KTN.V · 2019-09-25 12:00:00

Kootenay Drills Multiple High-Grade Silver Intercepts at Columba Silver Project, Mexico Highlights Include 699 gpt Silver over 2.1 Meters and 755 gpt Silver over 1.75 Meters

Drill Results

Kootenay Drills Multiple High-Grade Silver

Intercepts at Columba Silver Project, Mexico

Highlights Include 699 gpt Silver over 2.1 Meters and 755 gpt Silver over 1.75 Meters

VANCOUVER

Sept. 25, 2019

/CNW/ -

Kootenay Silver Inc. (TSXV: KTN) (the "Company" or

"Kootenay")

is pleased to announce drill results from three core holes on the F Vein and five on the

I Vein completed at the Columba high-grade silver project (the "Property") in Chihuahua State,

Mexico.

Kootenay President and CEO

James McDonald

states,

"We continue to be pleased with the

drill results at Columba. Step-out drill hole 19-012 intercepted 699 gpt silver over 2.1 meters

and 755 gpt silver over 1.75 meters at a depth deeper than any previously known

mineralization. In addition, drilling continues to hit multiple high-grade silver intercepts

above and below known historic silver veins and to demonstrate excellent lateral and vertical

extent along the F vein."

Highlights Include

755 gpt silver and 1.16 gpt gold over 1.75 meters F vein

699 gpt silver over 2.1 meters in new hanging wall vein to F Vein

894 gpt silver over 0.42 meters in new hanging wall vein to I Vein

1,005 gpt silver over 0.3 meters before entering old mine workings on I Vein

184 gpt silver and 0.21 gpt gold over 11 meters in hanging wall stock work above F Vein

As many as five different veins intercepted by a single drill hole (CDH 19-014)

Click the following links to view

Plan Map

Long Section

of the F Vein

Cross Section for holes CDH-19-011 and 19-012

and

Cross Section for holes CDH-19-013 and 19-014

Detailed Drill Results

Hole ID

From

(meters)

Interval

(meters)

Silver

gpt

Gold

gpt

Geologic

Intersection

CDH-19-011

63.0

74.0

11.0

133

0.04

0.15

F Vein

Includes

63.0

68.0

5.0

245

0.126

0.07

0.27

Includes

65.0

66.0

1.0

648

0.634

0.218

0.609

104

105.2

1.2

228

0.126

0.561

Footwall Vein

122.13

124

1.87

102

0.031

0.113

Footwall Vein

CDH-19-012

145.65

147

1.35

113

0.041

0.064

Hanging Wall

Vein

150.3

152.4

2.1

699

0.366

0.799

214.5

215.1

0.6

113

0.053

0.092

237.0

248.0

11.0

184

0.205

0.13

0.393

F Vein

Includes

238.85

242

3.15

476

0.657

0.295

1.04

Includes

239.65

241.4

1.75

755

1.158

0.47

1.725

270.0

272.0

2.0

111

0.017

0.02

Footwall Vein

CDH-19-013

80.85

18.85

0.01

0.1

Hanging Wall

Vein

80.85

4.15

273

0.07

0.2

I Vein

Includes

80.85

81.5

0.65

697

0.15

0.29

Includes

82.35

2.65

328

0.1

0.24

CDH-19-014

54.08

54.59

0.51

155

0.055

0.125

Hanging Wall Vein

80.43

80.85

0.42

894

0.023

0.408

Hanging Wall Vein

107.57

108.3

0.73

115

0.049

0.133

Hanging Wall Vein

136

137.25

1.25

262

0.207

0.648

Hanging Wall Vein

158

162.71

5.01

261

0.316

0.55

I Vein

CDH-19-015

224

224.56

0.56

283

F Vein

CDH-19-016

58.33

62.5

4.17

0.021

0.034

Hanging wall vein

67.1

67.4

0.3

1,005

0.361

0.687

I Vein

(mined stope)

CDH-19-017

104

117.4

13.4

0.04

0.12

I Vein

Includes

112

117.4

5.4

146

0.1

0.24

Includes

114.92

117.4

2.48

212

0.2

0.33

117.4

118.95

1.55

mined stope

CDH-19-018

16.7

70.83

54.13

0.01

0.05

Hanging Wall Vein,

I Vein

& Footwall

Includes

40.86

41.4

0.54

357

I Vein

Includes

63.71

0.71

237

0.091

0.268

Footwall Vein

Includes

68.66

0.66

150

0.125

0.354

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.

Expanded Drilling Discussion with Highlights:

CDH 19-011

F Vein:

648 gpt silver and 0.64 gpt gold

over 1.0 meter

within

245 gpt silver over 5.0

meters

and

133 gpt silver over 11

meters

Two separate footwall veins intercepted:

228 gpt over 1.2 meters

and

102 gpt over 1.87

meters

Increases the mineral strike length of the F vein approximately 100 meters to the southeast.

CDH 19-012

Three separate hanging wall veins:

699 gpt over 2.1 meters, 113 gpt silver over 1.35

meters

, and

113 gpt silver over 0.6 meters

F Vein:

755 gpt silver and 1.16 gpt gold over 1.75 meters

within

476 gpt silver and 0.66 gpt

gold over 3.15 meters

and

184

gpt silver and 0.21 gpt gold over 11.0 meters

Footwall Vein:

111 gpt silver over 2.0 meters

Extends mineralization approximately 100 meters downdip from hole CDH 19-011.

CDH 19-013

Hanging Wall Stock work veining: 45 gpt silver over 18.85 meters

I Vein:

273 gpt silver over 4.15 meters

includes

697 gpt silver over 0.65 meters

and

328 gpt

silver over 2.65 meters.

CDH 19-014

Four separate hanging wall veins intercepted: 155 gpt silver over 0.51 meters

; 894 gpt silver

over

0.42 metres, 115 gpt silver over 0.73 meters and

262 gpt silver over 1.25 meters

I Vein:

261 gpt silver over 5.01 meters

CDH 19-015

F Vein:

283 gpt silver over 0.56 meters

CDH 19-016

Hanging Wall Vein: 26 gpt silver over 4.17 meters

I Vein:

1,005 gpt silver over 0.30 meters

and then mined stope.

CDH 19-017

I Vein and Hanging Wall Stock work:

71 gpt silver over 13.4 meters

including

146 gpt silver

over 5.4 meters

and

212 gpt silver over 2.48 meters

followed by open mine workings.

CDH 19-018

Hanging Wall Vein Stock work: 32 gpt silver over 54 meters

I Vein:

357 gpt silver over 0.54 meters

Two separate footwall veins intercepted:

237 gpt silver over 0.71 metres

and

150 gpt silver

over 0.66 metres.

Holes CDH 19-011 and 12 show very good grades and widths away from historic workings and may

indicate a southeast plunge to high grades in the silver zone in the F vein. Grades ranged to 755 gpt

silver and 1.16 gpt gold over 1.75 meters in CDH 19-012, which is 230 meters vertically from

surface. CDH 19-015 is located about 150 meters to the west and was drilled to a depth of 250

meters and intersected a narrow medium grade, which also supports a southeast plunge direction to

the high-grade.

Holes CDH 19-013, 14, and 16 to 18 were drilled in the I vein which has some limited historic work.

All holes hit significant silver mineralization in both the I vein and several different hanging-wall veins

within a broader zone of stock work mineralization.

Stock works of thinner veinlets are seen above (hanging wall) both the F and I veins and can show

significant widths of low to moderate grade such as 184 gpt silver over 11 meters. This indicates

potential for developing wider zones and ounces more quickly when combined with the high-grade

intervals.

Drilling continues at the Property with a total of 24 holes completed to date and the program being

expanded from 3000 meters to approximately 4500 meters. It is anticipated that a total of 35 to 40

holes will be completed by early November with assay results continuing into December.

Qualified Persons

The Kootenay technical information in this news release has been prepared in accordance with the

Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for

Mineral Projects) and reviewed and approved on behalf Kootenay by

James McDonald

, P.Geo,

President, CEO & Director for Kootenay, a Qualified Person.

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 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 has been

contracted to Globexplore Drilling from

Hermosillo, Mexico

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.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

The information in this news release has been prepared as at

September 24, 2019

. 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.

SOURCE

Kootenay Silver Inc.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/September2019/25/c9471.html

%SEDAR: 00016508E

For further information:

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

CO: Kootenay Silver Inc.

CNW 09:00e 25-SEP-19

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