Nevada Silver Corporation (TSXV: NSC) (OTCQB: NVDSF) ("NSC" or the "Company") further to its press releases of 24th March 24, 2022, and 12th August 2022, is pleased to announce that it has closed the previously announced sale of securities of its indirectly wholly owned U.S.A. subsidiary, North Star Manganese Inc ("NSM"). NSM sold a total of 3,160,233 shares of NSM at a price of US$0.25 per share for gross proceeds of US$790,058.23 (the "NSM Financing"). As a result of the NSM Financing, the outstanding shares of NSM has increased to 33,160,233 shares of NSM common stock, with the Company's indirect shareholding reducing to approximately 90.5%.

The NSM Financing has received the final approval of the TSX Venture Exchange. Proceeds from the NSM Financing will be used to advance technical studies at the Emily Manganese project and for general working capital. No commissions or fees were paid in connection with the NSM Financing.

NSM holds the Emily Manganese Project in Minnesota, USA (the "Emily Manganese Project"). The Company's focus is on its Corcoran Silver-Gold Project in Nevada, USA, and does not consider the Emily Manganese Project to be material to its operations. As announced on December 21, 2021, the Company is considering its options with respect to the financing, development and commercialization of the Emily Manganese Project and how best to advance it (any such transaction, a "Value Realization Transaction"). Any Value Realization Transaction will be subject to receipt of all necessary corporate, securities, shareholder, and regulatory approvals, including the approval of the TSX Venture Exchange. There can be no assurances that a Value Realization Transaction will be completed, either on the terms outlined, or at all. Further updates will be provided as they occur. Please see the Company's filing statement dated April 20, 2021, for further information about the Emily Manganese Project, available under the Company's profile at www.SEDAR.com.

About Nevada Silver Corporation Nevada Silver Corporation (TSXV: NSC) (OTCQB: NVDSF) is a multi-commodity resource company with two exploration projects in the USA. NSC's principal asset is the Corcoran Silver-Gold Project in Nevada. In addition, NSC has management and ownership rights over the Emily Manganese Project in Minnesota, which has been the subject of considerable technical studies, with US$24 million invested to date. Both Corcoran and Emily have been the subject of National Instrument 43-101 compliant mineral resource estimates.

This announcement does not constitute an offer of securities for sale in the United States, nor may any securities referred to herein be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933 as amended (the "Securities Act") and the rules and regulations thereunder. The securities referred to herein have not been registered pursuant to the Securities Act and there is no intention to register any of the securities in the United States or to conduct a public offering of securities in the United States.

For further Information please contact:

Gary Lewis Group CEO & Director  T: +1 (416) 941 8900 gl@nevadasilvercorp.com

Perry Rapagna Manager, Corporate Development T: +1 (416) 868-1079 x 230 perry@chfir.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including, without limitation, risks as a result of the Company having a limited operating history and may have a wide variance from actual results, risks concerning the ability to raise additional equity or debt capital to continue its business, uncertainty regarding the inclusion of inferred mineral resources in the mineral resource estimate which are too speculative geologically to be classified as mineral reserves, uncertainty regarding the ability to convert any part of the mineral resource into mineral reserves, uncertainty involving resource estimates and the ability to extract those resources economically, or at all, uncertainty involving exploration (including drilling) programs and the Company's ability to expand and upgrade existing resource estimates, risks involved in any future regulatory processes and actions, risks from making a production decision (if any) without any feasibility study completed on the Company's properties, risks applicable to mining exploration, development and/or operations generally, and risk as a result of the Company being subject to certain covenants with respect to its activities by creditors, as well as other risks.

Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.

All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/135506

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Nevada is home to some of the most robust mining operations in the world, thanks to its established history of gold and silver mining, pro-mining regulations and abundance of mineral-rich deposits. The Fraser Institute’s 2020 Annual Survey listed Nevada as “the top jurisdiction in the world for investment based on the Investment Attractiveness Index.” In fact, Nevada claimed first place from its third place rank in 2019.

What makes Nevada so mining-friendly? According to the United States Bureau of Land Management (BLM), Nevada hosts over 180,000 mining claims and the BLM’s largest mining program. Simply put, Nevada and mining go hand in hand, and the resources produced within the state play a critical role in the development of its infrastructure and overall economy.

Considering Nevada’s established mining history, it comes as no surprise that there is no shortage of mining and exploration activity within the state. Notable prospects and mines in the immediate area include Kinross Gold’s (TSX:K,NYSE:KGC) Round Mountain and Goldhill projects, Viva Gold’s (TSXV: VAU, OTCMKTS:VAUCF) Midway project and Huntsman Exploration’s (OTCMKTS:BBBMF) Baxter Spring project.

One of the other great mining jurisdictions in the US is Minnesota, which has world-recognized iron ore deposits that have been a key part of the state and the national economy for more than a century. Minnesota also has the largest high-grade unmined deposit of manganese in North America at a time when the use and demand for the mineral continue to grow.

Nevada Silver Corporation (TSXV:NSC,OTCQB:NVDSF) is a Canadian mineral exploration company that currently has two active and advanced stage projects, both of which are 100 percent owned by the company:

These projects give Nevada Silver access to both established silver - gold deposits (Corcoran and Belmont Silver) and an underutilized strategic mineral in manganese (Emily Manganese).

“The market's affinity for silver now is where the market's affinity was for uranium two and a half years ago,” said veteran investor and speculator Rick Rule in an interview with INN. Outlining his positive outlook on silver, Rule noted that precious metals bull markets first tend to favor gold as “fear buyers” rush toward it for insurance. Once gold has momentum and the precious metals narrative has gained wider acceptance, investors and speculators (so-called “greed buyers”) enter the market and silver begins to take over.

There are several reasons why Nevada Silver is an attractive option in an investor’s portfolio. The company’s highly experienced management team features decades of combined investing and mining expertise. They also recently announced positive results from drill core assays which hit 3470g/t of silver.

“The exceptional high silver grades in both CC21-02 and CC21-17 indicate widespread high values of silver with appreciable hold, relatively close to the surface,” said Nevada Silver CEO Gary Lewis.

Concoran Silver, located in Nye County, Nevada, USA, is Nevada Silver’s flagship asset. The property takes advantage of excellent positioning in a well-documented mining jurisdiction and a history of successful neighboring silver and gold mines run by successful mining companies Kinross and Viva Gold Corp.

Concoran Silver consists of 328 contiguous mineral claims: 6,460 acres covering resource expansion and exploration targets. The project has near-surface mineralization and is open in all directions.

An October 2020 NI 43-101 reported an estimate of 33.5 million silver-equivalent ounces, using a US $21.09/oz price for silver and US$1,657/oz for gold.

Final assay results from 2021 drilling were released in January 2022 and CEO Gary Lewis shared, "NSC is well advanced in preparations for drill permitting of the north, west and depth extensions of Corcoran in 2022 and are excited by the potential for considerable upside to both size and grade of the deposit."

The Company also recently announced the acquisition of an additional 2,800 acres, 15km southwest of Corcoran, covering the majority of the historic Belmont silver mining camp. Belmont was among the earliest and richest silver mining camps in the Tonapah district with an estimated ore head-grade averaging 25 ounces per ton of silver.

Emily Manganese, located in Crow Wing County, Minnesota, USA, is Nevada Silver’s other project, owned and operated by NSC subsidiary North Star Manganese Inc (NSM). The objective of NSM is to become a “low-cost producer of high-purity, high-value manganese products.” Due to manganese being listed on the United States 2021 List of Critical Minerals, it is expected that a domestic source of manganese is of paramount importance.

Senior executive with 30+ years in capital markets, business and strategy development. Founded, invested and operated resource projects or assets values at more than US$400M, including the acquisition and ultimate sell-down or listing of high-value, multi-commodity resource projects in Australia, UK, Asia and the Americas.

John Kutkevicius holds a Bachelor of Commerce from Queen's University, a Bachelor of Laws from the University of Western Ontario and a Master of Laws from York University. John practices law exclusively in the areas of income tax and estate planning and has extensive experience in diverse areas of the income tax practice, including corporate reorganizations, mergers and acquisitions, financings, resource taxation, insurance taxation and dispute resolution. John formerly sat on the board of directors of several junior resource companies including Chariot Resources Ltd., Barkerville Gold Mines Ltd. and Changfeng Energy, Inc. and is a member of the Canadian Tax Foundation.

Henry J. Sandri has a distinguished 30+ year career in the metals and minerals, energy, power and transportation industries. He has managed new ventures, project development and operations on six continents including base, precious and ferrous metals, industrial minerals, energy, utilities and transportation.

Ian Pringle is a senior mining executive with an outstanding track record of successful mineral resource evaluation, discovery, project development and operations. As Managing Director of several Australian listed resource companies, he has considerable experience and high technical capability, particularly in international base and precious metals.

Natasha Tsai is a Chartered Professional Accountant with Malaspina Consultants Inc. Previously, she was a senior accountant with Grant Thornton LLP. She has acted as Chief Financial Officer and/or controller for a number of listed companies and has corporate finance and listed-company experience in an array of sectors. She also serves as Chief Financial Officer of NameSilo Technologies Corp., Getchell Gold Corp., PPX Mining Corp., Sentinel Resources Corp., and Shoal Point Energy Ltd.

Nevada Silver Corporation ("NSC" or the "Company") (TSXV:NSC) (OTCQB:NVDSF) is pleased to announce the receipt of the first drill core assays from recent drill testing of six priority targets at the Company's 100%-owned Belmont Silver Project located 72 kilometers northeast of Tonopah in central Nevada, USA

Assay results include an intersection of 440 g/t silver and 0.99% lead between 27.74-28.47 meters in drill hole BS2202. The high-grade silver is included within a wider interval between 26.76-30.82 meters which averaged 134 g/t Ag and which forms part of a fault/crush zone that appears to be trending at a high angle to the drill core (Figure 1, Tables 1 and 2).

Gary Lewis, Nevada Silver's CEO, commented.

"This is a very encouraging result - the top few samples of the very first drill core to test the Belmont Silver Mining Camp for more than 100 years has intersected a near-surface zone of high-grade silver.

Six drill holes have been completed in this initial part of our drilling assessment and we are expecting assays from the bottom portion of BS2202 and the other five drill holes during the coming weeks. Once these results have been received and interpreted by our geological team, we will undertake further drilling later in the year.

In all, 24 targets were identified in the recently completed Induced Polarization (IP) and Resistivity survey, so this is just the beginning of an exciting period of exploration at Belmont."

NSC's exploration is the first significant mineral assessment of one of the earliest and richest silver mining camps in the Tonopah district.

Drilling commenced in mid-July 2022, and these results are from the top few samples from BS2202 (25-33 meters) and are the first to be returned from Paragon Geochemical in Sparks NV.

NSC also wishes to advise that in connection with the Company's indirectly wholly-owned subsidiary, North American Silver Corporation's (NASC) option to purchase five patented lode mining claims in Sections 25 and 36, Township 9 North, Range 45 East, MDM, Nye County, Nevada covering approximately 69.88 acres known as the Belmont Property from Summa, LLC ("Summa"), NASC granted a 1.0% Net Smelter Return (NSR) royalty to Summa. The first 25% of the NSR can be repurchased by NASC at any time for US$1.5M and the second 25% can be repurchased at any time for US$2.5M.

About the Belmont Mining District The Belmont Silver Project covers the majority of old silver workings of the Belmont silver mining camp near the historic Belmont ‘ghost' town. The main mining area is located about 2 kilometers southeast of Belmont (Figures 2 and 3).

Belmont is among the earliest and richest silver mining camps in the Tonopah district with an estimated ore head-grade averaging 25 ounces per ton of silver. Historical accounts describe numerous prospect pits and mine openings of shallow underground workings with the richest ore above the water table where silver occurred mostly as silver chloride (cerargyrite). Silver-bearing sulfides together with copper, molybdenum, lead, zinc, and antimony minerals were reported at depth.

During the camp's silver mining heyday between 1865 and 1889 Belmont's population was about 10,000 and the town was the seat of the Nye County Government. Two main vein systems were mined. The eastern veins (Highbridge and Transylvania ledges) were hosted in slate and limestone and dipped easterly at 40-50 degrees. High-grade mineralization was reported adjacent to hanging walls of massive quartz veins and was generally conformable with strata of Ordovician shale, quartzite and limestone. There appears to have been negligible exploration during recent decades despite high-grade silver samples (up to 5,000 g/t silver) collected from remnant dumps during a surface geochemical study by the US Geological Survey in 1985.

About Nevada Silver Corporation Nevada Silver Corporation (TSXV:NSC) (OTCQB:NVDSF) is a multi-commodity resource company with two exploration projects in the USA. NSC's principal asset is the Corcoran Silver-Gold Project in Nevada. In addition, NSC has management and ownership rights over the Emily Manganese Project in Minnesota, which has been the subject of considerable technical studies, with US$24 million invested to date. Both Corcoran and Emily have been the subject of National Instrument 43-101 compliant mineral resource estimates.

Qualified Person The scientific and technical data contained in this news release was reviewed and approved by Ian James Pringle PhD, who is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

For further Information please contact:

Nevada Silver Corporation Gary Lewis Group CEO & Director T: +1 (416) 941 8900 gl@nevadasilvercorp.com

CHF Capital Markets Perry Rapagna Manager, Corporate Development T: +1 (416) 868-1079 x 230 perry@chfir.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including, without limitation, risks as a result of the Company having a limited operating history and may have a wide variance from actual results, risks concerning the ability to raise additional equity or debt capital to continue its business, uncertainty regarding the inclusion of inferred mineral resources in the mineral resource estimate which are too speculative geologically to be classified as mineral reserves, uncertainty regarding the ability to convert any part of the mineral resource into mineral reserves, uncertainty involving resource estimates and the ability to extract those resources economically, or at all, uncertainty involving exploration (including drilling) programs and the Company's ability to expand and upgrade existing resource estimates, risks involved in any future regulatory processes and actions, risks from making a production decision (if any) without any feasibility study completed on the Company's properties, risks applicable to mining exploration, development and/or operations generally, and risk as a result of the Company being subject to certain covenants with respect to its activities by creditors, as well as other risks.

Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.

All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

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Nevada Silver Corporation (TSXV: NSC) (OTCQB: NVDSF) ("NSC" or the "Company"), further to its press release of March 24, 2022, is pleased to provide an update on its plans to complete a sale of securities of its indirectly wholly owned U.S.A. subsidiary, North Star Manganese Inc ("NSM"). As previously disclosed, NSM intends to issue approximately 3,000,000 shares of common stock of NSM at a price of US$0.25 per share for proceeds of approximately US$750,000 (the "NSM Financing"). The NSM Financing follows the split of its outstanding securities on the basis of 2.3483 new shares for each currently outstanding share. As a result, the outstanding shares of NSM has increased from 12,775,000 shares to 30,000,000 shares. It is anticipated that upon completion of the NSM Financing, there will be approximately 33,000,000 shares of NSM common stock outstanding. If completed, the Company's indirect shareholding in NSM will be reduced to approximately 90.9%. The NSM Financing is subject to the receipt of final approval of the TSX Venture Exchange prior to closing. Proceeds from the NSM Financing will be used to advance technical studies at the Emily Manganese project and for general working capital. No commissions or similar fees are expected to be paid in connection with the NSM Financing. Closing of the NSM Financing is expected to occur before the end of August 2022. Further updates will be provided in respect of the NSM Financing as they occur.

NSM holds the Emily Manganese Project in Minnesota, USA (the "Emily Manganese Project"). The Company's focus is on its Corcoran Silver-Gold Project in Nevada, USA, and does not consider the Emily Manganese Project to be material to its operations. As announced on December 21, 2021, the Company is considering its options with respect to the financing, development and commercialization of the Emily Manganese Project and how best to advance it (any such transaction, a "Value Realization Transaction"). Any Value Realization Transaction will be subject to receipt of all necessary corporate, securities, shareholder, and regulatory approvals, including the approval of the TSX Venture Exchange. There can be no assurances that a Value Realization Transaction will be completed, either on the terms outlined, or at all. Further updates will be provided as they occur. Please see the Company's filing statement dated April 20, 2021, for further information about the Emily Manganese Project, available under the Company's profile at www.SEDAR.com.

Nevada Silver Corporation (TSXV: NSC) (OTCQB: NVDSF) is a multi-commodity resource company with two exploration projects in the USA. NSC's principal asset is the Corcoran Silver-Gold Project in Nevada. In addition, NSC has management and ownership rights over the Emily Manganese Project in Minnesota, which has been the subject of considerable technical studies, with US$24 million invested to date. Both Corcoran and Emily have been the subject of National Instrument 43-101 compliant mineral resource estimates.

This announcement does not constitute an offer of securities for sale in the United States, nor may any securities referred to herein be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933 as amended (the "Securities Act") and the rules and regulations thereunder. The securities referred to herein have not been registered pursuant to the Securities Act and there is no intention to register any of the securities in the United States or to conduct a public offering of securities in the United States.

For further information please contact:

Nevada Silver Corporation  Gary Lewis  Group CEO & Director T: +1 (657) 846 5299 gl@nevadasilvercorp.com

CHF Capital Markets Perry Rapagna Manager, Corporate Development T: +1 (416) 868 1079 ext. 230 perry@chfir.com

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation, including forward-looking statements in connection with the NSM Financing and the Value Realization Transaction. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Nevada Silver to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors " in the Filing Statement dated as of April 20, 2021 which is available for view under the Company's profile at www.SEDAR.com. Forward-looking statements contained herein are made as of the date of this press release and Nevada Silver disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

Nevada Silver's operations could be significantly adversely affected by the effects of the widespread global outbreak of a contagious disease, including the outbreak of illness caused by COVID-19. It is not possible to accurately predict the impact COVID-19 will have on operations and the ability of others to meet their obligations, including uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease, the duration of the outbreak, and the length of travel and quarantine restrictions imposed by governments of affected countries. In addition, a significant outbreak of contagious diseases in the human population could result in a widespread health crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn that could further affect operations and the ability to finance its operations.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/133627

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Nevada Silver Corporation ("NSC" or the "Company") (TSXV:NSC) (OTCQB:NVDSF) is pleased to announce the commencement of drill testing six priority targets at the Company's 100% owned Belmont Silver Project in Nevada, USA (Figures 1 and 2

Six diamond drill holes will test specific sulfide zones within a large "elephant' anomaly (Figure 3) which was recently identified by Induced Polarization (IP) and Resistivity geophysical surveys completed in May (Refer NSC news release dated 15th June 2022).

NSC's exploration is the first significant mineral assessment of one of the earliest and richest silver mining camps in the Tonopah district.

Figure 1. Drill rig setting up at Belmont drill site BSD001

Figure 2. Sulfide breccia intersected in the first drill shift at Belmont

The six drill holes will test zones of alteration, quartz veins/silicification and sulfides associated with silver mineralization beneath and along-trend from the historic silver mines at the abandoned Belmont silver mining camp (Figure 4, Table 1), located 15 kilometers south of the Company's Corcoran silver-gold deposit and 72 kilometers northeast of Tonopah in central Nevada.

Falcon Drilling Inc. (Carson City, NV) has commenced drilling at the first drill site (BSD001) and is expected to take 4 to 5 weeks to complete the diamond drilling program.

NSC CEO Gary Lewis commented:

"The drill holes will test specific targets within a massive anomaly located beneath, and along trend from high-grade, shallow silver deposits mined during the late 1800's. Exploration success at Belmont, not far from NSC's Corcoran Silver-Gold Project, will benefit future development opportunities of both projects and we are looking forward to receiving assay results in coming weeks."

About the Belmont Mining District

The Belmont Silver Project covers the majority of old silver workings of the Belmont silver mining camp near the historic Belmont ‘ghost' town. The main mining area is located about 2 kilometers southeast of Belmont (Figures 5 and 6). Belmont is among the earliest and richest silver mining camps in the Tonopah district with an estimated ore head-grade averaging 25 ounces per ton of silver. Historical accounts describe numerous prospect pits and mine openings of shallow underground workings with richest ore above the water table where silver occurred mostly as silver chloride (cerargyrite). Silver-bearing sulfides together with copper, molybdenum, lead, zinc and antimony minerals were reported at depth.

During the camp's silver mining heyday between 1865 and 1889 Belmont's population was about 10,000 and the town was the seat of Nye County Government. Two main vein systems were mined. The eastern veins (Highbridge and Transylvania ledges) were hosted in slate and limestone and dip easterly at 40-50 degrees. High-grade mineralization was reported adjacent to hanging walls of massive quartz veins and generally conformable with strata of Ordovician shale, quartzite and limestone. There has been negligible exploration during recent decades despite high-grade silver samples (up to 5,000g/t silver) collected from remnant dumps during a surface geochemical study by the US Geological Survey in 1985.

Figure 3. Three-dimensional diagram of the Belmont ‘elephant-shaped' resistivity anomaly. Features (arrowed) are interpreted as high sulfide targets and pervasive silicification. Targets with yellow arrows have been selected for priority drill testing in this program.

Figure 4. Planned drill holes plotted on topography and elevation. IP/resistivity lines (IP LINE 1-7) are shown together with the locations of historic pits, old mine openings and access tracks.

* All holes (BSD001-6) to be drilled towards grid west to 150 meters planned depth but deepening of holes will be undertaken if encouraging mineralization is intersected.

Nevada Silver Corporation (TSXV: NSC) (OTCQB: NVDSF) is a multi-commodity exploration and development company with two US-based exploration projects with NI 43-101 compliant mineral resources and an experienced, multidisciplinary technical team and board. The Company's principal asset is the Corcoran Silver Project in Nevada, which has mineralization near-surface, is open in all directions, and has an Inferred Mineral Resource of 33.5 million silver-equivalent ounces. The Corcoran Silver Project has a number of high-priority exploration targets that provide excellent growth potential. In February 2022, NSC acquired the historic Belmont Silver Project, which was among the earliest and richest silver mining camps in the Tonapah district, with an estimated ore head-grade averaging 25 ounces per ton of silver. In addition to Corcoran and Belmont, NSC has exclusive ownership and management rights over the Emily Manganese Project in Minnesota, USA. The Emily Project contains North America's highest-grade manganese resource and has been the subject of considerable technical studies, with USD$24 million invested to date.

The scientific and technical data contained in this news release was reviewed and approved by Ian James Pringle PhD, who is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Figure 5. Location map of Nevada Silver Corporation's Belmont Silver, North Belmont Silver and Corcoran Canyon Silver-Gold Deposit.

Figure 6. View looking east during drill rig access preparation. The majority of historic silver workings of the Belmont silver mining camp are to the left (north) of this photograph.

For further Information please contact:

Gary Lewis Group CEO & Director T: +1 (657) 846 5299 gl@nevadasilvercorp.com

Perry Rapagna Manager, Corporate Development T: +1 (416) 868-1079 x 230 perry@chfir.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including, without limitation, risks as a result of the Company having a limited operating history and may have a wide variance from actual results, risks concerning the ability to raise additional equity or debt capital to continue its business, uncertainty regarding the inclusion of inferred mineral resources in the mineral resource estimate which are too speculative geologically to be classified as mineral reserves, uncertainty regarding the ability to convert any part of the mineral resource into mineral reserves, uncertainty involving resource estimates and the ability to extract those resources economically, or at all, uncertainty involving exploration (including drilling) programs and the Company's ability to expand and upgrade existing resource estimates, risks involved in any future regulatory processes and actions, risks from making a production decision (if any) without any feasibility study completed on the Company's properties, risks applicable to mining exploration, development and/or operations generally, and risk as a result of the Company being subject to certain covenants with respect to its activities by creditors, as well as other risks.

Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.

All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

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Nevada Silver Corporation ("NSC" or the "Company") (TSXV: NSC) (OTCQB: NVDSF) is pleased to announce that it has received results and evaluation of the recently completed Induced Polarization (IP) and Resistivity survey at the Company's 100% owned Belmont Silver Project in Nevada, USA

This survey is the first significant exploration to be undertaken at the Belmont Silver Project in over a century and has identified a large "elephant"-shaped anomalywith multiple untested targets of potential sulphide mineralization that will be drill-tested in the coming weeks (Figure 1).

Figure 1. Three-dimensional diagram of the Belmont ‘elephant-shaped' resistivity anomaly. Targets (white arrows) are interpreted as high sulphide targets within pervasive silicification.

The pole-dipole IP/Resistivity geophysical survey was completed across the abandoned Belmont silver mining camp, located 15 kilometers south of the Company's Corcoran Silver-Gold deposit and 72 kilometers northeast of Tonopah in central Nevada. The survey was undertaken to identify drill targets in zones of alteration, quartz veins/silicification and sulphides associated with silver mineralization beneath and along-trend from the historic silver mines (Figure 2). A number of extremely interesting resistivity and IP responses that indicate sulphide-rich drill targets have been identified for drill testing.

The study defined both IP responses and zones of high resistivity which appear to be due to both stratigraphic and structurally controlled features. The strongest IP responses are associated with carbonaceous sediments and graphite along crosscutting structures, and many are interpreted to be structurally controlled alteration features that have been identified at surface during recent detailed surface mapping. Associated resistivity highs are related to vein-filled structures and pervasive silicified/pyritic zones that include both vertical and flat-lying structures as well as lithology contacts.

Figure 2. IP/resistivity lines plotted on topography and elevation. The lines are labeled IP LINE 1 through IP LINE 7 from north to south respectively. Locations of historic pits and old mine openings are shown as well as access tracks. Yellow stars identify NSC's top priority drill targets.

Twenty-four resistivity targets and related chargeability anomalies all indicate sulphide-rich accumulations in the vicinity of veins and from these six high priority targets have been selected for initial drill testing (Figure 2)

NSC's CEO Gary Lewis commented:

"The geophysical results show a monster untested anomaly located beneath, and along trend from, high-grade, shallow silver deposits mined during the late 1800s. Nevada Silver has identified very exciting drill targets in what appears to be sulphide-rich mineralization with possible high-silver content."

"With little-to-no exploration in more than a century, NSC is looking forward to drill testing these outstanding targets in coming weeks and has secured drill hole permitting and a drill rig for the work."

"Fresh discoveries of silver, favorably located close to NSC's Corcoran Silver-Gold Project will be a huge benefit to future development opportunities of both projects."

Section data was prepared for each line traverse and Figure 3 (chargeability) and Figure 4 (resistivity) illustrate processed data sections for the northern line (IP LINE 1) which trends along 4270500N (Figure 2). Notably, there are similar and important drill targets on all seven of the traverses.

The high chargeability responses in Figure 3 are coincident with high-resistivity features in Figure 4 and indicate the occurrence of significant sulphide at targets T1, T2, T3, and T4. Similar sulphide targets have been located on all of the lines.

Twenty-four (24) targets have been selected as zones of high-resistivity with coincident or adjacent high-chargeability (interpreted to be sulphide-enriched) and five significant IP targets were also identified. NSC has prioritized these targets based on detailed surface mapping and has initially chosen six for drill testing in July (Figure 2).

Figure 3. The 2D inversion tilt filter of chargeability for Line IP-1. The black, dashed curve is the level of oxidation or a lithology boundary associated with the top of large IP responses. Orange-red colours indicate higher IP responses.

Figure 4. The 2D resistivity tilt filter section for Line IP-1. T1 and T2 are vertical-vein/silicified structures spreading into a joined, horizontal silicified layer. T3 is a vertical vein warped by structural movement with interpreted space opening at the bend. T4 is a vertical-vein/silicified zone.

The Belmont Silver Project covers the majority of old silver workings of the Belmont Silver mining camp near the historic Belmont ‘ghost' town (Figures 5 and 6).

Belmont is among the earliest and richest silver mining camps in the Tonopah district with an estimated ore head-grade averaging 25 ounces per ton of silver. Historical accounts describe numerous prospect pits and mine openings of shallow, underground workings with the richest ore above the water table where silver occurred mostly as silver chloride (cerargyrite). Silver-bearing sulphides together with copper, molybdenum, lead, zinc, and antimony minerals were reported at depth.

During the camp's silver-mining heyday between 1865 and 1889 Belmont's population was about 10,000 and the town was the seat of Nye County government. Two main vein systems were mined. The eastern veins (Highbridge and Transylvania ledges) were hosted in slate and limestone and dip easterly at 40-50 degrees. High-grade mineralization was reported adjacent to hanging walls of massive quartz veins and was generally conformable with strata of Ordovician shale, quartzite, and limestone. There appears to have been negligible exploration during recent decades despite high-grade silver samples (up to 5,000 g/t silver) collected from remnant dumps during a surface geochemical study by the US Geological Survey in 1985.

Figure 5. Location map of Nevada Silver's Belmont Silver, North Belmont Silver and Corcoran Canyon Silver-Gold Deposit.

Figure 6. View to the northeast across the Belmont Silver Project towards Corcoran. The Belmont survey area is in the middle distance to the left.

The seven lines of pole-dipole IP/resistivity survey were completed by Rock Bottom Geophysics (RBG) during April and May 2022. A 50-meter a-spacing was used and n-spacing's of one through ten were recorded. The line direction of 90/270 was based on geologic trend and lines are spaced at 200-meter intervals (Figure 2).

RBG provided the data as ascii station location (XYZ), Elrec Pro (bin), Pseudo-sections (N level and Topo base) and as 2D Inversion Models (including XYZ ) files. The data was forwarded to Thomas V Weis and Associates Inc. for reprocessing of inversion sections to enhance subtler IP and resistivity inversion responses. A number of filters were evaluated but the ‘Tilt Angle Filter' was selected as the most useful and geophysical exploration targets were identified from section plots by Tom Weis.

A series of plan map elevation slices were extracted from the inversion model to show IP and resistivity data distribution in a horizontal spatial sense and both 2D IP and resistivity sections of all seven lines were prepared.

Patented Claims at the Belmont Silver Project

Further to the press release of March 24, 2022, the Company wishes to advise that Summa, LLC ("Summa") and the Company have agreed to amend the option and purchase agreement dated February 11, 2022 (the "Agreement") to remove the option of Summa to accept common shares of the Company in lieu of cash payments on the second through fourth anniversary dates of the Agreement. The Company has now issued 118,750 common shares to Summa. As a result, no further common shares are issuable to Summa under the Agreement. All other terms and conditions of the Agreement remain in force and effect, unamended.

The scientific and technical data contained in this news release was reviewed and approved by Ian James Pringle PhD, who is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Nevada Silver Corporation (TSXV: NSC) (OTCQB: NVDSF) is a multi-commodity exploration and development company with two US-based exploration projects with NI 43-101 compliant mineral resources and an experienced, multidisciplinary technical team and board. The Company's principal asset is the Corcoran Silver Project in Nevada, which has mineralization near-surface, is open in all directions, and has an Inferred Mineral Resource of 33.5 million silver-equivalent ounces. The Corcoran Silver Project has a number of high-priority exploration targets that provide excellent growth potential. In February 2022, NSC announced that it had acquired the historic Belmont Silver Project, which was among the earliest and richest silver mining camps in the Tonapah district, with an estimated ore head-grade averaging 25 ounces per ton of silver. In addition to Corcoran and Belmont, NSC has exclusive ownership and management rights over the Emily Manganese Project in Minnesota, USA. The Emily Project contains North America's highest-grade manganese resource and has been the subject of considerable technical studies, with USD$24 million invested to date.

For further information please contact:

Nevada Silver Corporation Gary Lewis Group CEO & Director T: +1 (416) 941 8900 gl@nevadasilvercorp.com

CHF Capital Markets Perry Rapagna Manager, Corporate Development & Senior Account Manager T: +1 (416) 868 1079 ext. 230 perry@chfir.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including, without limitation, risks as a result of the Company having a limited operating history and may have a wide variance from actual results, risks concerning the ability to raise additional equity or debt capital to continue its business, uncertainty regarding the inclusion of inferred mineral resources in the mineral resource estimate which are too speculative geologically to be classified as mineral reserves, uncertainty regarding the ability to convert any part of the mineral resource into mineral reserves, uncertainty involving resource estimates and the ability to extract those resources economically, or at all, uncertainty involving exploration (including drilling) programs and the Company's ability to expand and upgrade existing resource estimates, risks involved in any future regulatory processes and actions, risks from making a production decision (if any) without any feasibility study completed on the Company's properties, risks applicable to mining exploration, development and/or operations generally, and risk as a result of the Company being subject to certain covenants with respect to its activities by creditors, as well as other risks.

Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.

All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

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Nevada Silver Corporation ("NSC" or the "Company") (TSXV:NSC)(OTCQB:NVDSF) announces that Sheldon Inwentash has resigned as Non-Executive Chairman of NSC, with immediate effect

John Kutkevicius, a Director of the Company, will assume the role of interim Chair until a permanent replacement is announced. He holds a Bachelor of Commerce from Queen's University, a Bachelor of Laws from the University of Western Ontario and a Master of Laws from York University. John practices law exclusively in the areas of income tax and estate planning and has extensive experience in diverse areas of the income tax practice, including corporate reorganizations, mergers and acquisitions, financings, resource taxation, insurance taxation and dispute resolution. John formerly sat on the board of directors of several junior resource companies including Chariot Resources Ltd., Barkerville Gold Mines Ltd. and Changfeng Energy, Inc. and is a member of the Canadian Tax Foundation.

Nevada Silver Corporation(TSX.V:NSC) (OTCQB:NVDSF) is a multi-commodity exploration and development company with two US-based exploration projects with NI 43-101 compliant mineral resources and an experienced, multidisciplinary technical team and board. The Company's principal asset is the Corcoran Silver Project in Nevada, which has mineralization near-surface, is open in all directions, and has an Inferred Mineral Resource of 33.5 million silver-equivalent ounces. The Corcoran Silver Project has a number of high-priority exploration targets that provide excellent growth potential. In February 2022, NSC announced that it had acquired the historic Belmont Silver Project, which was among the earliest and richest silver mining camps in the Tonapah district, with an estimated ore head-grade averaging 25 ounces per ton of silver. In addition to Corcoran and Belmont, NSC has exclusive ownership and management rights over the Emily Manganese Project in Minnesota, USA. The Emily Project contains North America's highest-grade manganese resource and has been the subject of considerable technical studies, with USD$24 million invested to date.

For further information please contact:

Nevada Silver Corporation Gary Lewis Group CEO & Director T: +1 (416) 941 8900 gl@nevadasilvercorp.com

CHF Capital Markets Perry Rapagna Manager, Corporate Development & Senior Account Manager T: +1 (416) 868 1079 ext. 230 perry@chfir.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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TinOne Resources Inc. (TSX-V: TORC) (OTCQB: TORCF) (" TinOne " or the " Company ") is pleased to announce that it has entered into a definitive purchase agreement (the "Definitive Agreement") whereby TinOne will acquire a 100% undivided interest in the Rattler Range tin project (" Rattler Range ") in northeastern Tasmania, Australia .

" We are extremely excited to add the Rattler Range tin project to the TinOne portfolio and increase our land holdings in the well-endowed Northeast Tasmania tin province," stated Chris Donaldson , TinOne's Executive Chairman. "Rattler Range underpins our key strategy of acquiring known historical tin districts and applying modern exploration techniques to unlock value."

The Rattler Range project, consisting of a 32km 2 exploration license (EL10/2019), is a highly prospective tin project in northeastern Tasmania, Australia and located only 64km from the city of Launceston. Historical records 1 indicate the presence of 47 individual named tin occurrences across a 12km long, northwesterly oriented mineralized trend that has seen very little on-ground exploration since the 1980s. The district contains hard rock greisen and vein mineralization in a cupola zone of highly fractionated, evolved granite.

High priority initial targets include Bells Hill where multiple mineralized lodes, 1.5 to 6 metres wide, occur over an area of at least 500m of strike length. No systematic exploration has been conducted and only 2 drill holes have been completed at the prospect. Other priority targets include the multi-kilometer scale tin-bearing alteration zones at Ruby Flats, Walsh's , Mammoth and Mt Paris.

The Company's geological team will mobilize to the field in coming weeks to undertake initial reconnaissance mapping and rock sampling to define priorities for detailed follow up. It is anticipated that these programs will define quality targets for drilling in future campaigns.

Pursuant to the Definitive Agreement, TinOne will acquire a 100% undivided interest in the Rattler Range tin project in consideration for the issuance of C$100,000 of common shares in the capital of the Company (the " Consideration Shares "). The deemed value of the Consideration Shares shall be the greater of (i) the

1 Source: Mineral Resources Tasmania www.mrt.tas.gov.au

15-day volume weighted average price of the Company's common shares on TSX Venture Exchange (the " TSXV ") on the day prior to the closing date, and (ii) $0.10 , being the closing price of the Company's common shares on the TSXV on Aug 29, 2022 .

Additionally, TinOne has agreed to grant the Rattler Range vendor a 2% net smelter returns royalty over the project (the " NSR "). TinOne will have the right, at any time upon notice being given to the NSR holder, to repurchase 1/2 of the NSR for C$1,000,000 in cash.

The acquisition of Rattler Range is subject to satisfaction of certain closing conditions including, among other things, the approval of the TSXV. All securities issued in connection with the Definitive Agreement are subject to a hold period expiring four months and one day from the date of issuance. It is anticipated that the acquisition will close in September, 2022.

The Company also announces that it has granted 2,190,000 incentive stock options to certain Directors, Employees, Consultants and Advisors of the Company. The incentive stock options will vest over a period of two years, have an exercise price of $0.10 per share, and are valid for a 5-year period from the date of grant. The options were granted pursuant to the Company's incentive stock option plan and are subject to regulatory approval.

TinOne is a TSX Venture listed Canadian public company with a high-quality portfolio of tin and gold projects in the Tier 1 mining jurisdictions of Tasmania and New South Wales, Australia . The Company is  focussed on advancing its highly prospective portfolio through aggressive exploration programs.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes certain "Forward‐Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward‐looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward‐looking statements or information. These forward‐looking statements or information relate to, among other things: the development of the Company's projects, including drilling programs and mobilization of drill rigs; future mineral exploration, development and production; and completion of a maiden drilling program.

Forward‐looking statements and forward‐looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of TinOne, future growth potential for TinOne and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of gold and other metals; no escalation in the severity of the COVID-19 pandemic; costs of exploration and development; the estimated costs of development of exploration projects; TinOne's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect TinOne's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward‐looking statements or forward-looking information and TinOne has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company's dependence on early stage mineral projects; metal price volatility; risks associated with the conduct of the Company's mining activities in Australia ; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding mineral resources and reserves; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of COVID-19; the economic and financial implications of COVID-19 to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities and artisanal miners; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in TinOne's management discussion and analysis. Readers are cautioned against attributing undue certainty to forward‐looking statements or forward-looking information. Although TinOne has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. TinOne does not intend, and does not assume any obligation, to update these forward‐looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2022/30/c2938.html

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Coquitlam, BC TheNewswire - August 29, 2022 Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to provide an update on its initial exploration work at five properties with EV battery metals potential in Québec.

Canada Silver Cobalt owns 14 battery metals properties in Quebec totalling 31,201 hectares.

The Company has begun grassroots exploration on four properties located on the North Shore (Côte-Nord) of the St. Lawrence River:  Grande Portage, LPM-LPMN, Boudrias (North and South) and B30 Shear. The technical team used existing logging roads and ATV/walking trails, and activities included access reconnaissance, prospecting favorable rock types, and using the Beep Mat to locate conductors. On select properties where conductive rock was identified using the Beep Mat tool, channel samples were taken with a rock saw. The team collected 35 samples which have been sent to a laboratory and assay results will be disclosed once received and validated.

The Beep Mat is a robust exploration tool that enhances geological mapping and prospecting activities. It detects magnetic and conductive bedrock underneath the location that it traverses. It provides real-time EM and magnetic data that can be used to identify prospective outcrops that might not otherwise be visible if covered with overburden.

The fifth property – Lowney-Lac Edouard – is located in central Quebec, East of La Tuque, and is where a helicopter VTEM survey has been completed. The preliminary maps of the survey have been provided and the Company is awaiting the final report from Geotech. Five anomalies are identified with the VTEM System B-Field Z-data profiles map. The Company plans to follow-up the results of the geophysical survey once the data has been reviewed.

"This has been quite an energetic year for Canada Silver Cobalt, filled with activities at five other battery metals properties besides our flagship Graal property in Quebec and at the Castle silver-cobalt and Eby-Otto gold properties in Ontario. We are proud of our technical team for accomplishing so much this year. We plan to keep the momentum going and can't wait to show you the results of our exploration work as we receive them and our progress in other exciting developments for our Company," stated Matthew Halliday, P.Geo., President and Chief Operating Officer.

Table 1: Property information and type of work completed.

Figure 1: Location of all CCW properties

Click Image To View Full Size

in Quebec. Green represents which properties were visited in this phase of grassroots exploration.

Click Image To View Full Size

Figure 2: The Grand-Portage property map with field traverses.

Click Image To View Full Size

Figure 3: The LPM-LPMN property map with field traverses.

Click Image To View Full Size

Figure 4: The Boudrias North property map with field traverses.

Click Image To View Full Size

Figure 5: The Boudrias South property map with field traverses.

Click Image To View Full Size

Figure 6: The B30 Shear property map with field traverses.

The technical information in this news release was prepared under the supervision of Claude Duplessis P.Eng of GoldMinds Geoservices, a qualified person in accordance with National Instrument 43-101, and reviewed by Matthew Halliday, P.Geo., (PGO), President and COO of Canada Silver Cobalt Works Inc., a qualified person in accordance with National Instrument 43-101.

About Canada Silver Cobalt Works Inc.

Canada Silver Cobalt Works Inc. recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100%-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 60,000m drill program aimed at expanding the size of the deposit with an update to the resource estimate underway.

In May 2020, based on a small initial drill program, the Company published the region's first 43-101 resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 meters. Note that mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to Canada Silver Cobalt Works Press Release May 28, 2020, for the resource estimate. Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13, 2020.

The Company also has: (1) 14 battery metals properties in Northern Quebec where it has recently completed an almost 15,000-metre drill program on the Graal property and an airborne VTEM geophysical survey is being conducted at it Lowney-Lac Edouard property; and (2) the prospective 1,000-hectare Eby-Otto gold property close to Agnico Eagle's high-grade Macassa Mine near Kirkland Lake, Ontario where it is is exploring in 2022.

Canada Silver Cobalt's flagship silver-cobalt Castle mine and 78 sq. km Castle Property feature strong exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich gravity concentrates, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations), Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space. More information at www.canadasilvercobaltworks.com .

"Frank J. Basa"

Frank J. Basa, P. Eng.

Frank J. Basa, P.Eng.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements which include, but are not limited to, comments regarding the Offering and comments that involve other future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address the Offering, resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, future financings, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. No assurance can be given that the Offering will close on the terms and conditions set out in this news release or at all. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. A detailed discussion of the risk factors encountered by Canada Silver Cobalt is available in the Company's Annual Information Form dated July 19, 2021 for the fiscal year ended December 31, 2020 available under the Company's profile on SEDAR at www.sedar.com.

Copyright (c) 2022 TheNewswire - All rights reserved.

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Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB: CCWOF) (FSE: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to provide an update on its initial exploration work at five properties with EV battery metals potential in Québec.

Canada Silver Cobalt owns 14 battery metals properties in Quebec totalling 31,201 hectares.

The Company has begun grassroots exploration on four properties located on the North Shore (Côte-Nord) of the St. Lawrence River: Grande Portage, LPM-LPMN, Boudrias (North and South) and B30 Shear. The technical team used existing logging roads and ATV/walking trails, and activities included access reconnaissance, prospecting favorable rock types, and using the Beep Mat to locate conductors. On select properties where conductive rock was identified using the Beep Mat tool, channel samples were taken with a rock saw. The team collected 35 samples which have been sent to a laboratory and assay results will be disclosed once received and validated.

The Beep Mat is a robust exploration tool that enhances geological mapping and prospecting activities. It detects magnetic and conductive bedrock underneath the location that it traverses. It provides real-time EM and magnetic data that can be used to identify prospective outcrops that might not otherwise be visible if covered with overburden.

The fifth property - Lowney-Lac Edouard - is located in central Quebec, East of La Tuque, and is where a helicopter VTEM survey has been completed. The preliminary maps of the survey have been provided and the Company is awaiting the final report from Geotech. Five anomalies are identified with the VTEM System B-Field Z-data profiles map. The Company plans to follow-up the results of the geophysical survey once the data has been reviewed.

"This has been quite an energetic year for Canada Silver Cobalt, filled with activities at five other battery metals properties besides our flagship Graal property in Quebec and at the Castle silver-cobalt and Eby-Otto gold properties in Ontario. We are proud of our technical team for accomplishing so much this year. We plan to keep the momentum going and can't wait to show you the results of our exploration work as we receive them and our progress in other exciting developments for our Company," stated Matthew Halliday, P.Geo., President and Chief Operating Officer.

Table 1: Property information and type of work completed.

Figure 1: Location of all CCW properties in Quebec. Green represents which properties were visited in this phase of grassroots exploration.

To view an enhanced version of Figure 1, please visit: https://images.newsfilecorp.com/files/2093/135162_c3479b21847988b8_002full.jpg

Figure 2: The Grand-Portage property map with field traverses.

To view an enhanced version of Figure 2, please visit: https://images.newsfilecorp.com/files/2093/135162_c3479b21847988b8_003full.jpg

Figure 3: The LPM-LPMN property map with field traverses.

To view an enhanced version of Figure 3, please visit: https://images.newsfilecorp.com/files/2093/135162_c3479b21847988b8_004full.jpg

Figure 4: The Boudrias North property map with field traverses.

To view an enhanced version of Figure 4, please visit: https://images.newsfilecorp.com/files/2093/135162_c3479b21847988b8_005full.jpg

Figure 5: The Boudrias South property map with field traverses.

To view an enhanced version of Figure 5, please visit: https://images.newsfilecorp.com/files/2093/135162_c3479b21847988b8_006full.jpg

Figure 6: The B30 Shear property map with field traverses.

To view an enhanced version of Figure 6, please visit: https://images.newsfilecorp.com/files/2093/135162_c3479b21847988b8_007full.jpg

The technical information in this news release was prepared under the supervision of Claude Duplessis P.Eng of GoldMinds Geoservices, a qualified person in accordance with National Instrument 43-101, and reviewed by Matthew Halliday, P.Geo., (PGO), President and COO of Canada Silver Cobalt Works Inc., a qualified person in accordance with National Instrument 43-101.

About Canada Silver Cobalt Works Inc.

Canada Silver Cobalt Works Inc. recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100%-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 60,000m drill program aimed at expanding the size of the deposit with an update to the resource estimate underway.

In May 2020, based on a small initial drill program, the Company published the region's first 43-101 resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 meters. Note that mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to Canada Silver Cobalt Works Press Release May 28, 2020, for the resource estimate. Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13, 2020.

The Company also has: (1) 14 battery metals properties in Northern Quebec where it has recently completed an almost 15,000-metre drill program on the Graal property and an airborne VTEM geophysical survey is being conducted at it Lowney-Lac Edouard property; and (2) the prospective 1,000-hectare Eby-Otto gold property close to Agnico Eagle's high-grade Macassa Mine near Kirkland Lake, Ontario where it is is exploring in 2022.

Canada Silver Cobalt's flagship silver-cobalt Castle mine and 78 sq. km Castle Property feature strong exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich gravity concentrates, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations), Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space. More information at www.canadasilvercobaltworks.com.

"Frank J. Basa" Frank J. Basa, P. Eng. Chief Executive Officer

For further information, contact: Frank J. Basa, P.Eng. Chief Executive Officer 416-625-2342

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements which include, but are not limited to, comments regarding the Offering and comments that involve other future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address the Offering, resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, future financings, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. No assurance can be given that the Offering will close on the terms and conditions set out in this news release or at all. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. A detailed discussion of the risk factors encountered by Canada Silver Cobalt is available in the Company's Annual Information Form dated July 19, 2021 for the fiscal year ended December 31, 2020 available under the Company's profile on SEDAR at www.sedar.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/135162

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TSX Venture Exchange (TSX-V): LIT Frankfurt Stock Exchange (FSE): OAY3 OTCQB Venture Market (OTC): PNXLF

Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) ("Argentina Lithium" or the "Company") announces that it has closed the private placement announced on July 21, 2022 and increased on August 9 and August 11, 2022 through the issuance of 10,415,000 Units in this 2 nd and final tranche (the "Final Tranche") for aggregate gross proceeds to the Company of $2,083,000 . In total, the Company has closed on 16,630,000 Units for aggregate gross proceeds of $3,326,000 . The Company has also closed the acquisition of the Rinconcita II mining concession area ("Rinconcita II") located on the Salar de Rincon in Salta Province Argentina from provincially-owned company Recursos Energéticos y Mineros Salta S.A. ("REMSA"), as previously announced by the Company on July 21, 2022 .

Each Unit consists of one common share and one transferrable common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at $0.38 per share for two years from the date of issue, expiring on August 25, 2024 for this Final Tranche.

No Finder's Fees were paid in the Final Tranche. In total, $36,260 were paid in cash on a portion of the private placement to parties at arm's length to the Company. In addition, 181,300 non-transferable finder's warrants were issued (the "Finder's Warrants"). Each Finder's Warrant entitles a finder to purchase one common share at a price of $0.38 per share for two years from the date of issue, expiring on August 25, 2024 .

There were no insiders who participated in the Final Tranche, however, certain insiders of the Company participated in the Private Placement for $20,000 in Units. Such participation represents a related-party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101 "), but the transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the subject matter of the transaction, nor the consideration paid, exceed 25% of the Company's market capitalization.

A new Control Person on a diluted basis was created in this tranche. This individual has agreed that he will not exercise any of the Warrants if such exercise will result in his beneficially owning or having control or direction over that number of voting securities of the Company which is 20% or greater of the total issued and outstanding voting securities of the Company, immediately after giving effect to such exercise, or result in the undersigned becoming a "Control Person" as defined in the policies of the TSX Venture Exchange (the "Exchange").

This financing is subject to regulatory approval and all securities to be issued pursuant to this Final Tranche of the financing are subject to a four-month hold period expiring on December 27, 2022 .

The proceeds of the financing were used, in part, to complete the acquisition of Rinconcita II from REMSA. The balance of the proceeds will be used for general working capital and exploration on its properties in Argentina . In consideration for the acquisition of Rinconcita II, the Company made a payment to REMSA of USD$2,500,000 and granted REMSA a 3% net smelter return of mineral and refined products sourced from Rinconcita II over its production life, if the property advances to the production stage. The Company's acquisition of Rinconcita II is subject to the final acceptance of the Exchange which should be available upon filing of a signed copy of the agreement with the Exchange.

About Argentina Lithium Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in Argentina and advancing them towards production in order to meet the growing global demand from the battery sector. The management group has a long history of success in the resource sector of Argentina and has assembled a first rate team of experts to acquire and advance the best lithium properties in the world renowned "Lithium Triangle". The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Nikolaos Cacos" _______________________________ Nikolaos Cacos , President, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States .

Cautionary Note Regarding Forward Looking Statements This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur and include statements regarding regulatory acceptance of the Company's private placement and acquisition of Rinconcita II and statements regarding the Company's proposed use of proceeds of the private placement. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

SOURCE Argentina Lithium & Energy Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2022/25/c1611.html

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The purchase of a 10-acre industrial-zoned property with direct Highway 11 access will allow Canada Silver Cobalt abundant area for core handling and more efficient use of space

Coquitlam, BC TheNewswire - August 25, 2022 - Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Silver Cobalt") announces that it has closed its acquisition to acquire a 10-acre (4 hectare) property fronting Highway 11 near Cobalt, ON, that will be used as the central hub for all of the Company's Ontario and Quebec operations for a cash consideration of $265,000 which sum represents the value of the property of $465,000, less $200,000 in previously paid lease payments.

The Company entered into a Purchase and Sale Agreement on December 6, 2021, which was revised on April 26, 2022, and further amended on August 23, 2022 to reflect the revised purchase price and the previous lease payments that were made.

The property houses a 4,000 square-foot, fully serviced warehouse that is currently being leased by the Company and used as its main core processing facility. The access to Highway 11 allows for easy transportation of core, samples, and distribution of Company staff to projects across Ontario and Quebec. The property is located on the power grid and does not require any generators. The location is close to Timiskaming Shores and Cobalt, ON and provides easy access to supplies and amenities for Company staff. The property also contains an extra building.

The warehouse has already been converted into a full-service facility that fits the Company's current needs, but will also allow for further expansion as the Company grows. The facility is being used for offices, core logging, sampling, core cutting, and long-term core storage - all located on site.

The purchase of the property is subject to final approval by the TSX Venture Exchange. The vendor of the property is a company controlled by a family member of one of the directors and officers of the Company.

About Canada Silver Cobalt Works Inc.

Canada Silver Cobalt Works Inc. recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100%-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 60,000m drill program aimed at expanding the size of the deposit with an update to the resource estimate underway.

In May 2020, based on a small initial drill program, the Company published the region's first 43-101 resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 meters. Note that mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to Canada Silver Cobalt Works Press Release May 28, 2020, for the resource estimate. Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13, 2020.

The Company also has: (1) 14 battery metals properties in Northern Quebec where it has recently completed a nearly 15,000-metre drill program on the Graal property; and (2) the prospective 1,000-hectare Eby-Otto gold property close to Agnico Eagle's high-grade Macassa Mine near Kirkland Lake, Ontario where it will be exploring in 2022.

Canada Silver Cobalt's flagship silver-cobalt Castle mine and 78 sq. km Castle Property feature strong exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich gravity concentrates, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations), Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space. More information at www.canadasilvercobaltworks.com

"Frank J. Basa"

Frank J. Basa, P. Eng.

Frank J. Basa, P.Eng.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements which include, but are not limited to, comments regarding future financings, if any, pursuant to the short form base shelf prospectus referred to above, and comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, future financings, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. A detailed discussion of the risk factors encountered by Canada Silver Cobalt is available in the Company's Annual Information Form dated July 19, 2021 for the fiscal year ended December 31, 2020 available under the Company's profile on SEDAR at www.sedar.com.

Copyright (c) 2022 TheNewswire - All rights reserved.

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Ion Energy Limited (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) ("ION" or the "Company") is pleased to share further results of an additional TEM (Transient Electro Magnetic) line that intercepted the previously announced 8 TEM lines completed on its Urgakh Naran project.

"An exciting milestone for the Company that validates the results of the previously announced TEM results as well as provide the Company with a means to calculate the brine body on the basis of the low resistivity zone, bringing us one step closer to providing a resource estimate on a market altering deposit at Urgakh Naran," said Ali Haji, CEO & Director of Ion Energy.

The TEM survey validates the high conductivity and low resistivity seen across the previously announced lines across the basin, validating extensions, faults, and displacements affecting the Urgakh Naran aquifer. The Company is equally happy to share results from the extensive drilling operations that we have concluded on the expansive Baavhai Uul licence.

Ion Energy has successfully completed an additional 16 line-km TEM survey on its Urgakh Naran project in Mongolia that intersects the previously announced 82 line-km completed.

Figure 1: Low Resistivity Zone shown with lines 1 through 9.

To view an enhanced version of Figure 1, please visit: https://images.newsfilecorp.com/files/6906/134827_3563649604719999_002full.jpg.

Following the low resistivity northeast structures narrowing from the southwest to the northeast direction, the company completed line 9 intersecting all lines previously completed.

Figure 2: Low Resistivity Zone confirmed by Line 9

To view an enhanced version of Figure 2, please visit: https://images.newsfilecorp.com/files/6906/134827_figure%202%20ion.jpg.

The Company calculates a 22.7 billion cubic meter low resistivity brine body with a cut off of

Figure 3. Low resistivity zone volume at Urgakh Naran.

To view an enhanced version of Figure 3, please visit: https://images.newsfilecorp.com/files/6906/134827_3563649604719999_004full.jpg.

The Company is now working to determine the location of the monitoring well locations and is mobilizing rigs in country to commence a program in the coming weeks. The three hole monitoring well drill program will allow Ion Energy to obtain samples for hydrogeological sampling, porosity testing, flow rates and depth-specific brine sample measurements that will include chemical assays with the objective of announcing a mineral resource estimate in Q4 2022. The Company has confirmed a site visit in late September this year that will include technical experts, strategics and analysts.

As reported to market, Ion Energy completed a significant auger program across the vast Baavhai Uul licence, and alongside the 1502 ppm Li seen at the White Wolf Prospect at Baavhai Uul, the Company reports the discovery of strong CuNi anomalies as reported by Aranjin Resources Ltd, further solidifying the value of the Reciprocal Mining Rights Agreement entered into with Aranjin Resources Ltd on February 1, 2022.

Figure 4. Victory CuNi Discovery at Baavhai Uul.

To view an enhanced version of Figure 4, please visit: https://images.newsfilecorp.com/files/6906/134827_3563649604719999_005full.jpg.

All technical information disclosed in this press release has been reviewed and approved by Khurelbaatar Lamzav, P.Geo., an independent consultant to the Company and a "Qualified Person" under National Instrument 43-101.

ION Energy Ltd. (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) is committed to exploring and developing Mongolia's lithium salars. ION's flagship, 81,000+ hectare Baavhai Uul lithium brine project, represents the largest and first lithium brine exploration licence award in Mongolia. ION also holds the 29,000+ hectare Urgakh Naran highly prospective Lithium Brine licence in Dorngovi Province in Mongolia. ION is well-poised to be a key player in the clean energy revolution, positioned well to service the world's increased demand for lithium. Information about the Company is available on its website, www.ionenergy.ca, or under its profile on SEDAR at www.sedar.com.

COMPANY CONTACT: Ali Haji, ali@ionenergy.ca, 647-871-4571

MEDIA CONTACT: Siloni Waraich, siloni@ionenergy.ca, 416-432-4920

Cautionary Note Regarding Forward-Looking Information

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Information set forth in this news release contains forward-looking statements. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, potential mineralization, exploration and development results, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Important factors that could cause actual results to differ materially from Ion Energy's expectations include, among others, uncertainties relating to availability and costs of financing needed in the future, changes in equity markets, risks related to international operations, the actual results of current exploration activities, delays in the development of projects, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of lithium, and ability to predict or counteract potential impact of COVID-19 coronavirus on factors relevant to the Company's business. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134827

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