Kootenay Silver Inc. provide an update on the progress of diamond drilling at Columba Project. The ongoing program announced earlier this month is designed to step out along and beneath the known extents of the well mineralized D-Vein and is expected to total 12-15 holes for approximately 3,000 meters. The first four holes of the current program were drilled to target depth on the two westernmost sections of the planned campaign.

Holes CDH-23-136 to CDH-23-139 represent 50-meter step outs from known intercepts of D-Vein, one of the best mineralized veins encountered on the property so far. Analyses are awaited, however visual confirmation of mineralization and veining typical of D-Vein has been reported by the logging geologists in the holes to date where modeling predicted. Veining and associated stockwork mineralization in drilled length in each hole was observed to measure approximately 5.0 m vein/stockwork, 8.2 m vein and 23 m stockwork, 10 m vein and 26 m stockwork and 1.0 m vein, 3.0 m stockwork in holes CDH-23-136 through CDH-23-139 respectively.

The first 12 holes of the current program are designed to extend the D-Vein in preparation of a follow up program aimed to achieve a maiden resource 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. 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 zone, on average 1 to 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.