Kootenay Silver Inc. · TSXV:KTN
Kootenay Silver — Investor Presentation (October 2026)
53 slides from Kootenay Silver's investor presentation, October 2026
Slide 1: October 2026 Corporate Presentation
OCTOBER 2026 TSX.V: KTN OTCQX: KOOYF 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: Capital Structure
CAPITAL STRUCTURE Exchange (Tier 1) TSX.V: KTN; OTCQX: KOOYF Key Shareholders Share Price(1) C$1.20 Eric Sprott Condire Issued & Outstanding(1) 103,203,198 Sprott Asset Management Gold2000 Options, RSU & DSU 6,849,295 (weighted Avg. $1.24 of options) Management & Directors Institutions Warrants(1) 1
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 (For
Slide 5: 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 WITH ONE OF LARGEST JUNIOR OWNED SILVER RESOURCES IN 4 DEPOSITS ➢ RERATING POTENTIAL ON VA
Slide 6: Kootenay Silver Assets
KOOTENAY SILVER ASSETS ✓ LA CIGARRA – UPDATED MRE AND PEA ▪ $763 Million USD NPV and 41% IRR post tax ▪ La Cigarra update MRE 60.02 million ounces M+I and 17.25 million ounces of inferred silver* ✓ NEW HIGH GRADE DRILL DISCOVERIES ▪ Columba Silver Property ▪ 54.1 Million ounces 284 gpt Ag in newly r
Slide 7: Milestones & Catalysts
MILESTONES & CATALYSTS Recent Milestones 2026 Catalysts ✓ 10 Feb 2026 Closing of C$18M Bought Deal Columba ✓ 25 Feb 2026 Columba 3D-IP & AMT Geophysical • Expanded 60,000m drill program underway Survey underway • Drilling focused on step out drilling to expand ✓ 2 Mar 2026 Columba Drill Results; 10m
Slide 8: 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 9: Flagship Projects La Cigarra PEA and Columba Drill Program
Flagship Projects La Cigarra PEA and Columba Drill Program
Slide 10: Flagship Projects La Cigarra PEA
Flagship Projects La Cigarra PEA TSX.V: KTN I OTCQX: KOOYF I CORPORATE PRESENTATION I OCTOBER2026
Slide 11: La Cigarra – Within Parral Silver District
LA CIGARRA – WITHIN PARRAL SILVER DISTRICT PARRAL Well Established Mining District • Silver Production from Greater Parral Mining District for over 350 years • La Cigarra located 20km north of 20 Km Francisco del Oro- Santa Barbara camp • Production from San Francisco del Oro-Santa Barbara District
Slide 12: La Cigarra PEA Highlights
La Cigarra PEA Highlights All monetary values are in U.S. dollars unless otherwise noted. Project Economics • $763 million: After-tax net present value at consensus metal prices (5% discount rate) • 41%: After-tax internal rate of return (IRR) • $1,295 million and IRR of 64%: After-tax net present v
Slide 13: La Cigarra PEA Highlights
La Cigarra PEA Highlights All monetary values are in U.S. dollars unless otherwise noted. Project Economics • 1.9 year payback: After-tax • Average annual silver production Years 1-5: 6.22 million ounces • Average LOM annual payable silver production: 4.55 million ounces • Average annual after tax r
Slide 14: Sensitivity Table
Sensitivity Table Pre-Tax NPV 5% Post-Tax NPV 5% Post-Tax IRR Variable Case Post-Tax IRR (%) (US$M) (US$M) (%) Base case Base $1,265 55% $763 41% All metal prices -30% $534 27% $296 19% All metal prices 30% $1,996 83% $1,227 62% Silver price -30% $575 28% $322 21% Silver price 30% $1,955 82% $1,201
Slide 15: Sensitivity Post-Tax NPV and IRR
Sensitivity Post-Tax NPV and IRR TSX.V: KTN I OTCQX: KOOYF I CORPORATE PRESENTATION I OCTOBER 2026 15
Slide 16: La Cigarra – Updated MRE and Proposed Pit Design
LA CIGARRA – UPDATED MRE AND PROPOSED PIT DESIGN Open San Gregorio Legend Proposed Open Pit Outline W Ag Eq N 80 to 120 Open 120 to 180 S E 180 to 250 250 to 3920 Las Carolinas > 3920 2026 Mineral Resource Estimate Update* Grade Total Metal Ag Au Pb Zn AgEq Ag Au Pb Zn AgEq Resource Tonnes (g/t) (g/
Slide 17: Well Mineralized Structure Multiple Targets
N W E WELL MINERALIZED STRUCTURE MULTIPLE TARGETS Borracha Navidad S • 2026 MRE is located within 6km long mineralized a corridor defined by geological mapping and San Gregorio multiple exploration holes to date • Exploration upside exists down-dip, along strike Las Carolinas L as and on parallel st
Slide 18: La Cigarra - Well Mineralized Structure with Multiple Targets
LA CIGARRA - WELL MINERALIZED STRUCTURE WITH MULTIPLE TARGETS Borracha • 2026 MRE is located within 6km long mineralized corridor defined by geological mapping and multiple exploration holes to date • Exploration upside exists down-dip, along strike and on parallel structures San Gregorio Navidad Le
Slide 19: La Cigarra Mineral Resource Estimate
LA CIGARRA MINERAL RESOURCE ESTIMATE La Cigarra Project Open Pit Mineral Resource Estimate, April 4, 2026 Grade Total Metal Ag Au Pb Zn AgEq Ag Au Pb Zn AgEq (g/t) (g/t) (%) (%) (g/t) (Moz) (koz) (Mlb) (Mlb) (Moz) Resource Tonnes Class (M) Measured 2.93 84 0.06 0.14 0.19 96 7.87 5.60 9.1 12.4 9.01 I
Slide 20: Flagship Projects Columba Resource Expansion Drilling Program
Flagship Projects Columba Resource Expansion Drilling Program TSX.V: KTN I OTCQX: KOOYF I CORPORATE PRESENTATION I OCTOBER2026
Slide 21: Columba High Grade Silver Project
COLUMBA HIGH GRADE SILVER PROJECT HIGHLIGHTS • High-grade vein system with no exploration in ~40 years prior to KTN ownership • Past producing silver mine (~1900-1910; 1958-1960) • 2019 – 2025 – 66,020 meters drilled in 236 holes MAIDEN RESOURCE ESTIMATE 2025 • 54.1 Moz of silver, 25.2 Mlbs of lead,
Slide 22: 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 22
Slide 23: 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 24: Columba Vein Highlights
COLUMBA VEIN HIGHLIGHTS • Classic Mexican epithermal vein system comprising multiple veins over an area 3 km x 4 km • 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 • 2025-2026 expanded 60,000-meter drilling program underway to test
Slide 25: 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 gpt % % 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 26: 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 27: Columba Proposed 2026 Priority Targets
COLUMBA PROPOSED 2026 PRIORITY TARGETS • Follow up drilling planned on all mineralized structures • Next phase to extend and expand upon mineralization included in new NI 43-101 resource • Highest Priority Targets include extensions of defined mineralized veins, all require additional extension and
Slide 28: Columba Proposed 2026 Priority Targets
COLUMBA PROPOSED 2026 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 Extension Drilling I and E Veins NE Extension J-Z Vein Swarm Unnamed NS Vein Proposed 4,250m in 1
Slide 29: D-Vein Long Section
NW 0m D-Vein Long Section 1,000m SE True Width of Mineralized Intervals x Ag (g/t) 2000m Grade Line CDH-21-110 29.9m @ 453 Ag gpt Incl 17.8m @ 650 Ag gpt 1600m CDH-24-255 23.63 m @ 261 Ag gpt Incl. 8.0 m @ 401 Ag gpt CDH-22-125 34.45m @ 540 Ag gpt CDH-24-164 Incl 9.7m @ 1,746 Ag gpt 98.7 m @ 211 Ag
Slide 30: Lupe Vein Long Section
0m 400m NW Lupe Vein Long Section SE True Width of Mineralized Intervals x Ag (g/t) CDH-21-112 29.5m @ 219 Ag gpt Incl 2.0m @ 1,050 Ag gpt Grade Line CDH-24-161 2.5m @ 337 Ag gpt Incl 0.4m @ 1,595 Ag gpt CDH-20-082 9.0m @ 691 Ag gpt Incl 4.6m @ 1,186 Ag gpt CDH-24-162 12.0m @ 78 Ag gpt CDH-25-235 In
Slide 31: What is Next?
What is Next? ➢ Columba ➢ Resource exploration drilling – expanded to 60,000 meters ➢ Focused on resource expansion ➢ 10,000 meters for undrilled veins ➢ La Cigarra ➢ 10,000 meter drill program on Gap zone with potential for 10 to 20 % ounce increase in pit shell. Fall 2026 start date. ➢ Additional
Slide 32: Other Resource Properties Promontorio-La Negra
Other Resource Properties Promontorio -La Negra
Slide 33: 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 34: Investing in…
INVESTING IN… ➢ ONE OF THE LARGEST JUNIOR OWNED SILVER ASSET BASES IN MEXICO ➢ CONTINUATION OF RESOURCE EXPANSION PROGRAM AT COLUMBA ➢ LA CIGARRA WITH 41% POST TAX IRR ➢ EXPLOSIVE GROWTH POTENTIAL WITH LARGE FUNDED DRILL PROGRAM AT COLUMBA AND PEA AT LA CIGARRA ➢ POTENTIAL FOR VALUE RE-RATING ➢ STRO
Slide 35: 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 OTCQX: KOOYF I CORPORATE PRESENTATION I OCTOBER 202
Slide 36: Appendix
APPENDIX
Slide 37: Outstanding Warrants & Options
OUTSTANDING WARRANTS & OPTIONS TSX.V: KTN I OTCQX: KOOYF I CORPORATE PRESENTATION I OCTOBER 2026
Slide 38: Columba Claim Boundaries
3,347,500, 3,342,500, 00S‘2zz 000‘0Ez ‘America 2 o0s‘zez ‘America 2 (in process), | America America 1 Nueva Fortuna: 000s: A) KOOTENAY COLUMBA CLAIM BOUNDARIES Legend = Columba_Claims_Active Claims in aquisition process Project Access Road be 1:80,000 contour 4 1:50,000 water San Joaquin (in process
Slide 39: 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 gpt % % 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 40: 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 OTCQX: KOOYF I CORPORATE PRESENTATION I OCTOBER 2026 • Quoted intervals represent downhole core lengths 40
Slide 41: True widths estimated at between 60% and 80% of downhole lengths
True widths estimated at between 60% and 80% of the downhole lengths. TSX.V: KTN I OTCQX: KOOYF I CORPORATE PRESENTATION I OCTOBER 2026 41
Slide 42: D Vein Long Section
D Vein Long Section TSX.V: KTN I OTC: KOOYF I CORPORATE PRESENTATION I OCTOBER 2022 • Quoted intervals represent downhole core lengths 42
Slide 43: 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 44: True widths estimated at between 60% and 80% of downhole lengths
True widths estimated at between 60% and 80% of the downhole lengths. 44
Slide 45: 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 46: 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 47: 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 48: 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 49: 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 50: 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 51: Global Resource Table
Global Resource Table Kootenay Silver 43-101 Resource Inventory AgEq gpt Cutoff Mass Grade Ag Grade Au Grade Pb Grade Contained Ag Contained Contained Contained Contained RESOURCE YEAR Price Ag CLASS Ag gpt (Mt) gpt g/t % Zn % (Moz) Au (koz) Pb (Mlbs) Zn (Mlbs) AgEq (Moz) PROMONTORIO (1) 2023 $22.00
Slide 52: Promontorio Silver Equivalent Calculation
Promontorio Silver Equivalent Calculation Promontorio: 2013 2023 Equivalency Metal Price Equivalency AGEQV Price AGEQV Recovery Equivalency Recovery with (USD) with Recovery FACTOR (USD) FACTOR Recovery AG 31 74 0.738 0.997 0.997 22 74 0.523 AU 1650 70 37.134 53.049 53.049 50.35 1800 70 40.510 77.40
Slide 53: Promontorio-La Negra Ag Equivalent Calculation
Promontorio-La Negra Ag Equivalent Calculation Promontorio Metal NSP Units Recovery Value ($/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
Kootenay Silver — Investor Presentation (October 2026) on 6ix