Silver Bullet Mines Corp. announced excellent assay results from a bulk sample from its Washington Mine in Idaho. The assay results from SBMI's own assay lab on site have been corroborated by a third-party accredited lab.

Paragon also assayed for gold, which across the four quarters returned 1.82g/t, 2.49g/t, 1.77g/t, and 1.4g/t respectively. SBMI did not assay for gold. As indicated above the SBMI average across all quarters was 55.5 oz/ton silver.

This equates to over 1,902 g/t silver at a conversion rate of 34.285. SBMI collected the bulk sample from eight locations at the Property. The material from each of the eight locations was blended into an 80-kilogram bulk sample, with the result being crushed and quartered.

Five kilograms of material was removed from each quarter and processed by SBMI as sixteen assays in total. Five kilograms of material was removed from each quarter and processed by Paragon as four assays. The Company intends to send the fourth quarter of the bulk sample for ore characterization and metallurgical testing to Montana Technical University, Centre for Advanced Mineral Processing.

The remaining parts of the bulk sample including the pulps and rejects have been retained by SBMI as part of its QA/QC practices. The next steps at the Property are to continue sampling, to take the steps necessary to go underground for visual inspection and sampling, and then to take a larger bulk sample. As the Property is on patented lands the process of permitting required to re-open the Washington Mine is more streamlined.

SBMI is in discussions with third parties for the purchase of the resulting ore and/or concentrate and has identified potential mill facilities near the Property. SBMI is also considering whether to ship larger samples from the Washington Mine to SBMI's assay facility in Arizona.