Silver Bull Resources, Inc., (TSX:SVB) (OTCQB:SVBL) (“Silver Bull” or the “Company“) is pleased to announce its intention to complete the second and final tranche of the non-brokered private placement (the “Private Placement“) of units (the “Units“) of the Company announced on May 12, 2016. The Units will be issued at a price of CDN$0.13 per Unit. Each Unit will consist of one common share in the capital of the Company and one Common Share purchase warrant (a “Warrant“). Each Warrant shall entitle the holder thereof to acquire one common share at a price of CDN$0.16 until the date that is 12 months following closing of the Private Placement. If the closing price of the common shares of the Company on the OTCQB Venture Marketplace is US$0.18 or higher for five consecutive trading days then the Warrant will expire thirty trading days from such fifth consecutive day.