Mr. Wayne Hubert reports

FIRST DRILL PROGRAM AT INDY PROJECT IN BC INTERSECTS SHALLOW ZINC MINERALIZATION

Inzinc Mining Ltd. has provided initial results from its first exploration drill program at the Indy zinc project (100-per-cent option) located 100 kilometres southeast of Prince George in central British Columbia. Results include intersections from five holes of an 11-hole drill program (1,271 metres drilled). Additional results will be released as received. All intersections returned to date are located within 60 m of surface.

Selected highlights (refer to details in the attached table)

Hole IB18-002

• 4.49 per cent zinc, 1.13 per cent lead and 7.32 grams per tonne silver (5.46 per cent zinc equivalent) over 4.28 m at 27 m below surface;
• 2.24 per cent Zn, 0.83 per cent Pb and 5.23 g/t Ag (2.95 per cent ZnEq) over 5.38 m at 33 m below surface;
• 3.50 per cent Zn, 0.66 per cent Pb and 4.59 g/t Ag (4.07 per cent ZnEq) over 4.57 m at 37 m below surface.

Hole IB18-003 (low core recovery)

• 9.26 per cent Zn, 2.43 per cent Pb and 17.98 g/t Ag (11.38 per cent ZnEq) over 3.05 m at 23 m below surface.

Hole IB18-006

• 3.88 per cent Zn, 1.34 per cent Pb and 8.90 g/t Ag (5.03 per cent ZnEq) over 3.99 m at 29 m below surface.

Note: True widths are unknown. The intersections in IB18-002 are separated by lost core/no recovery.

ZnEq calculation: Metallurgical studies have not been completed and assumes 100-per-cent metallurgical recovery using Zn prices at $1.10 per pound, Pb at 80 cents/lb and Ag at $15/ounce -- all U.S. dollars.

The 2018 drill program explored the southern area of anomaly B, an extensive 1.5 km long soil geochemical zone and one of three large anomalies being advanced on the project. Recent (2018) soil surveys outline large, continuous and untested areas of high zinc in soil over a 500 m by 400 m area both west and northwest of this drilling. The combination of age of strata, rock types, geochemical trends, alteration and mineralization is suggestive of deformed and remobilized mineralization associated with a sedimentary-hosted exhalative (sedex) environment.

Anomaly B drill program

Holes IB18-001 to IB18-010 focused on the southeastern area of anomaly B and generally targeted the upslope edge of soil geochemical highs established in 2017 surveys. A single hole (IB18-011) was completed 900 m north of hole IB18-001.

The only rock exposure in the area is a surface zinc oxide occurrence which returned 45.5 per cent zinc in a grab sample. Drill hole IB18-001 was collared 50 m east of the zinc oxide zone and hole IB18-002 was located 100 m east of the occurrence. Both holes intersected shallow zinc sulphide mineralization in relatively flat-lying dolomitic rocks underlain by sericite-pyrite schists. Hole IB18-006, located 150 m east of the zinc oxide occurrence, continued to explore this trend to the east and upslope. The hole was collared in black shales underlain by a sedimentary breccia and continued into thinner dolomitic-rich rocks similar to sequences in holes IB18-001 and IB18-002. Hole IB18-006 ended in a thick interval of sericite-pyrite schist. Contact-related mineralization in hole IB18-006 was encountered at the base of the black shale and in contact with dolomitic-rich rocks. Weaker sulphide mineralization was also intersected in silicified zones within the sedimentary breccia unit. Holes IB18-007, IB18-008 and IB18-009 continued to explore this trend (results pending).

Drill holes IB18-003 and IB18-004 were collared approximately 270 m north of hole IB18-001. Hole IB18-003 intersected massive sulphide mineralization (with low core recoveries) at 22 m downhole followed by highly fractured dolomite-rich rock and underlain by sericite-pyrite schist. Vertical hole IB18-004 was drilled at the same location. The hole intersected weaker mineralization in similar highly fractured rock followed by sericite-pyrite schist at depth. Soil geochemical surveys suggest the mineralization encountered in these drill holes trends farther to the northwest.

Anomaly B was initially outlined by the company in 2017 with high zinc in soils returned over a 1.5 km length. Infill sampling in 2018 supported drill targets. The westward expansion of the geochemical survey in 2018 outlines a strongly anomalous, continuous and untested area of zinc in soil for up to 400 m downslope and 500 m northwest and southeast below the 2018 drill holes.

Local contractors provided all support for the drill program and access was road supported.

Emerging geological model

Rock types in drill core generally include from the base sequence upward; unaltered to ankeritic-siltstones, sericite-pyrite schist (with fine pyrite laminations and stringers), dolomitic lenses and breccias, and variably silicified sedimentary breccias. This sequence is overlain by black shales. Deformation overprinting related to regional folding and related faulting is recognized.

Mineralization is present in all lithologies as disseminations, fracture fill vein replacements and massive sulphides. Concentration of zinc mineralization is apparent near or within contacts of favourable hosts such as carbonates and highly silicified units both of which are underlain by sericite-pyrite schists.

Drilling to date at anomaly B indicates a geological setting proximal to an exhalative vent complex, subsequently overprinted by folding. Many of these rock types and alteration styles are analogous to exhalative style deposits in Western Canada. The combination of age of strata, rock types, geochemical trends, alteration and mineralization is suggestive of a deformed and remobilized sediment-hosted exhalative (sedex) environment.

Property position expanded

Additional lands have been acquired contiguous to the Indy claims. The property now covers approximately 24 km of strike along favourable stratigraphy.

                              INDY B.C. -- DRILL HOLE INTERSECTIONS
                                                                                                                       
                   From     To   Int.    Zinc    Lead      Silver    ZnEq  Depth below         Estimated
Drill hole (HQ)      (m)    (m)    (m)     (%)     (%)       (g/t)     (%)  surface (m) core recovery (%)

IB18-001          38.41  39.50   1.09    2.74    0.37        5.10    3.11           31                96
IB18-002          35.96  40.24   4.28    4.49    1.13        7.32    5.46           27                37
and               41.77  47.15   5.38    2.24    0.83        5.23    2.95           33                40
and               49.39  53.96   4.57    3.50    0.66        4.59    4.07           37                65
IB18-003          25.00  28.05   3.05    9.26    2.43       17.98   11.38           23                41
includes          25.00  26.52   1.52   16.11    4.08       32.50   19.72                             16
IB18-004          22.26  23.75   1.49    2.06    0.48        3.60    2.48           23                43
IB18-005        Pending
IB18-006          49.97  53.96   3.99    3.88    1.34        8.91    5.03           29                75
includes          51.10  52.44   1.34    8.31    2.80       18.10   10.71                             67
and              104.27 105.79   1.52    2.96    0.42        2.32    3.31           63               100
includes         104.27 104.70   0.43    9.30    1.24        6.72   10.34                            100

Note: True widths are unknown. 

ZnEq calculation: No metallurgical studies have been completed and assumes 100-per-cent metallurgical 
                  recovery using Zn prices at $1.10/lb, Pb at 80 cents/lb and Ag at $15/oz -- all U.S.
                  dollars. The intersections in IB18-002 are separated by lost core/no recovery.

 
   INDY B.C. -- DRILL HOLE SUMMARY DATA
                                                                        
2018 DDH                  Zone  Hole depth

IB18-001       Anomaly B South      117.68
IB18-002                            104.27
IB18-003                            101.22
IB18-004                            101.52
IB18-005                            112.50
IB18-006                            140.85
IB18-007                            170.12
IB18-008                             83.23
IB18-009                            103.96
IB18-010                            110.06
IB18-011       Anomaly B North      125.61
                     Total (m)    1,271.02

About Inzinc Mining Ltd.

Inzinc is focused on growth in zinc through exploration and expansion of the advanced-stage West Desert project (100 per cent) in Utah and exploration of the early-stage Indy project (100-per-cent option) in British Columbia. West Desert has a large underground resource open for expansion and has district-scale exploration potential. A West Desert preliminary economic assessment completed in 2014 forecasted 1.6 billion pounds of zinc production over 15 years. Byproducts would include copper, magnetite and indium, the latter being identified by the United States in 2017 as a critical mineral.

Qualified person

Brian McGrath, BSc, PGeo, a qualified person as defined in National Instrument 43-101, has approved the technical content of this news release.

Quality assurance/quality control

Drill core was collected from the drill site and delivered to the Indy camp by Inzinc staff. The core was logged, sample intervals were outlined and photographic records were collected. Core samples were split using a diamond saw at the camp with one-half of the core submitted for assay and the other half stored in wooden core boxes on site. The sawn core was bagged in individually marked plastic sample bags and shipments were compiled in labelled rice bags. Core shipments were delivered by Inzinc contract geologists to Bandstra Transportation Systems Ltd. in Prince George, B.C., for furtherance to MS Analytical Services in Langley, B.C., Canada, for analysis. Samples were prepared by MS Analytical and analyzed by ICP-AES and ICP-AES/MS. In addition to the labs QA/QC procedures, Inzinc inserted a standard, blank or field duplicate every 10th sample. The results from the QA/QC samples were within industry norms.

We seek Safe Harbor.