VANCOUVER, BC, April 6, 2023 /PRNewswire/ - Kootenay Silver Inc. (TSXV: KTN) (the "Company" or "Kootenay") is pleased to announce it has amended the terms for the Columba option agreement to allow for 50% of the April 2023 payment of US$430,000 plus 16% IVA to be paid in common shares of the Company. The payment is due on April 12, 2023, and will be paid as follows US$215,000 cash and US$215,000 (plus 16% IVA) in Kootenay common shares calculated at the volume weighted average price of Kootenay for the previous twenty trading days with that price converted to US dollar value using the Bank of Canada's exchange rate over the twenty-day period. The final payment of US$215,000 which will be paid in cash, is due on May 12, 2023, after which the Company will own 100% of the Columba project.