Kootenay Silver Inc. announced the balance of drilling results from its 2023 diamond drilling program at Columba Silver Project in Chihuahua, Mexico. The program totals 12-holes for a total of 3,052.8 meters designed to extend known mineralization on the D Vein target area at Columba. The results contained herein represent the final two drillholes for 2023.

Kootenay has completed over 30,000 meters in 147 holes since 2019 and the current drilling at D Vein target provides strong justification for resumption of work in the new year. Holes CDH-23-146 and CDH-23-147 are two of the southeastern most holes drilled leaving the strike potential wide open to the southeast where it appears it may converge onto the B Vein several hundred meters along strike. Selected highlights for drill holes CDH-23-146 and CDH-23-147 are as follows: CDH-23-146: 501 gpt silver, 0.3% lead, and 0.7% zinc over 10.26 meters from 173 meters downhole within a broad 24.26 meters of 228 gpt silver (all core length) including; 2,123 gpt silver and 1.3% lead and 2.2% zinc over 1.54 meters from 177.82 meters downhole including; 0.54 meters of 4,120 gpt silver, 3.4% lead, and 2.8% zinc from 178.82 meters downhole.

CDH-23-147: 532 gpt silver, 0.2% lead and 0.7% zinc over 8.19 meters within; 338 gpt silver, 0.1% lead and 0.4% zinc over 17 meters and 219 gpt silver and 0.3% zinc over 28 meters from 157 meters downhole including; 777 gpt silver, 0.6% lead and 0.7% zinc over 1.0 meters from 173 meters downhole and 914 gpt, 0.3% lead and 0.7% zinc silver over 1.0 meters Results from the Columba drilling continue to identify broad zones of mineralized stockwork adjacent to the D Vein proper. Drillholes CDH-23-146 and 147 represent the southeastern extent of drilling to date at D-Vein, leaving about 800 meters of untested extensions before a predicted intersection with B-Vein, another lightly drilled high grade vein system at Columba. The Columba Project hosts an extensive network of intermediate-style epithermal quartz, carbonate +/- barite veins aligned into two broadly cross-cutting orientations.

Fieldwork to date has identified numerous mineralized structures across the project measuring up to 4 kilometres in length. Intersection zones and flexures along the main structures represent high-priority targets with potential to host rich mineralized shoots. The current drilling program is designed to extend the D-Vein in preparation of a wider spaced follow up program 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. 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.