SILVER BULL ANNOUNCES CLOSING OF INITIAL TRANCHE OF PRIVATE PLACEMENT FOR USD$2,830,921, INCLUDING USD$1,053,000 FROM SPROTT MANAGED FUND

SilverBull_NR-2018-07-26

VANCOUVER, BC — (July 26, 2018) — 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 21,776,317 units (the “Units”) of the Company at a price of USD$0.13 per Unit for aggregate gross proceeds of USD$2,830,921. Each Unit consisted of one common share in the capital of the Company (a “Common Share”) and one half of one transferable Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to acquire one Common Share at a price of USD$0.16 until the second anniversary of the closing of initial tranche of the Private Placement.

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