Norseman Silver Inc. – New mineralized targets discovered at Taquetren Project, Argentina

Vancouver, British Columbia – Norseman Silver Inc. (TSXV:NOC) OTCQB:NOCSF) (‘Norseman’ or the ‘Company’) is pleased to announce rock chip samples collected from the Veta Nueva vein, another significant vein structure located approximately 5 km away. northwest of the Veta Juan vein, very encouraging assay values ​​have been returned. Nordman Silver has an option to acquire a 100% interest in the Taquetren project.

‘These latest results underscore the potential of the Taquetren project This is very unique as there has been little or no previous exploration for base or precious metals. Given the project’s proximity to significant discoveries and the sheer size of the project (6 categories or prospecting permits totaling ~59,000ha) this represents an exciting opportunity for Norseman. Results to date, particularly copper grades, are very encouraging.’ specified Sean HurdPresident and CEO.

The upcoming program at Taquetren will include more detailed surface work along the 5 km. target corridor. Multi-element soil grid geochemistry, as well as more detailed geological mapping and rock sampling, will be completed over an area of ​​approximately 3,000 hectares. The same ground survey area is also planned to be covered with ground magnetics, the complementary results of which will eventually be used to design the ground IP resistivity survey layout.

In the course of detailed surface studies at the original target area prospecting is planned to be conducted concurrently over the remainder of the extension of the six (6) kateos. Given the encouraging results from surface exploration work in 2021, the likelihood of finding additional targets for further detailed study remains high.

Rock chip samples collected from the Veta Nueva vein, another significant vein structure located approximately 5 km away. northwest of the Veta Juan vein, very encouraging assay values ​​have been returned. Two (2) samples returned average values ​​of 4.11% Cu and 67 ppm Ag. The vein, which currently has an uncovered width of 2.70 metres, is very similar Veta Juan and is characterized by strong disseminations of chalcopyrite and bornite associated with malachite and azurite.

Along the same zone of Veta Nuevaa separate 0.25 cm wide vein of the same character was also mapped approximately 3 meters to the east of Veta Nueva. A sample from this vein (Veta Mirasol) yielded 4.20% Cu and 54 ppm Ag. These latest field results strongly suggest the possible existence of much wider veins and the potential to find other zones of veins along the 5 km. NW-SE trending mineralized corridor bounding the perceived caldera structure between Veta Juan and Veta Juan Veta Nueva incidents.

New mineralized vein structures have been discovered along trenches in the Irma area with zones currently exposed ranging from 1.00 to 2.10 metres. The veins trend northeast generally parallel to the veins outlined at Veta Juan and Veta Nueva areas. Quartz interspersed with fresh pyrite and chalcopyrite and clearly contaminated with Fe oxides has been observed along ledges. Two sets of veins trending EW and NE-SW have been mapped and are closely associated with two deposit types, Calcatreu and Calcatreu Min Angela Veins located southeast of the Taquetren property.

Eighteen (18) outcrop samples collected along three (3) shallow trenches at the Irma area returned anomalous gold values. The exposed quartz-sulphide vein zones lie along a northeast trending strike extending approximately 350 metres. Eight (8) samples returned >0.80 g/t Au with a maximum of up to 11.48 g/t Au. Associated silver mineralization was also anomalous and returned a maximum of 22.6 g/t Ag. Copper values ​​are relatively modest compared to veins at Veta Juan Veta Nueva but Pb up to 1.48% and Zn up to 0.24%. Arsenic is also anomalous with levels up to 1,064 ppm.

Around Nordman Silver

Nordman Silver is focused on the acquisition, exploration and development of upside silver assets in the United States America. The Company’s current real estate portfolio includes the Cariboo, Silver vistaSilver Switchback and projects located in a productive region in the center British Columbia, Canadaand the Taquetren Silver Project, located in Rio Negro, Argentina. Norseman Silvers Shares are listed on the TSX Venture Exchange under the symbol NOC and on the OTCQB under the symbol NOCSF. learn more about Nordman Silver at www.norsemansilver.com.

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

Contact:

Sean Hurd

President and CEO

E: [email protected]

T: 604-505-4554