Silver Bull Resources, Inc. — Proxy Solicitation & Information Statement 2025

Feb 27, 2025

SEVER BULL RESOURCES, INC.
777 DUNSMUR STREET, SUITE 1605
VANCOUVER, BRITISH COLUMBIA V7Y 1K4
CANADA

SCAN TO
VIEW MATERIALS & VOTE

VOTE BY INTERNET - www.proxyvote.com or scan the QR Barcode above
Use the Internet to transmit your voting instructions and for electronic delivery of information. Vote by 11:59 p.m. Eastern Time on April 16, 2025. 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 our 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. Eastern Time on April 16, 2025. 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:

V62722-P25339
KEEP THIS PORTION FOR YOUR RECORDS
DETACH AND RETURN THIS PORTION ONLY

THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED.

| SILVER BULL RESOURCES, INC.
The Board of Directors recommends you vote FOR the following:
1. Election of Directors
Nominees:
01) Brian D. Edgar
02) Timothy T. Barry
03) David T. Underwood
04) William F. Matlack | | For All
All | For All
Except | To withhold authority to vote for any individual nominee(s), mark "For All Except" and write the number(s) of the nominee(s) on the line below. |
| --- | --- | --- | --- | --- |
| The Board of Directors recommends you vote FOR proposals 2 and 3. | | | | For Against Abstain |
| 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, 2025. | | ☐ | ☐ | ☐ |
| 3. Approval of the unallocated entitlements under the Company's 2019 Stock Option and Stock Bonus Plan, as amended in 2022. | | ☐ | ☐ | ☐ |
| 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 thereof. | | | | |
| | Yes | No | | |
| 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 [PLEASE SIGN WITHIN BOX] | Date | | Signature (Joint Owners) | Date |

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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.

V62723-P25339

SILVER BULL RESOURCES, INC.
ANNUAL MEETING OF SHAREHOLDERS - April 17, 2025
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 1605, Vancouver, British Columbia V7Y 1K4, Canada on Thursday, April 17, 2025, 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 AND THREE, AND IN ACCORDANCE WITH THE DISCRETION OF THE PROXIES ON ANY OTHER BUSINESS.

Continued and to be signed on reverse side