Canada Silver Grants Stock Options
CANADA SILVER GRANTS STOCK OPTIONS
November 16, 2021, Coquitlam, BC, Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt:
4T9B) (the "Company" or "Canada Silver Cobalt") announces it has granted stock options to its directors and
officers to purchase an aggregate of 1,650,000 common shares in the capital of the Company. The stock
options are exercisable for a term of three years at an exercise price of $0.22 per share. All stock options
are granted in accordance with the terms of the Company’s Stock Option Plan and the polici es of the TSX
Venture Exchange and will be subject to a hold period of four months and one day from the date of grant.
About Canada Silver Cobalt Works Inc.
Canada Silver Cobalt Works Inc. recently discovered a major high -grade silver vein system at Cast le 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 int ercepts 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 pub lished 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 Ju ly 13,
2020.
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 hig h-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
Canada Silver Cobalt Works Inc.
3028 Quadra Court
Coquitlam, B.C., V3B 5X6
CanadaSilverCobaltWorks.com
Page 2 of 2
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 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 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. No assurance can be given that the Offering 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 Fo rm dated July 19, 2021 for the fiscal year ended
December 31, 2020 available under the Company’s profile on SEDAR at www.sedar.com.