Bunker Hill Mining Corp. (TSX-V: BNKR) (OTCQB: BHLL) announces that it has closed the third tranche of the previously announced silver loan with Monetary Metals Bond III LLC, an entity established by Monetary Metals & Co., in the principal amount of US$6,321,112, being the amount of US dollars equal to, as of November 6, 2024, 198,777 ounces of silver.

Silver Loan

As described in the news releases dated June 7, 2024, August 8, 2024 and September 25, 2024, MM, through the LLC, has agreed to loan the Company a principal amount of US dollars equal to up to 1.2 million ounces of silver, to be advanced in one or more tranches, in support of the re-start and ongoing development of the Bunker Hill Mine. On August 8, 2024, the Company closed on the first tranche of the Silver Loan in the principal amount of US$16,422,039, being the amount of US dollars equal to, as of August 8, 2024, 609,805 ounces of silver. On September 25, 2024, the Company closed on the second tranche of the Silver Loan in the principal amount of US$6,369,000, being the amount of US dollars equal to, as of September 24, 2024, 200,000 ounces of silver.

DSU Settlement 

Further to its news release dated October 7, 2024, the Company issued 750,000 shares of common stock of the Company instead of 1,039,403 DSU Shares as previously disclosed, at a deemed issue price of C$0.16 per DSU Share to a former director of the Company in partial satisfaction of the C$166,304.31 cash payment payable to such director upon their redemption of outstanding deferred share units. The Company settled the remaining C$46,304.31 with a cash payment. This transaction remains subject to the receipt of the final approval of the TSX Venture Exchange.

The securities referenced herein or any securities underlying or derived from the financial instruments referenced herein, including but not limited to the Silver Loan and the DSU Shares, have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”). This news release does not constitute an offer to sell or the solicitation of an offer to buy such securities, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

ABOUT BUNKER HILL MINING CORP. 

Under Idaho-based leadership, Bunker Hill intends to sustainably restart and develop the Bunker Hill Mine as the first step in consolidating and then optimizing several mining assets into a high-value portfolio of operations centered initially in North America. Information about the Company is available on its website, www.bunkerhillmining.com, or within the SEDAR+ and EDGAR databases.