Bunker Hill Mining Co. CEO resigns

By CHANSE WATSON,

Managing Editor

TORONTO, CANADA – In two separate news releases that came out Sunday night and Monday morning, The Bunker Hill Mining Company (the “company) announced that their agreement with the lessor of the mine has been terminated and that their President/CEO has resigned.

The first release on Oct. 14 (dated Oct. 12) briefly explained that the resignation of the now-former President/CEO, Bruce Reid, had been accepted by the company and that the Director of the Company, John Ryan, will assume the function of President and Chief Executive Officer on an interim basis.

“The Board of Directors would like to thank Mr. Reid for his contributions to the Company,” the release stated.

In the second release on Oct. 15, the company then announced that they had defaulted on its payment obligations with respect to its Lease with Option to Purchase Agreement (the “Agreement”) with Placer Mining Corporation, the lessor of the Bunker Hill Mine. As such, they report that the agreement has been terminated.

A representative with Placer Mining Corporation confirmed to the News-Press Monday that “Liberty Silver (AKA the Bunker Hill Mining Company) has defaulted on their loan, and as such, their lease has been terminated.”

“However,” they added, “Placer Mining Corporation has always, and will continue to, maintain a care and maintenance crew at the Bunk Hill Mine location (in Kellogg).”

An attempt was made to contact interim Company President and CEO John Ryan for more information, but a response was not given before press time.

The Shoshone News-Press will provide more information if and when it becomes available.