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Nevada Silver Corporation Announces Board Changes

Management Changes

NEVADA SILVER CORPORATION ANNOUNCES BOARD CHANGES

Toronto, Ontario, 14th June 2022: 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.

About Nevada Silver Corporation

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

[email protected]

CHF Capital Markets

Perry Rapagna

Manager, Corporate Development & Senior Account Manager

T: +1 (416) 868 1079 ext. 230

[email protected]

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.