Kootenay Acquires Drill Ready Silver/Copper Property in South Eastern, B. C.

Silver Fox Property is Located Within a "Revett Type" Geological Formation Which is Host to Over 680 Million Oz Silver & 5,600 Million lbs Copper

Shares Outstanding: 37,276,600

VANCOUVER, Nov. 18 /CNW/ - Kootenay Gold Inc. (TSX VENTURE: KTN.V) is pleased to announce that it has acquired a 100% ownership in the Silver Fox Silver/Copper property in South Eastern, British Columbia, which comprises mineral rights to over 30 kilometres covering the same geologic formation on the Canadian side of the border, to that which hosts the Western Montana Copper Sulfide Belt North Western Montana and Idaho - a renowned exploration and mining region that currently contains the largest silver resources in the United States.

The Western Montana Copper Sulfide Belt, which lies on trend with, and bears strikingly similar geological characteristics to the Silver Fox, consists of  "Revett Type" Silver-Copper sediment hosted deposits, which combined, in the United States portion of the trend, are host to over 680 million ounces of silver and 5,600 million pounds of copper in several deposits, the largest of which individually contain in excess of 200 million ounces of silver and 1,700 million pounds of copper (e.g. Montanore, Rock Creek).

States Kootenay President and CEO James McDonald, "The acquisition of the mineral rights which form and encompass the Silver Fox property is the result of extensive evaluation and preliminary ground exploration conducted to date by our geological team"

Further adds McDonald "We have assessed the property's geological characteristics and structural control and have already defined several prospective drill targets. Accordingly, we clearly view the potential of the Canadian side of the formation as a significant emerging play in the region".

View Dr. Thompson's Commentary http://www.kootenaygold.ca/s/SilverFox.asp

The impetus for Kootenay's extensive evaluation and subsequent acquisition of the Silver Fox property is based in large part to the coincidence of several recently discovered and recognized features characteristic of the deposits in the United States commonly referred to as "Revett Type" deposits. These features include:

• Recent discovery of several stratabound disseminated Cu occurrences in Revett equivalent quartzites.
• Copper mineralization is characterized by disseminated grains of chalcopyrite, chrysacola, bornite, and chalcocite, in the host quartzite with minor copper staining of azurite and malachite
• Recognition of a northwest trending mineralized structural domain, bracketed to the north by the historic St. Eugene Ag-Pb-Zn vein, that has been active from the Precambrian to the Tertiary
• Regional scale zones of bleaching, oxide, sulphide, carbonate, and manganese alteration occurring with copper mineralization.
• Location along the northern extension of the Western Montana Copper Sulfide Belt
• Same geologic host formations.  Recognition of thick (in excess of 100 metres) sequences of quartzite dominated stratigraphy.
• Recognition by R P. Hartlaub Department of Mining and Mineral Exploration,  British Columbia Institute of Technology, that the area has high potential for hosting Revett Type Silver-Copper deposits, found in the United States, during a multi-year program co-funded by Geoscience BC and Natural Resources Canada.

As evidenced by the three major discoveries in northwest Montana, this is an exciting new exploration discovery in an underexplored area for very large silver-copper deposits.

Kootenay intends to continue to assess the property to further define priority drill targets with the goal to proceed with a drilling program at the earliest possible date. Mapping and prospecting will aid in defining the strongest areas of mineralization which will be followed up by comprehensive work which will include detailed mapping, geophysics and further sampling in preparation of drilling.

QA/QC

Quality Assurance and Quality Control procedures are posted on the Kootenay Gold website.

The foregoing geological disclosure has also been reviewed and verified by Kootenay's CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of Kootenay.

ABOUT KOOTENAY

Kootenay is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. The Company flagship property is the former producing Promontorio Silver Mine in Sonora State, Mexico.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

For further information:

James McDonald, CEO and President at 403-238-6986
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
www.kootenaygold.ca