KOOTENAY SILVER ANNOUNCES $5.0 MILLION PRIVATE PLACEMENT FINANCING

2020-15-Kootenay-Silver-Inc.—Press-Release—July-28

Vancouver, BC – July 28, 2020 – Kootenay Silver Inc. (“Kootenay” or the “Company”) (TSXV: KTN), is pleased to announce that it has entered into an agreement with Mackie Research Capital Corporation, as lead agent and sole bookrunner (the “Lead Agent”), on its own behalf and, if applicable, on behalf of a syndicate of agents (together with the Lead Agent, the “Agents”) in connection with a best efforts, private placement of units of the Company (the “Units”) at a price of $0.40 per Unit (the “Offering Price”) for gross proceeds of up to $5,000,000 (the “Offering”).

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