Silver Bull Resources, Inc. — Proxy Solicitation & Information Statement 2020

Nov 9, 2020

SILVER BULL RESOURCES, INC.

777 Dunsmuir Street, Suite 1610 Vancouver, British Columbia V7Y 1K4

NOTICE OF SPECIAL MEETING OF SHAREHOLDERS TO BE HELD ON WEDNESDAY, DECEMBER 16, 2020

To the Shareholders of Silver Bull Resources, Inc.:

A special meeting of shareholders of Silver Bull Resources, Inc., a Nevada corporation (“Silver Bull” or the “Company”), will be held at the Company’s offices at 777 Dunsmuir Street, Suite 1610, Vancouver, British Columbia V7Y 1K4, on Wednesday, December 16, 2020 at 10:00 a.m. local time for the purpose of considering and voting upon proposals to:

1. Approve and adopt amended and restated articles of incorporation of the Company to increase the number of authorized shares of Silver Bull common stock from 37.5 million to 300 million and to make certain non-substantive amendments;

2. Approve and adopt amended and restated articles of incorporation of the Company to change the Company’s name to MaxMetals Corp. and to make certain non-substantive amendments; and

3. Transact such other business as may lawfully come before the meeting or any adjournment(s) or postponement(s) thereof.

The Board of Directors has fixed the close of business on October 23, 2020 as the record date for determination of the Company’s shareholders entitled to vote at the meeting and any adjournment(s) or postponement(s) thereof. This Notice of Special Meeting of Shareholders and related proxy materials are being distributed or made available to shareholders beginning on or about November 6, 2020.

Under the U.S. Securities and Exchange Commission and Canadian securities rules, we have elected to use the Internet for delivery of the special meeting materials to our shareholders, enabling us to provide them with the information they need, while lowering the costs of delivery and reducing the environmental impact associated with the special meeting. Our proxy materials are available at www.proxyvote.com. We also post our proxy materials on our website at www.silverbullresources.com/investors/agm.

We cordially invite you to attend the special meeting. Whether or not you plan to attend, it is important that your shares be represented and voted at the meeting. Please refer to your proxy card or Notice Regarding the Availability of Proxy Materials for more information on how to vote your shares at the meeting and return your voting instructions as promptly as possible.

Thank you for your support.

BY ORDER OF THE BOARD OF DIRECTORS,

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BRIAN D. EDGAR, CHAIRMAN