Silver Bull Intersects 178.19g/t Silver Over 18 Meters Including 291.26g/t Over 7.6 Meters on the Sierra Mojada Project, Coahuila, Mexico

Silver Bull Resources, Inc. (TSX: SVB)(NYSE MKT:SVBL) ("Silver Bull") is pleased to announce the drill results for the tenth batch of drill holes from the underground drill program twinning a series of "long holes" in a high grade silver zone situated at the eastern end of the Shallow Silver Zone on the Sierra Mojada Project in Coahuila, Northern Mexico.

High grade silver highlights from the tenth batch of 15 drill holes include:

  • Hole T12093: 18 meters @ 178.19g/t Ag (including 7.6m @ 291.26g/t Ag)
  • Hole T12094: 5.10 meters @ 118.61g/t Ag (including 1m @ 477g/t Ag)
  • Hole T12095: 3.30 meters @ 125.30g/t Ag, 6.97% Zn, 0.24% Cu and 2.53% Pb
  • Hole T12096: 13.75 meters @ 95.72g/t Ag (including 2m @ 321.7g/t Ag)
  • Hole T12111: 4.05 meters @ 264.50g/t Ag (including 1m @ 33.4% Zn and 729g/t Ag)

** Mineralization remains open in the north, south, east, and westerly directions

The underground drill program at Sierra Mojada utilized two underground "Termite" rigs to twin a historical long hole data set with diamond core along a high grade silver zone and a high grade zinc zone located at the eastern end of the current resource. The purpose of the program is to increase confidence in the long hole data set which represents approximately 38,000 meters of drilling that was either severally restricted or discarded in Silver Bull's NI43-101 resource report on the Shallow Silver Zone dated July 5, 2012. The high grade silver zone is hosted along a series of east-west trending structures with a combined traceable strike of approximately 3 kilometers and remains open in all directions.

The twinning drill program concluded in mid December 2012 and amounted to 6,500 meters of drilling which resulted in the twinning of approximately 17% of the historic data set of 38,000 meters. The company is awaiting final results from assays sent to ALS Chemex in North Vancouver, Canada. Upon receipt of all data, Silver Bull will initiate a revised NI43-101 resource update on the Shallow Silver and Zinc Zones, scheduled for release in the first quarter of 2013.

A table of holes from the underground long hole twinning program is shown below.

Drill Station HoleID Total Depth (m) From
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