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KOOTENAY EXPANDS LAND POSITION AT COLUMBA HIGH-GRADE SILVER PROJECT, MEXICO

October 14, 2021

Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to announce it has significantly increased its land holdings contiguous to the original Columba High-Grade silver Project, located in Chihuahua State, Mexico. The Company’s new area of interest will now expand from just under 1,000 hectares to more than 10,000 hectares with the application of a new concession surrounding the Columba project.

James McDonald, President & CEO, commented []i“We are very pleased to substantially increase our land position surrounding the original Columba project, which continues to yield high-grade silver intercepts from several areas on the property. As a result, the Company believes the newly expanded Columba land package represents an excellent district-scale exploration opportunity that will provide potential for high-grade silver discoveries.”

Application for the new 10,825 hectare concession is in response to the excellent results from the Company’s 2021 exploration program indicating that the mineral system and extent of silver rich veins is much more extensive than what is seen at surface. Results from drilling and mapping completed by the Company have significantly extended several potential mineralized structures laterally along strike within several prospective areas at Columba.

Recently released drill holes such as CDH-21-103 from the JZ Trap zone have increased management’s belief in the potential for a large resource of high-grade silver and the desire for more mineral rights.

CDH-21-103 (see press release dated October 6, 2021) intercepted 2,035 gpt silver over 6 meters within 808 gpt silver over 17 meters and a wider width interval of 333 gpt silver over 44 meters, in the JZ Vein Area; representing a very prospective high-grade target at Columba. Additional drill highlights in the JZ Area include intercepts found in hole CDH-20-030 (415 gpt silver over 11.15 meters including 721 gpt silver over 4.07 meters) and hole CDH-20-060 (132 gpt silver over 64 meters including 361 gpt silver over 11 meters including 608 gpt silver over 5.0 meters, and 1,160 gpt silver over 1.0 meters all within 229 gpt silver over 22 meters).

Two other areas of immediate interest for the Company at Columba include the F Vein and B Vein Areas. Highlights of previous drilling along the F Vein including its hanging-wall system include holes CDH-19-041 (650 gpt silver over 7.45 meters within a wider interval of 159 gpt silver over 39.9 meters) and CDH-20-051 (865 gpt silver over 2 meters within a wider interval of 317 gpt silver over 6 meters in the hanging-wall vein adjacent to the F Vein). Potential of the B Vein is highlighted by hole CDH-20-084 which returned a high-grade drill interval of 1,186 gpt silver over 4.6 meters within a wider interval of 112 gpt silver over 70.5 meters.

Click to view all Columba drill results to date ( https://bit.ly/3p5T0EW ).

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 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 has been contracted to Globexplore Drilling from Hermosillo, Sonora, Mexico.

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.

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 James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.

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 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.

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

https://www.kootenaysilver.com/news/kootenay/2021/kootenay-expands-land-position-at-columba-high-grade-silver-project-mexico