Mr. Steve Williams reports

PASINEX RESOURCES RELEASES DRILLING RESULTS FROM ITS PINARGOZU ZINC-LEAD PROJECT IN ADANA PROVINCE, TURKEY

Pasinex Resources Ltd. has provided an update on exploration drilling at its Pinargozu mine in Adana, Turkey, where Pasinex has a 50:50 joint venture with Turkish mining company Akmetal AS in the Horzum AS joint venture company.

Since the last news release in this regard (Nov. 12, 2014), Horzum AS has drilled 13 diamond boreholes and 18 percussion boreholes for an aggregate of 1,058 diamond drilling metres and 655 percussion drilling metres respectively.

Steve Williams, chief executive officer of Pasinex Resources, states: "I am pleased to report the latest results from Pinargzou drilling where we have two holes with good zinc intercepts and, more importantly, in a new area of mineralization. There are, however, a number of holes we have drilled that have been unsuccessful. This reflects the complex structure of the mineralization and has led us to the understanding that this type of mineralization will require a lot of drilling. The grades and widths are very encouraging and will enable us to continue our mine development."

The results of the diamond drilling are summarized in the attached table.

          PINARGOZU SURFACE DIAMOND DRILL HOLE STATUS 
                      Feb. 12, 2015
                                                            

           Final     From     To      Int.    Zn%   Recovery
Hole No.   depth      (m)     (m)      (m)   (SGS)   (%)

PPS14_007   176.0   No significant results                          
PPS14_008   174.1   144.85   174.00   29.15   21.1   73.6
including           150.25   165.45   15.20   31.4   65.1
PPS14_009   200.5   No significant results                              
PPS14_010   200.0   No significant results                              
PPS14_011   173.3   153.00   161.70    8.70   24.6   71.5
including           153.00   158.00    5.00   47.7   58.6
PPS15_002   18.0   No significant results                              
                                                                                                              
Holes completed since Nov. 12, 2014: six               
Total depth: 941.9  (total metres from surface)                       
                                                                                                              

  PINARGOZU UNDERGROUND DIAMOND DRILL HOLE STATUS 
                    Feb. 12, 2015
                                                                


Hole No.     Final depth   From (m)     To (m)   Interval (m)  Zn% (XRF)   Recovery

PPU14_017        50.0      No significant results                             
PPU14_018        66.0      No significant results                             

Note: Some XRF results outstanding                 
Holes completed since Nov. 12, 2014: 2    Final depth: 116.00 (total u/g metres)                                 
                                                                                                             

Zinc grades reported in the table are those reported for analyses undertaken by the SGS Geochemical Laboratory in Ankara. The following conclusions are drawn from the results of this drilling:

1. A new volume of ore-grade zinc mineralization has been intersected in two diamond boreholes approximately 20 metres to the east of existing mining operations.
2. The new mineralization is open in all directions toward the surface and at depth (toward the north and toward the south).
3. Low core recoveries recorded in the ore-grade intervals are the result of either karstic cavities or friable material removed by drill water -- the latter of which can be of ore- or subore grade.
4. It is not yet clear whether this mineralization volume is a splay off known mineralization, or part of a discrete ore panel.

With three diamond drills now operational, future drilling will concentrate on finding resources and demarcating reserves to support a 50-ton-per-day mining operation for at least two years. This will involve siting holes to test the inferred ore panels, as well as delimiting, in all directions, the newly discovered ore. Clinton Smyth, PGeo, and vice-president of exploration for Pasinex, is the qualified person as defined by National Instrument 43-101 who has verified the written disclosure of all scientific and technical information in this news release.

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