Kootenay Silver Reports Aztec - Kootenay JV Drilling Intercepts 0.42 gpt Gold over 68.4 Meters Including 2.25 gpt Gold over 10.6 Meters in the California Zone, Cervantes Project, Sonora, Mexico

VANCOUVER, BC, May 5, 2022

California Zone Highlights

• CAL22-015 returned 0.421 gpt gold over 68.4 meters and a deeper interval of 2.246 gpt gold over 10.6 meters.
• CAL22-016 returned 0.475 gpt gold over 56.2 meters. The first multi-element ICP results show good relationships between Au, Cu, Bi, Ag and As, with prospective grades and widths for Cu and Ag for a potential porphyry deposit model.
• CAL22-015 is located at the southeastern edge of the California zone and CAL22-016 is located at the northeastern edge. Both holes intercepted mineralized porphyries and hydrothermal breccias.
• CAL22-017 returned 0.32 gpt gold over 24.3 meters and 1.65 gpt gold over 6.1 meters in porphyry, sediments and hydrothermal breccia 350 meters north of California target.

Additionally, at the Jasper target a new zone of copper mineralization was intercepted in drilling.

Widespread visible copper oxides and sulfides occur over 150 meters in quartz feldspar porphyry intrusion in RC drill hole at Jasper target 600 meters west of California Zone at Cervantes in CAL22-017

Hole JAS22-001, 600 meters west of California Zone, hit widespread visible copper oxide and secondary sulfide mineralization over 150 meters of quartz feldspar porphyry intrusion, including 0.332 gpt gold over 9.1 metres.

The first ICP results have been returned and show some very good copper and gold grades. For example, CAL22-001 has 0.21% copper and 1.1 gpt gold over 88.4 meters including 0.45% copper and 3.92 gpt gold over 15.2 meters. The ICP results are consistent with a copper-gold porphyry system.