KTN.V · 2020-05-19 12:00:00

Kootenay Reports Multiple High-grade Silver Intercepts Including 1,585 gpt Over 0.60 Meters Within 553 gpt Over 2.9 Meters & 782 gpt Over 1.05 Meters Within 400 gpt Over 4.97 Meters at Columba Project

Drill Results

Kootenay Reports Multiple High-grade Silver

Intercepts Including 1,585 gpt Over 0.60 Meters

Within 553 gpt Over 2.9 Meters & 782 gpt Over

1.05 Meters Within 400 gpt Over 4.97 Meters at

Columba Project

VANCOUVER

May 19, 2020

/CNW/ -

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

"Kootenay")

is pleased to announce assay results from the first six of ten holes completed to date

as part of its 2020 drill program (the "Program") at the Columba high-grade silver project (the

"Property"), located in Chihuahua State,

Mexico

. These holes tested the F Vein structure along 400

meters of strike length with holes 42 to 45 focussing on gaps in the 2019 drill program, while holes

46 and 47 were step outs along strike.

Kootenay President and CEO,

James McDonald

stated

: "We are very encouraged that the F

Vein is showing continuity in both veining and grades and we are really looking forward to getting

back on the ground and drilling more holes. Mine sites have been given the go ahead by the Federal

Government of

Mexico

to restart operations and once it is confirmed exploration activities are

included, we will be able to resume drilling."

Highlights of Holes CDH-20-042 to CDH-20-047:

CDH-20-045

456 gpt silver over 1.5 meters within 2.5 meters of 350 gpt silver

and

239 gpt silver over

4.3 meters

in the F Vein.

974 gpt silver over 0.5 meters within 208 gpt silver over 3 meters

in a footwall Vein.

CDH-20-046

1,585 gpt silver over 0.6 meters within 911 gpt silver over 1.4 meters

and

553 gpt silver

over 2.9 meters

and

689 gpt silver over 0.5 meters

all in the F Vein.

CDH-20-047

782 gpt silver over 1.05 meters within 400 gpt silver over 4.97 meters all within a wider

interval of 15.65 meters averaging 166 gpt silver

CDH-20-042

Intercepted 111 gpt silver over 5.9 meters

before entering an old mine working.

CDH-20-043

Intercepted 105 gpt silver over 1 meter before entering an old mine working.

Intercepted a footwall Vein grading 119 gpt silver over 5 meters.

CDH-20-044

Encountered a fault zone displacing the F Vein interpreted as the same fault in hole CDH-19-

004.

These holes continue to show good continuity across the area of the F Vein tested to date.

They also returned some of the highest grades reported to date with two of the best holes,

CDH-20-046 and 047, expanding the tested area toward previously reported CDH-19-035,

which encountered 494 gpt silver over 1.35 meters in the F Vein and sits about 140 meters to

the southeast of CDH-20-046 and 047.

Click the following links to view

Plan Map

and

Cross Sections for holes CDH-20-042 to 047

Detailed Drill Results – Holes CDH-20-042 to CDH-20-047

Hole ID

From

(meters)

Interval

(meters)

Silver

gpt

Geologic Intersection

CDH-20-042

42.4

42.7

0.3

115

Hanging wall Quartz vein

And

13.0

0.02

0.1

F Vein system

mined stope

And

70.4

76.3

5.9

111

0.03

0.11

CDH-20-043

1.0

105

0.02

0.06

F Vein system

mined stope

And

5.0

119

0.05

0.16

Calcite-Quartz-Barite

vein (Footwall Vein)

CDH-20-044

30.9

1.9

0.03

0.01

Faulted F Vein

CDH-20-045

63.7

4.3

239

0.08

0.36

F Vein

Includes

64.6

67.1

2.5

350

0.12

0.48

Includes

65.6

67.1

1.5

456

0.17

0.62

And

3.0

208

0.08

0.21

Quartz Barite Vein,

(Footwall Vein)

Includes

78.3

78.8

0.5

974

0.03

0.3

CDH-20-046

71.0

77.8

6.8

264

0.06

0.13

F Vein System

Includes

71.8

73.2

1.4

911

0.24

Includes

71.8

74.7

2.9

553

0.13

0.18

Includes

71.8

72.4

0.6

1585

0.33

Includes

72.7

73.2

0.5

689

0.206

0.29

Includes

73.2

74.7

1.5

219

0.04

0.13

CDH-20-047

111.0

126.65

15.65

166

0.17

0.47

F Vein System

Includes

114.0

119.97

5.97

351

0.4

1.03

Includes

115.0

119.97

4.97

400

0.45

1.2

Includes

115.7

116.75

1.05

782

1.13

3.6

Includes

116.75

117.9

1.15

305

0.1

0.3

Includes

117.9

119

1.1

219

0.38

0.65

Includes

119.0

119.97

0.97

432

0.48

1.05

Includes

119.97

126.65

6.68

0.02

0.13

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.

The 2020 drill program at Columba was designed to follow up on the results of the 2019 drill

campaign. Numerous priority areas identified and additional structures that remain untested will

continue to be the focus of the current program once drilling recommences.

The 2019 drill program totaled 6,853 meters in 41 holes. Detailed results for all drill holes can be

viewed by clicking the following link:

Columba Drill 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 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

May 18, 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/May2020/19/c1304.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-MAY-20

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