Kootenay Silver Inc. · TSXV:KTN
Kootenay Silver — Investor Presentation (August 2025)
45 slides from Kootenay Silver's investor presentation, August 2025
Slide 1: Discovering silver today for production tomorrow
TSX.V: KTN OTCQX: KOOYF Discovering silver today for production tomorrow CORPORATE PRESENTATION I AUGUST 2025 1
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation may contain “forward-looking statements” with the meaning of Canadian securities legislation. 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
Slide 3: Investing in Kootenay Silver
INVESTING IN KOOTENAY SILVER Kootenay Silver Inc. has a leading growth profile highlighted by one of the largest junior owned silver asset bases in Mexico. REASONS TO BUY ➢ SIGNIFICANT LEVERAGE TO SILVER PRICE ➢ MAIDEN RESOURCE ON COLUMBA ADDS 54 MILLION OUNCES ➢ EXPLOSIVE GROWTH POTENTIAL AT COLUMB
Slide 4: Board & Management Team
BOARD & MANAGEMENT TEAM “FROM DISCOVERY TO PRODUCTION” EXPLORATION MARKETING FINANCE MINE BUILDING James McDonald, P. Geo Ken Berry, Chairman Raj Kang, CPA, CMA Joe Giuffre, JD, Director President, CEO & Director (Former President & CEO Chief Financial Officer (Formerly Chief Legal Officer for (Form
Slide 5: Capital Structure
CAPITAL STRUCTURE Exchange (Tier 1) TSX.V: KTN; USOTC: KOOYF Key Shareholders Share Price(1) C$1.17 Eric Sprott (~4.5%) Issued & Outstanding(1) 81,567,243 Condire (~5%) Management & Directors (~3%) Options, RSU & DSU 3,750,000 Institutions (~35%) Warrants(1) 27,683,739 Current Market Cap(1) ~C$95.4M
Slide 6: Kootenay Silver Assets
KOOTENAY SILVER ASSETS ✓ NEW HIGH GRADE DRILL DISCOVERIES ▪ Columba Silver Property ▪ 54.1 Million ounces Ag in newly released 2025 Inferred Mineral Resource Estimate* ▪ 43-101 filed Augus 1, 2025 ✓ RESOURCE PROPERTIES ▪ 214.2 Million ounces Ag equivalent (AgEq) M+I & 109 Million ounces AgEq Inferre
Slide 7: Location of Primary Silver Assets
LOCATION OF PRIMARY SILVER ASSETS Famous Sierra Madre Trend Depicted by Red Line The information is not necessarily indicative of future mines or mineralization and is provided as background and context material for the reader showing historical production numbers along the Sierra Madre mineral tren
Slide 8: Milestones & Catalysts
MILESTONES & CATALYSTS Recent Milestones 2025 Catalysts ✓ 22 May 2025 Update on Upcoming Mineral Resource Estimate Columba ✓ 17 Jun 2025 Announcement of 2025 Mineral • Start of staged 50,000m drill program late July Resource Estimate • Expanded Prospecting and Mapping program ✓ 17 Jun 2025 $12 Milli
Slide 9: Primary Catalyst for 2025 Columba Drill Program
Primary Catalyst for 2025 Columba Drill Program
Slide 10: Columba High Grade Silver Project
COLUMBA HIGH GRADE SILVER PROJECT HIGHLIGHTS • 54.1 Moz of silver, 25.2 Mlbs of lead, and 65.6 Mlbs of zinc • 5.92 Mt grading 284 gpt silver, 0.19% lead, and 0.50% zinc • All mineralized veins remain wide open to expansion along strike, to depth or both. • Vein continuity is excellent • 5 to 6 meter
Slide 11: Columba High Grade Silver Project
COLUMBA HIGH GRADE SILVER PROJECT HIGHLIGHTS • High-grade vein system with no exploration in ~40 years • Past producing silver mine (~1900-1910; 1958-1960) • Multiple high-grade targets identified by drilling • 17.8 meters of 650 gpt silver; 6 meters of 2035 gpt silver; 34.45 meters of 540 gpt silve
Slide 12: Columba Project
COLUMBA PROJECT Building a District-Scale Silver Camp in Chihuahua, Mexico N Oblique view of 3 x 4 km Vein Swarm at Columba, looking north, image Google Earth 12
Slide 13: Columba Footprint Compares Well to Epithermal Vein Systems in Mexico
Columba Footprint Compares Well to Epithermal Vein Systems in Mexico 1km 1km 1km Caution: This comparison is conceptual in nature and there is insufficient exploration to define the resource at this date. (source Vizsla Silver website) This indicates geologic potential only which needs extensive (so
Slide 14: Columba Mineral Resource Estimate
COLUMBA MINERAL RESOURCE ESTIMATE Columba Project Underground Mineral Resource Estimate, May 29, 2025 Average Value Material Content Mass Cut-off Grade Ag Pb Zn Ag Pb Zn Mt g/t % % koz Mlb Mlb INFERRED 150 g/t Ag 5.92 284 0.19 0.50 54,072 25.2 65.6 (1) MRE Notes and Assumptions listed on Slide 3 Col
Slide 15: Columba Mineral Resource Estimate – By Vein
COLUMBA MINERAL RESOURCE ESTIMATE – BY VEIN Columba Project Underground Mineral Resource Estimate by Vein, May 29, 2025 Average Value Material Content Mass Vein Ag Pb Zn Ag Pb Zn Mt g/t % % koz Mlb Mlb INFERRED D 3.29 293 0.22 0.60 30,964 15.8 43.7 DHW 0.08 310 0.65 0.89 789 1.1 1.6 DFW 0.03 250 0.2
Slide 16: Columba Mineral Resource Estimate Notes
COLUMBA MINERAL RESOURCE ESTIMATE NOTES (1) The mineral resource was estimated by Ben Eggers, MAIG, P.Geo. of SGS Geological Services, an independent Qualified Person as defined by NI 43-101. Eggers conducted a site visit to the Columba Property on May 28, 2025. The mineral resource was peer reviewe
Slide 17: Columba Proposed 2025 Priority Targets
COLUMBA PROPOSED 2025 PRIORITY TARGETS • Follow up drilling planned on all mineralized structures • Next phase to extend and expand upon mineralization included in new 43-101 resource • Highest Priority Targets include extensions of defined mineralized veins, all require additional extension and dep
Slide 18: Columba Proposed 2025 Priority Targets
COLUMBA PROPOSED 2025 PRIORITY TARGETS Target Hole Count Total Meters D Vein 40 22000 F Vein 15 6500 B corridor 16 6500 JZ Veins 16 4250 Exploration 20 10000 Total 107 49250 Prospect Evaluation Drilling J-Z Extension Drilling I and E Veins NE Extension J-Z Vein Swarm F Unnamed NS Vein Proposed 4,250
Slide 19: What is Next?
What is Next? ➢ Recommence resource exploration drilling – some 50,000 meters of extension drilling is planned on all key mineralized structures ➢ First 20,000 to 30,000 meters expansion drilling on D, F and B veins ➢ Continued prospecting and geological mapping – new structures are identified using
Slide 20: Columba Vein Highlights
COLUMBA VEIN HIGHLIGHTS • Classic Mexican epithermal vein system comprising multiple veins over an area 3 km x 4 km • 53,000 meters drilled to date in 211 holes • Current MRE of 5.92Mt of 284 gpt Silver, 0.19% Pb and 0.50% Zn for 54.1 Moz Silver, 25 Mlbs Pb and 65.6 Mlbs Zinc • Multi-stage 50,000-me
Slide 21: F Vein Long Section
F Vein Long Section Composite F Vein Long Section Looking Northeast Silver Gram-meters (Ag grade x true width of intercept) TSX.V: KTN I OTC: KOOYF I CORPORATE PRESENTATION I AUGUST 2025 • Quoted intervals represent downhole core lengths 21
Slide 22: D-Vein Long Section
NW 0m D-Vein Long Section 1,000m SE True Width of Mineralized Intervals x Ag (g/t) Grade Line Open CDH-21-110 29.9m @ 453 Ag gpt Incl 17.8m @ 650 Ag gpt CDH-22-125 CDH-24-164 34.45m @ 540 Ag gpt 98.7 m @ 211 Ag gpt CDH-24-153 Incl 9.7m @ 1,746 Ag gpt Incl. 12.0 m @ 531 Ag gpt 40.5m @ 183 Ag gpt Incl
Slide 23: Secondary Catalysts Resource Properties
Secondary Catalysts Resource Properties
Slide 24: La Cigarra - Parral Silver District
LA CIGARRA - PARRAL SILVER DISTRICT La Cigarra Discovery* HIGHLIGHTS 51.57M oz Measured & Indicated 11M oz Inferred Open in all directions • La Cigarra silver project is located in the renowned Parral Mining district in Chihuahua State, Mexico • Significant land package (over 18,000 hectares) • Reso
Slide 25: Promontorio-La Negra Mineral Belt
Promontorio PROMONTORIO-LA NEGRA MINERAL BELT 7 km La Negra HIGHLIGHTS • Situated on Promontorio Mineral Belt Property. Hosts two major silver discoveries: Promontorio & La Negra • Numerous additional targets within a 6.5km x 15km area • La Negra initial resource estimate filed in October 2023 2023
Slide 26: Investing In…
INVESTING IN… ➢ ONE OF THE LARGEST JUNIOR OWNED SILVER ASSET BASES IN MEXICO ➢ CONTINUATION OF PHASED DRILL PROGRAM AT COLUMBA ➢ EXPLOSIVE GROWTH POTENTIAL WITH LARGE FUNDED DRILL PROGRAM AT COLUMBA ➢ POTENTIAL FOR VALUE RE-RATING ➢ STRONG MANAGEMENT WITH TRACK RECORD OF SUCCESS Quality Silver Asset
Slide 27: Contact Us
CONTACT US 595 Howe Street, Suite 1125 Vancouver, BC, V6C 2T5, Canada Tel: (604) 601-5650 Fax: (604) 683-2249 Toll free: (888) 601-5650 E-Mail: investor@kootenaysilver.com Website: www.kootenaysilver.com X: https://x.com/KootenaySilver TSX.V: KTN I OTC: KOOYF I CORPORATE PRESENTATION I AUGUST 2025 2
Slide 28: Appendix
KOOTENAY SILVER ING APPENDIX
Slide 29: Outstanding Warrants & Options
OUTSTANDING WARRANTS & OPTIONS Summary of Warrants outstanding Number of Shares Exercise Price Expiry Date 4,999,995 $ 1.35 08-Nov-25 304,387 $ 0.90 08-Nov-25 2,480,391 $ 1.10 16-Feb-26 138,106 $ 0.75 16-Feb-26 4,620,535 $ 1.68 25-Apr-26 527,678 $ 1.12 25-Apr-26 3,772,500 $ 1.40 24-May-26 196,350 $
Slide 30: Columba Claim Boundaries
3,347,500, 3,342,500, Ny 8 A a 3 Ss 000‘0ez America 2 o0s‘zez ‘America 2 (in process), | America America 1 Nueva Fortuna: 000°'s: KOOTENAY SILVER IMC COLUMBA CLAIM BOUNDARIES Legend = Columba_Claims_Active Claims in aquisition process Project Access Road 1:60,000 contour 150,000 water San Joaquin (i
Slide 31: CDH-20-082
CDH-20-082 9m @ 691 Ag gpt Incl. 4.6 m @ 1,186 Ag gpt True widths estimated at between 60% and 80% of the downhole lengths. TSX.V: KTN I OTC: KOOYF I CORPORATE PRESENTATION I AUGUST 2025 31
Slide 32: True widths estimated at between 60% and 80% of the downhole lengths. TSX.V: KTN
True widths estimated at between 60% and 80% of the downhole lengths. TSX.V: KTN I OTC: KOOYF I CORPORATE PRESENTATION I AUGUST 2025 32
Slide 33: D Vein Long Section
D Vein Long Section TSX.V: KTN I OTC: KOOYF I CORPORATE PRESENTATION I AUGUST 2022 • Quoted intervals represent downhole core lengths 33
Slide 34: Selected Drilling Highlights
SELECTED DRILLING HIGHLIGHTS 34
Slide 35: D Vein
D VEIN High grade hits flanked by mineralized stockwork and breccia, great continuity both to depth and along strike • D Vein has been drilled for 435 meters to a vertical depth of 300 meters • Undrilled trace of D Vein adds 800m for a potential strike length of over 1,200 meters. • High grade is fl
Slide 36: True widths estimated at between 60% and
True widths estimated at between 60% and 80% of the downhole lengths. 36
Slide 37: F Vein
F VEIN Extensive vein with wide mineralized intervals, great continuity along trend • Kootenay Silver has drilled F Vein has been over a distance of 770 meters and to a vertical depth of 275 meters CDH-19-045 – 4.3 m of 239 gpt Ag • Sampling from u/g workings and drilling assays suggest classic epit
Slide 38: La Cigarra Resource
LA CIGARRA RESOURCE La Cigarra Deposit Mineral Resource Estimate at a Base Case Cut-off Grade of 50 g/t AgEq* Grade Total Metal Ag (g/t) Au (g/t) Pb (%) Zn (%) AgEq (g/t) Ag (Moz) Au (koz) Pb (Mlbs) Zn (Mlbs) 1AgEq (Moz) Resource Tonnes Class (MT) Measured 2.08 103 0.06 0.16 0.22 121 6.90 4.30 7.60
Slide 39: La Cigarra Mineral Resource Estimate Notes
La Cigarra Mineral Resource Estimate Notes: 1.The Mineral Resource Estimate was estimated by Allan Armitage, Ph.D., P. Geo. of SGS Geological Services and is an independent Qualified Person as defined by NI 43- 101. Dr Armitage conducted a recent site visit to the La Cigarra Property on November 28
Slide 40: La Cigarra – San Gregorio Zone
LA CIGARRA – SAN GREGORIO ZONE Cross Section below shows new domains in colours overlain by HG Northair Model (in grey). Colours (new model) display more constrained volumes. TSX.V: KTN I OTC: KOOYF I CORPORATE PRESENTATION I AUGUST 2025
Slide 41: Promontorio-La Negra Mineral Belt
PROMONTORIO-LA NEGRA MINERAL BELT *2023 Total Promontorio-La Negra Project Resource Estimate In Situ Tonnage, Grades and Metal Content AgEq Tonnage AgEq Ag Au AG Metal Au Metal Pit Class Pb (%) Zn (%) Metal Pb (klb) Zn (klb) (kt) (g/t) (g/t) (g/t) (kOz) (kOz) (kOz) Measured 12,451 111.7 37.0 0.456 0
Slide 42: Promontorio-La Negra Mineral Belt
PROMONTORIO-LA NEGRA MINERAL BELT 2023 Resource Statement for the Promontorio Deposit Cutoff In situ Tonnage, Grade and Metal Content Class AgEq AgEq Ag Au Pb Zn AgEq Metal AG Metal Pb Zn Tonnage (kt) Au Metal (kOz) (g/t) (g/t) (g/t) (g/t) (%) (%) (kOz) (kOz) (klb) (klb) 15 13,538 104.3 34.5 0.428 0
Slide 43: Promontorio-La Negra Mineral Belt
PROMONTORIO-LA NEGRA MINERAL BELT 2023 Resource Statement for the La Negra Deposit. See slide 36 for silver equivalent calculation Cutoff In Situ Grades and Metal Content ZONE CLASS AgEq AgEq Ag Au AgEq Metal Ag Au Metal Tonnage (kt) (g/t) (g/t) (g/t) (g/t) (kOz) Metal (kOz) (kOz) 25 7,282 102.5 99.
Slide 44: Promontorio Silver Equivalent Calculation
Promontorio Silver Equivalent Calculation Promontorio: 2013 2023 Equivalency METAL Price Equivalency AGEQV Price AGEQV DIFFERENCE Recovery Equivalency Recovery with (USD) with Recovery FACTOR (USD) FACTOR Recovery AG 31 74 0.738 0.997 0.997 22 74 0.523 AU 1650 70 37.134 53.049 53.049 50.35 1800 70 4
Slide 45: Promontorio-La Negra Ag Equivalent Calculation
Promontorio-La Negra Ag Equivalent Calculation Promontorio Metal NSP Units Recovery Value ($/g) Factor Ag1 0.63 US$/g 74% 0.4662 1.00 Au2 56.71 US$/g 70% 39.6970 85.15 Pb3 0.77 US$/lb 81% 13.7502 29.49 Zn4 0.8 US$/lb 88% 15.5205 33.29 AgEqv= AG + AU*85.15 + PB*29.49+ ZN*33.29 1US$22/oz silver 2US$18
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