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Provides an update on progress with its international arbitration claim against the United Mexican States. Since our previous update on September 26, 2023, a number of important steps have been achieved in the arbitration process. These include: The appointment of a three-person arbitration panel by the International Centre for Settlement of Investment Disputes. The Tribunal convened its first session with the parties on February 13, 2024. Engagement of a quantum expert by the Company to assess the Company’s claim. The evaluation is underway and will serve as the foundation for determining the value of Silver Bull’s claim against Mexico. Silver Bull Resources, Inc. shares T.SVB are trading up $0.01 at $0.18.

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