KELLOGG, Idaho and VANCOUVER, British Columbia, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. ("Bunker Hill" or the "Company") (TSXV:BNKR | OTCQB:BHLL), (TSXV:BNKR | OTCQB:BHLL) announces that it has elected to issue an aggregate of 2,236,111 shares of common stock of the Company (the "Interest Shares") in full satisfaction of the interest payable in the aggregate amount of US$268,333.34 as of September 30, 2025 under certain outstanding convertible debentures (collectively, the "Interest Payments"), including (i) an aggregate of 638,889 Interest Shares to certain holders of 5.0% Series 1 secured convertible debentures (the "Series 1 Debentures") for the aggregate interest of US$76,666.67 owing thereunder and (ii) an aggregate of 1,597,222 Interest Shares to certain holders of 5.0% Series 2 secured convertible debentures (the "Series 2 Debentures" and, together with the Series 1 Debentures, the "Debentures") for the aggregate interest of US$191,666.67 owing thereunder. The Series 1 Debentures and the Series 2 Debentures mature on March 31, 2028 and March 31, 2029, respectively.

In accordance with the terms of the Debentures, the Company will issue the Interest Shares at a price of USD$0.12 (approximately C$0.17) 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 TSX Venture Exchange (the "TSX-V") on the trading days beginning on September 15, 2025 and ending on September 26, 2025 (the "Pricing Period").

In connection with the Interest Payments, the Company will issue an aggregate of 2,129,630 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 issued to Sprott, nor the consideration received for such Interest Shares, will exceed 25% of the Company's market capitalization. The Company did not file a material change report more than 21 days prior to the election to issue the Interest Shares as the Pricing Period only ended yesterday on September 26, 2025.

The issuance of the Interest Shares is subject to the terms and conditions of the Debentures as well as the receipt of all regulatory approvals, including, without limitation, the approval of the TSX-V. Once issued, the Interest Shares will be subject to a four month and one-day hold period in accordance with applicable Canadian securities laws. The Interest Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state ...