Kootenay Silver Inc. (TSXV: KTN) (the “Company” or “Kootenay”) announces that it has received notice from Pan American Silver Corp. (“Pan American”) relinquishing it right to earn 75% interest in the Promontorio Mineral Belt which includes the Promontorio Resource (“Promontorio”) and La Negra high-grade silver discovery (the “Project”), located in the state of Sonora, Mexico.