KOOTENAY SILVER CLOSES BROKERED PUBLIC OFFERING FOR GROSS PROCEEDS OF C$10.35 MILLION

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Kootenay Silver Inc. (" Kootenay " or the " Company ") (TSXV: KTN) is pleased to announce that the Company has completed its previously announced and upsized "best efforts" public offering (the " Offering ") for gross proceeds of C$10,350,000 from the sale of 9,241,071 units of the Company (each, a " Unit ") at a price of C$1.12 per Unit (the " Offering Price "). The completed Offering includes the exercise in full of the Agents' (as defined herein) over-allotment option for the sale of 1,205,357 Units for proceeds of C$1,350,000 .

Each Unit consists of one common share of the Company (each, a " Common Share ") and one half of one Common Share purchase warrant (each whole warrant, a " Warrant "). Each whole Warrant shall entitle the holder to purchase one Common Share of the Company at a price of C$1.68 at any time on or before April 25, 2026 .

The Offering was conducted by Red Cloud Securities Inc., acting as lead agent and sole bookrunner, and Research Capital Corporation (collectively, the " Agents "). In connection with the Offering, the Company paid the Agents a cash commission of C$591,000 and issued to the Agents 527,678 Common Share purchase warrants (the " Broker Warrants "). Each Broker Warrant entitles the holder thereof to acquire one Common Share at a price of C$1.12 per Common Share at any time on or before April 25, 2026 . The Company also paid aggregate cash finder's fees of $28,380.24 to certain arm's length finders in connection with Units purchased by certain president's list purchasers.

The Offering was completed pursuant to a prospectus supplement of the Company filed in all of the provinces of Canada and dated April 17, 2024 that supplemented the short form base shelf prospectus of the Company dated March 27, 2024 . The Offering remains subject to the final approval of the TSX Venture Exchange (the " TSX-V ").

The net proceeds raised under the Offering will be used for the advancement of the Company's Columba Silver Project in Mexico as well as for general working capital and corporate purposes.

The securities offered pursuant to the Offering have not been, nor will they be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About Kootenay Silver Inc.

Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico . Supported by one of the largest junior portfolios of silver assets in Mexico , Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver projects located in prolific mining districts in Sonora , State and Chihuahua, State, Mexico , respectively.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connation thereof.

Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company will allocate the net proceeds of the Offering to exploration programs on a successful basis. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the ability of the Company to apply the use of proceeds from the Offering as anticipated and those risks set out in the Company's public documents filed on www.sedarplus.ca . Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

SOURCE Kootenay Silver Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2024/25/c1831.html

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Kootenay Silver KTN:CA TSXV:KTN

KTN:CA

Drilling Dramatically Increases Strike Length of D-Vein with highs to 920 gpt Silver and 4.1% lead-zinc at Columba High-Grade Silver Project

Kootenay Silver Inc. (TSXV: KTN) (the "Company" or "Kootenay") is very pleased to announce results from the first six drill holes targeting the eastern extension of the D-Vein target.

Four of the first six holes (CDH-24-148 to 151) were deliberately drilled at shallow levels to establish dip orientation of the vein before testing the deeper productive zone. Outcrop exposure is limited in the drilling area and initial holes drilled for structure followed by holes CDH-24-152 and 153 that drilled for grade at a significant 200 meter step out from previous intercepts at a comparable depth.

Holes CDH-24-152 and 153 targeted D-Vein at or below the important elevation of 1750 meters above sea level below which, as a rule of thumb at Columba Project, high silver grades are encountered. These two holes are on the same fence and are both very large step outs of 200 meters from the nearest intercept below 1750m elevation (CDH-23-147). and both intercepted mineralization in the D-vein. The two holes are 150 meters apart in the dip direction.

Holes CDH-24-152 to 153 increase the previously established 450 meter strike length to 650 meters between holes CDH-23-136 to 137 and CDH-24-152 to 153.

Highlights

CDH-24-153

435 gpt silver over 11 meters drilled width/3.52 meters estimated true width within 183 gpt silver over 40 meters drilled width/12.96 meters estimated true width
920 gpt silver assay high over 1.35 meters drilled width/0.43 meters est. true width
Very large lateral step out along strike from nearest holes at similar elevation around 1600 to 1675m .
~325 meters from CDH-23-145 (22 meters/15.4 meters est. true width of 174 gpt silver with 6 meters/4.2 meters est. true width of 435 gpt silver and 1 meter of 814 gpt silver ) ¹
~375 meters from CDH-22-128 (20 meters/13.6 meters est. true width of 136 gpt silver with 2 meters of 520 gpt silver) ²

CDH-24-152

Large step out along strike of previous drilling.
Tests the upper edge of high grade zone near 1775 meter above seal level
~ 200 meters along strike of CDH-23-147 ( 532 gpt silver over 8 meters drilled/4.96 meters est. true width within 219 gpt silver over 28 meters) ³
~ 150 meters up dip of CDH-24-153
347 gpt silver over 5.6 meters drilled/3.36 meters est. true width within 240 gpt silver over 9.0 meters drilled /5.4 meters est. true width.
492 gpt silver over 2.65 meters drilled/1.59 meters est. true width.

The current drilling program is designed to find the strike extent of D-Vein mineralization in preparation of infill drilling and a now fully funded follow up program of 20,000 meters, aimed to delineate a maiden resource expected in late 2024. In addition to the D-Vein, the Company maintains a priority list of new vein targets and known vein extensions all warranting drill testing.

Kootenay's President & CEO, James McDonald states, "We increased the magnitude of step outs on the D-Vein with 100 to 300 meter step outs to great success on the first few holes. These large step outs along strike and down dip are rapidly building volume of mineralized vein. We are very excited to continue stepping out and are preparing to add a drill rig to test high priority targets while one will remain dedicated to step out then infill drilling of D-Vein."

Drill highlights, maps and sections from the project are tabulated on the Company's website at the links below

Click to view the drill plan , long section , and cross sections .

Table 1. D Vein Intercepts from shallow drilling

Hole ID	From (meters)	To (meters)	Interval (meters)	Est. True width	Silver gpt	Pb %	Zn%	Geologic Intersection
CDH-24-148	92.00	97.00	5.00	2.50	47	0.01	0.01	D-Vein
CDH-24-149	226.50	228.00	1.50	0.75	53	0.01	0.15
CDH-24-150	no	significant	intervals					D Vein at 153- 157.5m
CDH-24-151	123.00	148.50	22.5 *	12.00	72.5	0.02	0.05	D-Vein
Includes	126.00	129.00						Cavern
and	130.50	141.30	10.80	6.16	140	0.04	0.05	D-Vein
Includes	136.00	137.00	1.00	0.57	223	0.03	0.06	D-Vein

Table 2. Highlights of Drill holes Targeting D-Vein Below 1750m elevation

Hole ID	From (meters)	To (meters)	Interval (meters)	Est. True width	Silver gpt	Pb %	Zn%	Geologic Intersection
CDH-24-152	140.00	170.00	30.00	18.00	83	0.05	0.17	D-Vein System
includes	148.00	157.00	9.00	5.40	240	0.14	0.42	D-Vein System
includes	150.40	156.00	5.60	3.36	347	0.20	0.60	D-Vein
Includes	151.50	154.15	2.65	1.59	492	0.40	1.05	D-Vein
Includes	152.00	153.00	1.00	0.60	539	0.30	1.60	D-Vein
CDH-24-153	275.50	316.00	40.50	12.96	183	0.01	0.22	D-Vein System
includes	300.00	311.00	11.00	3.52	481	0.02	0.68	D-Vein
includes	309.00	310.35	1.35	0.43	920	0.80	3.30	D-Vein

As previously mentioned, results discussed herein represent the first series of holes designed as aggressive step outs along the D-Vein structure in a region where the structure is not visible at surface. Holes CDH-24-148 to CDH-24-151 successfully intersected the target at shallow depths, above the projected upper horizon of strong mineralization. These holes will provide invaluable information for subsequent drilling targeting high grade mineralization. Holes CDH-24-152 and CDH-24-153 intersected the D Vein at a deeper levels and silver grades returned were correspondingly higher.

The company has completed over 30,000 meters of diamond drilling in 153 holes at Columba since 2019 and intercepted numerous veins with high silver grades and widths indicating excellent resource potential. Prospective veins on the project are hosted within a volcanic caldera setting, the surface extent of mapped veins measuring roughly 4 kilometres by 3 kilometres. Management believes that Columba may be a newly recognized vein district that is nearly entirely preserved from erosion.

A comprehensive list of drill results completed on the Columba Property since 2019 may be viewed here: Columba Drill Results .

Sampling and QA/QC at Columba

All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company to ALS Minerals ("ALS") in Chihuahua. The Company inserts blanks, standards and duplicates at regular intervals as follows. On average a blank is inserted every 100 samples beginning at the start of sampling and again when leaving the mineral zone. Standards are inserted when entering the potential mineralized zone and in the middle of them, on average one in every 25 samples is a standard. Duplicates are taken in the mineralized intervals at an average 2 duplicates for each hole.

The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver, B.C. Systematic assaying of standards, blanks and duplicates is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30-gram fire assay with an AA finish. All drilling reported is HQ core and was completed by Globextools, S.A. de C.V. of Hermosillo, Sonora, Mexico .

Qualified Persons

The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf of Kootenay by Mr. Dale Brittliffe, BSc. P. Geol., Vice President, Exploration of Kootenay Silver, is the Company's nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, has reviewed the scientific and technical information disclosed in this news release. Mr. Brittliffe is not independent of Kootenay Silver.

About Kootenay Silver Inc.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

The information in this news release has been prepared as at May 20, 2024 . Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as "expected", "may", "will" or similar terms.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Kootenay as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, Kootenay expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Kootenay's expectations or any change in events, conditions or circumstances on which any such statement is based.

Cautionary Note to US Investors: This news release includes Mineral Reserves and Mineral Resources classification terms that comply with reporting standards in Canada and the Mineral Reserves and the Mineral Resources estimates are made in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (" NI 43-101 "). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ significantly from the requirements adopted by the U.S. Securities and Exchange Commission (the " SEC "). The SEC sets rules that are applicable to domestic United States reporting companies. Consequently, Mineral Reserves and Mineral Resources information included in this news release is not comparable to similar information that would generally be disclosed by domestic U.S. reporting companies subject to the reporting and disclosure requirements of the SEC. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.

________________________________

¹ Previously released December 7, 2023. Drilled width with estimated true width 65 to 80% of drilled.

² Previously released September 8, 2022. Drilled width with estimated true width 65 to 85% of drilled.

³ Previously released December 14, 2023. Drilled width with estimated true width 45 to 50% of drilled.

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SOURCE Kootenay Silver Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/21/c8788.html

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KOOTENAY RESOURCES ANNOUNCES CLOSING OF PRIVATE PLACEMENT

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ./

Kootenay Resources Inc. (" Kootenay " or the " Company ") announces that it has closed its previously announced non-brokered private placement offering (the " Offering ") for aggregate gross proceeds of $473,094.95 . The Company continues to work towards meeting the listing requirements of the TSX Venture Exchange (the " Exchange ") pursuant to the Exchange's conditional approval and will provide an update on the completion of the listing process as soon as possible.

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Introducing Mr. Jim McDonald, President & CEO of Kootenay Silver Inc.

CEO and Director Jim McDonald of Kootenay Silver (TSXV:KTN) sat down with Stockpools Inc. to discuss some exciting information on Kootenay Silver. Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada.
As quoted in the article:

La Cigarra has got tremendous upside, we really like that project. You know, location means a lot in mining exploration. You get into these good productive districts and you could pick any district in the world and they just seem to keep finding more and more reserves and more and more discoveries and this is one of those districts. The Parral Mining District is one of the premier silver mining districts in all of Mexico which makes it one of the premier silver mining districts in the world.

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Kootenay identifies significant new silver target at La Navidad Zone, on La Cigarra silver project, Mexico

Kootenay Silver (TSXV:KTN) is pleased to announce that recent detailed sampling and ground reconnaissance work completed by Kootenay has identified a well-defined silver bearing drill target within the La Navidad Zone on its La Cigarra silver project (the “Property”) located in Chihuahua State Mexico.
Kootenay Silver President & CEO Jim McDonald states, “The geology of the newly identified silver bearing target contained within the La Navidad Zone bears striking similarities to the San Gregorio Zone to the west, which hosts a large portion of La Cigarra’s contained NI 43-101 silver resource. Recent field results have made this region of the property a top priority for future drill testing, as its location and geological features offer considerable exploration upside to the potential that already exists within the main La Cigarra mineralized system”
The La Navidad Zone is situated approximately 500 meters to the east and parallel to the San Gregorio Zone, which currently contains approximately 60% of La Cigarra’s NI 43-101 Mineral Resource Estimate of 51.47 million ounces of silver in the Measured & Indicated categories (18,540,000 tonnes) grading 86.3 gpt silver and 11.46 million ounces of silver in the Inferred category (4,450,000 tonnes) grading 80 gpt silver. Click link to view: La Cigarra Resource Estimate.
Rock and soil sampling programs completed on the La Navidad Zone have defined a new mineralized area measuring up to 1,000 meters long by 300 meters wide; similar in size and as anomalous in silver values as those previously found at the San Gregorio Zone. Highlights of recent sampling completed by the Company at the La Navidad Zone include eight samples, one meter length, returning silver values ranging between 13 gpt to 183 gpt. Click link to view: Location, Sampling and Geological Setting Maps of La Navidad Zone on the La Cigarra Property.
The La Navidad Zone is one of eight prospective targets that have been identified proximal to the La Cigarra deposit with the potential to add near surface silver resources to the project. Kootenay is currently conducting further studies at La Cigarra to define and prioritize targets for possible future drilling.
La Cigarra Drilling Update

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Kootenay Silver Reports That Pan American Silver Commences Drilling At La Negra Project, Mexico

Kootenay Silver (TSXV:KTN) is pleased to announce that Pan American Silver Corp. (“Pan American”) has informed Kootenay that a drill program has commenced on the Company’s La Negra high grade silver discovery contained within the Promontorio Mineral Belt Project located in Sonora State, Mexico.
The program, operated by Pan American, will total approximately 4,055 meters of core drilling over 25 holes. Drilling will focus on brownfield targets and consist of primarily infill drilling as well as step out holes to depth.
The drill program is part of an earn-in option agreement between Kootenay and Pan American that provides Kootenay with a series of work and cash commitments and a carried to production interest on La Negra. Click to view: Details of La Negra Option Agreement with Pan American.
About the La Negra High Grade Silver Discovery
The La Negra discovery is a hydrothermal-diatreme breccia exposed over a 150 x 500 meter area contained within the Promontorio Mineral Belt Project, approximately seven (7) kilometres north of the Promontorio silver deposit in Sonora State, Mexico.
Since the initial discovery in 2014, Kootenay has completed a total of 6,200 meters of drilling over 41 core holes. Results have confirmed significant intervals of high grade, widespread silver mineralization extending from surface to depth of 300 meters. Highlights from these drill programs include hole LN- 21 reporting 200 metres of 156 g/t silver with the bottom 50 metres grading 420 g/t silver including 6 metres of 1,337 g/t silver.
Pan American began managing the La Negra exploration program in April 2016. Drilling conducted by Pan American confirmed high-grade results previously reported by Kootenay as well as the presence of a second breccia zone further to the south, which currently remains open at depth. To date, Pan American has completed a total of 6,800 meters of drilling over 29 core holes. Click to view: Comprehensive Drill Results Completed on the La Negra Discovery.
Sampling and QA/QC
Samples were assayed by Inspectorate of Hermosillo, Mexico, using four acid digestion 35 element ICP analytical methods with fire assay for Au and Ag with atomic absorption finish and gravimetric finish, respectively. Pan American has followed a Quality Assurance/Quality Control program comprised of the insertion of blank material and certified standard samples at a frequency of one each for every 20 samples. There is no known drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data referred to in the table. Holes are drilled with a diamond core drill rig.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of two of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: www.kootenaysilver.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
The information in this news release has been prepared as at July 10, 2017. Certain statements in this news release, referred to herein as “forward-looking statements”, constitute “forward-looking statements” under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as “expected”, “may”, “will” or similar terms.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Kootenay as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, Kootenay expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Kootenay’s expectations or any change in events, conditions or circumstances on which any such statement is based.
Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC’s mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
This press release uses the terms “Measured”, “Indicated”, and “Inferred” resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of a Mineral Resource is economically or legally mineable.
Click here to connect with Kootenay Silver (TSXV:KTN) to receive an Investor Presentation.

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