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To: Goose94 who wrote (10241)

11/26/2014 8:20:36 AM

From: Goose94

Read Replies (1) | Respond to of 203353

Kootenay Silver (KTN-V) Nov 26, '14 is pleased to announce results on 16 additional drill holes from its Phase I drill program on its new La Negra Breccia Silver Discovery, situated approximately 6.5 kilometers north of Kootenay's flagship Promontorio Silver Resource in Sonora, Mexico. To date, a total of 25 holes have been drilled and completed in the inaugural discovery drill program on La Negra. Results from the final 2 holes of the program are pending and are expected to be released in the near future.

States Kootenay President and CEO, James McDonald "We are extremely pleased with assay results from the current 16 holes of the program. La Negra is rapidly evolving into an exciting new silver discovery that is ideally situated and continues to yield multiple high-grade results. The mineralization is outcropping on a hill top and drill results show both consistency of mineralization and demonstrated potential for continued high grades, as shown in holes such as LN 21-14 that returned 1337 gpt silver over 6 meters. Combined, these factors indicate strong potential for developing a significant low cost silver operation."

Highlights include:

200 meters from surface of 240 gpt Silver in LN 21-14 including the bottom 50 meters grading 442 gpt Silver. This hole bottomed in 492 gpt over 17 meters. 6 meters of 1337 gpt Silver in LN 21-14, the highest grade interval to date. 34 meters from surface of 265 gpt Silver in LN 22-14 with 18 meters of 467 gpt Silver 30 meters from surface of 250 gpt Silver in LN 23-14 with 13 meters of 459 gpt Silver 33 meters from surface of 179 gpt Silver with 11 meters of 412 gpt Silver in LN 14-14. 49 meters from 13 meter depth of 92 gpt Silver with 34 meters of 251 gpt Silver in LN 8-14. 140 meters from surface of 61 gpt Silver with 47 meters of 79 gpt Silver and 8 meters of 355 gpt Silver in LN 13-14. Details of the intercepts are in the following table:

Drill Hole		From (m)	To (m)	Interval (m)	Silver (gpt)	Gold (ppb)	Lead %	Rock Type
LN-08-14	-45/180 Az	13	62	49	91.89	15.14	0.26	Breccia/+Andesite
	Including	30	41	11	251.00	34.54	0.15	Breccia
	Including	53	62	9	59.70	8.55	0.53	Breccia
137m EOH

LN-09-14	-60/180 Az	9	37	28	60.00	38.19	0.32	Breccia
	Including	9	23	14	64.57	44.00	0.39	Breccia
105m EOH

LN-10-14	-90/360 Az	5	40	35	87.08	37.34	0.51	Breccia/+Andesite
	Including	10	35	25	116.56	45.48	0.60	Breccia
	Including	14	35	21	135.52	53.00	0.65	Breccia
		70	78	8	37.25	5.25	0.24	Breccia
		157	163	6	38.83	63.00	0.27	Breccia
191m EOH

LN-11-14	-60/360 Az	6	11	5	56.33	9.66	0.33	Breccia
		27	29	2	32.50	2.50	0.01	Stockwork
131m EOH

LN-12-14	-45/360 Az	13	28	15	29.76	8.88	0.44	Stockwork/Breccia
	Including	17	28	11	37.33	9.94	0.47	Breccia
117m EOH

LN-13-14	-60/090 Az	0	140	140	61.43	47.75	0.38	Breccia/Stockwork
	Including	24	71	47	79.00	52.00	0.31	Breccia
	Including	12	19	7	95.57	49.85	0.22	Stockwork
	Including	24	34	10	83.33	50.00	0.10	Breccia
	Including	54	64	10	136.50	57.40	0.73	Breccia
	Including	66	71	5	120.20	13.20	0.74	Breccia
	Including	112	120	8	355.16	118.30	2.97	Breccia
	Including	132	140	8	52.75	89.37	0.19	Breccia
183.5m EOH

LN-14-14	-60/270 Az	0	33	33	179.65	33.21	0.33	Breccia
	Including	13	24	11	412.11	61.77	0.24	Breccia
	Including	26	30	4	181.00	55.25	0.72	Breccia
		48	60	12	31.50	8.18	0.13	Stockwork
92m EOH

LN-15-14	77m EOH	No Significant Results						Argillic Andesite
LN-16-14	60m EOH	No Significant Results						Argillic/Propylitic
LN-17-14	51m EOH	No Significant Results						Argillic/Propylitic
LN-18-14	156m EOH	No Significant Results						Argillic/Propylitic

LN-19-14	-45/180 Az	70	82	12	289.58	39.66	1.42	Breccia
	Including	74	82	8	421.37	50.50	1.93	Breccia
193m EOH

LN-20-14	-45/180 Az	51	61	10	33.70	29.85	0.40	Stockwork
		97	133	36	79.05	64.92	0.24	Breccia/Stockwork
	Including	105	133	28	99.35	88.57	0.24	Breccia/Stockwork
	Including	111	133	22	107.66	100.00	0.16	Breccia
192m EOH

LN-21-14	-45/290 Az	0	200	200	156.47	102.67	0.18	Breccia/Stockwork
	Including	41	57	16	114.31	9.03	0.21	Breccia
	Including	119	128	9	392.11	218.44	0.15	Breccia
	Including	150	158	8	258.37	155.37	0.07	Breccia
	Including	164	169	5	476.20	294.20	0.14	Breccia
	Including	150	200	50	420.34	182.91	0.23	Breccia
	Including	174	180	6	1337.66	475.00	0.28	Breccia
	Including	183	200	17	492.30	128.23	0.50	Breccia
200m EOH

LN-22-14	-90/360 Az	0	34	34	265.31	114.37	0.75	Breccia/Stockwork
	Including	16	34	18	467.77	200.97	1.11	Breccia
82m EOH

LN-23-14	-45/180 Az	0	30	30	239.92	53.13	0.41	Breccia/Stockwork
	Including	17	30	13	459.76	89.65	0.59	Breccia
	Including	17	23	6	899.50	160.50	1.15	Breccia
	Including	18	19	1	3040.00	426.00	4.53	Breccia
78m EOH

To view cross sections of the drill holes visit: La Negra Cross Sections LN 01 to LN 23-14. To view a drill plan outlining the location of the La Negra drilling visit: La Negra Drill Plan Map.

OCTOBER 15, 2014 News Release (Previously Announced)

Drill Hole		From (m)	To (m)	Interval (m)	Silver (gpt)	Gold (ppb)	Lead %	Rock Type
LN-01-14	-45/180 Az	3	44	41	110.46	67.71	0.126	Breccia
	Including	18	37	19	177.1	112.78	0.056	Breccia
	Including	18	31	13	223.23	129.38	0.07	Breccia
95m EOH

LN-02-14	-60/180 Az	0	50	50	141.28	107.72	0.215	Breccia
	Including	0	40	40	161.25	121.15	0.256	Breccia
	Including	19	47	28	212.64	149.14	0.144	Breccia
	Including	19	34	15	323.13	197.8	0.216	Breccia
100m EOH

LN-03-14	-90/360 Az	0	144	144	82.57	57.93	0.309	Breccia
	Including	0	27	27	108.32	77.3	0.618	Breccia
	Including	0	106	106	98.03	62.19	0.373	Breccia
	Including	0	78	78	114.63	66.04	0.383	Breccia
	Including	53	78	25	195.84	107.4	0.144	Breccia
	Including	54	67	13	229.38	103.61	0.166	Breccia
144m EOH

LN-04-14	-60/360 Az	0	114	114	78.54	66.4	0.311	Breccia
	Including	0	92	92	92.98	79.68	0.351	Breccia
	Including	0	67	67	118.93	83.39	0.409	Breccia
	Including	0	20	20	149.43	73.21	0.85	Breccia
	Including	43	74	31	146.38	95.67	0.103	Breccia
152m EOH

LN-05-14	-45/360 Az	0	119	119	91	46.44	0.576	Breccia
	Including	0	88	88	108.85	39.95	0.625	Breccia
	Including	89	119	30	40.4	64.55	0.427	Breccia
	Including	51	91	40	182.87	70.97	1.171	Breccia
	Including	51	65	14	367.85	111.42	1.84	Stockwork
147m EOH

LN-06-14	-60/090 Az	3	101	98	92.79	104.37	0.153	Breccia
	Including	3	55	52	124.36	88.59	0.224	Breccia
	Including	3	24	21	168.33	125.8	0.416	Breccia
	Including	3	16	13	214.3	131.3	0.618	Breccia
101m EOH

LN-07-14	-60/270 Az	5	64	59	132.49	85.34	0.26	Breccia
	Including	5	48	43	149.60	78.96	0.27	Breccia
	Including	31	48	17	185.35	153.18	0.23	Breccia
	Including	5	116	111	83.89	52.49	0.23	Breccia/Stockwork
	Including	65	116	51	17.06	7.42	0.19	Stockwork
	Including	106	116	10	41.90	12.80	0.47	Stockwork
130m EOH

These results highlight the importance of the La Negra discovery and the potential for finding and developing additional high grades. Drilling has tested and encountered Breccia and stockwork mineralization along a strike length of 400 meters to vertical depths of over 190 meters. Due to faulting and possibly the nature of the breccia contact itself the width of the breccia body is undetermined at this time. Thus far minimum drilled widths are varying from about 60 to 100+ meters within a broader 200 by 500 meter area of breccia outcrop exposures.

The breccia is cut by two northwest trending faults across which the dip of the breccia changes from near vertical dips to moderate southerly dips. This is evidenced by holes LN 11, 12, 14, 18, 19 and 20, which were drilled through the breccia into the footwall or directly within the footwall thus missing the bulk of the breccia body. The last hole LN 25-14 (assays pending) drilled to the north confirms a southerly dip encountering 60 meters of breccia from surface followed by about 50 meters of stockwork.

Holes LN 15 to 18 were drilled at the western edge of the breccia and seem to define the western extent of the main breccia body. However outcropping breccia does occur about another 50 meters further west of these holes so a western extension or a separate breccia body is implied.

Breccia characteristics indicate the La Negra Breccia is a in the vent facies of a diatreme. Diatreme breccias have extensive depth potential in the order of 100's of meters. The La Negra Breccia also appears to have a steep northeast plunge to the system.

Current Phase I Drill Program

Drilling in the Phase I program was conducted in widely spaced fences along 400 of 500 meters of La Negra's length to provide information on the sub-surface grade, continuity and geometry of the mineralized Breccia system. Current holes were broadly spaced as single holes or fences of holes from the same platforms in 115 to 75 meter spacings along strike. Extensive zones of breccia and stockwork were encountered along the strike length and dips seem to vary from steep northerly dips to moderate southerly dips. The Phase I drill program included approximately 3100 meters of core drilling. A total of 25 HQ diameter core holes were drilled and completed.

La Negra Silver Discovery

The La Negra Beccia prospect is situated approx. 6.5 kms north of Kootenay's flagship Promontorio Silver Resource in Sonora, Mexico and is contained within a 25 x 15 km mineralized corridor, the 'Promontorio Mineral Belt.' The current Phase I drill program on La Negra follows a highly successful trenching and surface sampling program that confirmed widespread silver mineralization exists over a large 100 to 200 meters by 500 meters area on surface. (See news releases from May 28th and June 5th, 2014 for more details). Recently, each of the first seven holes of its current Phase I drill program on La Negra returned significant intervals and high grades of widespread silver mineralization extending from surface to depth, confirming a substantial new silver discovery. (See news release, 'Drill Results' Oct. 15, 2014 for more details)

To View Full Results of Sampling and drill Program Visit: www.kootenaysilver.com

QA/QC

Core is being detailed logged and sampled with half the core being bagged, tagged, catalogued, sealed and sent to an accredited assay lab for analysis. A quality control program including blanks, standards and replicates is being used similar to that used on the Promontorio drill program. Geotechnical data such as recovery, RQD and density are being recorded also. Sample lengths are one meter in breccia or stockwork zones and 2 meters in other zones. All drilling has been with HQ core and is being done by BD Drilling from Guadalajara, Mexico. Further Quality Assurance and Control procedures and details on assays procedures and laboratories used are disclosed on the Kootenay Silver Inc. website.

The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of Kootenay.

ABOUT KOOTENAY

Kootenay Silver Inc. is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico. Kootenay's objective is to develop near term discoveries and long-term sustainable growth. Its management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional, new discoveries while maintaining minimal share dilution.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Kootenay Silver Inc.

For further information:
James McDonald, CEO and President
403-238-6986

Ken Berry, Chairman
604-601-5652
1-888-601-5650
visit: www.kootenaysilver.com