Silver Bull Intersects 202.7g/t Silver Over 42.65 Meters Including 878g/t Silver Over 3.9 Meters On The Sierra Mojada Project, Coahuila, Mexico

VANCOUVER, British Columbia, Sept. 10, 2012

(Logo: http://photos.prnewswire.com/prnh/20120803/LA51676LOGO)

Highlights from this batch of holes include:

• High grade silver intercepts including: 42.65 meters @ 202.7g/t Ag (including 3.9m @ 878g/t Ag & 3.2m @ 325g/t Ag), 52.6 meters @ 144.4g/t Ag (including 2m @ 759g/t Ag & 3m @ 256g/t Ag), 50.45 meters @ 110.9g/t Ag (including 9m @ 260.2g/t Ag & 2m @ 333g/t Ag), and 15.25 meters @ 182.4g/t Ag (including 2.4m @ 360g/t Ag & 1.9m @ 311.2g/t Ag).
• High grade zinc and lead intercepts including: 1.3 meters @ 14.85% Zn, 2 meters @ 11.3% Zn, 1.82 meters @ 15.25% Zn, and 11.2 meters @ 2.3% Pb.
• Mineralization remains open in the north, south, east and westerly directions.

Silver Bull's 3,000 meter drill program is ongoing with 2 underground "Termite" rigs twinning a series of long holes with up to 50 meter long BQ sized diamond core drill holes. The main target area is a high grade silver zone hosted along an east-west trending structure with a present traceable strike of approximately 3 kilometers. The purpose of the program is to increase confidence in a historical long hole data set which defines the high grade zone and represents just under 38,000 meters of drilling which was either severally restricted or discarded in Silver Bull's latest NI43-101 resource report on the Shallow Silver Zone dated July 5, 2012.

In addition to confirming the grade and tenor of the silver mineralization with the twinning program, much of the historical long hole data set ended in significant mineralization, so the program will also look to extend the mineralization by drilling longer holes. Due to the limited range of the Termite drills, and despite extending some holes by as much as 25 meters, some holes still end in mineralization.

This recent drilling, coupled with historical channel sampling and our ongoing underground mapping program shows at least three distinct east-west trending structures which host high grade zones of silver mineralization. In places, these east-west trending structures are cross cut by a series of northeast trending faults resulting in a "blow out", which yields a much wider zone of high grade silver mineralization. A halo of silver mineralization grading up to 80g/t exists in between the high grade fault zones and provides the tonnage for a potential "bulk minable" deposit in an open pit setting. The high grade silver zone remains open in all directions and sits above and slightly adjacent to a significant body of zinc mineralization which has a present strike length of 1.5 kilometers and an average grade >8% Zn.

A table of the reported long holes is shown below.