Silver Bull's NAFTA claim against Mexico dismissed; ordered to pay ~$998K legal costs

SILVER BULL RESOURCES, INC.

Tribunal dismissed all claims for lack of jurisdiction and as time-barred under NAFTA/USMCA.
Company ordered to pay approximately US$998,000 of Mexico's legal fees and expenses.
Blockade of Sierra Mojada project since Sept 2019 remains in place; project economics changed.
Silver Bull has 120 days to apply for ICSID annulment; proceeding may take 18-36 months.
Measured & indicated mineral resource: 5.35B lbs zinc and 87.4M oz silver as of 2023.

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