SILVER BULL ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT FOR CUMULATIVE GROSS PROCEEDS OF USD$3,788,443

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VANCOUVER, BC — (August 21, 2018) — Silver Bull Resources, Inc. (TSX: SVB; OTCQB: SVBL) (“Silver Bull” or the “Company“) is pleased to announce that it has completed the second and final tranche of its previously announced private placement (the “Private Placement“). Under the second tranche of the Private Placement, Silver Bull issued 7,365,555 units (the “Units“) of the Company at a price of USD$0.13 per Unit for aggregate gross proceeds of USD$957,522. 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 the second tranche of the Private Placement.

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