Mr. Wayne Hubert reports

INZINC REPORTS NUMEROUS BARITE INTERSECTIONS AT INDY AND PROVIDES CORPORATE UPDATE

Inzinc Mining Ltd. has provided an update on abundant barite intersections from 2023 exploration drilling located four kilometres north of the B-9 sedex-style (sedimentary exhalative) mineralization at the Indy project (100-per-cent interest) in central British Columbia. Barite is an important mineral found in abundance at the world's largest zinc deposits. With this barite discovery at Indy, numerous additional surface and drill samples peripheral to and beyond the 2023 drilling area have also been submitted for barium analysis. These results are anticipated in late March.

Inzinc is well positioned to fully finance financially prudent exploration programs and is focused on maximizing funds into the ground.

Barite and large, western North American zinc deposits

Barite mineralization is present in many, if not all, of the large sediment-hosted zinc (termed sedex) deposits in western North America. Barite is an ore component of these zinc deposits and/or is found very nearby along the same geological horizon. For example, the world's largest barite deposit, estimated at one billion tonnes, also contains one of the world's highest-grade zinc deposits (U.S. Geological Survey, 2004) located at the Red Dog mine in northwestern Alaska.

The discovery of barite has contributed to numerous sedex discoveries. Once barite is identified, its location and distribution can provide vectors along distinctive geological horizons, leading toward the discovery of these large zinc deposits.

Barite at Indy

Barite mineralization is present in seven of the nine shallow reverse circulation (RC) holes drilled in 2023 (see attached table). Notably, intersections are located at or below a shale-to-debris-flow geological contact (horizon), which is a common feature in sedex zinc deposits. The strongest and most widespread barite mineralization was intersected at the Keel target.

Highlights are included in an attached table.

In sedex deposits, barite mineralization with even low levels of zinc enrichment may signify the presence of a potential zinc deposit located along trend and on the same horizon. An intersection in drill hole IRC23-001 at the Keel target highlights this potential:

• 10.0 per cent barite and 0.67 per cent zinc over 4.6 metres in IRC23-001.

At the Delta horizon target, located one kilometre northwest of Keel, rock sampling in 2019 returned 5 per cent to 25 per cent barite in samples across a 1.5-kilometre-long high-contrast multielement (zinc, lead and barium) soil sample anomaly. The geology of the Delta Horizon target is similar to Keel, with barite mineralization occurring at a shale-to-debris-flow sedimentary geological contact.

Additional results, anticipated in late March, will provide further insight into the distribution of barite mineralization at the Keel and Delta targets and relationships to the 450-metre-long B-9 sedex-style mineralized trend, which is located four kilometres to the south and remains open for expansion. Inzinc is currently renewing its drill permit for a five-year term at Indy. In late 2023, South32 renewed the mineral claims comprising its large land position adjoining the Indy claims.

Corporate update and outlook:

• The company's current market capitalization is approximately $1.9-million.
• The company's current 2024 working capital position is estimated at approximately $1.8-million.
• In addition, Inzinc holds 7,163,698 shares of Australian Securities Exchange listed American West Metals. American West recently announced a $10-million (Australian) financing and a planned 22,000-metre drilling program at the Storm copper project in North America.
• Inclusive of the American West share, Inzinc's current total working capital is estimated at approximately $2.5-million.
• The most recent equity financing by the company was completed three years ago (February, 2021) for total gross proceeds of $200,000.
• Inzinc also holds a royalty (50-per-cent net smelter return royalty) on indium production from American West's West Desert in Utah. In December, 2023, American West announced a maiden (Joint Ore Reserves Committee) indium resource at West Desert (see American West's website for details).

About Inzinc 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 metal and precious metal projects. The company has discovered and continues to explore for expansion of near-surface zinc mineralization at the easily accessible Indy project located in a new and underexplored mineral region of central British Columbia, Canada. A Canadian subsidiary of South32 became a major tenureholder in the belt by staking approximately 200 square kilometres of adjacent claims in late 2021. Inzinc has a significant equity investment in American West Metals, which is advancing multiple North American base metal projects. In addition, Inzinc has a production royalty and will receive 50 per cent of the revenue (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.

Quality assurance/quality control

Riffle-split reverse circulation rock chips were collected from the drill sites and delivered to the Indy camp by Inzinc staff. The chip trays were logged and selected assay sample intervals were outlined. Each chosen sample measured approximately 1.53 metres or the equivalent of a five-foot RC drill rod. An XRF (X-ray fluorescence) hand-held analyzer was utilized in the field, photographic records were collected, and the chip trays were kept and stored. The lab samples were bagged in individually marked plastic sample bags and shipments were compiled in labelled rice bags. Sample shipments were delivered by Inzinc contract geologists to Bandstra Transportation Systems Ltd. in Prince George, B.C., for furtherance to MSALABS in Langley, B.C., Canada for analysis. Samples were prepared by MSALABS and analyzed by ICP-AES multielement and select whole-rock analysis (0.15 gram, lithium metaborate fusion, ICP-AES). In addition to the labs' QA/QC procedures, Inzinc inserted blind standards and/or blanks within every shipment. The results from the QA/QC samples were within industry norms.

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