Canada Silver Cobalt Works Inc. provided an update on its gold prospecting activities in the Miller Lake area at the Castle Mine property. The Company has made significant discoveries in its surface exploration efforts, and the latest findings with multiple samples above 1 gram per tonne (g/t) gold and ranging up to 3.2 g/t gold are highly encouraging at surface. The discovery of gold at the surface at the past-producing high-grade silver-cobalt Castle Mine is in addition to previously reported results of gold sampling and drill intercepts at the property as well as the discovery of new major silver-cobalt vein structures and the publication of a resource estimate.

During the recent stripping process in the Miller Lake area, a section measuring approximately 15 meters by 12 meters at the widest points was examined. The lithology in the area consists of mafic volcanic massive flow with weak chlorite and albite alteration at the extremities. The main part of the area exhibits iron, carbonate, and silicification alteration with rusty gossan.

Notably, there is about 1% quartz veining present. Across the outcrop, pyrite mineralization is evident, ranging from 1% to 2% and locally reaching up to 5% to 7%. This pyrite is associated with stronger alteration and provides additional evidence of mineralization potential.

A total of 22 rock samples were collected from the site, along with 2 QAQC samples. Significant gold values from the samples are as follows: Sample Number, Grams Per Tonne Gold, FW000387, 3.20, FW000388, 2.20, FW000389, 1.40, FW000376, 2.14, FW000377, 1.38, FW000391, 1.37, FW000392, 1.10, FW000394, 2.97, FW000395, 1.08. It is worth noting that multiple samples have gold values above 1 gram per tonne gold, with one sample even reaching 3.2 gram per tonne gold.

The next step in the exploration process involves channel sampling, which is scheduled to take place during the week of July 23rd. This additional data collection will provide a more comprehensive understanding of the mineralization potential in the area. Furthermore, there are interesting findings in proximity to the current stripping area.

Approximately 50m north of the stripping location, there is an outcrop with quartz veining and associated iron, carbonate alteration, and pyrite mineralization. This new discovery presents a potential new stripping target to expand on the known mineralized zone. Moreover, about 80 meters east of the current location, prospecting efforts revealed similar but less extensive pyrite mineralization and alteration.

Moreover, the grab samples from this area contained anomalous low gold grades ranging from 0.1 to 0.28 grams per tonne gold. The gold zone's potential appears to be open in all directions, presenting the possibility of future drill targets. Canada Silver Cobalt remains committed to leveraging advanced technology in its exploration efforts.

The recently initiated M-PASS survey, conducted by ALS GoldSpot, is undergoing data processing and will be integrated with the existing dataset. This survey will facilitate machine learning targeting, enhancing the identification and targeting of new gold and silver mineralization zones.