Nevada Silver Corporation Announces $7 M Brokered P. P. Toronto, Ontario--(Newsfile Corp. - March 3, 2022) - Nevada Silver Corporation (TSXV:NSC) (OTCQB: NVDSF) ("NSC" or the "Company") is pleased to announce that it has engaged Canaccord Genuity Corp. (the "Lead Agent") on behalf of a syndicate of agents (collectively with the Lead Agent, the "Agents"), on a commercially reasonable efforts private placement basis for the sale of units (the "Units") of the Company at a price of $0.30 per Unit (the "Offering Price") for aggregate gross proceeds of up to $7,020,000 (the "Offering"). Each Unit will consist of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant entitles the holder thereof to purchase one Common Share of the Company (a "Warrant Share") at a price of $0.45 per share at any time prior to 5:00 p.m. (Toronto time) on the day that is 24 months from the Closing Date (as hereinafter defined), subject to adjustments in certain events. The Agents shall have the option, exercisable at any time prior to the closing of the Offering, to increase the size of the Offering by up to $3,000,000.