UNLEASHING CANADA’S ZINC POTENTIAL “A Unique and Strategic Zinc Exploration Portfolio” Corporate Presentation – July 2019 CSE: EZNC OTC: ETZCF CSE: EZNC OTC: ETZCF www.easternzinc.com www.easternzinc.com
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION All statements in this presentation, other than statements of historical fact, are "forward-looking information" with respect to Eastern Zinc Corp within the meaning of applicable securities laws including, without limitation economic estimates and any statements related to estimated mining costs. Eastern Zinc Corp provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to exploration findings, results and recommendations, as well as those risks and uncertainties identified and reported in Eastern Zinc Corp’s public filings under its SEDAR profile at www.sedar.com. Although Eastern Zinc Corp has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Eastern Zinc Corp disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law. Any historical resource estimates, preliminary economic assessment (PEA), production data, drilling or sampling figures (“technical Information”) quoted herein are based on prior data and NI 43-101 technical reports prepared by previous operators or adjacent property holders. Eastern Zinc Corp has not verified this technical information and this information is not necessarily indicative of the mineralization potential on Eastern Zinc Corp’s properties discussed herein. All historical information disclosed should not be relied upon and has not been verified by a Qualified Person. All scientific and technical information contained in this presentation has been reviewed and approved by Paul Ténière, P.Geo., President & CEO of Eastern Zinc Corp and a Qualified Person under the meaning of NI 43-101. 2
THE EASTERN ZINC ADVANTAGE Well financed to explore and develop its zinc properties with experienced management team Providing shareholders with diversified exploration portfolio across Canada Poised to deliver new zinc discoveries within major base metal mining camps across Canada 3
MANAGEMENT & DIRECTORS Paul Ténière, M.Sc., P.Geo. President & Chief Executive Officer Mr. Ténière is a professional geologist with 20 years of diverse experience in the mining and oil & gas sectors in Canada, United States, and internationally taking projects from exploration to mine development. Paul has held senior roles with small cap to large mining companies developing precious metal, base metal, and metallurgical coal deposits, and has significant capital markets, regulatory, and corporate finance experience. He was Senior Manager of Mining at the Toronto Stock Exchange (TSX) and TSX Venture, Chief Geologist for Sherritt International Corp, and an Exploration Manager for Vale S.A. and Solid Energy New Zealand successfully developing coal mining projects in Australia and New Zealand. Paul has also worked on numerous carbonate-hosted Mississippi Valley Type (MVT) and SEDEX lead- zinc deposits, and porphyry-style copper-lead-zinc and gold-silver deposits in Canada, United States, and Europe. Joel Dumaresq Chief Financial Officer, Chairman Mr. Dumaresq brings 30 years experience in the financial sector holding financial and investment banking roles with RBC Dominion Securities and was a managing director of Vancouver based private equity and merchant banking firm Matric Partners Inc. for 12 years. Joel brings significant M&A experience and has managed a range of private & public enterprises worldwide including the resource sector. Fred Tejada, P.Geo. Independent Director Mr. Tejada is a professional geologist with over 30 years of international mineral industry experience and has a proven track record, working with both major and junior mining and exploration focused organizations. Fred serves as CEO of European Electric Metals was previously Vice President for Exploration of Panoro Minerals Ltd. where he directed the resource definition drilling of its two major copper projects in Peru. He has also been previously involved in the exploration of the Trend and the Belcourt Saxon coal projects in Northeast British Columbia. Stephen Stine Independent Director Mr. Stine holds a B.S. in Metallurgical Engineering from the Colorado School of Mines and is a veteran of seven mine permittings, two public consultations, six bankable feasibility studies, six mine constructions and startups and numerous project financings. He was involved with the development of the following mines: Bismark (Mexico), Cuajone (Peru), Rio Chiquito (Costa Rica), Twin Buttes (Arizona), Burma (Myanmar), Slovakia, Canada and United States. 4
SHARES ISSUED & OUTSTANDING: 61,018,992 Market Cap @ $0.10 = $6.1 million WARRANTS: CORPORATE 21,236,331 exercisable at $0.073 expiring STRUCTURE Apr 17, 2020 OPTIONS: 3,694,399 at $0.19 expiring Nov 26, 2023 As of December 31, 2018 5
PROJECT SUMMARY Eastern Zinc has over Claims staked along Recently commenced Planning aggressive Eastern Zinc believes its 2,200 mineral claims under-explored trends capital raising efforts to drilling program in the large land holdings (45,000 ha) within of known zinc-lead- complete exploration Bathurst Mining Camp constitute significant known base metal copper-silver programs during the Discovered in 2018 the base metal exploration discoveries or historical occurrences within summer & fall of 2019 Portage Zinc Property and development mining camps in MVT, SEDEX & VMS may host a new VMS opportunities with the New Brunswick, style deposits deposit potential to deliver Newfoundland, Nova significant value to Scotia, BC and Yukon shareholders 6
EASTERN ZINC CORP PROJECT AREAS NEW BRUNSWICK ZINC PROJECT NEWFOUNDLAND ZINC PROJECT NOVA SCOTIA WINDSOR BASIN CARBONATE PROJECT BRITISH COLUMBIA ZINC PROJECT YUKON ZINC PROJECT 7
WHY FOCUS ON ZINC PROJECTS? 8 CSE: EZNC OTC: ETZCF www.XXXXX.com
▪ Fourth most widely consumed metal ▪ Zinc energy-storage technologies are less risky than lithium-ion batteries FUTURE ▪ Stable growth in China OF and India expected ZINC ▪ Zinc stockpiles have been dwindling increasing price ▪ New zinc deposits are needed within the next 10-15 years to meet Zinc-air battery developed by demand NantEnergy 9
Zinc prices gained momentum in Q1 2019 due to renewed optimism on "trade war“ rhetoric between the USA & China and better Chinese economic growth numbers Zinc supply deficit at start of 2019 resulting in 13% rise in prices since the end of 2018 Zinc prices expected to remain stable through H1 2019 as trade war fears diminish despite increased supply Source: S&P Global Market Intelligence data as of April 2019 10
NEW BRUNSWICK ZINC PROJECT Bathurst Mining Brunswick No. 12 EZNC holds over Camp (BMC) is a mine was the world’s 1,240 mineral claims world-class and safe largest underground (27,000 ha) in the mining jurisdiction zinc mine and BMC adjacent to known to contain up produced 137 Mt active Caribou Mine to 45 zinc-rich VMS grading 8.74% zinc, and future Halfmile deposits – nearly 3.44% Pb, 0.37% Cu, Mine operated by continuous mining for and 102 g/t Ag over Trevali Mining 55 years 49 years Corporation 11
NEWFOUNDLAND ZINC PROJECT Newfoundland hosts Buchans Camp EZNC holds 69 many world-class produced 16.2 Mt mineral claims VMS (Buchans Camp) averaging 14.50% (1,700 ha) adjacent to and MVT-style zinc, 7.56% lead, Buchans, and Daniel’s (Daniel’s Harbour) 1.33% copper, 126 g/t Harbour Zinc Mine base metal deposits silver, and 1.37 g/t which produced 7 Mt gold over 58 year averaging 7.8% zinc mine life from 1975 to 1990 12
NOVA SCOTIA WINDSOR BASIN CARBONATE PROJECT Windsor Basin Project ScoZinc set to EZNC has 558 mineral similar to other MVT recommence zinc claims (9,000 ha) style carbonate-zinc- production at Gays controlling over 30 lead hosted deposits River Mine, which km of potentially in major mining contains measured & mineralized districts such as Pine indicated resource of carbonate reef strike- Point (NWT) and mid- 12.2 Mt grading 4.68 length Tennessee region ZnEq% 13
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