Mr. Mike Wilson reports

NEVADA ZINC ANNOUNCES PRIVATE PLACEMENT FINANCING

Nevada Zinc Corp. plans to raise up to $500,000 in a non-brokered private placement financing.

The financing will consist of an issue of up to 12.5 million units priced at four cents per unit. Each unit will consist of one common share and one common share purchase warrant, with each warrant exercisable for a common share at 10 cents for a period of 18 months from the date of issuance.

The net proceeds from the financing are expected to be used to finance the company's Lone Mountain zinc project, and for general corporate and working capital purposes.

All common shares issued in connection with the financing will be subject to a statutory hold period of four months plus a day from the date of issuance. The company may pay a finder's fee to eligible finders. The offering is subject to the approval of the TSX Venture Exchange and is anticipated to close in September, 2023.

About Nevada Zinc Corp.

Nevada Zinc is a development-stage company focused on the production of zinc-based products, including zinc oxide and zinc-based micronutrient fertilizers, from its Lone Mountain zinc deposit in Nevada. The company will be focused on completing project studies for the remainder of 2023 and 2024, in addition to concurrently beginning the permitting process for a zinc oxide production plant adjacent to the Lone Mountain deposit.

We seek Safe Harbor.