Mr. Wayne Hubert reports

INZINC ANNOUNCES A LARGE NEW ZINC TARGET EMERGING AND ANOMALY B ROAD ACCESS COMPLETED AT INDY SEDEX PROJECT, CENTRAL BC

Inzinc Mining Ltd. has released initial results from phase 1 exploration activities at the Indy Sedex project in central British Columbia where high-grade Sedex-type zinc mineralization was discovered by geochemical (soil) prospecting and follow-up drilling in 2018.

New, large zinc target emerging

Initial results, from 817 (58 per cent) of the 1,419 soils collected in the phase 1 program are returning strong soil responses in the area located between Anomaly C and the Delta Horizon target. To date, results show strong, coincident, multielement (zinc, lead, barium), multistation soil responses over 1.1 kilometres of the seven-kilometre Main trend at Indy. Results are pending to the north of the new target area -- which remains open for expansion.

Numerous samples have returned 800 to 1,000 parts per million zinc with highs up to 3,700 ppm (0.37 per cent). Barium in soil, coincident with zinc responses, is very strong relative to other targets (ranging from 2,000 ppm to exceeding detection limits of analysis at 10,000 ppm or 1 per cent). This continuous and linear trend of multielement soil response is consistent with stratigraphic or contact related mineralization, possibly associated with a distal Sedex environment.

"We are very pleased with these strong results which are emerging in a new area situated between Delta Horizon and Anomaly C -- two of the other large untested targets already developed at Indy. With this expansion of drill target locations, improvements to road access and extension of permits, Inzinc is in a good position to possibly extend exploration activities throughout the fall or winter as we await the funds from the American West IPO," commented Wayne Hubert, chief executive officer of Inzinc. "Indy is developing into a very prospective project with numerous, extensive Sedex-type zinc targets and the potential for significant regional-scale discoveries."

Anomaly B -- road access completed

The company has completed, in conjunction with third parties, road access to Anomaly B. The program included a bridge and three stream crossings and significant upgrades to existing roads to allow industrial scale traffic. A 50-person camp facility is located 15 kilometres by road from Anomaly B. The operator of the camp facility is planning expansion and preparation for winter operations.

Indy exploration permits extended

Inzinc's multiyear exploration permit (MYAB) for drilling has been extended by the B.C. Ministry of Mines, Energy and Low Carbon Innovation, for a further two years, now expiring in December, 2023.

The company is preparing the Indy Sedex project for a drill program to commence between the fall and early spring, contingent on funds received from the recent option agreement on the West Desert project in Utah.

About Inzinc Mining Ltd.

Inzinc is focused on growth through exploration and advancement of its interest in multiple North American base metals projects. The road-accessible Indy project (100-per-cent earn-in), located in central British Columbia, comprises discoveries of near-surface mineralization and large untested exploration targets along a 25-kilometre-long trend with potential for the discovery of a new regional-scale zinc belt. The West Desert option (100-per-cent option to American West Metals) provides significant cash payments and continuing leverage through ownership in American West Metals as it finances the advancement of the West Desert project to prefeasibility (planned in Q3 2023), and the Storm copper and Copper Warrior projects in North America. In addition, upon exercise of the West Desert option, Inzinc will receive 50 per cent of the revenue from the sale of indium mined from West Desert.

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