Nevada Silver Increases Ownership of North Star Manganese Inc to 100% Via Acquisition of Minority Shareholder Interests

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES

Completes acquisition of all outstanding shares of North Star Manganese Inc via share exchange with minority NSM shareholders.
Increases NSC shareholder exposure to 100% of the high-grade Emily Manganese Project in Minnesota, USA.
Drilling progresses on schedule at the Emily Manganese Project with seven diamond core drill holes now completed and additional samples submitted for analyses. Assays from the initial three drill holes are expected in coming weeks.

Nevada Silver Corporation ("NSC" or the "Company") (TSXV:NSC)(OTCQB:NVDSF) is pleased to announce it has completed the acquisition of all of the outstanding securities of North Star Manganese Inc ("NSM") that it did not already hold through its wholly-owned subsidiary Electric Metals (USA) Pty Limited ("EML") (the "NSM Share Acquisition"). As disclosed in the news release of the Company dated August 31, 2022, NSM closed the sale of 3,160,233 of its shares (the "NSM Shares") representing 9.5% of its issued and outstanding shares of NSM on August 31, 2022. The other 90.5% of the outstanding shares continued to be held by EML. On November 23, 2022, the Company announced that the Emily Manganese Project will become the Company's flagship asset and that the Company planned to change its name to "Electric Metals (USA) Limited" in order to better reflect the entirety of its value proposition as a developer of battery and technology-related minerals, including its US manganese and silver properties

As a result, the Company determined to repurchase the NSM Shares and the NSM Share Acquisition was accomplished pursuant to share exchange agreements whereby each holder of NSM Shares agreed to exchange their NSM Shares for units of NSC (the "Units") on the basis of 2.04545 Units per NSM Share, with each Unit comprised of one common share and one common share purchase warrant (the "Warrant"). In the aggregate the Company issued 6,464,113 Units to the (former) NSM Shareholders. Each Warrant is exercisable to acquire one common share of the Company (the "Common Shares") at a price of $0.25 per Common Share for a period of 24 months following issuance thereof. The expiry date of the Warrants will accelerate in the event the volume weighted average trading price of the Common Shares on the TSX Venture Exchange (the "TSXV") is equal to or exceeds $0.30 per Common Share for a period of 20 consecutive trading days (an "Acceleration Event"). If an Acceleration Event occurs, the Warrants will expire 30 days after notice of such Acceleration Event.

Following the NSM Share Acquisition, the Company once again indirectly holds 100% of the outstanding NSM Shares. The NSM Share Acquisition is subject to the receipt of all regulatory approvals, including the final approval of the TSXV.

The Company is also pleased to provide an update on the inaugural drill program at its high-grade Emily Manganese Project in Minnesota, USA. A total of 3,780.6 feet (1,152.3 metres) of diamond core drilling has been completed to date at the Emily Manganese Project. Seven holes (Figure 1) have been completed to target depth and samples forwarded to the ALS laboratory facility in Reno, NV for analyses.

Nevada Silver Corporation, Tuesday, April 4, 2023, Press release picture

Figure 1. Location map showing land under NSC control, Emily Iron Formation bedrock which is the host strata to manganese mineralization and locations of the seven completed NSC drill holes.

Further to its announcement of 13^th January 2023, the Company wishes to clarify that it has granted an aggregate of only 3,150,000 stock options to certain directors, officers and consultants of the Company, and not the amount of 3,650,000 stock options as previously advised. These stock options were issued in accordance with, and subject to, the provisions of the Company's stock option plan and are subject to approval of the TSX Venture Exchange. Each stock option entitles the holder to purchase one Common Share of the Company at an exercise price of $0.25 per share for a 5-year period.

This news 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 (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to "U.S. persons" (as that term is defined in Rule 902(k) of Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Qualified Person

The scientific and technical data contained in this news release was reviewed and approved by Ian James Pringle PhD, who is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Nevada Silver Corporation

Nevada Silver Corporation (TSXV: NSC) (OTCQB: NVDSF) is a U.S.-based mineral development company with manganese and silver projects geared to supporting the transition to clean energy. NSC's principal asset is the Emily Manganese Project in Minnesota, which has been the subject of considerable technical studies, with US$25 million invested to date. The Company's mission in Minnesota is to become a domestic U.S. producer of high-purity, high-value manganese metal and chemical products for supply to U.S. energy, technology and industrial markets. With manganese playing a critical and prominent role in lithium-ion battery formulations, and with no domestic supply or active mines in North America, this represents a significant opportunity for NSC shareholders. In addition, NSC owns and operates the Corcoran Silver-Gold Project in Nevada. Both Corcoran and Emily have been the subject of National Instrument 43-101 compliant mineral resource estimates.

NSC will seek shareholder approval to change its name to Electric Metals USA Limited at the Company's Annual General Meeting in May 2023.

Neither the 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.

For further Information please contact:
Gary Lewis, Group CEO & Director: (647) 846 5299 - gl@nevadasilvercorp.com

Forward-Looking Statements: Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and Nevada Silver Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any securities that may be described herein and accordingly undue reliance should not be put on such.

SOURCE:Nevada Silver Corporation

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Nevada Silver Corporation Announces Effective Date of Name Change to Electric Metals Limited

Nevada Silver Corporation (TSXV: NSC) (OTCQB: NVDSF) ("NSC" or the "Company"), further to its press release of 8th May 2023, is pleased to announce that the effective date of its change of name to "Electric Metals (USA) Limited" will be 16th May 2023 (the "Effective Date"). On that date, the Company will begin trading at the open on the TSX Venture Exchange under its new name and ticker symbol "EML". On the Effective Date, the new ISIN number for the Company will be CA28489D1024 and the new CUSIP number will be 28489D102. The Company is intending that its new ticker symbol on the OTCQB will be "EMUSF".

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Nevada Silver Corporation Announces Results of Annual and Special Meeting of Shareholders

Elected as directors Mr. Oliver Lennox-King, Ms. Megan McElwain, Mr. John Kutkevicius, Dr. Henry Sandri and Mr. Gary Lewis;
Reappointed Baker Tilly WM LLP, Chartered Accountants, as the Company's auditors;
Approved the continued use of the Company's stock option plan in accordance with TSX Venture Exchange ("TSXV") policies;
Approved an amendment to the articles of the Company to add a provision permitting the directors to appoint one or more additional directors between annual meetings of shareholders; and
Approved approved the change of name of the Company to "Electric Metals (USA) Limited", or such other name as determined by the Board of Directors and as may be acceptable to the regulatory authorities (the "Name Change").

Nevada Silver Corporation (TSXV: NSC) (OTCQB: NVDSF) ("NSC" or the "Company") is pleased to announce the results of its annual and special meeting of shareholders held on 4th May 2023 (the "Meeting"), the results of which are summarized above.

Following the Meeting, the Board of Directors of the Company resolved to proceed with the Name Change. Following receipt of all regulatory and stock exchange approvals, the Company's stock is expected to begin trading under its new name and TSXV ticker symbol of "EML". The Company will make a further announcement when such date has been determined.

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Nevada Silver Provides Update on Drilling, Permitting and Battery Testwork at the High-Grade Emily Manganese Project, Minnesota, USA

Three diamond core drill holes have been completed and samples submitted for analyses as drilling progresses on schedule.
Drill holes have all intersected high-grade manganese mineralization close to anticipated depths.
Metallurgical and battery test work will resume when the majority of planned drill holes in the eastern portion of the deposit are completed.
Barr Engineering will undertake environmental studies on recently acquired land in preparation for additional drilling.

Nevada Silver Corporation ("NSC" or the "Company") (TSXV:NSC)(OTCQB:NVDSF) is pleased to provide an update on the inaugural drill program, and other technical and permitting activities at its high-grade Emily Manganese project in Minnesota, USA. The Emily Project ("Emily") is located in the Cuyuna Iron Range of central Minnesota, USA (Figure 1), an area with a rich mining history and support from established local infrastructure, a skilled mining workforce and abundant power and gas

Figure 1. The Emily Project is part of the Emily District of the Cuyuna Iron Range in Crow Wing County, Central Minnesota. The Emily District includes the highest-grade manganese resource in North America.

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Nevada Silver Announces Major Land Acquisition in Minnesota to Significantly Expand the Emily Manganese Exploration Footprint

Signs lease and purchase option agreements covering two strategic blocks of land joining the Company's existing holdings.
First company to consolidate land into one contiguous block covering much of the manganese-iron deposition previously drilled by US Steel and Pickands Mather.
NSC to review drill program now underway to include additional holes to cover high-grade historical intercepts on this newly acquired ground.

Nevada Silver Corporation ("NSC" or the "Company") (TSXV:NSC)(OTCQB:NVDSF) a US-based mineral development company with manganese and silver projects geared to supporting the transition to clean energy, is pleased to announce that the Company's Minnesota subsidiary, North Star Manganese Inc ("NSM") has signed lease and purchase option agreements with two private landowners in Emily, Minnesota on two adjacent blocks of land covering approximately 77 acres of surface and mineral rights

The Emily Project is located in the Cuyuna Iron Range of central Minnesota, USA (Figure 1), an area with a rich mining history and supported by well-established local infrastructure, a skilled mining workforce and abundant power and gas.

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Nevada Silver Corporation Commences Drilling at the Emily Manganese Project, Minnesota, USA

Nevada Silver Corporation ("NSC" or the "Company") (TSXV:NSC)(OTCQB:NVDSF) a US-based mineral development company with manganese and silver projects geared to supporting the transition to clean energy, is pleased to announce that the Company's Minnesota subsidiary, North Star Manganese Inc ("NSM") has received all necessary approvals and has commenced drilling at its Emily Manganese Project ("Emily" or the "Project"), Minnesota, USA

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Altech Batteries Ltd CERENERGY Accredited Highest Possible Green Rating

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to advise that its CERENERGY(R) battery project has been formally assessed as the highest possible green rating category, "Dark Green", by the independent Centre of International Climate and Environmental Research (former CICERO), now owned by Standard and Poor's Global Ratings based in Oslo, Norway.

Highlights

- Highest possible green rating category of "Dark Green"

- S&P Global Ratings agency, Oslo, Norway

- CERENERGY(R) battery emissions (kgCO2/kWh) expected to be one-third of lithium-ion batteries

- Assessment on environmental benefits and risks - Shades of Green methodology

- Eligible projects can access Green Bond debt market

- One of the debt financing options for CERENERGY(R) project

Altech acknowledges this tremendous result and believes the accreditation is testament to Altech's CERENERGY(R) battery being one of, if not the greenest battery technology available today, with the lowest carbon footprint, lowest supply chain requirements and environmentally friendliest in relation to raw materials. This represents an outstanding achievement of the dedicated battery team at Altech and Fraunhofer IKTS and confirms the long-term, sustainable battery technology and business strategy of CERENERGY(R) being rated as "Corresponding to the long-term vision of a Low-Carbon Climate Resilient future" by S&P Global Ratings.

Overall Shades of Green Assessment

Based on the project category shades of green detailed below, and consideration of environmental ambitions reflected in Altech Batteries GmbH's Green Bond Framework, S&P assessed the framework as Dark Green. Eligible projects under the issuer's green bond framework are assessed based on their environmental benefits and risks, using Shades of Green methodology.

S&P assessed the project category as Dark Green, primarily reflecting the importance of battery storage in the transition of the power and industrial sectors, the contribution to the development of alternatives to lithium-ion and cobalt-free batteries, and the CERENERGY(R) battery's comparatively low expected emissions and fossil-free direct production process.

The CERENERGY(R) battery is a solid state, sodium chloride battery. While lithium-based batteries are expected to continue as the dominant battery technology going forward, sodium-based batteries are anticipated to play an increasing role, particularly in the stationary storage market. In the IEA's STEPS scenario, for example, sodium-based batteries account for around 10% of annual capacity additions by 2030. Shifts to sodium-based batteries are expected because they require no critical mineral/metal inputs such as lithium, graphite, copper or cobalt. The primary materials in the CERENERGY(R) battery are sodium, alumina, and (recycled) nickel derivatives. Nonetheless, solid state, sodium-based batteries remain an emerging technology, with less extensive academic literature into their environmental performance compared with lithium-based equivalents.

According to the framework, the CERENERGY(R) battery has expected emissions of around 14 kgCO2/kWh capacity (scope 1, 2, and 3). According to the framework, scope 1 and 2 emissions are 4.07 kgCO2/kWh capacity. According to the issuer, the capacity figure for scope 3 emissions of about 10 kgCO2/kWh derives from data provided by, and discussions with, large suppliers, transportation emissions, and conservative estimates for more minor suppliers. By way of comparison, a 2019 paper from by the IVL Swedish Environmental Research Institute found an estimated range of 61-106 kg CO2/kWh cradle-to-gate emissions for lithium-ion batteries (NMC chemistry) for vehicles, depending mainly on the electricity mix.

The entire CERENERGY(R) direct production process will be powered by renewable energy. Altech Batteries GmbH has entered a power purchase agreement for the direct provision of solar energy, complemented by on-site solar installations. The CERENERGY(R) battery uses raw materials that entail less environmental risks. The CERENERGY(R) battery is fully recoverable/recyclable. Recycling of the CERENERGY(R) battery will take place at the plant and is carried out via mechanical, rather than chemical, recycling methods, which typically entail lower emissions and energy use.

Altech Batteries GmbH foresees large demand from industry for the CERENERGY(R) battery. This could relate to the use of batteries in industrial micro grids, or to support systems in data centres, logistics centres, and hospitals. It also considers heavy industry, such as steel and chemicals as potential end users. The use of batteries in industry contributes to the transition if they support or facilitate decarbonisation and electrification efforts, rather than, for example, power-cost optimisation. The issuer furthermore foresees grid storage as a large use of the CERENERGY(R) battery, whether co-located with renewable assets or directly integrated into transmission networks. Such use of batteries is crucial for the integration of variable renewable energy sources (including for backup or peak load) and demand management, as well as for supporting grid reliability and stability, though can also be used for other purposes, for example purely for price arbitrage.

The issuer screened the CERENERGY(R) battery plant and supporting infrastructure (e.g. roads and power supply) for physical climate risks. Consideration of physical risk also extends to its supply chain, for example in its supplier risk assessments and consideration of potential disruption to supply chain logistics.

Managing Director Iggy Tan said that the positive project assessment, formally termed a "Second Party Opinion" (SPO), confirms that Altech's CERENERGY(R) project aligns to ICMA Green Bond Criteria and is of a type suitable for finance via green bonds. "The project can now be accessed by investors that participate in the green bond market, the size of which is approaching US$250 billion annually and a large portion of which is present in Europe. The CERENERGY(R) project's green shading score does not affect bond pricing, rather it provides a transparent mechanism by which green bond investors are able to categorise their investment in terms of climate risks and impacts. We are very proud of achieving this significant milestone" he said.

About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

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SAGA Metals Completes Petrographic Analysis at Drill Ready Double Mer Uranium Project in Labrador, Canada

Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce the completion of an initial petrographic petrological analysis, confirming the presence of uraninite, a key uranium mineral, hosted within the pegmatites identified along the 18km trend; verified through uranium count radiometrics and surface sampling at the Double Mer Uranium project in Labrador, Canada.

Saga Metals flagship Double Mer Uranium Project – Labrador, Canada