Canada Silver Cobalt Graduates to Tier 1 on the TSX Venture Exchange

Canada Silver Cobalt Graduates to Tier 1 on

the TSX Venture Exchange

COQUITLAM, BC

,

Oct. 22, 2020

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

CCWOF) (

Frankfurt

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

it has graduated to Tier 1 on the TSX Venture Exchange.

"Graduating to a Tier 1 listing on the TSX Venture Exchange confirms Canada Silver Cobalt's

continued progress and development," said

Frank J. Basa

, Chief Executive Officer of the Company.

"We look forward to continued development of our 100%-owned Robinson Zone Project, in the

78 square-kilometre Castle Silver Mine property in

Gowganda, Ontario

."

The TSX Venture Exchange classifies issuers into different tiers based on standards including

historical financial performance, stage of development and financial resources. Tier 1 is the

Exchange's premier tier and is reserved for its most advanced issuers.

About Canada Silver Cobalt Works Inc.

www.canadasilvercobaltworks.com

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 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, was reported. 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

).

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

View original content:

http://www.newswire.ca/en/releases/archive/October2020/22/c4977.html

%SEDAR: 00022378E

For further information:

Frank J. Basa, P. Eng., CEO, 1-416-625-2342

CO: Canada Silver Cobalt Works Inc.

CNW 20:28e 22-OCT-20