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Canada Silver Cobal T Appoints Gerhard Kiessling as Vice President Exploration

Management Changes

CANADA SILVER COBAL T APPOINTS GERHARD KIESSLING AS VICE PRESIDENT

EXPLORATION

Coquitlam, BC, August 17, 2022 - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt:

4T9B) (the "Company" or "Canada Silver Cobalt") announces the appointment of Gerhard Kiessling, P.Geo., as

Vice President Exploration, succeeding Matthew Halliday, P.Geo., who will continue as President and Chief

Operating Officer.

Mr. Kiessling joined Canada Silver Cobalt in 2020 as an exploration geologist and was later promoted to

Exploration Manager. Prior to that, he gained valuable geological exploration experience working for several

companies across Canada including Agnico Eagle, Kirkland Lake Gold, First Cobalt, and McEwen Mining. He

graduated from the University of Waterloo in 2016 with a Bachelor of Science (Honors), majoring in Earth

Science. Growing up in northern Ontario, he was surrounded by mining for most of his life. He is a practising

member of the Professional Geoscientists of Ontario (PGO).

“We welcome Gerhard to a more senior role at Canada Silver Cobalt. His extensive knowledge of the geology

of northern Ontario is a major plus for us. In addition to his most recent work at Castle East, he has participated

in several exploration projects in the area focused on a variety of metals and geological structures which will

be important as we ramp up exploration at the Eby-Otto gold property near the high-grade Macassa Gold Mine

just south of Kirkland Lake, Ontario and about 90 kilometers north of our Castle Mine property,” said Matthew

Halliday, P.Geo., President and COO.

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 an almost 15,000-metre drill program on the Graal property and an airborne VTEM geophysical

survey is being conducted at it Lowney-Lac Edouard 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 Works Inc.

3028 Quadra Court

Coquitlam, B.C., V3B 5X6

CanadaSilverCobaltWorks.com

Page 2 of 2

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

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 the use of proceeds from the Offering and comments that involve other future events and conditions,

which are subject to various risks and uncertainties. Except for statements of historical facts, comments that

address the use of proceeds from the Offering, 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.