Additional High-Grade Silver Intersected at Robinson Zone

Additional High-Grade Silver Intersected at

Robinson Zone

COQUITLAM, BC

,

Jan. 22, 2021

/CNW/ - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB:

CCWOF) (

Frankfurt

: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce

visually high-grade silver has been intersected in a wedge hole. Samples have now been shipped to

SGS Lakefield for rush analysis.

Highlights

High-grade silver mineralization intersected in wedge hole CS-20-39 W2

CS-20-39 W2 intersection is 5 meters above CS-20-39

Multiple silver-cobalt-mineralized veins intersected

A sample from original hole CS-20-39 is currently at SGS Lakefield laboratory pending assay.

High-grade silver mineralization over 5 - 6 cm true width in hole CS-20-39W2 (CNW Group/Canada

Silver Cobalt Works Inc.)

High-grade silver mineralization over 5 – 7 cm true width in hole CS-20-39 – comparable to the

average thickness of veins that produced over 70 million ounces from the 3 major past-producers

within 2 km of the Robinson Zone. (CNW Group/Canada Silver Cobalt Works Inc.)

A new wedge hole off CS-20-39W2 has intersected visually significant native silver mineralization

comparable to the vein observed in hole CS-20-39, confirming the extension of the high-grade silver

mineralization in this vein. Vein is open in all directions. Also of note, the previously reported 17-

metre vein zone (CCW press release

December 29, 2020

) has again been intersected with several

of the variably mineralized veins widening up in the wedge interval.

Matt Halliday

, President commented, "continued success of intersecting high-grade silver

mineralization in the area gives us a better understanding of the developing geological model.

Numerous other silver-cobalt mineralized veins were also intersected in this wedge hole. With two

drills turning and wedging ongoing, the team on the ground continues to efficiently advance on

schedule."

"With silver and cobalt mineralization in the same vein structures, Canada Silver Cobalt Works is

uniquely positioned in the electric vehicle market place," said

Frank J. Basa

, B.Eng., P.Eng., CEO,

"Silver is becoming the new energy metal. Samsung recently revealed in an article that they

developed a solid-state electric vehicle battery with 500-mile range and a life cycle of 1000

recharges. That's a vehicle with a battery that lasts 500,000 miles. Better than any other Lithium-ion

battery on the market today."

Location

The Castle Property is 15 km east of Pan American Silver's Juby gold deposit, 30 km due south of

Alamos Gold's

Young

-

Davidson

mine, 75 km southwest of

Kirkland Lake Gold's

Macassa Complex,

and 100 km southeast of new gold discoveries in the Timmins West area.

Qualified Person

The technical information in this news release was prepared under the supervision of Mr.

Matthew

Halliday

, P.Geo., (APGO) President of Canada Silver Cobalt Works Inc., a qualified person in

accordance with National Instrument 43-101.

About Canada Silver Cobalt Works Inc.

Canada Silver Cobalt Works released the first-ever resource in the Gowganda Camp and greater

Cobalt Camp. In May 2020. A total of 7.56

million ounces

of silver in Inferred resources

comprising very high-grade silver (

8,582

grams per tonne un-cut or

250.2

oz/ton) in 27,400 tonnes of

material from two sections (1A and

1B

) of the Robinson Zone beginning at a vertical depth of

approximately 400 meters. The discovery remains open in all directions (1A and

1B

are

approximately 800 meters from the east-trending Capitol Mine workings) (mineral resources that are

not mineral reserves do not have demonstrated economic viability) (refer to Canada Silver Cobalt

Works Press Release

May 28

, 2020. Report reference: Rachidi, M. 2020,

NI

43-101 Technical

Report Mineral Resource Estimate for Castle East, Robinson Zone,

Ontario, Canada

, with an

effective date of

May 28, 2020

and a signature date of

July 13, 2020

.

Canada Silver Cobalt's flagship Castle mine and 78 sq. km Castle Property features strong

exploration upside for silver, cobalt, nickel, gold and copper in the prolific past producing

Gowganda

high-grade Silver District of

Northern Ontario

. With underground access at Castle, a pilot plant to

produce cobalt-rich gravity concentrates on site, a processing facility (TTL Laboratories) in the town

of Cobalt, and a proprietary hydrometallurgical process known as Re-2OX for the creation of

technical grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations, Canada

Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space.

"Frank J. Basa"

Frank J. Basa

, P. Eng.

Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of

this release. This news release may contain forward-looking statements including but not limited to

comments regarding the timing and content of upcoming work programs, geological

interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-

looking statements address future events and conditions and therefore, involve inherent risks and

uncertainties. Actual results may differ materially from those currently anticipated in such

statements.

SOURCE

Canada Silver Cobalt Works Inc.

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For further information:

Frank J. Basa, P.Eng., Chief Executive Officer, 416-625-2342

CO: Canada Silver Cobalt Works Inc.

CNW 13:00e 22-JAN-21