SILVER BULL RESOURCES, INC. appointed new CEO

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


On April 21, 2023, the board of directors of Silver Bull Resources, Inc. ("Silver Bull" or the "Company") accepted the resignation of Darren Klinck as the President of the Company, and re-appointed the Company's current Chief Executive Officer, Timothy Barry in the additional office of President of the Company.

Mr. Barry, 47, was appointed as Vice President - Exploration of Silver Bull in August 2010. Since March 2011, he has served as the Chief Executive Officer and a director of Silver Bull, and also served as President of Silver Bull from March 2011 until October 1, 2021. In addition, Mr. Barry has served as the Chief Executive Officer and a director of Arras Minerals Corp. ("Arras") since February 5, 2021, and also served as President of Arras from February 5, 2021 to October 1, 2021. He is also currently a director of Torrent Gold Inc. (CSE: TGLD). Between 2006 and August 2010, Mr. Barry spent five years working as Chief Geologist in West and Central Africa for Dome Ventures Corporation ("Dome"). During this time, he managed all aspects of Dome's exploration programs and oversaw corporate compliance for Dome's various subsidiaries. Mr. Barry also served on Dome's board of directors. In 2005, he worked as a project geologist in Mongolia for Entree Gold, a company that has a significant stake in the Oyu Tolgoi mine in Mongolia. Between 1998 and 2005, Mr. Barry worked as an exploration geologist for Ross River Minerals Inc. on its El Pulpo copper/gold project in Sinaloa, Mexico, for Canabrava Diamonds Corporation on its exploration programs in the James Bay lowlands in Ontario, Canada, and for Homestake Mining Company on its Plutonic Gold Mine in Western Australia. He has also worked as a mapping geologist for the Geological Survey of Canada in the Coast Mountains, and as a research assistant at the University of British Columbia, where he examined the potential of CO2 sequestration in Canada using ultramafic rocks. Mr. Barry received a Bachelor of Science degree from the University of Otago in Dundein, New Zealand and is a Chartered Professional Geologist (CPAusIMM). There are no family relationships between Mr. Barry and any director or executive officer of the Company.

There are no transactions between Mr. Barry and the Company that require disclosure pursuant to Item 404 of Regulation S-K, except for his spouse's subscription for 319,000 units of the Company (the "Units") at a price of US$0.47 per Unit in connection with the second tranche of a private placement of the Company completed on November 9, 2020. Each Unit consisted of one share of Silver Bull common stock and one-half of one common stock purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire for US$0.59 in total one share of Silver Bull common stock and one common share of Arras, in each case until November 9, 2025.