KTN.V · 2019-11-19 12:00:00

Kootenay Drills Multiple Silver Intercepts on Five Different Veins at Columba Silver Project, Mexico Highlights Include 6.25 Meters of 244 gpt Silver with 373 gpt Silver over 1.5 meters

Drill Results

Kootenay Drills Multiple Silver Intercepts on

Five Different Veins at Columba Silver Project,

Mexico

Highlights Include 6.25 Meters of 244 gpt Silver with 373 gpt Silver over 1.5 meters

VANCOUVER

Nov. 19, 2019

/CNW/ -

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

"Kootenay")

is pleased to announce assay results from the next ten core drill holes testing five veins (I,

D, E, J and Z) at the Columba high-grade silver project (the "Property") in Chihuahua State, Mexico.

Recent Highlights of the Continuing Drill Program

Hole CDH-19-022: 244 gpt silver over 6.25 meters including 373 gpt silver over 1.5 meters

intercepting the D Vein;

Hole CDH-19-021: 187 gpt silver over 1.2 meters intercepting the D Vein and 51 gpt silver over

23.8 meters including 191 gpt silver over 2.0 meters in the footwall (D Vein);

Hole CDH-19-025: 105 gpt silver over 7.6 metres including 32 gpt silver over 98.1 metres in

stockworks and breccias (J Vein);

Hole CDH-19-027: 115 gpt silver over 6.56 meters intercepting the J Vein (fault)

Hole CDH-19-028: 72 gpt silver over 14.0 meters including 95 gpt silver over 10 meters intercepting

stockwork along the J Vein;

Drilling not only confirmed intercepts of high-grade silver, but also potential bulk-minable silver

mineralization with significant exploration potential remaining along strike and depth on several

veins.

Click the following links to view

Plan Map

and

Cross Sections for holes 19 to 28

Kootenay President and CEO

James McDonald

states, "These results continue to show

excellent resource potential at Columba with all holes reporting good silver mineralization. We

are now seeing silver in widespread stockwork/breccia zones which we believe may coalesce

into high grade 'feeder' veins a little deeper than tested. In the D Vein holes contain grades to

373 gpt silver even though we are almost 75 meters higher than where we see high grade in the

nearby F Vein which indicates good potential for higher grades a little deeper than tested." (

Click link to view a graphic example of zonation for lower to higher grades with increasing depth

Detailed Drill Results

Hole ID

From

(meters)

Interval

(meters)

Silver

gpt

Geologic

Intersection

CDH-19-019

12.0

0.01

0.08

Hanging Wall vein

53.55

79.3

25.75

0.01

0.05

102

119.04

17.04

0.03

0.07

Hanging Wall & I vein

Includes

109.8

110.32

0.52

175

0.308

0.462

I Vein (Faulted)

CDH-19-020

2.0

147

0.032

0.1

Hanging Wall vein

179.06

180.04

0.98

122

0.126

0.513

Hangwall Vein

259

260.75

1.75

113

0.077

0.332

Hangwall of I Vein?

CDH-19-021

92.2

1.2

187

0.1

0.361

D Vein

92.2

116

23.8

0.02

0.1

Footwall stockwork-

breccias

Includes

112

114

2.0

191

0.084

0.168

CDH-19-022

77.75

6.25

244

0.117

0.231

D Vein

Includes

79.3

80.8

1.5

373

0.211

0.403

CDH-19-023

139.9

150.2

10.3

0.034

0.085

E Vein

Includes

143

144

1.0

138

0.046

0.115

157.1

158.74

1.64

236

0.074

0.068

175.35

176.6

1.25

145

0.028

0.08

Footwall E Vein

193.38

194.34

0.96

146

0.047

0.072

201

202

1.0

138

0.067

0.044

CDH-19-024

29.48

1.52

198

0.05

0.138

J Vein

Includes

30.5

0.5

358

0.033

0.337

48.8

25.2

0.02

0.087

Z Vein-Breccias

Includes

53.4

54.9

1.5

160

0.064

0.167

Z Vein

CDH-19-025

135.2

233.3

98.1

0.03

0.119

Stockworks and Breccias

Includes

186.05

193.65

7.6

105

0.103

0.411

CDH-19-026

172

83.0

0.02

0.06

Stockworks and Breccias

CDH-19-027

120.09

147

26.91

0.05

0.1

Faulted J Vein

Includes

121

127.56

6.56

115

0.18

0.25

Includes

126.17

127.56

1.39

247

0.8

0.56

CDH-19-028

138

205

67.0

0.03

0.08

Hydrothermal breccia and

Stockwork

Includes

153

167

14.0

0.03

0.09

Stockwork

Includes

160

162

2.0

163

0.23

0.31

Includes

195

205

10.0

0.11

0.21

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 19-019 to 19-020:

Holes 19 and 20 tested the I Vein. Hole 19 had the vein faulted off and

hole 20 was stopped just short of the vein yielding a good silver assay at the bottom of the

hole. This hole will be deepened to test the mineralization at the bottom of the hole and the

projection of the I Vein.

CDH 19-020 to 19-023

: These holes tested the D and E Veins a few hundred meters south of the

historically mined high grade in the F Vein. Up to 373 gpt silver was encountered even though the holes

were 50 to 75 meters higher in elevation than high grades in the F Vein. Zonation from low grade to

higher grades are typical of these types of vein systems and well documented at Columba. Thus, there

is good potential for high grades a little deeper than tested so far. (

see figure

)

CDH 19-024 to 19-028

: These holes were targeted on the J, Z and E Veins about 700 meters east of

the historically mined F Vein. Most were drilled at depths a little above the level of high grades seen in

the F Vein and so deeper follow-up drilling will be conducted. Very broad zones of low grade stock work

and breccia up to 98 meters wide were hit with higher grades up to 356 gpt silver over 0.5meters, 115

gpt silver over 6.56 meters and 105 gpt silver over 7.6 meters. There is a strong increase in grade from

less than 10 gpt at surface to values up to 356 gpt silver in only 100 meters of dip extent. These stock

work zones have potential to coalesce into high grade feeder veins at depth. (

see figure

)

Drilling continues at the Property with a total of 37 holes completed to date. Further drill assays and

details from subsequent work will be reported once the Company has received and compiled the

results.

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

November 18, 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/November2019/19/c7202.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 08:30e 19-NOV-19

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