Early Warning Report

Halifax, Nova Scotia – August 22, 2016 – James Nicoll of Halifax, Nova Scotia has purchased 416,666 units of NSX Silver Inc. (NSY.H:TSXV) (“NSX Silver”) at a price of $0.06 per unit by way of private placement. The foregoing common shares represent in the aggregate 4.3% of the issued and outstanding common shares of NSX Silver. Each unit is comprised of one common share of NSX Silver and one common share purchase warrant. Each common share purchase warrant entitles the holder to acquire one additional common share of NSX Silver at a price of $0.12 until August 16, 2017.

Immediately following the closing of the private placement, the Mr. Nicoll owns and controls the following NSX Silver securities: (i) 1,241,666 common shares, representing approximately 12.9% of the issued and outstanding common shares of NSX Silver, and (ii) common share purchase warrants in respect of 416,666 common shares. Assuming the exercise of all warrants held by the Offeror, he would own 1,658,332 common shares, representing 16.6% of the NSX Silver common shares that would then be issued and outstanding.

Mr. Nicoll acquired the common shares of NSX Silver for investment purposes, and may from time to time acquire ownership of, or control or direction over, additional securities of NSX Silver for investment purposes.

This news release is being issued under the early warning provisions of Canadian provincial securities legislation. Mr. Nicoll has filed an early warning report in respect of the acquisition of the shares on SEDAR under NSX Silver’s company profile.

For further information, please contact:

James Nicoll
jamie.nicoll@gmail.com

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.