KTN.V · 2020-08-13 12:00:00

Kootenay Intercepts 608 gpt Silver Over 5 Meters Within 229 gpt Silver Over 22 Meters at Columba Project, Mexico

Drill Results

Kootenay Intercepts 608 gpt Silver Over 5

Meters Within 229 gpt Silver Over 22 Meters at

Columba Project, Mexico

VANCOUVER, BC

Aug. 13, 2020

/CNW/ -

Kootenay Silver Inc.

(TSXV: KTN)

(the "Company" or

"Kootenay")

is pleased to announce results from an additional 4 holes from its 7,000 meter drill

program, at the Columba high-grade silver project (the "Property") located in Chihuahua State,

Mexico

Among the 4 holes reported in the release, CDH-20-057 to CDH-20-059 tested along the F-Vein.

Hole CDH-20-60 intercepted the J and Z Vein system and encountered a well mineralized breccia

and quartz vein stockwork zone located approximately 700 meters east from the F-Vein.

Highlights from J and Z Vein system include:

CDH-20-060

132 gpt silver over 64 meters

including two notable intervals:

1,025 gpt silver over 1.0 meters

within

226 gpt silver over 9.0 meters

361 gpt silver over 11 meters

including

608 gpt silver over 5.0 meters

, and

1,160 gpt silver

over 1.0 meters

all within

229 gpt silver over 22 meter

Hole CDH-20-060 is about 40 meters deeper and 20 meters along strike from previously announced

hole CDH-19-030 (see

news release dated

December 12, 2019

). This Phase I drill hole hosted the

following high-grade mineralization:

CDH-19-030

200 gpt silver over 25.85 meters

which included;

415 gpt silver over 11.15

meters, including

982 gpt silver over 1.9

meters within

721 gpt silver over 4.07 meters

The silver mineralization in the J and Z Vein system is related to silicified breccias and thin quartz

vein stock works following classic banded quartz vein structures more characteristic of the F-Vein.

Kootenay President & CEO,

ames McDonald, stated

"This area of the J and Z Vein has become

very exciting and prospective following this second considerable intercept of high silver grades.

Finding silver hosted in breccias and stock works in this area indicates the potential to discover large

mineralized zones along shorter strike lengths than typically seen in the veins themselves."

The geometry of the relatively untested J and Z Vein system is not known at this time. More holes

are needed to determine the geometry (strike and dip), extent of continuity and size of the zone.

Detailed Drill Results

Hole ID

From

(meters)

Interval

(meters)

Silver

(gpt)

(%)

Geologic

Intersection

CDH-20-060

144

208

132

0.03

0.1

Includes

147

156

226

0.03

0.13

Includes

152

153

1025

0.08

0.21

Includes

183

205

229

0.05

0.14

Includes

190

201

361

0.08

0.18

Includes

191

196

608

0.09

0.12

J-Z Vein

Includes

191

192

447

0.034

0.096

Includes

192

193

342

0.056

0.081

Includes

193

194

1160

0.1

0.128

Includes

194

195

776

0.175

0.223

Includes

195

196

315

0.093

0.101

CDH-20-057

275.91

280.47

4.56

103

0.12

0.19

F Vein

Includes

275.91

280.47

1.81

163

0.26

0.32

And

166

226.84

60.84

0.03

0.1

Hole 60 is reporting the drilled length of mineralization because there is not sufficient data to understand the geometry to estimate a true width. Hole 57 is reported as drilled

length of mineralization. The true width is estimated at about 81% of the drilled width or about 3.74 meters.

F Vein Results

CDH-20-57

is one of the deeper intercepts along the F-Vein hitting 4.56 meters of quartz vein

grading 103gpt silver including. 1.81 meters of 163 gpt silver at a depth of 208 meters from surface.

The nearest hole CDH-20-051 is located approximately 57 meters up dip and 60 meters along

strike. CDH-20-051 hit 317 gpt silver over 4.36 meter including 769 gpt silver over 1.1 meters in the

F Vein and 865 gpt silver over 2 meters in a hanging-wall structure (see

news release dated

May 26, 2020

CDH-20-058

hit an old mine working at target depth.

CDH-20-059

hit 4.1 meters of F-Vein at the northwestern most extent of the drill tested area. The F

Vein at this location was occupied by massive calcite which did not carry any significant results.

Click to view the

plan map

long section

, and

cross sections

Sufficient drilling has been conducted along the F-Vein to establish good continuity for about 700

meters of strike to depths of 230 meters. Drilling is currently focused on the veins not yet tested and

will follow up on intercepts encountered in various other veins during the 2019, Phase I drill

campaign.

Drilling is ongoing and more results will be released once holes are completed and assays are

received, compiled, and interpreted.

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 of 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

August 12, 2020

. 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/August2020/13/c6347.html

%SEDAR: 00016508E

For further information:

James McDonald, CEO and President at 403-880-6016; Raj Kang, CFO

at 604-601-5653; 1-888-601-5650 or visit: www.kootenaysilver.com

CO: Kootenay Silver Inc.

CNW 07:30e 13-AUG-20

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