Silver Bull Offers Update on Sierra Mojada Project, Provides Details Into 'Shift in Co. Focus to Significant Zinc Potential'

Silver Bull Resources, Inc. SVBL ("Silver Bull") is pleased to provide a corporate update to its shareholders and outline the company's intention to better define the economics of the high grade zinc mineralization seen at Sierra Mojada. With continuing difficult capital market conditions, we have remained very cognizant about the need to remain as prudent as possible with the existing treasury, and have focused on reducing overall costs for the project, and as per the recommendations of our Canadian National Instrument 43-101 ("NI 43-101") Preliminary Economic Assessment (the "PEA") released in October 2013 on the silver resource, securing the permits necessary for a mine development. The main permits we have targeted include; water rights, the issuance of surface title (presently much of the project sits on Federal land), and continued work on environmental permitting. Although the full environmental permit cannot be issued until the project has a full feasibility study and is ready for construction, many of the individual studies needed for the permit can begin at the project's current stage. This work will allow the Company to reduce the time required to complete a pre-feasibility study when market conditions improve. With a 28% rise in the zinc price over the last 12 months and the strong long term outlook for the metal we now believe the time is right to re-examine the potential of the high grade zinc oxide mineralization. The extent and grade of the zinc oxide mineralization seen at Sierra Mojada, coupled with already existing infrastructure which includes a functioning railway 300 meters from the project, suggests the zinc could be modeled as a standalone mine. In addition to providing tremendous optionality, the company receives very little valuation for the zinc, and this work will go a long way to better defining its value to the market.