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Kootenay Intercepts High Silver Grades 2,010 gpt Over 1 Meter -- Defines New Hang Wall Structure at Columba Project, Mexico

Kootenay Silver Inc. (TSXV: KTN) (the "Company" or "Kootenay") is pleased to announce assay results from an additional four holes at the Columba high-grade silver project (the "Property"), located in Chihuahua State, Mexico.  These holes are the remaining 4 of 10 holes completed from the 2020 drill program (the "Program") before the COVID-19 work stoppage.

Kootenay President and CEO, James McDonald stated: "Now we have drill results that show continuity and high grades along nearly 600 meters of strike on the F Vein at depths from 15 to 200 meters. Important to note in this release are holes 51 and 49 with silver grades exceeding 800 gpt and 2000 gpt, respectively. These grades are in new veins that are additive to the F Vein. The hanging-wall structure in particular shows high grades of silver and good continuity along 400 meters of strike. Holes 51 and 49 also hit high silver grades of 769 gpt and 484 gpt in the F Vein, successfully extending high grade silver mineralization 100 and 150 meters down dip from holes 45 and 42."

Highlights of Holes CDH-20-048 to CDH-20-051:

CDH-20-048

  • 259 gpt silver over 1.06 meters in the Hanging-wall structure.
  • 197 gpt silver over 3.6 meters within 124 gpt silver over 7.0 meters in the F Vein structure.

CDH-20-049

  • 2,010 gpt silver over 1.0 meter within 762 gpt silver over 2.8 meters in the Hanging-wall vein.
  • 368 gpt silver over 0.65 meters within 68 gpt silver over 10.2 meters in the Hanging-wall structure.
  • 484 gpt silver over 1.4 meters within 209 gpt silver over 4.4 meters in the F Vein structure.

CDH-20-050

  • 486 gpt silver over 0.45 meters within 50 gpt silver over 38 meters in the F Vein structure.

CDH-20-051

  • 865 gpt silver over 2.0 meters within 317 gpt silver over 6.0 meters in the Hanging-wall structure.
  • 769 gpt silver over 1.1 meters and 317 gpt silver over 4.36 meters within 72 gpt silver over 36 meters in the F Vein structure.

These holes show exciting expansion down dip and the continuity and high grade of a new Hanging-wall structure. Click the following links to view: Plan Map and Cross Sections for holes CDH-20-048 to 051

Detailed Drill Results – Holes CDH-20-048 to CDH-20-051

image 36image 38

All widths are drilled widths. At this time, it is estimated true widths will range from 60 to 80% of drilled widths depending on dip of the vein and inclination of the hole. All silver composites rounded to the nearest whole number.

The 2019 drill program totaled 6,853 meters in 41 holes. Detailed results for all drill holes can be viewed by clicking the following link: Columba Drill Results.

Qualified Persons

Sampling and QA/QC at Columba

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 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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
The information in this news release has been prepared as at May 25, 2020. 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.

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