GGM.V · 2021-03-30 12:00:00

Granada Gold Mine & Canada Silver Cobalt Joint Release on Re-2Ox and Recovery of Critical US Strategic Metals

Corporate Updates

Granada Gold Mine & Canada Silver Cobalt Joint

Release on Re-2Ox and Recovery of Critical US

Strategic Metals

ROUYN NORANDA, QC

March 30, 2021

/CNW/ - Granada Gold Mine Inc. (TSXV: GGM) (the "Company" or

"Granada") and Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (

Frankfurt

: 4T9B) (the

"Company" or "Canada Silver Cobalt") are pleased to jointly announce that early analysis indicates the potential

for the Re-2Ox (

http://www.re-2ox.com/

) process to be used for the extraction of rare earth and alkali metals

which have recently been found at the Granada Gold Mine property. The Re-2Ox process was previously used in

the production of a cobalt sulphate compound at SGS Canada for end use in lithium-ion batteries at Canada

Silver Cobalt's Castle property from a high-grade silver, cobalt and arsenic gravity concentrate (refer to CCW

Press Release

August 15, 2018

Processing Highlights

Processing of mineralized core involves using one of the conventional mineral processing steps: gravity

concentration, magnetic concentration or flotation.

Bench scale leach testing to be done on the

Granada

rare earth and alkali concentrate.

Pilot plant leach testing to be done on the

Granada

rare earth and alkali concentrate.

The U.S. Department of the Interior published a final list of the 35 metals deemed critical to U.S. National

Security and the Economy. To view the original U.S. government list, follow this link:

https://www.usgs.gov/news/interior-releases-2018-s-final-list-35-minerals-deemed-critical-us-national-security-and

. The following is a list of the 14 metals now known to be present in various concentrations at the Granada Gold

Mine property's new discovery on the Big Claim in the 588-meter GR-20-20 hole: arsenic, barite, cesium, cobalt,

gallium, hafnium, magnesium, manganese, rubidium, scandium, strontium, tungsten, vanadium, and zirconium.

Both Companies will continue to work together on this initiative and will look at market demand fundamentals for

the rare earth and alkali metal compounds prior to commencing bench scale testing.

CEO

Frank J. Basa

, P.Eng., commented that "We appear to have 40 percent of the metals deemed critical to

the US national security - everything that is now coming into focus as being in short supply in the western world.

These recent developments are extremely exciting given that the timing coincides with an awareness that many

countries must play catch up quickly. Given the well-documented 2020 challenges in sourcing metals, this is

resonating in a big way."

Qualified person

The technical information in this news release has been reviewed by

Claude Duplessis

, P.Eng., GoldMinds

Geoservices Inc. member of Québec Order of Engineers and a qualified person in accordance with National

Instrument 43-101 standards.

About Granada Gold Mine Inc.

Granada Gold Mine Inc. continues to develop the Granada Gold Property near

Rouyn-Noranda, Quebec

Approximately 120,000 meters of drilling has been completed to date on the property, focused mainly on the

extended LONG Bars zone which trends 2 kilometers east-west over a potential 5.5 kilometers of mineralized

structure. The highly prolific Cadillac Break, the source of more than 75 million plus ounces of gold production in

the past century, cuts through the north part of the

Granada

property, but is not necessarily indicative of

mineralization hosted on the company's property.

The Granada Shear Zone and the South Shear Zone contain, based on historical detailed mapping as well as

from current and historical drilling, up to twenty-two mineralized structures trending east-west over five and a half

kilometers. Three of these structures were mined historically from four shafts and three open pits. Historical

underground grades were 8 to 10 grams per tonne gold from two shafts down to

236 m

and

498 m

with open pit

grades from 3.5 to 5 grams per tonne gold.

Updated Mineral Resource

The updated resource at the Company's Granada Gold project in

Rouyn-Noranda, Quebec

was estimated by

SGS Canada and outlined in a

January 29, 2021

news release. The final report was filed

March 15, 2021

with

an Effective date of

December 15, 2020

. The 43-101 Technical Report is titled: Granada Gold Project Mineral

Resource Estimate Update,

Rouyn-Noranda, Quebec, Canada

authored by

Yann Camus

, P.Eng. and Maxime

Dupéré, B.Sc, géo. Both of SGS Canada Inc.

Updated Mineral Resource Estimate Base Case with Details Between the Open Pit Portion and the

Underground Portion

Type