Canada Silver Cobalt Works Inc. releases gold assay results from its 60,000-metre 2020-2022 drill program and reviews the Company's gold data from the 2011-2019 surface drill and 2014 channel sample programs at Castle East, as well as the underground drill program at its Castle Mine from 2019. In Gowganda, around 95% of the mined silver came from the Nipissing Diabase, due in large part to visual mining methods and finding veins near surface at the edge of the Miller Lake Basin. Shallow Archean-hosted near-surface intercepts such as the 24.95 g/t Au over 0.30m in CS-20-31 from 49.70 to 50.00m and 4710 g/t Ag over 0.53m in CS-22-115 from 64.99 to 65.52m provide evidence of opportunity for the Miller Lake Basin to contain further shallow silver and gold mineralization.

These gold intercepts warrant further exploration to understand the extent and connectivity of the mineralization, as well as to fully understand the relationship between the high-grade silver veins (that the Company has already discovered) and the gold mineralization in the surrounding area. Shallow drill holes and outcrop stripping are also warranted given the proximity of gold and silver to surface. The significance of these intercepts is that Castle East is no longer simply a silver-cobalt type deposit, but it adds a third, very critical element ­ gold.

If something closer to surface is discovered and delineated, it could assist in offsetting the capital cost of infrastructure required to access the existing silver resource. This could positively affect the economics of the deposit if such a relationship can be defined. These intercepts also strengthen the company's Gold & Silver exploration portfolio which has been growing since the acquisition of the Eby-Otto Gold project near Kirkland Lake.

For the 2020-222 drill program, the core samples were cut in two with a rock saw. One half was sent to the assay lab and the other half was retained as witness core. Blanks and certified reference material (standards) were inserted into the sampling sequence such that they represent no less than 10% of the total samples.

The results of the blanks and standards are within expected values allowing public disclosure of the assays.