Vancouver, British Columbia — Silver Bull Resources, Inc. (TSX: SVB, AMEX: SVBL) (“Silver Bull”) is pleased to announce the appointment of George Rawsthorne P.Eng. to the role of Vice President of Metallurgy.

Mr Rawsthorne has over 40 years of experience in the mining and metallurgical / process industry including management roles in operations, project studies and construction, as well as plant commissioning and optimization. As a direct employee or as a consultant he has been involved with numerous projects encompassing commodities which include; copper, molybdenum, lead, zinc, silver, gold, tungsten and uranium. Roles he has previously held include; mill manager, lead process engineer, and lead metallurgist, as well as also working as an independent consultant to review mining operations for companies and banks. Companies he has previously been associated with include; (Cominco) Teck Corporation, Rabbit Lake Uranium, Placer Development’s Gibraltar Mine, Mount Pleasant Tungsten Mine and Dome Mine’s Detour Lake Mine as well as numerous junior and mid-tier mining and exploration companies. Mr. Rawsthorne has a strong history of success in the design and development of metallurgical flow sheets, plant startup, commissioning and optimization, as well as optimizing existing processing plants in an operating environment. Mr. Rawsthorne received his B.Sc. in Chemical Engineering from Queens University in Ontario, and is a member of the Association of Professional Engineers and Geoscientists of British Columbia, Canada.

Tim Barry, President, CEO and director of Silver Bull states, “We are extremely pleased to have someone with the experience and history of success of Mr. Rawsthorne join our team. The goal of finding a suitable metallurgical process to extract both the silver and zinc on a large scale basis is one of our main priorities for 2012”.

About Silver Bull: Silver Bull is a well funded, US registered mineral exploration company listed on both the NYSE Amex and TSX stock exchanges and based out of Vancouver, Canada. The flag ship “Sierra Mojada” project is located 150 kilometers north of the city of Torreon in Coahuila, Mexico and is highly prospective for silver and zinc. Silver Bull also owns three mineral exploration licences in Gabon, Africa, two of which are currently under joint venture with AngloGold Ashanti. These licences are prospective for gold, manganese, and iron ore.

On behalf of the Board of Directors

“Tim Barry”

Tim Barry, MAusIMM
Chief Executive Officer, President and Director

INVESTOR RELATIONS CONTACT INFO:
[email protected]

Cautionary note regarding forward looking statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to the safe harbors created under the Securities Act of 1933, as amended (the “Securities Act”), the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and applicable Canadian securities laws. Forward-looking statements include statements regarding finding a suitable metallurgical process to extract both the silver and zinc on a large scale basis. These statements are based on current expectations, estimates, forecasts, and projections about Silver Bull’s exploration projects, the industry in which Silver Bull operates and the beliefs and assumptions of Silver Bull’s management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “may,” variations of such words, and similar expressions, are intended to identify such forward-looking statements. In addition, all statements other than statements of historical facts that address activities that Silver Bull expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, including such factors as the receipt of required regulatory approvals, unfavorable exploration results, and other matters discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended October 31, 2011 and our other periodic and current reports filed with the SEC and available on www.sec.gov and with the Canadian securities commissions available on www.sedar.com. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements.