Kootenay Silver Inc. and Northair Silver Corp. announced the execution of a Binding Letter Agreement pursuant to which Kootenay will acquire all of the issued and outstanding common shares of Northair. Upon closing of the Transaction, Ms. Andrea Zaradic and Mr. Tony Reda of Northair will be appointed to the Kootenay board of directors.

The senior executive team and the Board of Directors of the combined company will draw from the extensive experience and expertise of both companies. Mr. Ken Berry will remain Chairman and Mr. James McDonald will remain as President & Chief Executive Officer of the combined company.