Silver Bull Resources Inc (SVBL)

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Silver Bull Resources Announces 5.35 Billion Pounds Zinc, 87.4 Million Ounces Silver In Updated Sierra Mojada Measured And Indicated Resource:

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Including Separate And Distinct High-Grade Zones Of 13.5 Million Tonnes At 11.2% Zinc And 15.2 Million Tonnes At 114.9 g/t Silver

Vancouver, British Columbia -- Silver Bull Resources, Inc. (OTCQB: SVBL, TSX: SVB) (“Silver Bull”) is pleased to provide an updated NI43-101 Resource report for the Sierra Mojada Project in Coahuila, Mexico. Highlights of the resource update include;

* An open pittable, measured and indicated “High Grade Zinc Zone” of 13.5 million tonnes at an average grade of 11.2% Zinc at a 6% cutoff for 3.336 billion pounds of zinc.

* An open pittable, measured and indicated “High Grade Silver zone” of 15.2 million tonnes at an average grade of 114.9 g/t at a 50g/t cutoff for 56.3 million ounces of silver.

* Total Measured & Indicated Global Resource 70.4 million tonnes at 38.6 g/t Ag and 3.4% Zn that contain 5.354 billion pounds Zn and 87.4 million ounces Ag

* The updated resource was modelled using a silver price of US$15 per ounce, and a zinc price of US$1.20 per pound.

“This resource update models the mineralization defined at Sierra Mojada to zinc and silver prices realistic of the current market conditions”, stated Tim Barry, President, CEO and director of Silver Bull. “Sierra Mojada is one of only a handful of projects with any appreciable zinc resources and is one of the largest undeveloped silver-zinc projects in Mexico. It has excellent infrastructure; it is located 3 hours from an international airport with a paved road right to site; it has a functioning railway right to site; runs on grid power; and it has a skilled mining work force to draw upon in the immediate local area. This resource provides excellent leverage to both zinc and silver prices and has the potential to be scaled in size depending on metal prices.”

The Global Resource: The Global Resource is shown in table 1 with the “sub” tables defining the High Grade Silver Zone and High Grade Zinc Zone using a silver and zinc cutoff grade are shown in tables 2 and 3:  

Table 1. Pit constrained Global Resource at a $13.50NSR cutoff

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