Mr. Frank Basa reports

CANADA SILVER COBALT ADDS TO QUEBEC PROPERTIES

Canada Silver Cobalt Works Inc. has recently acquired, by on-line designation, a total of 2,334.95 hectares in 40 claims close to the company's existing Lowney-Lac Edouard claim block approximately 100 kilometres northwest of Quebec City.

The Lac Guay property is approximately five km south of the Lowney-Lac Edouard block of claims and is accessible by a well-travelled gravel road dissecting it north to south, providing excellent access to potential drill targets.

The claims cover a pyrite-rich paragneiss unit of the Montauban group and is represented here by a u-shaped fold hinge. Historical results from government geological work consist of a 1967 geochemical sample (No. 1967002210) with five parts per million nickel and 30 ppm zinc; a 2013 lake sediment sample (No. 78535910) from Lac Guay with the following values of interest: 0.17 gram per tonne silver, 1.3 parts per billion gold, 4.1 ppm cobalt, 8.15 ppm copper, 7.8 ppm Ni and 70.5 ppm Zn.

The Montauban geological formation is also host to the past-producing mines near Montauban-des-Mines approximately 50 km to the south which produced lead and zinc with gold and silver.

"This new property will be an excellent prospecting venture in the spring with its excellent road access. Given the known mineralization nearby and similar geological setting, we are looking forward to a very interesting season," says Frank Basa, PEng, chief executive officer.

The total Canada Silver Cobalt land package in Quebec, focusing on critical and battery metals, now stands at 32,185 hectares over 14 properties. Acquisition began in late 2020 and has been refined and added to by new staking and option agreements over the past three years.

Qualified person

The technical information in this news release has been provided by Laurentia technical team and the content was reviewed and approved by Claude Duplessis, PEng, GoldMinds Geoservices Inc., a member of Quebec Order of Engineers and an independent qualified person in accordance with National Instrument 43-101 standards.

About Canada Silver Cobalt Works Inc.

Canada Silver Cobalt Works recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100-per-cent-owned, past-producing Castle mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario. The company has completed a 60,000-metre drill program aimed at expanding the size of the deposit with an update to the resource estimate under way.

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