Silver Bull Resources, Inc. — Proxy Solicitation & Information Statement 2021

Feb 24, 2021

==> picture [75 x 58] intentionally omitted <==

SILVER BULL RESOURCES, INC. 777 DUNSMUIR STREET, SUITE 1610 VANCOUVER, BRITISH COLUMBIA V7Y 1K4 CANADA

VOTE BY INTERNET - www.proxyvote.com

Use the Internet to transmit your voting instructions and for electronic delivery of information. Vote by 11:59 P.M. ET on 04/11/2021. Have your proxy card in hand when you access the web site and follow the instructions to obtain your records and to create an electronic voting instruction form.

ELECTRONIC DELIVERY OF FUTURE PROXY MATERIALS

If you would like to reduce the costs incurred by Silver Bull Resources, Inc. (the "Company") in mailing proxy materials, you can consent to receiving all future proxy statements, proxy cards and annual reports electronically via e-mail or the Internet. To sign up for electronic delivery, please follow the instructions above to vote using the Internet and, when prompted, indicate that you agree to receive or access proxy materials electronically in future years.

VOTE BY PHONE - 1-800-690-6903

Use any touch-tone telephone to transmit your voting instructions. Vote by 11:59 P.M. ET on 04/11/2021. Have your proxy card in hand when you call and then follow the instructions.

VOTE BY MAIL

Mark, sign and date your proxy card and return it in the postage-paid envelope we have provided or return it to Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717.

TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS:

THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED.

KEEP THIS PORTION FOR YOUR RECORDS DETACH AND RETURN THIS PORTION ONLY

For Withhold For All To withhold authority to vote for any All All Except individual nominee(s), mark “For All The Board of Directors recommends you vote FOR Except” and write the number(s) of thenominee(s) on the line below. the following: 0 0 0

1. Election of Directors

Nominees 01) Brian D. Edgar 02) Timothy T. Barry 03) Daniel J. Kunz 04) John A. McClintock

The Board of Directors recommends you vote FOR proposals 2, 3 and 4.

2. Ratification and approval of the appointment of Smythe LLP, Chartered Professional Accountants, as the Company's independent registered public accounting firm for the fiscal year ending October 31, 2021.

3. Approval, on a non-binding advisory basis, of the compensation of the Company's named executive officers.

4. 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 150 million and to make certain non-substantive amendments.

==> picture [97 x 64] intentionally omitted <==

----- Start of picture text -----

For	Against	Abstain
0 0 0
0 0 0
0 0 0

----- End of picture text -----

NOTE: In their discretion, the Proxies are authorized to vote upon such other business as lawfully may come before the meeting. The undersigned hereby revokes any proxies as to said shares heretofore given by the undersigned and ratifies and confirms all that said Proxies lawfully may do by virtue hereof.

Yes No 0 0

Please indicate if you plan to attend this meeting

Please sign exactly as your name(s) appear(s) hereon. When signing as attorney, executor, administrator, or other fiduciary, please give full title as such. Joint owners should each sign personally. All holders must sign. If a corporation or partnership, please sign in full corporate or partnership name by authorized officer.

Signature (Joint Owners)

Date

Signature [PLEASE SIGN WITHIN BOX]

Date

==> picture [300 x 300] intentionally omitted <==

Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting: The Form 10-K, Proxy Statement and Notice of Annual Meeting of Shareholders are available at www.proxyvote.com

SILVER BULL RESOURCES, INC. ANNUAL MEETING OF SHAREHOLDERS - APRIL 12, 2021 PROXY SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned shareholder of Silver Bull Resources, Inc. (the “Company”) hereby appoints Timothy Barry and Christopher Richards, or either of them, as proxies (each, a “Proxy”) to appear, attend and vote all of the shares of common stock of the Company in the name of the undersigned at the Annual Meeting of Shareholders to be held at the Company's offices at 777 Dunsmuir Street, Suite 1610, Vancouver, British Columbia V7Y 1K4, Canada on Monday, April 12, 2021, at 10:00 a.m. local time, and at any adjournment(s) or postponement(s) thereof.

THE SHARES REPRESENTED HEREBY WILL BE VOTED AS SPECIFIED HEREON WITH RESPECT TO THE PROPOSALS ON THE REVERSE SIDE, BUT IF NO SPECIFICATION IS MADE, THEY WILL BE VOTED FOR ALL DIRECTOR NOMINEES, FOR PROPOSALS TWO, THREE AND FOUR, AND IN ACCORDANCE WITH THE DISCRETION OF THE PROXIES ON ANY OTHER BUSINESS.

Continued and to be signed on reverse side