Bunker Hill Announces Purchase of Strategic Land Package

TORONTO, March 03, 2022 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR, OTCQB: BHLL) is pleased to announce the purchase of a 225-acre surface land parcel for approximately $200,000.

Sam Ash, CEO, stated “We are excited to secure a more than 50% increase in our surface land ownership with the purchase of a private ground parcel centered around the main haulage entrance to the Bunker Hill Mine. This will serve as a strategic asset for the rapid restart of the mine, optimizing construction efficiency and costs while providing improved access to prospective areas identified by our recent geophysics survey.”

The purchase of the land package originates from a lease to purchase option with Northern Enterprises, Inc. that was signed by the Company in late 2020. The agreement called for monthly lease payments of $4,000, with the crediting of 12 payments against the purchase price of $250,000, resulting in a net purchase price of $202,000.

The approximately 225-acre land parcel includes the surface rights to portions of 24 patented mining claims, of which Bunker already owns the mineral rights. In addition to being a strategic operational acquisition, the acquired land provides further surface access up both East and West Milo Gulch, opening up a large portion of ground identified by the geophysical program for future exploration efforts. This section of the Bunker Hill property hosted some of the earliest mining in the area on some of the highest grade, shallow silver veins produced from in Bunker’s history. The site is accessible year-round by an existing road to the Russel portal yard.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8969f873-80bd-4efd ...

ABOUT BUNKER HILL MINING CORP.

Under new Idaho-based leadership the Bunker Hill Mining Corp, intends to sustainably restart and develop the Bunker Hill Mine as the first step in consolidating a portfolio of North American mining assets with a focus on silver. Information about the Company is available on its website, www.bunkerhillmining.com, or within the SEDAR and EDGAR databases.

For additional information contact:

David Wiens, CFA
CFO & Corporate Secretary
[phone]
[e-mail]

Cautionary Statements

Certain statements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, as well as within the meaning of the phrase ‘forward-looking information’ in the Canadian Securities Administrators’ National Instrument 51-102 – Continuous Disclosure Obligations. Forward-looking statements are not comprised 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 stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information.