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July 28, 2016, (Vancouver, BC) – Kootenay Silver Inc. (TSXV:KTN) (“Kootenay” or the “Company”) is pleased to announce that it has closed its previously announced brokered private placement (the “Offering”) with Haywood Securities Inc. (the “Agent”). An aggregate of 12,937,500 units (the “Units”), including 675,000 Units issued as a result of the exercise in full of the Agents’ over-allotment option, were sold under the Offering at a price of $0.40 per Unit (the “Offering Price”) for total gross proceeds to the Company of $5,175,000. In addition, the Company has closed a concurrent non-brokered private placement of 2,135,790 Units at the Offering Price, which includes participation by Pan American Silver Corp. to maintain its pro-rata ownership position, for additional gross proceeds to the Company of $854,316. The aggregate gross proceeds of the Offering and the non-brokered private placement are $6,029,316