Exploration Results On Norseman’s Caribou Copper-Silver Project, British Columbia

Vancouver, British Columbia – February 22, 2022 – Norseman Silver Inc. (TSXV:NOC) (Q:NOCSF) (“Norseman” or the “Company”) is pleased to announce that 3 concessions with a total area of approximately 3,567 hectares have been covered during fall 2021 field program. Detailed grid soil geochemical sampling was carried out within two separate blocks to cover in detail the NH and the Caribou West targets.

“Norseman is very pleased with the initial results to date that have shown significant copper values on surface at the Caribou Project, underlain by corresponding geophysical anomalies. We are looking forward to advancing this exciting project, as well as expanding our activities in Argentina.” stated, Sean Hurd, President & CEO.

A total of 148 rock outcrop and float samples were collected at the Caribou property. An outcrop sample from Caribou West, graded 42% Cu and 384 ppm Ag. From the total samples collected to date, 45 samples or 30% have Cu contents of 1% and above. Although most of these were from the NH area, significant numbers were also taken from the Caribou West.

The soil geochemistry defined areas with elevated values for Cu, Ag, Pb and Zn within the NH and Caribou West targets. The positively anomalous values show a NE-SW trend at NH and an E-W trend at Caribou West. Results to date have identified targets approximately 30-hectare and 40-hectare zones in the Caribou West and NH. (see table below and map below).

Ground IP and Magnetometer surveys were also carried out within a section of the soil sampling block at the NH area. Six (6) survey lines spaced 100 meters apart and with a total length of 6.3 kms. were covered by the survey. The IP work employed a pole-dipole array and along the same survey lines, total magnetic readings were taken at 5 to 10-meter intervals.

Table 1. Significant Results from Caribou Project to date.

No. Rock Sample Type Cu% Ag g/t No. Rock Sample Type Cu% Ag g/t
1 Outcrop 1.42 63 24 Outcrop 1.01 43
2 Outcrop 1.70 100 25 Outcrop 10.10 441
3 Outcrop 9.51 569 26 Outcrop 1.55 64
4 Outcrop 5.08 265 27 Outcrop 5.30 328
5 Outcrop 2.63 124 28 Outcrop 2.86 158
6 Outcrop 2.09 108 29 Outcrop 3.74 189
7 Outcrop 1.13 49 30 Outcrop 4.91 293
8 Outcrop 3.54 170 31 Outcrop 1.07 1
9 Outcrop 3.09 183 32 Outcrop 1.16 51
10 Float 1.97 77 33 Outcrop 1.35 61
11 Outcrop 1.11 40 34 Outcrop 2.65 78
12 Outcrop 2.06 69 35 Outcrop 3.92 99
13 Outcrop 1.46 51 36 Outcrop 1.86 40
14 Outcrop 1.84 61 37 Outcrop 2.91 67
15 Outcrop 9.45 555 38 Outcrop 2.84 161
16 Outcrop 2.97 126 39 Outcrop 2.27 76
17 Outcrop 1.24 44 40 Float 2.16 193
18 Outcrop 2.12 67 41 Outcrop 6.33 345
19 Outcrop 1.70 123 42 Float 5.61 320
20 Outcrop 2.81 215 43 Float 12.00 547
21 Outcrop 1.32 53 44 Outcrop 9.61 572
22 Outcrop 42.00 384 45 Outcrop 2.66 104
23 Outcrop 1.00 65        

Qualified Person
The technical information in this news release was reviewed by Rene Victorino, P. Geo., Vice President for Exploration of Norseman Silver Inc., a qualified person as defined under National Instrument 43-101  (NI 43-101).

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the United States Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

On behalf of Norseman Silver Inc.
Sean Hurd
President and CEO

For further information, please contact:
Sean Hurd
T: 604 505-4554

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