Mr. Mark Haywood reports

SCOZINC ANNOUNCES A RESCHEDULING OF ITS 2019 FINANCIAL RESULTS AND A CHANGE TO THE TERMS OF ITS NON-BROKERED PRIVATE PLACEMENT CAUSED BY COVID-19

As a result of the COVID-19 pandemic, the Ontario Securities Commission has provided relief in respect of certain securities filing requirements, and Scozinc Mining Ltd. will postpone its 2019 annual financial statements and associated management's discussion and analysis (MD&A).

The president and chief executive officer, Mark Haywood, stated: "In response to personnel safety concerns and logistical challenges caused by the COVID-19 pandemic, we are postponing the filing of our MD&A and audited annual financial statements for the year ending Dec. 31, 2019. Management believes that due to the various state of emergencies declared across Canada, including Nova Scotia, British Columbia and Ontario, where we operate, and the associated restrictions imposed on our teams, we must delay our audit work to protect our work force and the independent auditors to the greatest extent possible."

This announcement is in connection with an Ontario Securities Commission (OSC) order under Ontario Instrument 51-502 dated March 23, 2020, pursuant to which all issuers required to make certain Ontario securities filings between March 23, 2020, and June 1, 2020, have an additional 45 days to make such filings from the deadline otherwise applicable to make such filings.

Scozinc will file its financial statements and MD&A as soon as possible, and in any event within the 45-day relief period provided by OI 51-502. The company also confirms that its management and insiders are subject to an insider trading blackout policy that reflects the principles set out in Section 9 of National Policy 11-207.

Additionally, the company notifies a change to the terms of its March 19, 2020, announced proposed non-brokered private placement of units of the company for aggregate proceeds of up to $500,000. The terms of the offering have been revised to consist of the sale of up to 1,666,667 units at a price of 30 cents per unit. Each unit will consist of one common share of the company and a common share purchase warrant. Each full warrant is exercisable into a common share at a price of 50 cents per common share for 24 months following the closing of the offering. The company shall have the opportunity to increase the size of the offering by up to an additional $500,000. All securities issued pursuant to the offering will be subject to a four-month-and-one-day hold period applicable under Canadian securities laws.

Certain directors, officers and other insiders of the company are expected to acquire securities under offering. Such participation of the insiders in the offering would be considered to be a related party transaction as such term is defined in Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company intends to rely on certain exemptions available under MI 61-101 in respect to the anticipated participation of the insiders in the offering from the formal valuation and minority shareholder approval requirements of MI 61-101.

The offering is subject to the TSX Venture Exchange approval.

Qualified investors interested in participating in the private placement are encouraged to contact the company at info@ScoZinc.com.

About Scozinc Mining Ltd.

Scozinc is a Canadian development company that has full ownership of the Scotia mine (zinc/lead) and related facilities near Halifax, N.S. Scozinc also holds several prospective exploration licences near its Scotia mine and in the surrounding regions of Nova Scotia.

We seek Safe Harbor.