Item 8.01 Other Events.

On March 2, 2023, Silver Bull Resources, Inc. ("Silver Bull" or the "Company") filed a Notice of Intent with Mexico's Directorate General of Foreign Investment to initiate a legacy North American Free Trade Agreement ("NAFTA") claim under Annex 14-C of the United States-Mexico-Canada Agreement ("USMCA") to recover economic damages resulting from the blockade of the Company's Sierra Mojada project by a cooperative of local miners called Sociedad Cooperativa de Exploración Minera Mineros Norteños, S.C.L. ("Mineros Norteños"). Even though the Company (i) has received numerous judgments in its favor issued by federal courts in Mexico, (ii) filed criminal complaints with the State of Coahuila, and (iii) made numerous requests and demands of Mexican governmental agencies to intervene and terminate the blockade, Mineros Norteños has continued to block access to the facilities at Sierra Mojada since September 2019. Silver Bull is seeking to recover no less than US$178 million in damages that the Company claims it has suffered as a result of a breach by Mexico of its NAFTA obligations.

Item 7.01 Regulation FD Disclosure.

On March 2, 2023, the Company issued a press release regarding the legacy NAFTA claim under the USMCA to recover economic damages resulting from the blockade. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

The information set forth in this Item 7.01, including the information set forth in Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.



Exhibit No.   Description
   99.1         News release, dated as of March 2, 2023
    104       Cover Page Interactive Data File (formatted as Inline XBRL and
              contained in Exhibit 101).






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