Norseman Silver Inc. Announces Grant of Options

Norseman Silver Inc. Announces Grant of Options

Vancouver, British Columbia September 3, 2021 – Norseman Silver Inc. (TSXV: NOC) (“ Norseman” or the

“Company”) is pleased to announce that, pursuant to the Company’s stock option plan and the policies

of the TSX Venture Exchange, it has granted 700,000 stock options (each, an “ Option”) to certain

consultants, directors, and officers of the Company.

Each Option is exercisable for one common share of the Company (each, a “Share") at a price of $0.45 per

Share, being the closing price of the Shares on the TSX Venture Exchange on September 2, 2021. The

Options will vest immediately and will expire on September 3, 2026.

For further information, please contact:

Sean Hurd

Chief Executive Officer

T: 604 505-4554

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN

THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS

RELEASE.

Cautionary Note Regarding Forward‐Looking Statements

The above contains forward‐looking statements that are subject to a number of known and unknown risks, uncertainties and other

factors that may cause actual results to differ materially from those anticipated in our forward‐looking statements. Factors that

could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant

to the mining industry, change in government and changes to regulations affecting the mining industry. Forward‐looking

statements may be identified by such terms as “believes”, “anticipates”, “intends”, “expects”, “estimates”, “may”, “could”,

“would”, “will”, or “plan”, and similar expressions. Forward‐looking statements in this release include, among other things,

statements regarding the exercise of the Options. 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, grants

of options,, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results

to differ materially from such forward‐looking information include, but are not limited to failure to identify mineral resources,

failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a

production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required

governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations

and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in

equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects,

capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and

development industry, an inability to predict and counteract the effects of COVID‐19 on the business of the Company, including

but not limited to the effects of COVID‐19 on the price of commodities, capital market conditions, restriction on labour and

international travel and supply chains, and those risks set out in the Company’s public documents filed on SEDAR. Although the

Company believes that the assumptions and factors used in preparing the forward‐looking information in this news release are

reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and

no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention

or obligation to update or revise any forward‐looking information, whether as a result of new information, future events or

otherwise, other than as required by law.