Mr. Sam Ash reports

BUNKER HILL ANNOUNCES FINAL TRANCHE OF SILVER LOAN FACILITY

Bunker Hill Mining Corp. has closed the seventh and final tranche of the previously announced silver loan with Monetary Metals Bond III LLC, an entity established by Monetary Metals & Co., in the principal amount of $4,763,110.38 (U.S.), being the amount of U.S. dollars equal to 50,958 ounces of silver as of the date such amount was advanced to the limited liability company.

Sam Ash, president and chief executive officer, said: "We appreciate the continued partnership and support from Monetary Metals in delivering this innovative silver-linked financing. The successful completion of all seven tranches demonstrates the strength of our project and our ability to execute on complex, non-traditional funding solutions. With the silver loan now fully drawn, we remain focused on advancing Bunker Hill toward restart while maintaining a disciplined approach to capital management."

Final tranche of silver loan

As further described in the news releases dated June 7, 2024, and Aug. 8, 2024, MM, through the LLC, has agreed to loan the company a principal amount of US. dollars equal to up to 1.2 million ounces of silver to be advanced in one or more tranches, in support of the restart and continuing development of the Bunker Hill mine. On Aug. 8, 2024, the company closed on the first tranche of the silver loan in the principal amount of $16,422,039 (U.S.), being the amount of U.S. dollars equal to, as of Aug. 8, 2024, 609,805 ounces of silver, and on Sept. 24, 2024, the company closed on the second tranche of the silver loan in the principal amount of $6,369,000 (U.S.), being the amount of U.S. dollars equal to, as of Sept. 24, 2024, 200,000 ounces of silver. As described in the news release dated Nov. 6, 2024, an additional principal amount of $6,321,112 (U.S.), the amount of U.S. dollars equal to, as of Nov. 6, 2024, 198,777 ounces of silver, was advanced in connection with the silver loan. As described in the news release dated Nov. 13, 2024, an additional principal amount of $1.25-million (U.S.) being the amount of U.S. dollars equal to, as of the date such amount was advanced to the LLC, 39,620 ounces of silver, was advanced in connection with the silver loan. As described in the news release dated Dec. 31, 2024, an additional principal amount of $1,478,847 (U.S.), being the amount of U.S. dollars equal to, as of the date such amount was advanced to the LLC, 50,198 ounces of silver, was advanced in connection with the silver loan. As described in the news release dated Nov. 10, 2025, an additional principal amount of $2,521,215 (U.S.), being the amount of U.S. dollars equal to, as of the date such amount was advanced to the LLC, 50,384 ounces of silver, was advanced in connection with the silver loan.

As further described in the news releases dated Aug. 8, 2024, Sept. 25, 2024, Nov. 13, 2024, Dec. 31, 2024, and Nov. 10, 2025, the company has issued to MM: (i) 1,280,591 non-transferable bonus share purchase warrants in connection with first tranche; (ii) 400,000 warrants in connection with the second tranche; (iii) an aggregate 476,793 warrants in connection with the third and fourth tranches; (iv) 100,397 warrants in connection with the fifth tranche; and (v) 742,219 warrants in connection with the sixth tranche. As of the date hereof, three million warrants have been issued to MM under the silver loan. No warrants are bring issued in connection with the final tranche.

About Bunker Hill Mining Corp.

Bunker Hill is a United States-based mineral exploration and development company advancing the restart of the historic Bunker Hill mine, a past-producing zinc, lead and silver asset located in northern Idaho's prolific Coeur d'Alene mining district. One of the most storied base and precious metal areas in North America, the Silver Valley has a long history of production and established infrastructure. The company is focused on unlocking the remaining value of this high-quality brownfield asset through modern exploration, disciplined project development and responsible mining practices. With a singular strategic focus on Bunker Hill, the company is positioned to maximize shareholder value while revitalizing a cornerstone asset in a premier American mining jurisdiction.

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