Kootenay Silver Inc. announced the filing of the first Technical Report on it's 100% owned Columba project ("Columba") located in Chihuahua State, Mexico. The report, titled "Technical Report for the Columba Silver Property", was prepared by independent consultants Moose Mountain Technical Services and was authored by Sue Bird P.Eng., with an effective date of March 17, 2023, and an issue date of July 28, 2023. The Technical Report was prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and is available under the Company's SEDAR profile and on the Kootenay website.

The report summarizes work done to date which entails just over 27,000 meters of drilling in 135 holes, detailed and regional geologic mapping and sampling over five principal veins and numerous subsidiary veins. The report recommends further drilling on the principal veins with both an increase of drill density to 50-meter spacing and exploratory drilling along undrilled and under drilled veins. It also recommends a metallurgical program on the principal areas of mineralization.

Columba hosts a vein district of classic epithermal veins which exhibit excellent potential for high grades as evidenced by drilling to date. The vein system is almost entirely preserved from erosion at the levels where silver mineralization begins. Thus, grades can be seen to increase significantly from surface to depth.

Drill Highlights: F Vein. CDH-19-008: 112 gpt silver over 33.50 meters and 509 gpt silver over 1.30 meters, CDH-19-012: 699 gpt silver over 2.10 meters and 755 gpt silver over 1.75 meters,CDH-19-038: 301 gpt silver over 4.63 meters including 628 gpt silver over 1.50 meters, CDH-19 -041: 159 gpt silver over 39.90 meters including 650 gpt silver over 7.45 meters, CDH-20-049: 763 gpt silver over 2.84 meters including 2,010 gpt silver over 1.01 meters, CDH-20 -051: 317 gpt silver over 6.0 meters including 865 gpt silver over 2.0 meters including 865gpt silver over 2.0 metres including 985 gpt silver over 1. 50 meters, CDH-22-121: 425 gpt silver over 1.16 meters and 2,330 gpt silver over 1.63 meters.