Canada Silver Cobal T Agm Resul Ts
CANADA SILVER COBAL T AGM RESUL TS
Coquitlam, BC May 25, 2022 -- Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB: CCWOF) (Frankfurt:
4T9B) (the "Company" or "Canada Silver Cobalt"), announces that the Annual General Meeting was held
today, Wednesday, May 25, 2022 and is pleased to report that all resolutions were approved. Resolutions
passed are listed below.
1. The following individuals were re-elected Directors of the Company: Frank J. Basa, Matthew
Halliday, Jacques Monette and Dianne Tookenay.
2. McGovern, Hurley, Cunningham, Chartered Accountants, were re-appointed as Company auditors.
3. Adoption of the Company’s 10% rolling share option plan was ratified and approved.
The Board of Directors appointed the following officers of the Company for the ensuing year:
Frank J. Basa: Chief Executive Officer
Matthew Halliday: President & COO
Robert Suttie: Chief Financial Officer
Tina Whyte: Corporate Secretary
Frank J. Basa, Jacques F. Monette and Dianne Tookenay were re-appointed as members of the Audit
Committee for the upcoming year.
About Canada Silver Cobalt Works Inc.
Canada Silver Cobalt Works Inc. recently discovered a major high-grade silver vein system at Castle East
located 1.5 km from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-
class silver-cobalt mining district of Northern Ontario. The Company has completed a 60,000m drill
program aimed at expanding the size of the deposit with an update to the resource estimate underway.
In May 2020, based on a small initial drill program, the Company published the region’s first 43-101
resource estimate that contained 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 Castle East Robinson Zone, beginning at a vertical depth of approximately
400 meters. Note that mineral resources that are not mineral reserves do not have demonstrated economic
viability. Please refer to Canada Silver Cobalt Works Press Release May 28, 2020, for the resource estimate.
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.
The Company also has: (1) 14 battery metals properties in Northern Quebec where it has recently
completed a nearly 10,000-metre drill program on the Graal property; and (2) the prospective 1,000-
hectare Eby-Otto gold property close to Agnico Eagle’s high-grade Macassa Mine near Kirkland Lake,
Ontario where it will be exploring in 2022.
Canada Silver Cobalt’s flagship silver-cobalt Castle mine and 78 sq. km Castle Property feature strong
exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned
Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich
gravity concentrates, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary
Canada Silver Cobalt Works Inc.
3028 Quadra Court
Coquitlam, B.C., V3B 5X6
CanadaSilverCobaltWorks.com
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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. More information at www.canadasilvercobaltworks.com
“Frank J. Basa”
Frank J. Basa, P. Eng.
Chief Executive Officer
For further information, contact:
Frank J. Basa, P.Eng.
Chief Executive Officer
416-625-2342
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.
Caution Regarding Forward-Looking Statements
This news release may contain forward-looking statements which include, but are not limited to, comments regarding
future financings, if any, pursuant to the short form base shelf prospectus referred to above, and comments that involve
future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts,
comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of
mineral property titles, future financings, availability of funds, and others are forward-looking. Forward-looking
statements are not guarantees of future performance and actual results may vary materially from those statements.
General business conditions are factors that could cause actual results to vary materially from forward-looking
statements. A detailed discussion of the risk factors encountered by Canada Silver Cobalt is available in the Company’s
Annual Information Form dated July 19, 2021 for the fiscal year ended December 31, 2020 available under the Company’s
profile on SEDAR at www.sedar.com.