An anonymous director reports

KOOTENAY SILVER TRADING ACTIVITY

Kootenay Silver Inc.'s board and management are not aware of any corporate development or undisclosed material change relating to the company or its operations that would account for the recent trading activity and decrease in its share price.

The trading activity of Jan. 29, 2024, may be related to the disposition of shares by a silver exchange-traded fund, which filed a prospectus indicating that as of Jan. 29, 2024, it was no longer following the Prime Junior Miners Silver Index. The index included a number of silver explorers, including Kootenay. As of mid-December, 2023, the ETF had published holdings of approximately 910,000 shares of Kootenay.

About Kootenay Silver Inc.

Kootenay Silver is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre region of Mexico. Supported by one of the largest junior portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver projects located in prolific mining districts in Sonora and Chihuahua, Mexico, respectively.

We seek Safe Harbor.