NSX Silver Inc. Announces Closing of Sale of Mexican Subsidiary

Bedford (FSCwire) - NSX Silver Inc. (TSXV:NSY) (“NSX Silver” or the “Company”) announces that it has completed the previously-announced sale of all the shares of its Mexican subsidiary company, Compania Minera Oso Blanco SA de CV, to an arm’s-length purchaser (the “CMOB Sale”).

The Company received shareholder approval for the CMOB Sale at a special meeting of shareholders held on December 16, 2015. Subsequent to the closing of the CMOB Sale, the Company has no continuing business operations or assets and the board of directors of the Company is exploring potential strategic alternatives. There can be no assurance that such exploration of strategic alternatives will result in a transaction being pursued, entered into or consummated.

For further information regarding the details of the CMOB Sale, please refer to the NSX Silver news release dated November 17, 2015, and the NSX Silver management information circular dated November 17, 2015, each filed on SEDAR under NSX Silver's profile.



For further information, please contact:

NSX Silver Inc.
Glenn A. Holmes, Chief Financial Officer
(902) 798-1148
glenn.holmes@nsxsilver.com



Forward-Looking Statements: This news release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding the future plans, costs, objectives or performance of NSX Silver Inc. (“NSX Silver”), or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that NSX Silver or its shareholders will derive. In particular, no assurance can be given that NSX Silver will effect any strategic alternative, as described herein. Forward-looking statements and information are based on information available at the time and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond NSX Silver’s control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risks and Uncertainties” in NSX Silver’s Management Discussion and Analysis for the Year ended December 31, 2014, which is available on SEDAR at www.sedar.com, and could cause actual events or results to differ materially from those projected in any forward-looking statements. NSX Silver does not intend, nor does NSX Silver undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

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