOLDER AND COURT APPROVALS FOR PLAN OF ARRANGEMENT WITH BUNKER HILL

Shareholders of Silver47 Exploration Corp. have approved the previously announced plan of arrangement under the Business Corporations Act (British Columbia) involving Silver47 and Bunker Hill Mining Corp., pursuant to which Bunker Hill will acquire all of the issued and outstanding common shares of Silver47, and the Supreme Court of British Columbia has granted the final order approving the arrangement.

The arrangement was approved at Silver47's special meeting of shareholders held on Oct. 27, 2026, by: (i) 97.57 per cent of the votes cast by shareholders present in person or represented by proxy and entitled to vote at the meeting; and (ii) 96.48 per cent of the votes cast by shareholders present in person or represented by proxy and entitled to vote at the meeting, excluding votes cast by certain shareholders that were required to be excluded pursuant to Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions.

On Nov. 2, 2026, the court granted the final order approving the arrangement.

Subject to obtaining all remaining required approvals and the satisfaction or waiver of all remaining conditions to closing, the arrangement is expected to close on or about Nov. 5, 2026. Pursuant to the arrangement, shareholders will receive 0.1724 of a share of common stock of Bunker Hill for each share held.

Following closing of the arrangement, the shares are expected to be delisted from and/or cease trading on the TSX Venture Exchange, the OTCQX and the Frankfurt Stock Exchange as soon as practicable following completion of the arrangement. Following the delisting, it is anticipated that Silver47 will apply to cease to be a reporting issuer under applicable Canadian securities laws.

For a more detailed description of the arrangement, please refer to Silver47's management information circular dated Sept. 24, 2026, available under the company's profile on SEDAR+ and on the company's website.

About Silver47 Exploration Corp.

Silver47 Exploration is a mineral exploration company focused on uncovering and developing silver-rich deposits in North America. Silver47 is creating a leading high-grade U.S.-focused silver developer with a combined resource totalling 236 million ounces silver equivalent at 334 grams per tonne AgEq inferred and 10 million ounces AgEq at 333 g/t AgEq indicated. With operations in Alaska, Nevada and New Mexico, Silver47 is anchored in some of America's most prolific mining jurisdictions. For detailed information regarding the resource estimates, assumptions and technical reports, please refer to the National Instrument 43-101 technical reports and other filings available on SEDAR+. Silver47 trades on the TSX-V under the ticker symbol AGA and on the OTCQX under the ticker symbol AAGAF.

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