KTN.V · 2022-03-22 12:00:00

Kootenay Silver Announces, Aztec - Kootenay JV Reports Strong Drill Results Intersecting 0.53 Gpt Au over 138.3M and 0.88 Gpt Au over 54.7M from at Cervantes Project IN Sonora, Mexico

Drill Results Partnerships & JV

KOOTENAY SILVER ANNOUNCES, AZTEC - KOOTENAY JV REPORTS

STRONG DRILL RESULTS INTERSECTING 0.53 GPT AU OVER 138.3M AND

0.88 GPT AU OVER 54.7M FROM AT CERVANTES PROJECT IN SONORA,

MEXICO

VANCOUVER, BC

March 22, 2022

/CNW/ -

Kootenay Silver reports its JV with Aztec on the Cervantes Property continues to hit shallow and long

intervals of oxide gold mineralization,

California Zone Drill Highlights from mineralized quartz feldspar porphyry and hydrothermal breccias.

CAL22-008

0.884 gpt Au over

54.7 m

including

13.7 metres of 1.965 gpt Au

in, located at the southeastern edge of the mineralized zone

CAL22-009

0.50 gpt Au over

86.6 m

at the southern edge of the central portion of the mineralized zone

CAL22-010

0.53 gpt Au over

138.3 m

including

10.67 m

of 1.622 gpt Au

in, located in the central portion of the mineralized zone

View drill sections:

Link to section view hole CAL22-008

Link to section view hole CAL22-009

Link to section view hole CAL22-010

Reported lengths are apparent widths, not true widths, and the observed gold mineralization appears to be widely distributed in disseminations, fractures and

veinlets within quartz-feldspar porphyry, feldspar porphyry stocks and related hydrothermal breccias.

Kootenay CEO

James McDonald

says "The

Cervantes

project continues to deliver wide intervals of oxide gold mineralization that remain open in all directions. The

area now covers about 900 meters by 250 to 500 meters to a depth of 265 meters. We are looking forward to the remaining 8 holes of the current program."

California

2022 RC Drill Program Plan Map

Drill Hole

From m

To m

Interval m*

Au gpt

Comments

CAL22-001

22.86

111.3

88.41

1.1

230 Az, -60

Including

22.86

77.74

54.88

1.56

30.49

45.73

15.24

3.962

30.49

36.57

6.08

7.44

CAL22-002

108.2

0.374

225 Az, -60

CAL22-003

45.7

91.5

45.7

0.451

233 Az, -60

Including

60.9

74.7

13.7

0.868

CAL22-004

167.2

1.002

236 AZ, -59

Including

131.1

155.5

24.4

4.247

CAL22-005

136.8

1.486

236 Az, -59

Including

54.88

106.7

51.68

3.424

CAL22-006

16.77

117.38

100.32

0.75

229 Az, -60

Including

16.77

25.91

9.14

3.087

128.05

140.25

12.2

0.925

CAL22-007

32.01

39.63

7.6

0.684

225 Az, -59

83.84

147.87

63.84

0.422

CAL22-008

54.72

0.884

212 Az, -58

Including

36.58

50.3

13.72

1.965

187.5

195.1

7.6

0.745

CAL22-009

86.64

0.5

235 Az, -60

CAL22-010

138.32

0.53

227 Az, -52

Including

50.3

60.98

10.67

1.622

The primary focus of the Phase 2 RC drill program at

Cervantes

is to expand the previously drilled

California

zone by completing two drill hole fences parallel to

and on either side of the 2017-18 Phase 1 drill hole fence. To-date, every hole drilled at

California

has intersected near surface, oxidized gold mineralization with

minor copper oxides.

Drill samples cuttings are collected every 5 feet (

1.52m

) from all drill holes. The samples are analyzed by Bureau Veritas for gold with a 30-gram sample size

using the method FA430 followed by MA300. Over limits, when present, are analyzed by AR404 or FA550. All holes contain certified blanks, standards, and

duplicates as part of the quality control program. The QA/QC has delivered excellent results to date good data integrity. The samples are shipped to and received

by Bureau Veritas Minerals laboratory for the gold and multielement geochemical analysis and additional gold results will be received and reported in the next

several weeks. Final multielement ICP results are expected to follow the release of the preliminary gold assays and are expected to be received during the

second quarter 2022.

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.

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

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

March 21, 2022

. 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.

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SOURCE

Kootenay Silver Inc.

View original content to download multimedia:

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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 10:17e 22-MAR-22

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