Bunker Hill Announces Election to Issue Shares In Satisfaction of Interest Payment Obligations

About this update from Bunker Hill Mining Corp

KELLOGG, Idaho and VANCOUVER, British Columbia, July 09, 2026 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. ("Bunker Hill" or the "Company") (TSX:BNKR | OTCQB:BHLL) announces that it has elected to issue an aggregate of 522,296 shares of common stock of the Company (the "Interest Shares") in full satisfaction of the interest payable as of June 30, 2026 under certain debt instruments (collectively, the "Interest Payments"), including (i) an aggregate of 22,174 Interest Shares to certain holders of 5.0% Series 1 secured convertible debentures (the "Series 1 Debentures") for the aggregate interest of US$75,833.33 owing thereunder, (ii) an aggregate of 55,434 Interest Shares to certain holders of 5.0% Series 2 secured convertible debentures (the "Series 2 Debentures") for the aggregate interest of US$189,583.33 owing thereunder, and (iii) an aggregate of 444,688 Interest Shares to the lenders under a 10.0% loan facility (the "Loan Facility," together with the Series 1 Debentures and the Series 2 Debentures, the "Debt Instruments") for the aggregate interest of US$1,520,833.33 owing thereunder in connection with advances to the Company. The Series 1 Debentures and Series 2 Debentures mature on March 31, 2028 and March 31, 2029, respectively. The Loan Facility matures on June 30, 2030. In accordance with the terms of the Debt Instruments, the Company will issue the Interest Shares at a price of US$3.42 (approximately C$4.85) per Interest Share based on 90% of the 10-day volume weighted average trading price of the shares of common stock of the Company on the applicable stock exchange which the Company's shares of common stock are trading (the "Exchange") on the trading days beginning on June 15, 2026 and ending on June 26, 2026 (the "Pricing Period"). In connection with the Interest Payments, the Company will issue an aggregate of 518,600 Interest Shares to certain managed accounts of Sprott Private Resource Streaming and Royalty Corp. ("Sprott") and, accordingly, the issuance of such Interest Shares to Sprott will constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Shareholder Approval ("MI 61-101"). The Company intends on relying on exemptions from the formal valuation and minority shareholder approval requirements under MI 61-101 as neither the fair market value of the Interest Shares to be is...

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