Mr. Nicholas Rodway reports

CORE SILVER ANNOUNCES GRANT OF STOCK OPTIONS

Core Silver Corp. has granted stock options to purchase up to 1,725,000 common shares of the company to certain directors, officers, employees and consultants of the company, pursuant to the company's stock option plan. The options are exercisable for a period of five years from the date of grant at a price of 50 cents per share. The options will vest immediately. All of the options and the shares underlying the options are subject to a hold period of four months and one day from the date of grant in accordance with the policies of the Canadian Securities Exchange and applicable securities laws.

Additionally, the company has granted an aggregate of three million restricted share units, which will vest in eight equal semi-annual instalments of 12.5 per cent over a four-year period, with the first tranche vesting six months from the grant date. Each RSU represents the right to receive, once vested, one common share in the capital of the company.

About Core Silver Corp.

Core Silver is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in British Columbia, Canada. Core Silver currently holds 100-per-cent ownership in the Blue property mineral tenure, which covers a land area of 114,074 hectares (approximately 1,140 square kilometres). The project lies within the Atlin mining district, a well-known gold mining camp located in the unceded territory of the Taku River Tlingit First Nation and the Carcross/Tagish First Nation. The Blue property hosts a major structural feature known as the Llewellyn fault zone (LFZ). This structure is approximately 140 kilometres in length and runs from the Tally-Ho shear zone in Yukon, south through the Blue property to the Alaskan panhandle Juneau ice sheet in the United States. Core Silver believes that the south Atlin Lake area and the LFZ have been neglected since the last major exploration campaigns in the 1980s. The LFZ plays an important role in mineralization of near-surface metal occurrences across the Blue property mineral tenure. The past 50 years have seen substantial advancements in the understanding of porphyry, skarn and carbonate-replacement-type deposits both globally and in British Columbia's Golden Triangle. Core Silver has leveraged this information at the Blue property mineral tenure to tailor an already-proven exploration model and believes this could facilitate a major discovery. Core Silver is excited to become one of the Atlin mining district's premier explorers, where its team believes there are substantial opportunities for new discoveries and development in the area.

We seek Safe Harbor.