Mr. Wayne Hubert reports

INZINC COMMENCES 2023 NICKEL-COBALT-COPPER AND ZINC EXPLORATION AT INDY PROJECT, BC

Inzinc Mining Ltd. has commenced phase 1 of a two-phased, 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 program will explore multiple new nickel-cobalt-copper targets highlighted as a result of the Keel Red (nickel-cobalt-copper) discovery in 2022 and continue to advance large zinc targets identified by previous geochemical and geophysical surveys.

2023 priority exploration targets

The phase 1 program consists of detailed groundwork to evaluate multiple new nickel-cobalt-copper targets and advance two large zinc targets in the northern area of the seven km Main trend. Groundwork includes detailed geological mapping, soil profiling, sampling and access determinations to prioritize the targets for drill testing in phase 2. The company has signed a contract for reverse circulation drilling services and expects to commence phase 2 (drilling) in August.

Keel Red target (nickel-cobalt-copper)

In 2022, drill hole IB22-020 (news release Jan. 25, 2023) intersected 27.1 metres of buried oxide material starting at 47.3 m down hole and averaging 0.67 per cent zinc and 0.13 per cent nickel. The upper part of the core interval (from 47.3 m to 55 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 with values up to 962 ppm (0.10 per cent) over a one m core length. Phase 1 will evaluate proximal geochemical and geophysical responses and potential primary sources of the nickel-cobalt-copper mineralization intersected at Keel Red.

TJ target (nickel-cobalt-copper)

The new TJ target, located 425 m west of Keel Red, comprises a 500 m long, high-contrast (greater than 95 percentile), coincident nickel-cobalt-copper in soil signal.

Delta Ni target (nickel-cobalt-copper)

The new Delta Ni target, located 100 m east of the Delta Horizon, comprises a 600 m length of high-contrast (greater than 95 percentile), coincident nickel-cobalt-copper in soil signal.

Echo target (zinc)

The 1.9 km long Echo target is a continuous high-contrast, multielement (zinc, lead, barium, plus/minus arsenic and copper signatures) soil geochemical anomaly discovered in 2021.

Delta Horizon target (zinc)

The 1.5 km long Delta Horizon target, a high-contrast, multielement soil geochemical anomaly defined by distinctive sedex (sedimentary exhalative) pathfinder elements and rock exposures, was discovered in 2019.

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 km of high-quality exploration base and precious metals targets and has expanded its mineral tenure to 200 square km in a new and unexplored mineral region of central British Columbia, Canada. In late 2021, a Canadian subsidiary of South32 became a major tenure holder in the belt by staking approximately 200 square km 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) from the sale of indium mined from American West's West Desert project.

We seek Safe Harbor.