Kootenay Silver Inc. provided an update on drilling at the Columba high-grade silver project (the "Property"), located in Chihuahua State, Mexico. Significant progress has been made on the 15,000-meter drilling program announced earlier in the year. A considerable proportion of assay results are outstanding, and the Company has initiated a pause, awaiting receipt of results to assist in targeting of additional step-outs.

Columba is a past producing high-grade silver underground mine and the area is known host to dozens of mineralized veins. Kootenay initiated its first drilling program in 2019 and has returned many high-grade silver intervals (for details see Columba Project). The current program of drilling will test extensions of F Vein, D Vein, B Vein and JZ Veins as well as exploratory step-outs on other prospective veins.

The 2022 program commenced with a series of drill holes targeting F Vein and D Vein. Core logging to date confirms that each hole at F and D successfully encountered its target. Pierce point locations including interval widths are shown in plan maps and long sections for F Vein and D Vein.

Kootenay eagerly awaits results as additional holes may be warranted. Current program vein intercepts from F Vein range from less than one meter to over 5 meters in drilled length in 7 holes for an average of 2 meters of drilled width. Associated stockwork veining and hydrothermal breccia zones adjacent to the F-Vein range from 6 to 30 meters in drilled length.

True widths are estimated to range from 65 to 85% of drilled width. Step-outs from previous intercepts range from 50 to 75 meters, each hole successfully expanding the known size of the F Vein. Prior to this current program drilling had established 700 meters of strike along the F Vein down to a vertical depth of 200 meters and open to depth.

D Vein step-outs from previous drilling vary from 50 to 100 meters and all 11 holes from the current program intercepted the target. D Vein intervals to date range from 0.98 to 17.4 meters with an average of 6.9 meters downhole length with true widths estimated to range from 65 to 85% of downhole length. Including previous holes D Vein has been hit consistently along a strike of over 430 meters and a vertical extent of 340 meters and remains open in all directions.

Assays will be released once final assays are received and compiled. Turn around has been longer than anticipated.