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Kootenay Reports Drilling Intersects 0.77 gpt Gold Over 160.0 Meters Including 1.04 gpt Gold Over 80.0 Meters at Cervantes Gold Property, Sonora, Mexico

April 24, 2018

Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to report that Aztec Minerals Corp. (“Aztec Minerals”) today announced the results of 3 additional holes from its phase I drill program totaling 3,000 meters, currently underway at Kootenay’s Cervantes gold project, located in Sonora State, Mexico.

Drilling by Aztec Minerals continues to intersect long intervals of porphyry-type gold (copper, silver) mineralization on the California Target.Recent results are highlighted by drill-hole 18CER010 which intersected 160.0 meters grading 0.77 grams per tonne (gpt) gold, 0.125% copper and 3.4 gpt silver, including a higher-grade intercept assaying 1.04 gpt gold, 0.11% copper, and 4.0 gpt silver over 80.0 meters starting at a down hole depth of 4.0 meters. Click here to view the map of the drill area: https://tinyurl.com/ybqz2vxb

The full news release issued by Aztec Minerals can be found at: http://aztecminerals.com/

The Cervantes Property is held under an earn-in option agreement whereby Aztec Minerals can acquire up to 100% interest in the property in two stages which would leave Kootenay with a 2.5% NSR and a payment of US$5.00 per ounce or gold equivalent based on a NI 43-101 Resource Estimate. See Kootenay news release dated October 13, 2015.

Drill Results

A table of drill results can be viewed via the link below.

Notes: Drill holes were oriented to cross the most prominent structures seen in outcrops so core lengths reflect the approximate interpreted true width of the California zone mineralization. One sample in hole 18CER010 had a value of 183.8 gpt silver but was capped at 20.5 gpt silver by statistical analysis. No other sample results required capping.

Sampling and QA/QC

All core samples were split in half, placed into plastic bags, labeled with sample number, closed with zip ties, and placed in rice sacks by Aztec Minerals. Samples were typically collected in 2.0m intervals with occasional exceptions of 2.1m to 4.35m intervals due to lower core recovery. Blanks, duplicates, and 3 different certified standards were inserted into the sample stream and subsequently reviewed without any outliers or abnormal results. The samples were delivered to Bureau Veritas Laboratories in Hermosillo and analyzed for gold using a 30gram sample by fire assay fusion with AAS finish. Samples were shipped to Vancouver and analyzed with a 0.25gram sample using 4-acid ICP-MS providing analysis on 36 elements.

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.

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.

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: http://www.kootenaysilver.com

http://www.kootenaysilver.com/news/kootenay/2018/kootenay-reports-drilling-intersects-077-gpt-gold-over-1600-meters-including-104-gpt-gold-over-800-meters-at-cervantes-gold-property-sonora-mexico