CANADA SILVER COBALT WORKS ANNOUNCES FILING OF ANNUAL AND FIRST QUARTER FINANCIAL STATEMENTS Management Cease Trade Order Revoked
CANADA SILVER COBALT WORKS ANNOUNCES FILING OF ANNUAL AND
FIRST QUARTER FINANCIAL STATEMENTS
Management Cease Trade Order Revoked
Coquitlam, BC, June 20, 2023 - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF)
(Frankfurt: 4T9B) (the “Company” or “Canada Silver Cobalt”) announces that it has filed its audited
consolidated financial statements for the fiscal year ended December 31, 2022 and condensed
interim consolidated financial statements for the three months ended March 31, 2023 as well as the
related management’s discussion and analysis and CEO and CFO certifications. The documents are
available under the Corporation’s profile on SEDAR at www.sedar.com and the financial statements
and MD&A are also available on the Corporation’s website at
www.canadasilvercobaltworks.com/investors.
The Company also announces that the British Columbia Securities Commission has revoked the
management cease-trade order (“MCTO”) issued on May 2, 2023. The MCTO prohibited the
Chief Executive Officer and Chief Financial Officer of the Company from trading in securities of the
Company but did not affect the ability of persons other than the CEO and CFO to trade in the
Company's securities.
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 16,000-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 is exploring. (3) lithium property – 230 square kilometers of greenfield exploration
ground focused along a significant volcanic sedimentary rock – Archean granite contact near
Cochrane, Ontario contiguous to Power Metals’ Case Lake Lithium properties. 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
Or:
Wayne Cheveldayoff,
Corporate Communications
P: 416-710-2410
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.