KTN.V · 2019-08-29 12:00:00

Kootenay Intercepts More High Grades On Columba Silver Project, Mexico Highlights include 1,070 gpt Silver over 0.9 meters within 516 gpt Silver over 2.9 meters and 408 gpt Silver over 4.85 meters within 33.5 Meters of 112 gpt Silver

Drill Results

Kootenay Intercepts More High Grades On

Columba Silver Project, Mexico

Highlights include 1,070 gpt Silver over 0.9 meters within 516 gpt Silver over 2.9 meters and

408 gpt Silver over 4.85 meters within 33.5 Meters of 112 gpt Silver

VANCOUVER

Aug. 29, 2019

/CNW/ -

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

"Kootenay")

is pleased to announce assay results from four (4) additional holes drilled on the

Columba high-grade silver vein system in Chihuahua State, Mexico. Drilling is ongoing with 16 holes

completed to date of a planned first phase 25 to 30-hole program.

Kootenay President and CEO

James McDonald

states, "

We are happy to see good high

grade now over a wide range of strike and depth along the F Vein. Just as exciting are the

high grades we are seeing in previously unknown hanging-wall veins with assays up to 1,070

gpt silver. The consistency of the known veins tested to date and the newly discovered

hanging-wall veins certainly increases our confidence in the resource potential of the

project".

Drilling Discussion and Highlights:

Three things of note thus far:

The F Vein has returned high grades over good widths.

The known veins are showing excellent continuity along strike and to depth.

Newly discovered veins in the hanging-wall also contain high grades.

The F Vein is where historic work concentrated including two shafts one to about 90 meters depth

and the other to 200 meters with 6 development levels. Click to see

plan map

and

longitudinal section

The Company is working on understanding how the various hanging wall veins correlate to one

another.

In some cases, the F Vein and associated 'stockwork' is substantially wider than the sampled

intervals reported in historic data which concentrated on the highest grades. Hole CDH 19-008, for

example, intercepted 33.5 meters of vein grading 112 gpt silver with wider intervals also found in

holes CDH 19-001, 002 and 006.

Drilling has now tested the F Vein along 400 meters of strike and to depths as far as 250 meters

vertically. This release reports drilling as deep as 160 meters vertically in hole CDH 19-010. See

longitudinal section

A total of 16 holes have now been completed and assays reported on ten. Holes CDH 19-011 to 016

have all hit vein with CDH 19-011, 012 and 015 testing the F Vein as deep as 250 meters vertically

and CDH 19-013, 014 and 016 testing the I Vein at shallow depths. See

plan map

. Drilling continues

to systematically test the known veins and assays will be reported once received and compiled.

CDH 19-007

Hanging Wall Vein:

417 gpt silver over 1.68

meters.

Newly discovered vein.

F Vein (historically worked):

693 gpt silver over 1.55

meters

before hitting 3.0-meter mined

stope.

CDH 19-008

F Vein:

707 gpt silver over 0.58 meters within 408 gpt silver over 4.85 meters and 112 gpt

silver over 33 meters.

Footwall Vein: 148 gpt silver over 1.46 meters.

CDH 19-009

Hanging Wall Vein:

519 gpt silver over 2.90 meters

including

1,070 gpt over 0.90 meters.

Newly discovered vein.

Hanging Wall Stockwork:

50 gpt silver over 10.40 meters

followed by a 3.0-meter mined

stope or tunnel interpreted as the F Vein.

CDH 19-010

Hanging Wall Vein:

200 gpt silver over 3.05 meters

intercepted immediately at surface. Newly

discovered vein.

Second Hanging Wall Vein:

42 gpt silver over 13.0 meters with 97 gpt silver over 1.0 meter.

Newly discovered vein.

Hanging Wall Vein immediately above F vein:

112 gpt silver over 2.0 meters

F Vein:

338 gpt silver over 2.53 meters

including

392 gpt silver over 1.60 meters

Detailed results of drill holes can be seen in the table listed below

Hole ID

From

(meters)

Interval

(meters)

Silver

gpt

Geologic

Intersection

CDH-19-007

110

111.68

1.68

417

N/A

0.125

Hanging Wall Vein

149.45

151.00

1.55

693

0.428

1.13

151

154.00

3.00

N/A

Mined Stope

CDH-19-008

52.50

33.50

112

N/A

Hanging Wall Vein

Includes

42.45

47.30

4.85

408

0.695

1.08

F Vein

Includes

44.25

44.83

0.58

707

0.271

0.43

Includes

44.83

46.00

1.17

366

0.135

0.162

Includes

47.30

1.30

509

0.164

0.26

63.92

65.38

1.46

148

N/A

Footwall Vein

CDH-19-009

145

147.90

2.90

516

N/A

0.206

Hanging Wall Vein

Includes

147

147.90

0.90

1,070

0.0193

0.411

168

178.40

10.40

N/A

178.4

181.45

3.05

N/A

Mined Stope

CDH-19-010

3.05

200

N/A

Hanging Wall Vein

177

190.00

13.00

N/A

Altered Intrusive

Includes

188

189.00

1.00

197

N/A

Hanging Wall Vein

215

217.00

2.00

112

N/A

0.256

219

221.53

2.53

338

0.275

0.63

F Vein

Includes

219

220.60

1.60

391

0.293

0.72

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.

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 will be with HQ or NQ 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 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 two 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 28, 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/August2019/29/c4134.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 08:45e 29-AUG-19

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