Mr. John Carter reports

SILVER BULLET MINES CORP. ANNOUNCES MAJOR ACQUISITION OF TWO PAST PRODUCING MINES

Silver Bullet Mines Corp. has added two more past-producing mines in Arizona to its already impressive portfolio.

These acquisitions are further validation of the company's hub and spoke business model, with the company's mill being the hub. These two acquisitions are two additional spokes, providing for possible near-term production, future development and possibly for historical resources that might be advanced to National Instrument 43-101 standards.

These two new acquisitions are the Columbia mine and the Gold Queen mine. These past-producing mines are contiguous to each other and are located in Gila county, Arizona, less than 30 miles from Silver Bullet's mill in Globe, Ariz. These two properties together consist of 12 BLM mineral claims previously held by Phelps Dodge Corp., and host multiple past producing copper, gold and silver mines. The company expects to disclose technical data concerning these two mines in the near future.

The company has carried out due diligence review of the material from the mines at its mill, and has determined the material can be processed at the mill, and is suitable for recovery of the gold, silver and copper. Silver Bullet is taking steps to ensure all requisite permits are current.

Silver Bullet is currently preparing access to the mines. The company plans to immediately evaluate the stockpiles, and if thought advisable will ship some or all of them to its mill to recover what gold, silver and/or copper may be in them. The company is also considering rehabilitating an existing crosscut at the 1,300-foot level.

The goals are to produce a saleable gold, silver and/or copper concentrate and to produce direct ship material (DSO) under contract with a major buyer. The DSO contract is in place subject to final material analysis.

The acquisition price is a small cash payment. No shares or any form of royalty is involved. The company believes no regulatory approval is required.

The company believes this is a major stepping stone to continue building a significant mining operation in Arizona. It also provides Silver Bullet with the historic data necessary to carry out further work and establish a future compliant resource estimate with what the company believes to be high potential. While the other properties in Silver Bullet's portfolio have great potential for high grade material, the Columbia and Gold Queen mines have the potential for both high-grade and the ability to increase tonnage quickly. The company believes this yet again confirms that its hub and spoke model is working. Silver Bullet is able to complete all the necessary due diligence to make an informed decision in a very short period of time. The company believes it has built a strong portfolio of excellent properties that will provide high-grade feed to its wholly owned mill. Engineering is under way to expand the capacity of the mill.

We seek Safe Harbor.