VANCOUVER, BC – (April 19, 2024) – Silver Bull Resources, Inc. (TSX: SVB, OTCQB: SVBL) (“Silver Bull” or the “Company”) is pleased to announce the detailed voting results of the proposals considered at its annual meeting of shareholders held on April 18, 2024 (the “Meeting”). A total of 12,362,808 or 26.1% of the Company’s issued and outstanding shares were represented at the Meeting.

The following nominees, as listed in Silver Bull’s proxy statement, were re-elected as directors of the Company:

Director Votes For % Withheld Votes %
Brian Edgar 7,551,897 99.0% 75,776 1.0%
Timothy Barry 7,528,248 98.7% 99,425 1.3%
David Underwood 7,563,101 99.2% 64,572 0.8%
William Matlack 7,551,885 99.0% 75,788 1.0%
Silver Bull is also pleased to announce that the Company’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 October 31, 2024 (12,320,713 or 99.8% voted “For”, 25,985 or 0.2% 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 October 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 (i.e. participants in the agreement and their affiliates), 5,440,893 or 94.9% voted “For”, 291,482 or 5.1% 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% voted “For”, 349,221 or 4.6% 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% voted "3 Years", 136,558 or 1.8% voted "2 Years", 2,172,199 or 28.9% voted "1 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 February 27, 2024 available on SEDAR at www.sedarplus.ca, and on EDGAR at www.sec.gov.

On behalf of the Board of Directors
“Tim Barry”

Tim Barry, CPAusIMM
Chief Executive Officer and Director