Overview

Silver Bull Resources Inc. (TSX:SVB, NYSE AMEX:SVBL) is a Vancouver, British Columbia based mineral exploration and development company. The Company’s prime asset is the Sierra Mojada Project located in the State of Coahuila, North Mexico.

The Company has been developing on the property since 2010 after a merger between Metalline Mining and Dome Ventures Corporation. The company has over 80,000 meters of historical drilling on the Sierra Mojada project todate and has an aggressive exploration program with 50,000 meters of drilling planned for 2012; four drills are currently working on site.

Investment Highlights

>62Moz indicated + inferred open pittable silver resource already defined

• Near term, low risk expansion via step out drilling to existing deposit


• Potential for high grade primary high grade silver + zinc + lead mineralization


• New Resource Report on the Silver and Zinc expected in Q2 of 2012

Known stand alone high grade zinc bodies

• Two high grade zinc oxide bodies, historically mined as direct ship ore (+25%)


• Accessible via underground workings, minimal work for compliant resource

Excellent infrastructure

• Located next to an operating mine with road, rail, power and water to site


• Strong Community Support

Located in Mexico (2^nd largest silver producer in the world)

• Mining friendly, no govt royalties, 30% tax

Unknown story

• Very undervalued versus peer group


• Re-rating potential

Key Projects

Sierra Mojada Project

About the Mineralization: The silver and zinc mineralization seen at Sierra Mojada defined is seen as “oxides” and is hosted along the east-west trending Sierra Mojada Fault. The silver mineralization is contained in two main bodies; the “Shallow Silver Zone”, and the recently discovered “Centenario Zone”.

The Shallow Silver Zone is hosted within an “upper” dolomite unit along a 3.2 km strike and is up to 90 meters thick and 200 meters wide and sits at surface at the western end. A NI43-101 resource update released in October 2011 shows a resource of 47.3 million ounces silver in the indicated category and 13.8 million ounces silver in the inferred category with an average grade of 50g/t.

Since the release of the resource report in October 2011 drilling has revealed a new zone of silver mineralization called the “Centenario Zone” which lies just to the north of the Shallow Silver Zone along a parallel fault zone. It is hosted within a stratagraphically “lower” dolomite unit has a present strike length of 400 meters and averages +100 meter intercepts at >60g/t Silver.

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In addition to the silver, a significant body of zinc oxide mineralization lies underneath and adjacent to the silver mineralization, and is coincident with the eastern half of the Shallow Silver Zone. The zinc mineralization is composed largely of the minerals hemimorphite and lesser smithsonite and forms a tabular body hosted mostly within the upper dolomite along the east-west trending Sierra Mojada fault. Extensive historical drilling and underground sampling shows a high grade core of mineralization >10% zinc sitting within a lower grade halo >4% zinc.

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The combined strike of the mineralization defined to date measures 3.8km in length and is potentially open pittable. Mineralization remains open in all directions.

NI43-101 Resource Update: A new NI43-101 resource update is anticipated to be prepared by SRK Consulting (Canada) Inc. “SRK” in Q2 of 2012. All available data up to 28 February 2012 will be given to SRK for inclusion in the report. Given the drilling results to date it is anticipated that SRK’s next report will show a substantial increase in the silver resource at Sierra Mojada, as well as including a resource for the significant zinc mineralization seen on the project.

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Figure 1. Section 631500E showing the “Centenario Zone”, “Shallow Silver Zone”, and “White and Red Zinc Zones”

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Figure 2. Section 631500E showing the “Centenario Zone”, “Shallow Silver Zone”, and “White and Red Zinc Zones”

Summary

Silver Bull Resources, Inc. is a well-funded Canadian based mineral exploration company listed on both the New York AMEX and full Toronto stock exchange. Silver Bull features world class management and geologic teams with a proven track record of mineral property development. The Sierra Mojada project currently has a NI 43-101 indicated resource of 47.3 million ounces silver in the indicated category and 13.8 million ounces silver in the inferred category and has an aggressive 50,000 meter drill program to expand the resource. An updated resource report is expected in Q2 of 2012 and will include both the silver and the zinc.

Management

Tim Barry, CEO, President and Director

Tim Barry is the President and CEO of Silver Bull Resources, Inc. Between September 2010 to March 2011, Mr. Barry served as Vice President of Exploration for Metalline Mining (now renamed to Silver Bull Resources), before stepping into the role of President and CEO in April 2011. Previously, he held the position of Chief Geologist for Dome Ventures Corporation, a publically traded company on the Toronto Stock Exchange working on their projects in Africa.

Mr. Barry has over 15 years of exploration and management experience and has worked as a Consulting Geologist and manager on projects in Canada, Mexico, Australia, New Zealand, Mongolia and West and Central Africa. Mr. Barry also served as a Director for Dome Ventures Corporation between November 2008 to April 2010 and currently serves as a director for Acme Resources. Mr. Barry is a Registered Geologist (MAusIMM). Mr. Barry holds a BSc in Geology from the University of Otago in New Zealand.

Brian Edgar, Chairman of the Board

Mr. Edgar was appointed Chairman of the Board of Directors in April 2010. Mr. Edgar has broad experience working in junior and mid-size level natural resource companies. He previously served as Dome’s President and Chief Executive Officer from February 2005 until it was acquired by Metalline in April 2010. Further, Mr. Edgar served on Dome’s Board of Directors from 1998 to 2010.

Mr. Edgar currently serves as a director of BlackPearl Resources Inc., Denison Mines Corp., Lucara Diamond Corp., Lundin Mining Corporation, and ShaMaran Petroleum Corp. Prior to establishing Rand Edgar Capital Corp. (succeeded by Rand Edgar Investment Corp.), Mr. Edgar practiced corporate/securities law in Vancouver, British Columbia, Canada for sixteen years.

Sean Fallis, Chief Financial Officer

Mr. Fallis is a Chartered Accountant and was formerly the corporate controller of gold producer Rusoro Mining Ltd. Prior to Rusoro Mining Ltd. Mr. Fallis worked with Canadian and United States publically listed companies in the audit and assurance practice of PricewaterhouseCoopers where Mr. Fallis focused on clients in the mining industry. Mr. Fallis experience includes mergers and acquisitions, debt and equity financing and overseeing the financial reporting and regulatory compliance of international mining companies including subsidiaries based in Latin America.

Jason Cunliffe, Vice President of Exploration

Mr. Cunliffe has over 16 years experience working throughout South and Central America exploring mainly for precious metals. He has held a number of senior management positions including; the South American Exploration Manager for Hochschild Mining plc. and Underworld Resources. During this time he has been involved in the discovery and advancement of a number of projects including the San José gold-silver vein deposit for Hochschild.

Mr. Cunliffe is familiar with Mexican geology having worked in the country previously. Mr. Cunliffe has a Masters degree in Mineral Exploration and Mining Geology from Leicester University in the United Kingdom and is fluent in English and Spanish.

Murray Hitzman, Director

Dr. Hitzman has extensive experience in the mining sector and began work in the mining industry with Anaconda Copper Mining Company. He worked for Chevron Resources Company and initiated and managed base and precious metal exploration projects throughout the world. As the Executive Branch Fellow he served as a senior policy analyst in the White House Office of Science and Technology Policy specializing in natural resource, environmental, and geoscience issues.

Dr. Hitzman became a professor at the Colorado School of Mines, and in 2000 was named Head of the Department of Geology and Geological Engineering (he stepped down as such in August, 2007). Dr. Hitzman serves as a director of several publicly held companies. Dr. Hitzman has a Master of Science in Geology from the University of Washington and a Ph.D. in Geology from Stanford University, California.

Daniel Kunz, Director

Mr. Kunz, Boise, Idaho, has over 30 years of experience in all areas of engineering, management, accounting, finance and operations. Mr. Kunz holds a Masters of Business Administration, Bachelor of Science in Engineering Science and an Associate of Accounting degree. Mr. Kunz has held positions in Ivanhoe Mines (President), MK Gold Company (President & CEO) and Morrison Knudsen Corporation (Vice President & Controller, and as CFO to the Mining Group).

Joshua Crumb, Director

Mr. Crumb is an engineer and mineral economist with a wide range of executive experience in the mining industry. He is a co-founder of LEC Minerals Inc., a private investment corporation that also provides advisory services for mining and exploration companies. Mr. Crumb was formerly the Senior Metals Strategist at Goldman Sachs, working in the commodity research division in London, has held various positions within the Lundin group of companies, and is currently serving as an independent director of Astur Gold Corp., Zazu Metals Corp., and Natural Resource Holdings, Ltd. He holds a Bachelor of Science degree in Engineering and Master of Science in Mineral Economics from the Colorado School of Mines.

John McClintock, Director

Mr. McClintock has vast experience in all facets of the mineral exploration business. He currently serves as the President of McClintock Geological Management, which provides ongoing management services to NorthIsle Copper and Gold Inc. and Savant Explorations Ltd. From February 2007 to November 2008, Mr. McClintock served as President and CEO of Savant Explorations Ltd. From January 2006 to February 2007, he served as President and COO of Canarc Resource Corp., and from November 2004 to December 2005 he served as an Exploration Manager for BHP Billiton. Mr. McClintock holds an MBA from Simon Fraser University and an undergraduate degree in geology, with honors, from the University of British Columbia. He is a member of the Professional Engineers of British Columbia, the Prospectors and Developers Association of British Columbia, and the Association of Mineral Exploration of British Columbia.