On August 25, 2020, Kootenay Silver Inc. (“Kootenay”) (TSXV:KTN) completed a brokered private placement financing of units (each, a “Unit”) at a price of $0.40 per Unit for gross proceeds of $7,000,000.  The financing was led by Mackie Research Capital Corporation, as lead agent, on behalf of a syndicate which also included PI Financial Corp. (collectively the “Agents”).    Each Unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant being exercisable to purchase one common share at an exercise price of $0.55 until August 25, 2022.  McCarthy Tétrault LLP (Toronto) represented the Agents.

Kootenay 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. Kootenay 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.  See www.kootenaysilver.com for further information.