CANADA SILVER COBAL T TO PURCHASE INDUSTRIAL-ZONED PROPERTY WITH HIGHWAY ACCESS FOR CORE PROCESSING FACILITY The purchase of a 10-acre industrial-zoned property with direct Highway 11 access will allow Canada Silver Cobalt abundant area for core handling and more efficient use of space
CANADA SILVER COBAL T TO PURCHASE INDUSTRIAL-ZONED PROPERTY WITH
HIGHWAY ACCESS FOR CORE PROCESSING FACILITY
The purchase of a 10-acre industrial-zoned property with direct Highway 11 access will
allow Canada Silver Cobalt abundant area for core handling and more efficient use of space
Coquitlam, BC, December 7, 2021 - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt:
4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce that it has entered into an agreement
for an acquisition of a 10-acre (4 hectare) property fronting Highway 11 near Cobalt, ON, that will be used as
the central hub for all of the Company’s Ontario and Quebec operations for a cash consideration of $604,000.
The property houses a 4,000 square-foot, fully serviced warehouse that is currently being leased by the
Company and used as its main core processing facility. The access to Highway 11 allows for easy
transportation of core, samples, and distribution of Company staff to projects across Ontario and Quebec. The
property is located on the power grid and does not require any generators. The location is close to
Timiskaming Shores and Cobalt, ON and provides easy access to supplies and amenities for Company staff.
The property also contains an extra building.
The warehouse has already been converted into a full-service facility that fits the Company’s current needs,
but will also allow for further expansion as the Company grows. The facility is being used for offices, core
logging, sampling, core cutting, and long-term core storage - all located on site.
The purchase of the property is subject to approval by the TSX Venture Exchange. The vendor of the property
is a company controlled by a family member of one of the directors and officers of the Company. Canada Silver
Cobalt expects the closing of the purchase to occur prior to year end.
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. This discovery has the highest silver resource grade
in the world, with recent drill intercepts of up to 89,853 grams/tonne silver (2,621 oz/ton Ag). A drill
program is underway to expand the size of the deposit with an update to the resource estimate scheduled
for Q1 2022.
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.
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 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. 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
acquisition of the 10-acre industrial-zoned property (the “Acquisition”) 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 Acquisition and future use of the property to be purchased, 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. No assurance can be given that the Acquisition will close on the terms and
conditions set out in this news release or at all. 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.