VANCOUVER, Sept. 13, 2018 /CNW/ - Kootenay Silver Inc.
(TSXV: KTN) (the "Company" or "Kootenay") is pleased to announce Capstone Mining Corp. (TSX: CS) ("Capstone Mining")
has informed the Company that an exploration program is underway on the La Mina Project (the "Property"), located 180 kilometers
southeast of the city of Hermosillo in Sonora State, Mexico.
Detailed geological mapping, rock chip and stream sediment sampling is underway in order to define potential drill targets on
the Property. The Company is looking forward to Capstone advancing the project towards drill stage. Kootenay will
report on results after programs are complete and Capstone reports them to the Company.
As announced on June 28th, 2018 (see KTN NR 18-14), Kootenay entered in to an option agreement (the "Agreement") with Capstone Mining, whereby
Capstone Mining can earn an initial 60% ("Initial Earn In") interest in La Mina by making staged
cash payments totalling US$600,000 and incurring exploration expenditures totalling US$4 million over 4 years. Following the Initial Earn In, Capstone may earn up to a 100% interest in
La Mina in stages by completing certain milestones including preparation of a preliminary
economic assessment, a pre-feasibility study and paying an additional aggregate total of US$8.4
million to Kootenay in stages at each of the various milestones.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory
requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed on behalf Kootenay
by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
Neither the 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.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the
Sierra Madre Region of Mexico and in British Columbia, Canada.
Supported by one of the largest 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 two of its priority silver projects located in
prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
The information in this news release has been prepared as at September 17, 2018. Certain
statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements"
under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as
"expected", "may", "will" or similar terms.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable
by Kootenay as of the date of such statements, are inherently subject to significant business, economic and competitive
uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different
from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, Kootenay
expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect
any change in Kootenay's expectations or any change in events, conditions or circumstances on which any such statement is
based.
Cautionary Note to US Investors: This news release may contain information about adjacent properties on
which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit
information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent
properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements
including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations,
receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently
anticipated in such statements.
This press release uses the terms "Measured", "Indicated", and "Inferred" resources. United
States investors are advised that while such terms are recognized and required by Canadian regulations, the United States
Securities and Exchange Commission does not recognize them. "Inferred Mineral Resources" have a great amount of uncertainty as to
their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral
Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form
the basis of feasibility or other economic studies. United States investors are cautioned not to
assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of a Mineral Resource is
economically or legally mineable.
SOURCE Kootenay Silver Inc.
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