Mr. Tim Barry reports

SILVER BULL ANNOUNCES VOTING RESULTS OF ANNUAL MEETING OF SHAREHOLDERS

Silver Bull Resources Inc. has released the detailed voting results of the proposals considered at its annual meeting of shareholders held on April 18, 2024. A total of 12,362,808 shares, or 26.1 per cent of the company's issued and outstanding shares, were represented at the meeting.

The nominees as listed in Silver Bull's proxy statement were re-elected as directors of the company.

Silver Bull's shareholders have ratified and approved the appointment of Smythe LLP, as the company's independent registered public accounting firm for the fiscal year ending Oct. 31, 2024 (12,320,713, or 99.8 per cent, voted for; 25,985, or 0.2 per cent, voted against; and 16,110 abstained from voting).

The company's shareholders voted to ratify and approve the key persons retention agreement, dated as of Oct. 13, 2023, by and between the company and the persons named therein as described in the proxy statement for the meeting. Disregarding 1,856,146 votes cast by or on behalf of excluded shareholders (participants in the agreement and their affiliates), 5,440,893, or 94.9 per cent, voted for; 291,482, or 5.1 per cent voted against; and 39,152 abstained from voting.

The company's shareholders also voted to approve, on a non-binding advisory basis, the compensation of the company's named executive officers (7,233,105, or 95.4 per cent, voted for; 349,221, or 4.6 per cent, voted against; and 45,347 abstained from voting).

A majority of shareholders voted, on a non-binding advisory basis, for a triennial vote on executive compensation (5,205,668, or 69.3 per cent, voted three years; 136,558, or 1.8 per cent, voted two years; 2,172,199, or 28.9 per cent, voted one year; and 113,248 abstained from voting). In response to the voting results and other factors, the company's board of directors determined on April 18, 2024, that the company will hold an advisory vote on named executive officer compensation every three years until the company's board of directors decides to hold the next shareholder advisory vote on the frequency of advisory votes, which shall be no later than the company's annual general meeting of shareholders in 2029.

Full details of the proposals are fully described in the company's definitive proxy statement filed on Feb. 27, 2024, available on SEDAR+ and on EDGAR.

We seek Safe Harbor.