Canada Silver Cobalt Works Inc. reported assay results from samples collected during prospecting in the Miller Lake area at the Castle Mine property near Gowganda, Ontario, including a selected grab sample which assayed 6.07 grams per tonne gold (Au) picked up at the surface. A quick prospecting trip northwest of Miller Lake in June while its stripping operation is on hiatus has delivered the following results: Selected grab sample FW000357 contains 6.07 g/t Au. The sample is of a rusty orange and white weathering, pervasively altered (iron carbonate, quartz, albite) intrusive rock hosting 5% fine-grained pyrite and minor quartz veining and stringers.

The sample was collected 165 meters west of the north shore of Miller Lake, and 250 meters southwest of historic outcrop stripping and channel sampling (2014 and 2015) which also yielded gold in assay results (see NI 43-101 Technical Report Update for Castle East, Ontario, Canada, May 2021); Several additional samples with gold grades ranging between 0.10 to 0.28 g/t Au (FW000358, FW000359, and FW000360). These samples are similarly described as rusty, bleached, and altered, hosting pyrite and quartz stringers. These samples were collected 80 meters west of the north shore of Miller Lake.

Previous reports of gold at the Castle Mine property were mainly in drill intercepts well below the surface. For details, see the Company news release January 17, 2023. A first-stage stripping program had previously been announced for Castle.

The work has encountered minor delays due to the smoke from forest fires, which has presented challenging working conditions, and equipment problems. The newly reported gold sample provides compelling support for the extension of stripping operations to this promising location, reinforcing the Company's commitment to unlocking the full potential of its mining assets. Canada Silver Cobalt remains highly encouraged by the results of its prospecting efforts, which the company believe will continue to reveal substantial gold and silver mineralization prospects. In addition to the ongoing prospecting activities, Canada Silver Cobalt is utilizing cutting-edge technology to enhance its exploration capabilities.

The recently initiated M-PASS survey, contracted to ALS GoldSpot, will play a pivotal role in identifying and targeting new gold and silver mineralization zones. Data acquisition was completed last week, and the survey is currently in the data processing stage. When combined with its existing dataset, this survey will complement machine learning targeting.