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Exploration Update Taquetren Project, Argentina

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Exploration Update Taquetren Project, Argentina

Vancouver, British Columbia March 8, 2022 – Norseman Silver Inc. (TSXV:NOC) (Q:NOCSF)

(“Norseman” or the “Company”) is pleased to announce an exploration update on the Taquetren Silver-

Gold Project in Southern Argentina. Exploration has successfully discovered a low sulphidation (LS)

epithermal vein system within its 285 sq. km Taquetren project in Rio Negro, Argentina.

Towards the southern sections of the group of claims (or SSW sections of Coiron 3 claim), the team

encountered a highly mineralized vein with distinct Cu sulfides/oxides (Veta Juan). A calcite-quartz-

sulfide vein (10-20 cm wide) and traceable to a strike length of about 300 meters was observed. Seven (7)

samples collected along the vein’s strike (outcrop and floats) all assayed >1% Cu. Four of the samples

contain >100 ppm Ag, two of which having >200 ppm Ag. Gold is also anomalous and ranges in values

from 0.06 to 0.49 ppm. Although the structure is quite narrow, this is a very encouraging occurrence and

an indication of a currently perceived Calcatreu-type of mineralization in the area. This certainly comes in

as one distinct target area.

Along the western portion of the claims, and still following the margins of a circular structure,

Norseman’s team has also encountered the same geology/stratigraphic sequence similar to the Navidad

setting i.e., carbonate rocks on top of a volcanic breccia rock unit. These rocks serve as the favorable host

rocks of the Ag and poly-metallic mineralization at Navidad. No evidence of previous exploration on the

ground has been identified. The Company staked an additional 300 sq. km in Q4 2021 that is contiguous

to the original Taquetren claims to expand the property boundaries.

Taquetren is located in the Navidad-Calcatreau Mining District in SW Rio Negro Province, and

approximately 30 km north of Chubut Province. Accessed by high quality and well maintained paved and

gravel roads. This under explored district hosts several deposits, including Navidad, one of the largest

silver deposits in the world (M&I: 632M Oz Ag contained in 155.2 Mt @ 127 g/t Ag, 0.85% Pb, 0.05%

Cu, 150 g/t AgEq).

Qualified Person

The technical information in this news release was reviewed by Rene Victorino, P. Geo., Vice President

for Exploration of Norseman Silver Inc., a qualified person as defined under National Instrument 43-101

(NI 43-101).

About Norseman Silver

Norseman Silver is focused on acquiring, exploring and developing silver assets with upside potential in

the Americas. The Company’s current property portfolio includes the Cariboo, Silver Vista, Silver

Switchback and New Moon projects, located in a prolific region in central British Columbia, Canada, and

the Taquetren silver project, located in Rio Negro, Argentina. Norseman Silver’s shares are listed on the

TSX Venture Exchange under the symbol NOC and on the OTCQB under the symbol NOCSF. Learn more

about Norseman Silver at www.norsemansilver.com.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities

in the United States. The securities have not been and will not be registered under the United States

Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the

United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the

United States Securities Act) unless registered under the U.S. Securities Act and applicable state securities

laws or an exemption from such registration is available.

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.

On behalf of Norseman Silver Inc.

Sean Hurd

President and CEO

For further information, please contact:

Sean Hurd

President and CEO

[email protected]

604-505-4554