Kootenay Silver resumes drilling at Promontorio

2013-09-18 11:20 ET - News Release

Mr. James McDonald reports

KOOTENAY ANNOUNCES DRILL PROGRAM UNDERWAY ON PROMONTORIO. CURRENT PHASE OF DRILLING TO TARGET NEW HIGH-GRADE SILVER ZONE

Kootenay Silver Inc. has resumed drilling on its flagship Promontorio silver project in Sonora, Mexico. Two drill rigs have been deployed and are currently operating on site. The company will conduct a minimum of 5,000 metres of drilling in the current phase, as part of its continuing multiphase 2013 drill and resource expansion program on Promontorio. Core drilling will target a series of high-grade silver intercepts recently identified within a new breccia zone of silver mineralization situated between the Pit and Northeast zones (See June 4, 2013, news release).

Current National Instrument 43-101-compliant silver resource

The current mineral estimate on Promontorio, effective date March 31, 2013 (see May 14, 2013, news release), was conducted by SRK Consulting Inc. (U.S.) of Lakewood, Colo., and contains a combined measured and indicated silver resource of 92,428,000 silver equivalent ounces (39.9 million ounces silver, 508,000 ounces gold, 394.8 million pounds lead and 462.2 million pounds zinc). In addition to the measured and indicated silver resources, there are an additional 26,814,000 silver equivalent ounces in the inferred category (12.8 million ounces silver, 147,000 ounces gold, 99.5 million pounds lead and 109.1 million pounds zinc). Measured and indicated resources are contained in open-pit resources of 44,504,000 tonnes grading an average of 64.32 grams per tonne silver equivalent (27.77 grams per tonne silver, 0.35 gram per tonne gold and 0.87 per cent lead plus zinc) and resources outside of the open pit of 215,000 tonnes grading an average of 56.96 grams per tonne silver equivalent (22.89 grams per tonne silver, 0.28 gram per tonne gold and 0.95 per cent lead plus zinc). Inferred resources are within open-pit resources of 14,564,000 tonnes grading an average of 51.95 grams per tonne silver equivalent (24.95 grams per tonne silver, 0.28 gram per tonne gold and 0.59 per cent lead plus zinc) and resources outside of the open pit of 1,265,000 tonnes grading an average of 61.17 grams per tonne silver equivalent (26.57 grams per tonne silver, 0.37 gram per tonne gold and 0.74 per cent lead plus zinc).

Quality assurance/quality control

Drilling will be HQ-sized diamond drill core and has been contracted to B.D. Drilling Mexico SA de CV of Guadalajara, Mexico.

Further quality assurance/quality control procedures, and details on assays procedures and laboratories used are disclosed on the Kootenay Silver website. The foregoing geological disclosure has been reviewed and verified by Kootenay's chief executive officer James McDonald, PGeo, a qualified person for the purpose of NI 43-101, Standards of Disclosure for Mineral Projects. Mr. McDonald is a director of Kootenay.

Subject to the approval of the TSX Venture Exchange, Kootenay has issued a total of 1,968,000 incentive stock options, which are exercisable for a period of five years at an exercise price of 66 cents to directors, officers and consultants of the company.

We seek Safe Harbor.