Dr. Graham Carman reports

TINKA ANNOUNCES OVERSUBSCRIPTION AND CLOSING OF PRIVATE PLACEMENT FINANCING

Further to Tinka Resources Ltd.'s news release of April 13, 2015, the company's private placement financing has closed oversubscribed. The company has issued 33,737,093 units at a price of 21.5 cents per unit for gross proceeds of $7,253,475. Each unit comprises one common share of Tinka, and 0.375 of one 2.5-year share purchase warrant and 0.375 of one five-year share purchase warrant. Each whole warrant is exercisable to acquire one additional common share of Tinka at a price of 30 cents up to and including Nov. 29, 2017, as to the 2.5-year warrants, and at a price of 45 cents up to and including May 29, 2020, as to the five-year warrants. All securities issued under the private placement are subject to a four-month hold period expiring on Sept. 30, 2015. Under the private placement, International Finance Corp. (IFC), a member of the World Bank Group, acquired 20,930,232 units for gross proceeds of $4.5-million. As a result, IFC has become a new shareholder of the company, holding approximately 14.0 per cent of the issued and outstanding share capital of Tinka on an undiluted basis. In addition, IFC has the right to acquire up to 15,697,674 additional warrant shares from the exercise of warrants issued in connection with the units forming part of the private placement.

In addition, Sentient Global Resources Fund IV LP, an insider of Tinka, acquired 9,302,326 units under the private placement for gross proceeds of $2.0-million. Sentient IV beneficially owns, or exercises control or direction over, 32,144,223 Tinka shares or approximately 21.46 per cent of the issued and outstanding Tinka shares and warrants, entitling Sentient to acquire up to an additional 17,642,199 Tinka shares.

Also under the private placement, Tinka issued 3,504,535 units to subscribers as part of a president's list financing for gross proceeds of $753,475. Tinka has issued to a finder 47,500 finder's units as a finder's fee in connection with certain of the subscriptions made under the president's list, each unit having the same terms as the units issued under the private placement.

The net proceeds from the private placement will be used to advance Tinka's exploration efforts at Ayawilca and Colquipucro, Peru, and for general working purposes.

Dr. Graham Carman, president and chief executive officer of Tinka, stated: "I am very pleased to welcome IFC as a new shareholder and insider of Tinka. We look forward to working with IFC as we advance our exploration programs at Ayawilca. The partnership with IFC will also ensure that Tinka adheres to world-best standards with respect to health, safety, environment and community. I also wish to thank the Sentient Group for their continued support of the company.

"We look forward to starting a 10,000-metre drill program at Ayawilca in July. The aim of the drill program is to substantially increase the existing inferred mineral resource estimate (13.3 million tonnes at 7.7 per cent zinc equivalent -- see news release, Feb. 26, 2015). An IP [induced polarization] geophysical survey is now in progress, designed to prioritize some of the deeper drill targets outside of the resource areas. This survey will be completed by the end of June."

About IFC

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. Working with private enterprises in about 100 countries, IFC uses its capital, expertise and influence to help eliminate extreme poverty and boost shared prosperity. In fiscal year 2014, IFC provided more than $22-billion in financing to improve lives in developing countries and tackle the most urgent challenges of development. For more information, visit the IFC website.

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