Mr. Steve Williams reports

PASINEX RESOURCES ANNOUNCES NINE MONTH 2015 FINANCIAL RESULTS

Pasinex Resources Ltd. has released its financial results for the nine months ended Sept. 30, 2015. The company's condensed interim consolidated financial statements and management discussion and analysis (MD&A) for the period have been filed with SEDAR and are available on the company's website. This news release should be read in conjunction with the company's financial statements and MD&A. All dollar amounts are Canadian unless otherwise indicated.

Steve Williams, president and chief executive officer of Pasinex, commented on the results of the company's Horzum AS joint venture which forms a part of the Pasinex third quarter financial results: "For the second quarter in a row, the joint venture company in Turkey has recorded another profitable quarter with a net profit margin for the year of a little over 25 per cent. This is a significant achievement for the company at such an early stage. The increase is due primarily to the rise in tonnes produced per day -- 40 tonnes per day to as high as 60 tonnes per day. The resulting cash flow is funding the development and exploration program there, where we are targeting a much bigger zinc resource. We are well on our way to building the Horzum AS joint venture company and Pasinex into a small, but strong zinc producer and we are confident these positive results will continue."

Financial statement highlights of the Horzum AS joint venture company ended Sept. 30, 2015

• Sales: high-grade direct shipping of zinc mineral product from Pinargozu mine totalled at least 12,428 tonnes (wet weight) assaying plus 30 per cent zinc (Zn); subsequent to this date the company has sold another 1,215 tonnes (wet weight) of product (news release dated Oct. 16, 2015) and 1,478 tonnes (wet weight) (news release dated Nov. 26, 2015);
• Gross sales: $3,301,159 for the nine months ended Sept. 30, 2015;
• Net income: $835,578 for the nine months ended Sept. 30, 2015;
• Balance sheet: total assets of $5,427,828.

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