Mr. James Walchuck of Zinc One reports

ZINC ONE ANNOUNCES FORRESTER REPAYS DEBTS DUE ON APRIL 28, 2017

Forrester Metals Inc. has repaid its matured debt that was due on April 28, 2017, in the amount of $910,225, which amount includes the portion of the 12 per cent convertible debentures that were not converted to shares under the plan of arrangement and two shareholder loans. The funds to repay these matured debts were advanced by Zinc One Resources Inc. pursuant to the terms of a short-term loan agreement to provide bridge funds in advance of closing of the plan of arrangement. The loan has a maturity date of Aug. 31, 2017, with interest compounded at an annual rate of 2 per cent. Zinc One and Forrester plan to close the plan of arrangement in early May once the $10-million Zinc One private placement financing has closed and regulatory approvals have been received. The plan of arrangement between Forrester and Zinc One was overwhelmingly approved by Forrester shareholders, and the Ontario Superior Court of Justice issued a final order approving the transaction (see press releases of April 25, 2017, and April 27, 2017).

About Zinc One Resources Inc.

Zinc One is a Vancouver-based company focused on the acquisition, exploration and development of prospective and advanced zinc projects. Zinc One believes in the current and future fundamentals of the zinc supply and demand scenario and the continued growing demand for zinc in global industrial uses.

About Forrester Metals Inc.

Forrester Metals is a Canadian mining company focused on the exploration and development of Peru's mineral potential. Forrester has six projects, including two zinc properties: Azulcocha West and the Bongara zinc mine and the Charlotte Bongara zinc project.

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