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FTZ.V ·

Norseman Silver Inc. Announces Resignation of John Barr

Management Changes

Norseman Silver Inc. Announces Resignation of John Barr

Vancouver, British Columbia – February 8, 2021 –Norseman Silver Inc. (TSXV: NOC) (“Norseman” or the

“Company”) announces that Mr. John Barr has resigned from its Board of Directors. The Company would

like to thank Mr. Barr for his time serving as a director and wishes him well in his future endeavours.

For further information, please contact:

Sean Hurd

Chief Executive Officer and Director

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, the effects of COVID‐19 on the

price of commodities, capital market conditions, restriction on labour and international travel and supply

chains. 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, the entering into and completion

the Option Agreement, statements regarding the issuance and trading of the Common Shares and

business, economic, and political conditions in Canada. Although we believe the expectations reflected in

our forward‐looking statements are reasonable, results may vary, and we cannot guarantee future results,

levels of activity, performance or achievements. We disclaim any intention or obligation to update or revise

any forward‐looking statements whether as a result of new information, future events or otherwise, except

as required by applicable law.