Kootenay Silver (TSXV:KTNannounced that further to the joint press releases of Kootenay and Pan American Silver Corp. dated February 16, 2016and April 26, 2016, Kootenay has closed its non-brokered private placement with Pan American and issued an aggregate of 6,793,550 shares for aggregate gross proceeds to Kootenay of CAD$1,553,431.

Kootenay intends to use the net proceeds of the Private Placement for exploration activities and general corporate purposes.

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