NOCSF - Exploration Results On Norseman's Caribou Copper-Silver Project British Columbia

(TheNewswire)

Vancouver, British Columbia - TheNewswire - February 22, 2022 - Norseman SilverInc. (TSXV:NOC) ( OTC :NOCSF) (“ Norseman ” or the “ Company ”) ispleased to announce that 3 concessions with a total area ofapproximately 3,567 hectares have been covered during fall 2021 fieldprogram. Detailed grid soil geochemical sampling was carried outwithin two separate blocks to cover in detail the NH and the CaribouWest targets.

“Norseman is very pleased with the initial results todate that have shown significant copper values on surface at theCaribou Project, underlain by corresponding geophysical anomalies. Weare looking forward to advancing this exciting project, as well asexpanding our activities in Argentina.” stated, Sean Hurd, President& CEO.

A total of 148 rock outcrop and float samples werecollected at the Caribou property. An outcrop sample from CaribouWest, graded 42% Cu and 384 ppm Ag. From the total samples collectedto date, 45 samples or 30% have Cu contents of 1% and above. Althoughmost of these were from the NH area, significant numbers were alsotaken from the Caribou West.

The soil geochemistry defined areas with elevatedvalues for Cu, Ag, Pb and Zn within the NH and Caribou West targets.The positively anomalous values show a NE-SW trend at NH and an E-Wtrend at Caribou West. Results to date have identified targetsapproximately 30-hectare and 40-hectare zones in the Caribou West andNH. (see table below and map below).

Ground IP and Magnetometer surveys were also carriedout within a section of the soil sampling block at the NH area. Six(6) survey lines spaced 100 meters apart and with a total length of6.3 kms. were covered by the survey. The IP work employed apole-dipole array and along the same survey lines, total magneticreadings were taken at 5 to 10-meter intervals.

Table 1. Significant Results from Caribou Project todate.

Qualified Person

The technical information in this news release wasreviewed by Rene Victorino, P. Geo., Vice President for Exploration ofNorseman Silver Inc., a qualified person as defined under NationalInstrument 43-101  (NI 43-101).

This press release does not constitute an offer to sellor a solicitation of an offer to buy any of the securities in theUnited States. The securities have not been and will not be registeredunder the United States Securities Act of 1933, as amended, or anystate securities laws and may not be offered or sold within the UnitedStates or to or for the account or benefit of a U.S. person (asdefined in Regulation S under the United States Securities Act) unlessregistered under the U.S. Securities Act and applicable statesecurities laws or an exemption from such registration isavailable.

On behalf of Norseman Silver Inc.

Sean Hurd
President and CEO

For further information, pleasecontact:

Sean Hurd
T: 604 505-4554

info@norsemansilver.com

Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.

CAUTIONARYSTATEMENT REGARDING FORWARD-LOOKING INFORMATION:

This news release includes certain"forward-looking statements" which are not comprised ofhistorical facts. Forward looking statements include estimates andstatements that describe the Company’s future plans, objectives orgoals, including words to the effect that the Company or managementexpects a stated condition or result to occur. Forward-lookingstatements may be identified by such terms as “believes”,“anticipates”, “expects”, “estimates”, “may”,“could”, “would”, “will”, or “plan”. Sinceforward-looking statements are based on assumptions and address futureevents and conditions, by their very nature they involve inherentrisks and uncertainties. Although these statements are based oninformation currently available to the Company, the Company providesno assurance that actual results will meet management’sexpectations. Risks, uncertainties and other factors involved withforward-looking information could cause actual events, results,performance, prospects and opportunities to differ materially fromthose expressed or implied by such forward-looking information. Forward looking informationin this news release includes, but is not limited to: the Company’sobjectives, goals or future plans; exploration and drillingactivities; final approval of the Offering; and the use of theproceeds from the Offering. Factors that could cause actual results todiffer materially from such forward-looking information include, butare not limited to: delays in obtaining or failures to obtain requiredgovernmental, environmental or other project approvals; politicalrisks; inability to fulfill the duty to accommodate indigenouspeoples; uncertainties relating to the availability and costs offinancing needed in the future; changes in equity markets; inflation;changes in exchange rates; fluctuations in commodity prices; delays inthe development of projects; capital and operating costs varyingsignificantly from estimates; other risks involved in the mineralexploration and development industry; an inability to predict andcounteract the effects of COVID-19 on the business of the Company andmarkets generally; and those risks set out in the Company’s publicdocuments filed on SEDAR. Although the Company believes that theassumptions and factors used in preparing the forward-lookinginformation in this news release are reasonable, undue reliance shouldnot be placed on such information, which only applies as of the dateof this news release, and no assurance can be given that such eventswill occur in the disclosed time frames or at all. The Companydisclaims any intention or obligation to update or revise anyforward-looking information, whether as a result of new information,future events or otherwise, other than as required by law.

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