Silver Bull Announces an Additional $US 3 Million Common Stock Offering to the $7.5 Million Non-Brokered Common Stock

Silver Bull Resources SVBL is pleased to announce that it has received commitments from various investors for the sale of 6,000,000 shares of common stock at a price of $US 0.50 per share ("the Offering) resulting in gross proceeds of $US 3,000,000. These commitments are in addition to the commitments received from various investors for the sale of 15,050,000 shares of common stock at a price of $US 0.50 per share, resulting in gross proceeds of $US 7,525,000 as described in the Silver Bull news release dated December 2, 2011. The transaction is being completed as a registered direct offering, with a 6% finder's fee totaling $US 103,500 to be paid to Canadian finders with respect to certain non-U.S. purchasers who were introduced by them. No finder's fee, placement agent fees or underwriter fees or commissions are being paid with respect to any purchases by U.S. investors in this offering. Silver Bull has filed a prospectus supplement to its currently effective shelf registration statement with the U.S. Securities Exchange Commission ("SEC") and a prospectus supplement to its shelf prospectus with Canadian securities regulatory authorities in the provinces of Alberta, British Columbia and Ontario.