Silver Bull Resources Inc. Announces $7.5 Million Non-Brokered Common Stock Offering With $5 Million Lead Order By Coeur d'Alene Mines Corporation

Silver Bull Resources Inc. announced that it has received commitments from various investors for the sale of 15,050,000 shares of common stock at a price of $0.50 per share, resulting in gross proceeds of $7,525,000 including the sale of 10,000,000 shares for gross proceeds of $5,000,000 to Coeur d'Alene Mines Corporation(Coeur d'Alene) and 1,055,000 shares to Silver Bull management and directors for gross proceeds of $ 527,500 . Silver Bull intends to use the net proceeds from this offering for drilling, metallurgical studies, and other geological work at the Sierra Mojada project, as well as payment of amounts due under option agreements to acquire certain Sierra Mojada concessions, and general corporate purposes. The offering is expected to close on or about December 9, 2011.