Mr. Richard Williams reports

BUNKER HILL ANNOUNCES BOARD UPDATE

Gary Thompson has resigned from the board of directors of Bunker Hill Silver Corp., effective Nov. 10, 2026. Mr. Thompson's resignation, mutually agreed, supports Mr. Thompson's need to balance his other commitments and the company's goal to maintain an appropriate mix of independent and executive directors on its board, in connection with continuing preparations for a potential listing of the company's shares on a U.S. national securities exchange.

Mr. Thompson, who played a key role in advancing the arrangement between the company and Silver47 Exploration Corp., was appointed to the board on completion of the arrangement. Prior to serving on the board, Mr. Thompson served as executive director of Silver47 since its inception in 2021, now a wholly owned subsidiary of Bunker Hill. Mr. Thompson's decision was not the result of any disagreement with the company on any matter.

Richard Williams, Bunker Hill's executive chairman, stated: "On behalf of the Bunker board and management, I want to thank Gary for everything he has contributed to bringing the transaction with Silver47 to a successful close and for engaging constructively with the board as we prepare for a potential future U.S. listing. We wish him all the best with his current and future assignments."

In furtherance of the company's commitment to strong corporate governance and as the company continues to pursue a listing on a U.S. national securities exchange, the governance and nominations committee of the board has commenced a search for an additional two independent directors and expects to make an appointment in the coming months. There is no guarantee that the company's shares will be listed on a U.S. national exchange.

About Bunker Hill Silver Corp.

Bunker Hill Silver is a U.S.-focused mining company building a modern, long-life operation at its flagship Bunker Hill mine in northern Idaho's prolific Silver Valley, complemented by a pipeline of high-grade silver development projects across North America. With production now under way, the company is advancing the Bunker Hill mine toward commercial production of zinc, lead and silver concentrates while pursuing opportunities to optimize operations, expand resources and extend mine life.

The Bunker Hill mine sits in one of North America's most abundant and storied mining districts and benefits from established infrastructure, a skilled local work force and a significant mineral resource base. Through its acquisition of Silver47 Exploration, Bunker Hill has added a portfolio of silver-rich projects in Alaska, Nevada and New Mexico, anchoring the company in America's most prolific mining jurisdictions.

Bunker Hill's strategy is focused on disciplined operational execution, responsible mining practices and continued investment in its assets to deliver sustainable production, organic growth and long-term shareholder value.

We seek Safe Harbor.