Mr. Wayne Hubert reports

INZINC TO EXPLORE NEW NICKEL-COBALT-COPPER AND ZINC TARGETS IN 2023 AT INDY PROJECT, BC

Inzinc Mining Ltd. is pleased to outline the 2023 exploration program at the Indy project (100-per-cent interest), located 100 kilometres (km) southeast of Prince George in central British Columbia. The fully financed, two-phased 2023 program will follow up on the discovery of nickel-cobalt-copper mineralization intersected in the 2022 drill program and several new geochemical anomalies highlighted in the area as a result of the discovery. The upcoming program will also focus on large, untested zinc targets identified by previous geochemical and geophysical surveys.

Phase 1 will focus on groundwork on five targets -- three new nickel-cobalt-copper targets and two zinc targets -- in the northern area of the seven-kilometre main trend. Groundwork, including soil profiling, sampling, mapping and access requirements, is necessary to further evaluate and prioritize the targets. Phase 2 will drill priority targets outlined in phase 1 and elsewhere on the property. The company will commence phase 1 exploration in mid-June, with phase 2 drilling anticipated in July to August.

Nickel-cobalt-copper targets:

• Keel Red: In 2022, drill hole IB22-020 (news release dated Jan. 25, 2023), exploring between the Keel and Echo Central geochemical targets, intersected 27.1 metres (m) of buried oxide material starting at 47.3 m downhole and averaging 0.67 per cent zinc and 0.13 per cent nickel. Named Keel Red, the upper part of the core interval (from 47.3 m to 55.0 m) also returned 0.11 per cent copper over 7.8 m. Additionally, the 27.1 m interval returned cobalt content averaging 163 parts per million (ppm), with values up to 962 ppm (0.10 per cent) over a one-metre core length.
• TJ: The new TJ target, located 425 m west of Keel Red, comprises a 500-metre-long, high-contrast (more than 95 percentile), coincident nickel-cobalt-copper-in-soil signal.
• Delta Ni (nickel): The new Delta Ni target, located 100 m east of the Delta Horizon, comprises a 600-metre length of high-contrast (more than 95 percentile), coincident nickel-cobalt-copper-in-soil signal.

Zinc targets:

• Echo: The 1.9-kilometre-long Echo target is a continuous high-contrast, multielement (zinc (Zn), lead (Pb), barium (Ba), plus or minus arsenic (As) and copper (Cu) signatures) soil geochemical anomaly discovered in 2021.
• Delta Horizon: The 1.5-kilometre-long Delta Horizon target, a high-contrast, multielement soil geochemical anomaly defined by distinctive Sedex pathfinder elements and rock exposures, was discovered in 2019.

The company is fully financed for the planned groundwork and drilling program during 2023. Expenditures are eligible for a 30-per-cent rebate under the British Columbia mineral exploration tax credit (BCMETC).

About Inzinc Mining Ltd.

Inzinc is an active explorer and, through its Indy project (100-per-cent interest), equity and royalty interests, is exposed to a diverse portfolio of active North American base metals and precious metals projects. Since the 2018 discovery of high-grade, near-surface mineralization at the Indy project, Inzinc has outlined over 10 kilometres of high-quality exploration base and precious metals targets and has expanded its mineral tenure to 200 square kilometres in a new and unexplored mineral region of central British Columbia, Canada. In late 2021, a Canadian subsidiary of South32 (Australian Securities Exchange, London Stock Exchange and Jamaica Stock Exchange) became a major tenure holder in the belt by staking approximately 200 square kilometres of adjacent claims. Inzinc has a significant equity investment in American West Metals, which is advancing multiple North American base metals projects. In addition, Inzinc has a production royalty and will receive 50 per cent of the revenue (NSR (net smelter return)) from the sale of indium mined from American West's West Desert project.

Qualified person

Brian McGrath, BSc, PGeo, a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects, has approved the technical content of this news release.

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