Mr. Wayne Hubert reports

INZINC ANNOUNCES CLOSING OF PRIVATE PLACEMENT FOR TOTAL GROSS PROCEEDS OF $3.5 MILLION

Inzinc Mining Ltd. has closed the second tranche of its previously announced non-brokered private placement for additional gross proceeds of $350,000. As announced in its previous news release dated Dec. 15, 2017, the company closed the first tranche of the offering and raised gross proceeds of $3,148,000, bringing the total raised in both tranches to $3,498,000.

"Completion of the financing is a positive sign of the support the company and its projects have from its shareholders and the investment community," stated Wayne Hubert, chief executive officer of Inzinc. "With a strong balance sheet, we are ready to move forward exploring and developing our zinc projects in 2018."

Pursuant to the second tranche of the offering, the company issued a total of 3.5 million units (for a total of 34.98 million units in both tranches) 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 the date of issuance of the warrant.

All securities issued in connection with the second tranche of the offering are subject to a statutory four-month hold period expiring on April 21, 2018.

The company paid finders' fees in cash of $37,450 (for a total of $182,560 in both tranches) and issued common share purchase warrants to purchase up to 388,500 common shares (for a total of 1,825,600 in both tranches), such finders' warrants having the same terms as the warrants.

As disclosed in the company's previous news release dated Dec. 15, 2017, certain directors and officers of the company participated in the offering for $200,000.

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

Grant of stock options

Inzinc announces the grant of incentive options to certain directors, an officer and key project consultants to purchase a total of 1.3 million common shares of the company for a period of three years at an exercise price of 13 cents per share effective Dec. 20, 2017. These options will vest over the next 12 months.

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.