They say mines are made, not discovered. Kootenay Gold would prefer to call it strategic development. From the moment Kootenay first acquired the rich, past producing Promontorio Silver Project in Sonora Mexico, the Company’s objectives have remained clear:

1) Implement a multi-phase exploration and drilling strategy to systematically exploit the vast untapped mineral resources believed to exist throughout the 90,000-hectare property.

2) Develop a minable silver resource on par with several of the region’s top producers.

3) Advance the 100% owned project to feasibility and full production.

“As we continue to prioritize the aggressive ongoing development of our core asset the Promontorio Silver Project in Sonora, Mexico, we have now successfully joint ventured 18 of our 100% owned precious metals properties in Canada and Mexico. Collectively, these strategic partnerships afford Kootenay minimal financial exposure and up to $20.7 million in exploration expenditures over the next 5years." Kootenay Chairman Ken Berry

 

Vancouver, B.C. - Kootenay Gold Inc. (TSX VENTURE: KTN.V) is pleased to announce that the Company has completed all necessary application processes and obtained regulatory approval to change its name to "Kootenay Silver Inc." from "Kootenay Gold Inc.". The Company's shares will trade on the TSX Venture Exchange under the new name at market open on Tuesday, February 21, 2012. The trading symbol of the Company will remain as "KTN".

 

States Kootenay CEO, James McDonald, "We feel the name change to Kootenay Silver Inc. better reflects our core assets as we continue to advance drilling and development on our flagship Promontorio Silver Project in Sonora, Mexico.”

 

ABOUT KOOTENAY

Kootenay Gold is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. The Company’s flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico. The Company's objective is to develop near term discoveries and long term sustainable growth. Kootenay’s management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional, new discoveries while maintaining minimal share dilution.

 

For additional information, please contact:

James McDonald, CEO and President at 403-238-6986

Ken Berry, Chairman at 604-601-5652; 1-888-601-5650

or visit: www.kootenaygold.ca