17:05:43 EDT Fri 25 Sep 2026
Enter Symbol
or Name
USA
CA



Silver Bullet Mines Corp
Symbol SBMI
Shares Issued 149,979,324
Close 2026-09-24 C$ 0.13
Market Cap C$ 19,497,312
Recent Sedar+ Documents

Silver Bullet investor Richardson acquires securities

2026-09-25 14:29 ET - News Release

Subject: G. David Richardson - Early Warning News Release Word Document

File: '\\swfile\EmailIn\20260925 105618 Attachment News Release for Early Warning Report for Countryman for purchase of shares and warrants of Silver Bullet (September 2026).docx'

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G. David Richardson Files Early Warning Report

Acquisition

VANCOUVER, September 25, 2026 - G. David Richardson (the "Acquiror") announces that on August 10, 2026, the Acquiror, indirectly through Countryman Investments Limited ("Countryman"), a company, wholly owned by the Acquiror, acquired ownership of a convertible debenture (each, a "Debenture") in the principal amount of $200,000 of Silver Bullet Mines Inc. (the "Company") and 2,000,000 share purchase warrants (each, a "Warrant") through a private placement (the "August Transaction"). The principal amount of the Debenture, together with all accrued and unpaid interest thereon, is convertible into common shares (each, a "Share") of the Company at the option of the holder at a conversion price of $0.12 per Share. The Debenture matures on August 10, 2028 and bears interest at the rate of 12% per annum. The Warrants are exercisable into one additional Share at an exercise price of $0.16 per Share for a period of two (2) years from the date of issuance.

On September 21, 2026, the Acquiror, indirectly through Countryman, acquired ownership of 1,071,429 Shares and 1,071,429 Warrants through a private placement at a price of $0.14 per Share. Each Warrant is exercisable into one additional Share at a price of $0.18 per Share for a period of two years (the "September Transaction" and, together with the August Transaction, the "Transactions").

The Shares that would be issued on conversion of the Debentures and the Shares that would be issued on exercise of the Warrants in the August Transaction and the Shares issued in the September Transaction and the Shares that would be issued on exercise of the Warrants issued in the September Transaction, combined with the 22,139,350 Shares the Acquiror owned and controlled directly and indirectly, the 18,561,508 Shares that may be issued on exercise of Warrants, the 1,250,000 Shares that may be issued on exercise of Options that the Acquiror owned and controlled directly and indirectly, and the 2,500,000 Shares that may be issuable on conversion of Debentures that the Acquiror owned and controlled directly and indirectly, prior to the Transactions, resulted in the Acquiror owning 50,260,383 Shares representing 28.4% of the Shares of the Company based on 149,979,324 Shares issued and outstanding on a partially diluted basis.

Prior the Transaction, the Acquiror directly and indirectly owns and controls an aggregate of:

22,139,350 Shares held indirectly through Countryman,

18,561,508 Shares issuable on exercise of Warrants held indirectly through Countryman,

1,250,000 Shares issued on exercise of Options held directly, and

2,500,000 Shares issuable on conversion of Debentures held indirectly through Countryman,

which represents 14.9% of the 148,707,895 issued and outstanding Shares as of August 9, 2026, the date prior to the issuance of the Debentures in the August Transaction, on a non-diluted basis. If the Acquiror were to exercise the Warrants and the Options and convert the Debentures, the Acquiror would directly and indirectly own and control 44,450,858 Shares or 26.0% of the issued and outstanding Shares calculated on a partially-diluted basis.

Following the Transaction, the Acquiror directly and indirectly owns and controls an aggregate of:

23,210,779 Shares held indirectly through Countryman,

21,632,937 Shares issuable on exercise of Warrants held indirectly through Countryman,

1,250,000 Shares issued on exercise of Options held directly, and

4,166,667 Shares issuable on conversion of Debentures held indirectly through Countryman,

which represents 15.5% of the 149,979,324 issued and outstanding Shares as of September 21, 2026, the date of the issuance of Shares in the Transaction, on a non-diluted basis. If the Acquiror were to exercise the Warrants and the Options and convert the Debentures, the Acquiror would directly and indirectly own and control 50,260,383 Shares or 28.4% of the issued and outstanding Shares calculated on a partially-diluted basis.

The Debentures, Shares and Warrants were acquired for investment purposes. The Acquiror intends to monitor the business and affairs of the Company, including its financial performance, and depending upon these factors, market conditions and other factors, additional securities of the Company may be acquired as is considered or deemed appropriate. Alternatively, some or all of the securities described herein may be disposed of in compliance with applicable securities regulatory requirements.

The Acquiror has filed an Early Warning Report pursuant to National Instrument 62-103F1 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues describing the above transaction with the applicable securities regulatory authorities. A copy of the Early Warning Report is available on SEDAR+ at www.sedarplus.ca under the profile of the Company.

"G. David Richardson"

G. David Richardson

Tel: 604-408-0558

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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