VANCOUVER, British Columbia–(Newsfile Corp. – January 25, 2023)- InZinc Mining Ltd. (TSXV: IZN) (“InZinc” or the “Company”) for new discoveries of zinc, including copper, nickel and cobalt from drilling, and the Indy Project (100% Option) (“Indy” or 100 kilometers southeast of Prince George in central British Columbia). (km) Additional results from extended drilling at the B-9 zone are expected soon.

Keel Red Occurrence – 27.1 m Zinc Oxide with Nickel, Copper and Cobalt

Borehole IB22-020 (Table 1) explored between the Keel and Echo Central geochemical targets (Figure 1), starting 47.3 m downhole and containing an average of 0.67% zinc and 0.13% nickel 27.1 m intersected with buried oxide material. Dubbed Kielred, the top of the core interval (47.3 m to 55.0 m) also saw him return 0.11% copper in 7.8 m. Furthermore, the 27.1 m spacing is anomalous with an average cobalt content of 163 ppm, showing a maximum value of 962 ppm for a core length of 1 m.

“This is the first exploration drilling in the area and the first to see the presence of nickel-copper-cobalt with zinc in Indy. It is also the first of a significant ‘battery suite’ of metals in this unexplored region. In Zinc CEO Wayne Hubert said: “InZinc’s extensive geophysical and soil geochemical range, including nickel, copper and cobalt, will help us develop new targets in Indy when new metal potential is identified from discoveries such as Keel Red. It provides the depth and flexibility of

Table 1: Indy Project – Drill Hole Crossing 2022 – Keel Red Oxide

Note: Drill spacing represents apparent width. True width is unknown.

Oxides as Pathfinders to Sulfide Mineralization

Keel red is interpreted as the development of oxides and secondary deposition of metals. The primary sulfide sources for these metals, which may be located deep (Fig. 2) and/or along trends, are of great interest as new exploration targets for Indy.

Keel Red is located approximately 5 km north of the mineralized B-9 zone expanded in the 2022 drilling program (news release December 15, 2022). B-9 is a primary sulfide mineralization currently tracked by drilling over 400 m long and 80 m deep. The zinc oxide occurrence located below the slope of B-9 is the only visible surface representation of this mineralization, suggesting oxide-type mineralization as a pathfinder to primary sulfide mineralization in the area. emphasizes the importance of recognizing

Figure 1: Indy Project – Goals and Drill Results for 2022 – Planning Map

Figure 2: Indy Project – Keel Area – Borehole Plan and Profile

Additional Results 2022 Exploration Drilling – Keel and Echo Central (Figures 1 and 2)

The 2022 exploration drill program has completed seven holes at the Kiel and Echo Central targets (holes 16 to 22, totaling 1192 m). As previously mentioned, difficult terrain and water scarcity have hampered planned drilling at the Echo South target (Figure 1) in 2022. Echo South is his one of the most powerful geochemical targets on the project.

Highlights of the keel area excavation crossing (in addition to hole IB22-020) include:

• Hole IB22-017: Designed to intersect with highly unusual zinc in soil geochemistry between keel and echo targets. The hole was terminated 104 m downhole due to technical problems (fault). A series of mafic dikes/sills crisscrossed near the end of this hole. This may be related to Keel Red mineralization located 40 m to the west.

• 16th, 21st and 22nd holes: A keel (zinc) geochemical target was investigated. Holes 21 and 16 are surrounded by weakly to strongly altered, oxidized and bleached shale that may be related to keelred mineralization located 80 m to the east.

• 18th hole: Coloring 90m east of Hall 17 to complete the 400m cross-section between the keel and echo targets. This hole is intersected by a large scale of crushed carbonate with strong faults at the edge of the hole.

• 19th hole: Drilling at Echo Central, a low priority section of the 1.9 km long echo target. Some narrow crossings returned zinc and nickel. It is associated with mafic dykes/sills and resembles keel red oxide at pit IB22-020 located 300m to the northwest.

Completion of Project Revenue Expenditure

With the completion of exploration spend in 2022, InZinc has now completed Indy Option’s gross work commitment earning spend.

Cordillera Roundup 2023

InZinc will be exhibiting at AME Roundup 2023, January 25-26 in Vancouver, Booth #127.

About Inzinc

InZinc is an active explorer and through Earn In, equity and royalty income is exposed to a diverse portfolio of active North American base and precious metal projects. Since the discovery of near-surface high-grade mineralization at the Indy Project (100% Earn-In) in 2018, InZinc has outlined over 10 km of high-quality exploration stations and precious metal targets, and has extended its mineral holdings to 200 km. expanded to² It was discovered in an unexplored new mineral region in central British Columbia, Canada. In late 2021, South 32’s Canadian subsidiaries (ASX, LSE and JSE) have become major holders of the belt by staking around 200km.² of adjacent claims. InZinc has made a significant equity investment in American West Metals (ASX), which is driving multiple North American base metal projects. In addition, InZinc has production royalties and receives 50% of the proceeds (NSR) from the sale of indium mined from American West’s West Desert project.

In Zinc Mining Ltd.

Wayne Hubert

____________

chief executive officer
Phone: 604.687.7211
Website: www.inzinc mining.com

For more information, please contact:
joyce musical
Vice President, Corporate Affairs
Phone: 604.317.2728
Email: This email address is being protected from spambots. JavaScript must be enabled to view.

qualified person

Brian McGrath, B.Sc., P.Geo. 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

Drill cores were collected from the drill site and delivered to Indy Camp by InZinc staff. Cores were recorded, sample intervals were outlined, and photographic records were collected. Core samples were split using a diamond saw or manually chipped at camp, with half of the cores submitted for analysis and the rest stored in wooden core boxes. Cores were placed in individually marked plastic sample bags and shipments were grouped in labeled rice bags. The core shipment was delivered by InZinc contract geologists to Bandstra Transportation Systems, Inc., Prince George, BC, for analysis at the MSA Lab, Langley, BC, Canada. Samples were prepared by MSA and analyzed by ICP-AES multi-element and select AAS-Fire assays. In addition to his QA/QC procedures in the lab, InZinc inserted blind standards, blanks or field duplicates every 10 samples. QA/QC sample results were within industry standards.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws (collectively, “forward-looking statements”). All statements other than statements of historical fact contained herein are forward-looking statements. Forward-looking information includes, but is not limited to, statements addressing activities, events or developments that we anticipate or anticipate will occur or may occur in the future. While we believe such statements to be reasonable, there can be no assurance that such expectations will prove correct. Forward-looking statements generally use words such as “believe,” “expect,” “project,” “intend,” “estimate,” “plan,” “design,” and “assume.” identified by , by its nature, refers to future events. We caution investors that our forward-looking statements are not guarantees of our future results, performance or actions and that as a result of various factors, our actual results and actions may differ from forward-looking statements. Be warned that it can vary greatly. Risks and risks disclosed in our management’s discussion and analysis filed with certain Canadian Securities Commissions for the year ended December 31, 2021 and for the nine months ended September 30, 2022. uncertainties and other information we have announced and submitted to the appropriate regulatory authorities. All of our Canadian public disclosure documents can be accessed by: www.sedar.com.

Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.