Silver Bull Announces Closing of Initial Tranche of Private Placement for CDN$1,459,200, Including CDN$200,000 from Sprott Managed Fund

VANCOUVER, BC – (July 11, 2017) – Silver Bull Resources, Inc. (TSX: SVB; OTCQB: SVBL) (“Silver Bull” or the “Company“) is pleased to announce that it has completed the initial tranche of its previously announced private placement (the “Private Placement“). The initial tranche consisted of 18,240,000 units (the “Units“) of the Company at a price of CDN$0.08 per Unit for aggregate gross proceeds of CDN$1,459,200. Each Unit consisted of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant“). Each Warrant entitles the holder thereof to acquire one Common Share at a price of CDN$0.13 until the second anniversary of the closing of initial tranche of the Private Placement.

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