Mr. Steve Williams reports

PASINEX'S DRILLING SUCCESS AT PINARGOZU ZINC-LEAD PROJECT, TURKEY, CONFIRMS CONTINUITY OF HIGH-GRADE MATERIAL

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

Steve Williams, chief executive officer of Pasinex Resources, stated: "This is an exciting time for Pasinex. Drill results from our Pinargozu mine project continue to cut high-grade zinc mineralization. Several holes intercepted mineralization ranging between 19.5 per cent up to 36.5 per cent zinc. What is particularly encouraging is that these intercepts are all emerging as a new northeast extension, where drilling previously cut 35.5 metres of 37.7 per cent zinc (see news release from March 25 earlier this year). We now have a number of intercepts in this area that enable us to start to work in-house on estimating a resource in this area. In the meantime, drilling continues on Pinargozu and most importantly on the nearby Akkaya exploration project which also lies along the main mineralizing trend. We expect to report on Akkaya during the summer months."

Since the last news release in this regard (March 25, 2015), Horzum AS has completed 14 diamond bore holes at the Pinargozu mine for an aggregate of 1,534 metres of drilling.

Underground development at the Pinargozu mine continues with the objective of ramping up production. Mine production of high-grade direct shipping material has continued through all of 2015. The production rate for 2015, through to end of April, averaged 29 tonnes per day or approximately 2.4 million pounds of zinc, year to date. The mined material has all been moved from the mine site to a warehouse in Adana (owned by Akmetal AS). There, it is crushed, sized and stored pending final sale. The joint venture company Horzum AS (50/50 Pasinex and Akmetal AS) has increased the work force at the Pinargozu mine site this year from around 35 people on site to over 50 people. The staff increase will assist with production from the underground mine. The immediate task is to carry out more drifting underground and mine development in general that will open up more galleries to access, mine and then transport the mined direct shipping material for ultimate sale. All of this work will feed into a maiden and compliant resource report that will be made available later next quarter. The results of this drilling are summarized in the attached tables.

       PINARGOZU SURFACE DIAMOND DRILL HOLE STATUS 

Hole No.   From (m) To (m) Interval (m) Zn % (SGS) Recovery (%)

PPS15-007      113  117.8          4.8      21.67           90
             123.2  126.3          3.1       3.97           94
             133.5  135.3          1.8       5.93           86
             159.7    161          1.3       7.30          100
PPS15-008    No significant results
PPS15-009    No significant results
PPS15-010    113.5  116.5            3      30.96           16
             118.5    124          5.5      13.56           63
PPS15-011     57.2   62.2            5       7.49           93
             126.6  129.5          2.9       8.86           97
PPS15-012     60.8   63.6          2.8      36.01           73
              65.8     73          7.2      19.54           62
PPS15-013       72     74            2      36.50           85
                89     91            2      35.35           96
              93.7    106         12.3      26.57           69

    FURTHER PINARGOZU UNDERGROUND DIAMOND DRILL HOLE STATUS 

Hole No.      From (m)  To (m)  Interval (m)  Zn % (SGS) Recovery (%)

PPU15-005     No significant results
PPU15-006     No significant results
PPU15-006B    No significant results
PPU15-007     No significant results
PPU15-008B    No significant results
PPU15-009     Narrow mineralized intervals -- XRF results
PPU15-010     No significant results

The following conclusions are drawn from the results of this drilling:

1. Mineralization intersected in recent boreholes has confirmed continuation of high-grade zinc mineralization to the northeast and to the north at Pinargozu, which is accessible from existing workings.
2. Continuity of mineralization identified in boreholes PPS15-010 to PPS15-013 is very important since these holes were targeting the mineralized zone from a different angle and from a different drill site than that used for previous holes.
3. From a total of seven surface drill holes completed since the previous press release, five intersected inferred extensions of the mineralized zone previously reported for PPS15-004 and PSS14-008 and situated to the northeast of recent underground development at Pinargozu mine.
4. Results listed in the attached tables include a 12.3-metre intersection in borehole PPS15-013 grading 26.6 per cent zinc and 19.5 per cent zinc over a 7.2-metre interval in PPS15-012 and a 4.8-metre intersection grading at 21.7 per cent zinc in borehole PSS15-007.

Clinton Smyth, PGeo, 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.

We seek Safe Harbor.