Kootenay Silver Inc. announced an updated Mineral Resource Estimate (MRE) on its 100% owned La Cigarra Project (La Cigarra), located in the Parral Silver District of Chihuahua State, Mexico. The current Resource Estimate, calculated by Allan Armitage, Ph.D., P.Geo., of SGS Geological Services in accordance with NI 43-101 standards (May 9, 2016), CIM Definition Standards (May 19, 2014) with guidance from CIM Best Practice Guidelines (November 29, 2019) and supersedes a 2015 mineral resource estimate, also prepared by Dr. Armitage for previous owner Northair Silver Corp. which was acquired by Kootenay in 2016.

La Cigarra is situated within a well established Mexican mineral district and is a key property in Kootenay's portfolio of advanced silver exploration projects. Highlights of the 2024 La Cigarra Mineral Resource Estimate are as follows: Measured + Indicated Mineral Resources are estimated at 15.73 Mt grading 102 g/t silver, 0.07 g/t gold, 0.16% lead, and 0.21% zinc (120 AgEq). The Measured MRE includes resources of 51.57 Moz of silver, 33.9 koz of gold, 54.8 Mlbs of lead, and 73.5 Mlbs of zinc for 60.56 Moz AgEq.

Inferred Mineral Resources are estimated at 3.37 Mt grading 102 g/t silver, 0.06 g/t gold, 0.20% lead, and 0.19% zinc (119 AgEq). The Inferred MRE includes resources of 11.00 Moz of silver, 6.00 koz of gold, 14.8 Mlbs of lead, and 13.8 Mlbs of zinc for 12.85 Moz AgEq. Measured+Indicated grade increases from 86 g/t to 102 g/t silver.

Measured+Indicated ounces increase slightly from 51.47 million to 51.57 million ounces. Measured+Indicated tonnages decrease from 18.54 to 15.73 million tonnes (measured from 3.62 to 2.08 million tonnes and indicated from 14.93 to 13.65 million tonnes). Inferred grade increases from 80 g/t to 102 g/t silver Inferred tonnages decrease from 4.45 to 3.35 million tonnes The 2024 Mineral Resource Estimate incorporates a significantly revised geological model compared to the previous resource and features a database of 201 surface diamond and RC drillholes totaling 36,988 meters and 26,419 assay intervals.

The Company is unable to independently confirm or verify the accuracy or reliability of the San Francisco del Oro and Santa Barbara deposits. The Company also reminds investors that the results, resources or mineralization on the adjacent properties are not necessarily indicative of the potential for similar to exist on La Cigarra.