Sec Form 4 Filing - Barry Timothy T. @ SILVER BULL RESOURCES, INC. - 2021-02-02

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Barry Timothy T. 2. Issuer Name and Ticker or Trading Symbol SILVER BULL RESOURCES, INC. [ SVBL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) President and CEO (Last) (First) (Middle) C/O SILVER BULL RESOURCES, INC., 777 DUNSMUIR STREET, SUITE 1610 3. Date of Earliest Transaction (MM/DD/YY) 02/02/2021 (Street) VANCOUVER BC, A1V7Y1K4 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 02/02/2021 M 143,750 A $ 0.48 271,625 D Common Stock 02/02/2021 F 79,128 D $ 0.85 ( 1 ) 192,497 D Common Stock 319,000 ( 2 ) I By spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Stock Option (Right to Buy) $ 0.48 ( 3 ) ( 4 ) 02/02/2021 M 143,750 ( 3 ) ( 5 ) 02/22/2021 Common Stock 143,750 ( 3 ) $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Barry Timothy T. C/O SILVER BULL RESOURCES, INC. 777 DUNSMUIR STREET, SUITE 1610 VANCOUVER BC, A1V7Y1K4 X President and CEO Signatures /s/ Timothy T. Barry 02/04/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Price shown is in US$ and was converted based on the foreign currency exchange rate as of February 1, 2021 (CDN$1.00=US$0.7808). ( 2 )The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. ( 3 )The exercise price or share amount was adjusted to reflect the one-for-eight reverse stock split of the shares of SVBL common stock completed on September 18, 2020. ( 4 )This option to purchase common stock was priced in CDN$ at CDN$0.075. Exercise price shown is in US$ and was converted based on the foreign currency exchange rate as of February 23, 2016 (CDN$1.00=US$0.7277). ( 5 )This option to purchase common stock vested in three (3) annual installments of 47,916, 47,917 and 47,917. The first installment vested on February 23, 2016, the second installment vested on February 23, 2017, and the third installment vested on February 23, 2018.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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