On April 25, 2024, Kootenay Silver Inc. (“Kootenay Silver”) announced the closing of an upsized “best efforts” public offering (the “Offering”) for gross proceeds of $10,350,000 from the sale of 9,241,071 units (each, a “Unit”) at a price of C$1.12 per Unit. Each Unit was comprised of one common share in the capital of Kootenay Silver (each, a “Common Share”) and one half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each whole Warrant entitles the holder to purchase one Common Share of Kootenay Silver at a price of C$1.68 at any time on or before April 25, 2026. The Offering was conducted by Red Cloud Securities Inc., acting as lead agent and sole bookrunner, and Research Capital Corporation.

The Offering was completed pursuant to a prospectus supplement of the Company filed in all of the provinces of Canada and dated April 17, 2024 that supplemented the short form base shelf prospectus of the Company dated March 27, 2024.

Kootenay Silver 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 Silver continues to provide its shareholders with significant leverage to silver prices. Kootenay Silver 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.

Further details regarding Kootenay Silver and the Offering can be found on Kootenay Silver’s website. Kootenay Silver trades under the symbol “KTN” on the TSX Venture Exchange.