KTN-NR-20-22-KTN_AZT_JV_Cervantes_FINAL

Kootenay Silver Inc. (TSXV: KTN) (the “Company” or “Kootenay”) is pleased to announce the Company has entered into a joint venture agreement with Aztec Minerals Corp. (TSXV: AZT) (“Aztec”) in respect of the Cervantes porphyry gold-copper project in Sonora, Mexico (“Cervantes”). As noted in the Aztec press release dated July 30, 2019, Aztec has completed its earn-in and exercised the option to acquire a 65% interest in Cervantes. Kootenay retains the remaining 35% interest. The parties will hold their interests in Cervantes indirectly through share ownership in a joint venture company, Aztec Minerals (Mexico) JV. Corp. The joint venture company indirectly owns 100% of Cervantes through its wholly owned subsidiary, Minera Azteca Dorado S.A. de CV.