Mr. Gary Lewis reports

NEVADA SILVER CORPORATION ANNOUNCES EFFECTIVE DATE OF NAME CHANGE TO ELECTRIC METALS (USA) LIMITED

Further to Nevada Silver Corp.'s press release of May 8, 2023, the effective date of the company's change of name to Electric Metals (USA) Ltd. will be May 16, 2023. 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".

As there will be no consolidation of the Company's share capital in connection with the name change, shareholders will not be required to exchange their existing share certificates for new certificates bearing the Company's new name. The name change will not affect the Company's share structure, or the rights of the Company's shareholders and no action will be required to be taken by shareholders with respect to the name change. Outstanding share and warrant certificates will not be affected by the name change and do not need to be exchanged. Along with the name change, the Company will be modifying its logo and will be launching a new website which can be accessed at www.electricmetals.com.

Gary Lewis, Director and Chief Executive Officer of the Company, commented, "We believe that the change of name to Electric Metals (USA) Limited better reflects the focus of the Company and its vision for the future, and its value proposition as a developer of battery and technology-related minerals, including its US manganese and silver properties."

About Electric Metals (USA) Limited

Electric Metals (USA) Limited (TSXV: EML) is a U.S.-based mineral development company with manganese and silver projects geared to supporting the transition to clean energy. EML's principal asset is the Emily Manganese Project in Minnesota, which has been the subject of considerable technical studies, including a National Instrument 43-101 Technical Report - Resource Estimate, with US$26 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 current domestic supply or active mines for manganese in North America, the exploration and development of the Emily Manganese Project represents a significant opportunity for EML shareholders. In addition, EML owns and operates the Corcoran Silver-Gold Project in Nevada, which has also been the subject of a National Instrument 43-101 Technical Report - Resource Estimate.

We seek Safe Harbor.