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Norseman Silver Inc. Announces Grant of Stock Options

Share Capital & Compensation

Norseman Silver Inc. Announces Grant of Stock Options

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR

DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Vancouver, British Columbia – April 5 , 2022 – Norseman Silver Inc. (TSXV:NOC) (“Norseman” or the

“Company”) is pleased to announce that it has issued 900 ,000 stock options to directors, officers and

consultants of the Company to purchase up to 900,000 common shares in the capital of the Company.

The options are exercisable for a period of five years from grant with an exercise price of $0.20.

For further information, please contact:

Sean Hurd

Chief Executive Officer

T: 604 505-4554

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 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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This News Release includes

certain "forward -looking statements" which are not c omprised of historical facts. 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 oc cur. 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 condit ions, 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. Risk s, 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 look ing information in this news

release includes, but is not limited to, the Company’s objectives, goals or future plans, statements,

exploration results, potential mineralization, the estimation of mineral resources, exploration and mine

development plans, t iming 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, e nvironmental or other project approvals, political risks, inability to fulfill the duty to

accommodate 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 complete the Offering on the terms or on the timeline as announced or at all, 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, c apital 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 fra mes 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.