Taquetren Silver Project, Argentina

"Norseman is continuing to expand our efforts in Argentina, with a focus in Patagonia, Argentina, where recently significant gold and silver discoveries have been made. This region presents an excellent opportunity for the Company as one of the premier regions in the world for generating new discoveries." stated Sean Hurd, President & CE0.

Ongoing mapping and sampling in the area of the recent discovery is underway and the exploration team has been expanded to facilitate an accelerated regional exploration program. No evidence of previous exploration on the ground has been identified. The Company staked an additional 300 sq. km of ground in Q4 2021 that is contiguous to the original Taquetren concession areas to expand the property boundaries. The exploration team has been expanded to facilitate an accelerated regional exploration program.

Field observations and the collected samples confirm the existence of a vein system is located on the edge of a circular structure and along the trace of the NW-SE-trending Gastre Fault System, as well as NE-SW-tending Nord-Patagonico Fault System. Regionally, the mineralized LS epithermal system is located on the edge of one of the previously identified circular structures, reinforcing the model of the mineralization linked to a mega caldera. Geochemical results from the Q4 exploration program will be released when available.

Field observations and the collected samples confirm the existence of a vein system along the trace of the NW-SE-trending Gastre Fault System, as well as the NE-SW-trending Nord-Patagonico Fault System. Regionally, the mineralized LS epithermal system is located along the edge of one of the previously identified circular topographic structures, reinforcing the model of the mineralization linked to a mega caldera. Geochemical results from the Q4 exploration program will be released when available.

Taquetren is located in the Navidad-Calcatreau Mining District, in SW Rio Negro Province, and approximately 30 km north of Chubut Province. Accessed by high quality and well maintained paved and gravel roads. This under-explored district hosts several deposits, including Navidad, one of the largest silver deposits in the world (M&I: 632M Oz Ag contained in 155.2 Mt @ 127 g/t Ag, 0.85% Pb, 0.05% Cu, 150 g/t AgEq).

Qualified Person

The technical information in this news release was reviewed by Rene Victorino, P. Geo., Vice President for Exploration of Norseman Silver Inc., a qualified person as defined under National Instrument 43-101 (NI 43-101).

About Norseman Silver

Norseman Silver is focused on acquiring, exploring and developing silver assets with upside potential in the Americas. The Company's current property portfolio includes the Cariboo, Silver Vista, Silver Switchback and New Moon projects, located in a prolific region in central British Columbia, Canada, and the Taquetren silver project, located in Rio Negro, Argentina. Norseman Silver's shares are listed on the TSX Venture Exchange under the symbol NOC and on the OTCQB under the symbol NOCSF. Learn more about Norseman Silver at www.norsemansilver.com.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the United States Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

On behalf of Norseman Silver Inc.

Sean Hurd
President and CEO

For further information, please contact:

Sean Hurd
President and CEO

Info@norsemansilver.com

604-505-4554

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