Mr. Wayne Hubert reports

INZINC ANNOUNCES FIRST TRANCHE CLOSING OF PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $3.14 MILLION (ALL DOLLARS IN CANADIAN DOLLARS)

Inzinc Mining Ltd. has completed the first tranche closing of its non-brokered private placement for gross proceeds of $3,148,000. The offering, previously announced in Inzinc's news releases dated Nov. 17, 2017, and Nov. 23, 2017, will now consist of up to 36.45 million units at a price of 10 cents per unit, each unit consisting of one common share of the company and one-half of one common share purchase warrant. Each full warrant will entitle its holder to acquire one common share at an exercise price of 15 cents for a period of 24 months from completion of the financing. Under the first closing, Inzinc issued 31.48 million units. The company paid finders' fees in cash of $145,210 and issued common share purchase warrants to purchase up to 1,437,100 common shares, such finders' warrants having the same terms as the warrants.

Insiders, each being a related party of the company (as such term is defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions), have subscribed for a total of two million units, as follows: Wayne M. Hubert (chief executive officer and a director of the company) for 750,000 units; Louis Montpellier (a director of the company) for 500,000 units; and John Murphy (a director of the company) for 750,000 units. The company relied upon exemptions from the valuation and minority shareholder approval requirements of MI 61-101 available pursuant to sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the company is not listed on a senior specified stock exchange and the fair market value of the participation in the private placement by insiders will not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101.

All securities issued under the private placement are subject to a four-month hold period expiring on April 15, 2018.

The second closing of the financing is expected to occur on or around Dec. 20, 2017, and is subject to all regulatory approvals, including the approval of the TSX Venture Exchange. The securities issued in connection with the financing will be subject to a four-month hold period from the date of closing in accordance with applicable securities legislation.

The net proceeds from the financing will be used for advancement of the company's exploration projects and for general corporate purposes.

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. Indy comprises both near-surface exploration targets and regional discovery potential.

We seek Safe Harbor.