Kootenay Reports Multiple Porphyry Gold- Copper Targets Interpreted from Airborne Magnetic and Radiometric Survey Data at Cervantes Project, Mexico - Under Option to Aztec Minerals

Kootenay Reports Multiple Porphyry Gold-

Copper Targets Interpreted from Airborne

Magnetic and Radiometric Survey Data at

Cervantes Project, Mexico - Under Option to

Aztec Minerals

VANCOUVER

,

April 16, 2019

/CNW/ -

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

"Kootenay")

is pleased to report that Aztec Minerals Corp. ("Aztec Minerals") today

announced interpretation of the recently completed airborne magnetic and radiometric survey data

has interpreted multiple high-quality undrilled porphyry gold-copper targets on the

Cervantes

property in

Sonora, Mexico

.

The Cervantes Property is held under an earn-in option to agreement whereby Aztec Minerals can

acquire up to 100% interest in the property in two stages, with Kootenay retaining a 2.5 % NSR and

receiving a payment of

US$5.00

per ounce or gold equivalent based on a NI 43-101 Resource

Estimate.

See Kootenay

news release dated

October 13, 2015

.

Eleven target zones were confirmed by the airborne geophysical surveys, as can be seen on the

magnetic and radiometric maps (

map #1

,

map #2

) and the four main targets are summarized below:

California

is flanked by a substantial magnetic high on the east side, two magnetic anomalies

on the southeast side, and sits in a lower magnetic embayment where the strongest alteration

and mineralization were mapped, sampled and drilled by Aztec. The phyllic-argillic alteration is

thought to have destroyed any magnetite in the QFP, typical of mineralized porphyry systems.

There are no magnetic rocks on the surface nor in the drill core, thus the adjacent large-scale

magnetic high is interpreted to be a larger intrusion, possibly with potassic-magnetite alteration.

The IP chargeability high related to sulfide mineralization correlates well with both magnetic

lows and highs and the resistivity high correlates to magnetic highs typically associated with

intrusions. The strong chargeability high and strong magnetic high are both appealing drill

targets

Estrella

is located between

Purisima East

and Jasper, marked by a prominent 3.0 km long by

1.0 km wide, NW-SE trending, strong magnetic high, about 65% covered by andesitic volcanics

sitting on top of a low angle fault, thus prospective targets may exist below the andesites.

Outcrops of hornfels containing pyrrhotite, pyrite, and chalcopyrite are found throughout the

target area with QFP dikes. Three parallel but unique magnetic anomalies are interpreted to be

buried intrusions, one of which outcrops towards the north as QFP and returned rock samples

grading up to 3.91 gpt gold and 0.2% copper, an excellent drill target

California North

is a substantial magnetic high associated with an IP chargeability high forming

a thick rind to the magnetic high at depth, providing an attractive target

Purisima East

is a moderate to weak magnetic anomaly within a circular feature, interpreted to

be a diatreme body, with a very high radiometric anomaly, indicative of a high-level intrusion

Qualified Persons

The Kootenay scientific and 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.

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

April 16

, 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.

SOURCE

Kootenay Silver Inc.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/April2019/16/c7355.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 15:22e 16-APR-19