VANCOUVER, May 2, 2016 /CNW/ – KootenaySilver Inc. (TSXV: KTN) (“Kootenay”) is pleased to announce that further to the joint press releases of Kootenay and Pan American Silver Corp. (“Pan American”) dated February 16, 2016 and April 26, 2016, Kootenay has closed its non-brokered private placement with Pan American (the “Private Placement”) and issued an aggregate of 6,793,550 shares for aggregate gross proceeds to Kootenay of CAD$1,553,431. No finders fees were paid in connection with the Private Placement. As a result of the Private Placement, Pan American owns ten percent (10%) of the issued and outstanding common shares of Kootenay.