Bunker Hill Announces the Appointment of Vice President Business Development

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VANCOUVER, British Columbia, Aug. 6, 2024 (GLOBE NEWSWIRE) — Bunker Hill Mining Company (“Bunker Hill”) Or the (the “Company”) (TSX-V: BNKR; OTCQB: BHILL) Aramex has announced the appointment of Nick Donink as Vice President of Business Development, effective August 1, 2024.

Nick has extensive experience in the mining industry and capital markets. Prior to joining Bunker Hill, he was the founder of his own independent consulting firm, assisting companies with corporate development and financing, following a decade of experience working with banks in mining and metals investment banking teams. During his investment banking career, he has assisted in over $20 billion in transactions including global M&A, structured finance and capital raising across North America. Mr. Donink is a Chartered Financial Analyst and holds a CFA certification in Environmental, Social and Governance Investing from the CFA Institute as well as a Bachelor of Commerce from the University of Windsor.

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“I am very excited to have Nick join us at this very important time as we aim to restart the historic Bunker Hill mine,” commented Sam Ash, Chairman and CEO of Bunker Hill. “Nick’s extensive experience in finance and capital markets will be essential to the company as we develop and execute our advanced growth strategy.”

In addition, the Company issued incentive stock options to Mr. Donink to purchase up to an aggregate of 87,493 common shares of Bunker Hill Mining Corp. exercisable for up to 5 years at a price of C$0.16 per share, with all stock options vesting on August 1, 2025.

About Bunker Hill Mining Company

Under Idaho-based leadership, Bunker Hill intends to re-operate and sustainably develop the Bunker Hill mine as the first step in consolidating and then optimizing a number of mining assets into a high-value portfolio of operations, initially focused in North America. Information about the company is available on its website, www.bunkerhillmining.comor inside Science + And Edgar Databases.

On behalf of Bunker Hill Mining Corp.

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Sam Ash
President and CEO

For more information, please contact:

Brenda Dayton
Vice President of Investor Relations
T: 604.417.7952
H: brenda.dayton@bunkerhillmining.com

Warning phrases

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this press release.

Certain statements in this press release are forward-looking statements and involve a number of risks and uncertainties. Such forward-looking statements fall within the meaning of that term in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, as well as within the meaning of the phrase “forward-looking information” in Canadian Securities Administrators’ National Instrument 51-102 – Continuous Disclosure Obligations (collectively, “Forward looking dataForward-looking statements do not consist of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a particular condition or outcome to occur. Forward-looking statements can be identified by terms such as “believes,” “expects,” “anticipates,” “estimates,” “may,” “could,” “will,” “plans” or variations of these words and phrases.

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Forward-looking statements in this press release include, but are not limited to, statements relating to the Company’s future objectives, goals or plans, including the restart and development of the Bunker Hill mine, and the achievement of future short-term, medium-term and long-term operating strategies.

Factors that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, risks and uncertainties identified in Bunker Hill’s public filings with the Securities and Exchange Commission and applicable Canadian securities regulatory authorities, including: the Company’s inability to raise additional capital for project activities, including through equity financing, focus purchase financing or otherwise; commodity price volatility; capital market conditions; labor restrictions and their impacts on international travel and supply chains; failure to identify mineral resources; failure to convert estimated mineral resources into reserves; the preliminary nature of mineral test results; The Company’s ability to restart and develop the Bunker Hill Mine and the risks of not making a production decision based on a feasibility study of mineral reserves that demonstrates economic and technical feasibility, which increases uncertainty due to the multiple technical and economic risks of failure associated with such a production decision including, among other things, areas that are analyzed in greater detail in the feasibility study, such as the application of economic analysis to resources and reserves, more detailed mineralogy and a number of specialized studies in areas such as mining and recovery methods, market analysis, and environmental and community impacts, and as a result, there may be increased uncertainty about achieving any particular level of mineral recovery or the cost of such recovery, including increased risks associated with developing commercially mineable deposits, without assurance that production will commence as anticipated or at all or that anticipated production costs will be met; failure to commence production would have a material adverse effect on the Company’s ability to generate revenues and cash flow to fund operations; failure to achieve anticipated production costs would have a material adverse effect on the Company’s cash flow and future profitability; delays in or failure to obtain governmental, environmental or other approvals required for the project; political risks; changes in equity markets; uncertainty regarding the availability and cost of future financing; the Company’s inability to budget and manage its liquidity in light of the failure to obtain additional financing, including the Company’s ability to complete payments under the terms of the Bunker Hill Mine Acquisition Agreement; inflation; changes in exchange rates; fluctuations in commodity prices; delays in project development; and capital, operating and reclamation costs that differ significantly from estimates and other risks inherent in the mineral exploration and development industry. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements in this press release are reasonable, undue reliance should not be placed on such statements or information, which speak only as of the date of this press release, and no assurance can be given that such events will occur within the time frames stated or at all. including whether and when the Company will achieve its project financing initiatives, or with respect to the actual size or terms of those financing initiatives. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Readers are cautioned that the risks and uncertainties described above are not exhaustive. Additional information about these and other risk factors that could affect the Company’s operations or financial results is included in the Company’s annual information form or annual report and can be accessed on the SEDAR+ website (www.sedarplus.ca) or through EDGAR on the SEC website (www.sec.gov), respectively.

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