UNLEASHING CANADAS ZINC POTENTIAL A Unique and Strategic Zinc - - PowerPoint PPT Presentation

CSE:EZNC OTC:ETZCF www.easternzinc.com

UNLEASHING CANADA’S ZINC POTENTIAL

“A Unique and Strategic Zinc Exploration Portfolio” Corporate Presentation – July 2019

CSE:EZNC OTC:ETZCF www.easternzinc.com

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

• f Eastern Zinc Corp and a Qualified Person under the meaning of NI 43-101.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

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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

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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.

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CORPORATE STRUCTURE

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SHARES ISSUED & OUTSTANDING:

61,018,992 Market Cap @ $0.10 = $6.1 million

WARRANTS:

21,236,331 exercisable at $0.073 expiring Apr 17, 2020

OPTIONS:

3,694,399 at $0.19 expiring Nov 26, 2023

As of December 31, 2018

PROJECT SUMMARY

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Eastern Zinc has over 2,200 mineral claims (45,000 ha) within known base metal discoveries or historical mining camps in New Brunswick, Newfoundland, Nova Scotia, BC and Yukon Claims staked along under-explored trends

• f known zinc-lead-

copper-silver

• ccurrences within

MVT, SEDEX & VMS style deposits Recently commenced capital raising efforts to complete exploration programs during the summer & fall of 2019 Planning aggressive drilling program in the Bathurst Mining Camp Discovered in 2018 the Portage Zinc Property may host a new VMS deposit Eastern Zinc believes its large land holdings constitute significant base metal exploration and development

• pportunities with the

potential to deliver significant value to shareholders

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

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WHY FOCUS ON ZINC PROJECTS?

▪ Fourth most widely consumed metal ▪ Zinc energy-storage technologies are less risky than lithium-ion batteries ▪ Stable growth in China and India expected ▪ Zinc stockpiles have been dwindling increasing price ▪ New zinc deposits are needed within the next 10-15 years to meet demand

FUTURE OF ZINC

Zinc-air battery developed by 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

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Source: S&P Global Market Intelligence data as of April 2019

NEW BRUNSWICK ZINC PROJECT

Bathurst Mining Camp (BMC) is a world-class and safe mining jurisdiction known to contain up to 45 zinc-rich VMS deposits – nearly continuous mining for 55 years Brunswick No. 12 mine was the world’s largest underground zinc mine and produced 137 Mt grading 8.74% zinc, 3.44% Pb, 0.37% Cu, and 102 g/t Ag over 49 years EZNC holds over 1,240 mineral claims (27,000 ha) in the BMC adjacent to active Caribou Mine and future Halfmile Mine operated by Trevali Mining Corporation

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NEWFOUNDLAND ZINC PROJECT

Newfoundland hosts many world-class VMS (Buchans Camp) and MVT-style (Daniel’s Harbour) base metal deposits Buchans Camp produced 16.2 Mt averaging 14.50% zinc, 7.56% lead, 1.33% copper, 126 g/t silver, and 1.37 g/t gold over 58 year mine life EZNC holds 69 mineral claims (1,700 ha) adjacent to Buchans, and Daniel’s Harbour Zinc Mine which produced 7 Mt averaging 7.8% zinc from 1975 to 1990

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NOVA SCOTIA WINDSOR BASIN CARBONATE PROJECT

Windsor Basin Project similar to other MVT style carbonate-zinc- lead hosted deposits in major mining districts such as Pine Point (NWT) and mid- Tennessee region ScoZinc set to recommence zinc production at Gays River Mine, which contains measured & indicated resource of 12.2 Mt grading 4.68 ZnEq% EZNC has 558 mineral claims (9,000 ha) controlling over 30 km of potentially mineralized carbonate reef strike- length

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BRITISH COLUMBIA & YUKON ZINC PROJECTS

EZNC has over 400 mineral claims (7,600 ha) in 8 project areas within BC and Yukon adjacent to known SEDEX and MVT deposits hosting significant Zn-Pb-Ag targets Adjacent properties include Selkirk Metals Robb Zinc Project (MVT) and ZincX Resources Cardiac Creek that includes 22.7Mt indicated grading 8.32% Zn, 1.61% Pb, 14.1 g/t Ag Clear Lake Zn-Pb-Ag SEDEX deposit in Yukon includes historical inferred mineral resource of 7.65 Mt grading 7.65% Zn, 1.08% Pb, and 22 g/t Ag using a 4% Zn+Pb cut-off

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NEW BRUNSWICK ZINC PROJECT

BATHURST MINING CAMP – WELL POSITIONED

EZNC has 1,247 mineral claims (>27,000 ha) adjacent to historical & operating mines in Bathurst Mining Camp (BMC) EZNC and partners were first movers during last staking rush at peak zinc prices resulting in coveted land position near active mines, in comparison to

• ther companies exploring BMC

EZNC properties immediately adjacent to Trevali’s Caribou & Halfmile mines and Murray Brook, Restigouche and Key Anacon projects operated by Trevali Mining, Puma Exploration/Votorantim and Osisko Metals EZNC focused on generating new VMS zinc targets with a major focus on the Portage – Upper Road Zone and Caribou – Murray Brook project areas

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BMC

Nova Scotia New Brunswick Maine P.E.I

BATHURST MINING CAMP – MAJOR PLAYERS

Over $35 million has been spent on exploration & development in BMC

• ver the past 5 years:

Osisko Metals ~$13M Trevali Mining ~$15M Puma Exploration ~$7M SLAM Exploration ~$0.4M Major exploration drilling programs in Key Anacon, Gilmour South, Caribou, Restigouche, Murray Brook and Portage Zone deposits: Osisko >100 DDH - 40,000m Trevali >1400 DDH - 117,000m Puma >150 DDH - 30,000m SLAM 2 DDH - 642m Osisko Metals plans to spend an additional $13 million in BMC over the next 2 years including >70,000m of drilling and completing a PEA

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Sources: Trevali/Osisko/Puma 2018 financial statements, annual information forms, NI 43-101 technical reports, and corporate presentations PORTAGE (EZNC): 2018 SLAM DDH 12.6% Zn, 12.9% Pb, 133 g/t Ag over 1.35 m open at depth MURRAY BROOK (PUMA): M&I Resource (2016) 5.3 Mt @ 5.2% Zn, 1.8% Pb 610 Mlbs contained Zn CARIBOU MINE (TREVALI): P&P Reserves (2018) 3.3 Mt @ 6.4% Zn, 2.4% Pb 1.9 Blbs contained Zn aggregate 2018 production = 72 Mlbs zinc HALFMILE MINE (TREVALI): M&I Resource (2017) 7.8 Mt @ 6.9% Zn, 2.3% Pb 2.0 Blbs contained Zn aggregate PEA completed in 2017 HS - STRATMAT (TREVALI): Past production (1957-1999) Mineral Resource (2017) 4.7 Mt @ 5.3% Zn, 2.1% Pb (Ind) 800 Mlbs contained Zn aggregate KEY ANACON (OSISKO): Mineral Resource (2019) 1.96 Mt @ 5.8% Zn, 2.4% Pb (Ind) 1.59 Mt @ 5.0% Zn, 1.8% Pb (Inf) 416 Mlbs contained Zn aggregate GILMOUR SOUTH (OSISKO): Mineral Resource (2019) 2.26 Mt @ 5.7% Zn, 1.3% Pb (Inf) 286 Mlbs contained Zn BRUNSWICK MINES (HISTORICAL): Brunswick No. 12 mine was the world’s largest underground zinc mine and produced 137 Mt grading 8.7% zinc, 3.4% Pb, 0.4% Cu, 102 g/t Ag over a period of 49 years

BATHURST MINING CAMP – PORTAGE ZINC PROJECT

“Portage Zinc Project” is a potentially new VMS deposit near Restigouche discovered by SLAM in 2018 through airborne geophysics and drilling Drilling in Upper Road – Portage Zone intersected 12.6% Zn, 12.9% Pb, and 133 g/t Ag over 1.35 m (DDH PZ18‐01) and still open at depth Recent discoveries associated with folded magnetic units similar to the Restigouche deposit and the Caribou mine 25 km to East EZNC planning aggressive exploration and diamond drilling program on this property in 2019

18 Source: SLAM Exploration Ltd. 2018 Exploration Program PZ18-01 Portage Discovery Hole

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NEWFOUNDLAND ZINC PROJECT

NEWFOUNDLAND ZINC – BUCHANS MINE DISTRICT

Buchans South Project is located within the historic Buchans Mine District, which produced 16.2 Mt grading 14.51% Zn, 7.56% Pb, 0.37% Cu and 99 g/t Ag Project area consists of 65 mineral claims covering 4,030 acres and is located adjacent to exploration claims held by Adventus Zinc Corp. EZNC focused on generating VMS-related zinc targets within this active yet previously under- explored area

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NEWFOUNDLAND ZINC – DANIEL’S HARBOUR DISTRICT

Black Duck Project (240 acres) is located northeast of the historic Teck Daniel’s Harbour zinc mine active between 1975-1990 and produced 7 Mt average 7.8% zinc Property previously held by Teck and includes area hosting the Black Duck Zinc Zone, which reported historic assays of 6.55% Zn over 2 feet and 11.45% Zn over 1.5 feet EZNC focused on generating MVT style zinc targets over this potentially drill-ready prospect

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NOVA SCOTIA WINDSOR BASIN CARBONATE PROJECT

NOVA SCOTIA WINDSOR BASIN CARBONATE PROJECT

EZNC has 14 exploration licences (>9,000 ha) along Windsor Basin carbonate trend immediately adjacent ScoZinc’s Gays River-Getty Zn-Pb mine in production between 2007-2009 Windsor Basin mineralization shows similarities to other MVT style carbonate-hosted Zn-Pb deposits including Pine Point Zn-Pb deposit in NWT EZNC intends to test prospective zinc targets along this 30 km strike- length with MMI soil sampling program and scout drilling in 2019

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Nova Scotia New Brunswick Maine P.E.I

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BRITISH COLUMBIA ZINC PROJECT

BRITISH COLUMBIA ZINC PROJECT – OVERVIEW

EZNC has diverse and promising portfolio of seven zinc exploration projects located in British Columbia and within MVT and SEDEX style deposits hosting Zn-Pb-Ag Properties located adjacent to Selkirk Metals Corp’s Robb Zinc Project and ZincX Resources Corp’s Cardiac Creek and Akie SEDEX Zn- Pb-Ag Projects EZNC believes BC zinc properties may offer the potential for regional exploration cost synergies associated with its Clear Creek Project in the Yukon

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GROUSE MOUNTAIN PROPERTY

Grouse Mountain property consists of 7 contiguous mineral claims (1,763 Ha) located in the Omineca Mining Division, 45 km SSE of Smithers, BC 2013 soil geochemical survey and prospecting program defined five distinctly anomalous Cu, Zn and Ag geochemical trends - extensive historical exploration on the property since 1914 Initial surface exploration program would include extending a 2007 geophysical survey, completing a VLF-EM survey, further soil geochemistry sampling, mapping and trenching, followed by scout drilling if warranted

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CARDIAC CREEK / ERIN / RON ZINC PROPERTIES

Cardiac Creek West Property (1,164 acres) located adjacent to the ZincX Akie and Cardiac Creek projects. EZNC focused on generating Zn-Pb-Ag SEDEX targets within this project area Erin Property (867 acres) underlain by northwest-trending, folded and faulted sequence of Cambrian to Mississippian sediments and carbonates. Teck originally staked the Erin claim in 1980 and returned a 0.35m chip sample grading 8% Zn Ron Property (3,531 acres) adjacent to Selkirk’s Robb Zinc MVT project. Ron Zinc

• ccurrence similar geologically to Robb Lake

deposit where Pb-Zn mineralization in dolomite breccias distributed along the western flank of large, southeast plunging

• anticline. Mineralized chip sample assayed

7.4% Pb, 1.6% Zn and 1.2 g/t Ag

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RED ZINC / BEAR CENTRAL ZINC PROPERTIES

Red Property (1,518 acres) hosts Red and Gut zinc showings on western edge of Muskwa Anticlinorium, a major regional structure characterized by thrust faulting & moderate folding. Highly anomalous soil results include values up to 6% zinc. Gut Zinc showing assayed 6.25% Zn over 3 m from chip sampling. EZNC targeting carbonate-hosted, replacement-type massive sulphide deposits on property Bear Central Property (848 acres) adjacent to Bear/Spa Property being advanced by ZincX as part of its Akie

• Project. EZNC focused on generating Zn-

Pb-Ag SEDEX targets on property

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BONANZA ZINC PROPERTY

Bonanza Property (422 acres) located in a region in which Silurian platformal sediments and mafic volcanic rocks are in faulted contact to the west with Hadrynian to Lower Paleozoic McNaughton Formation metasedimentary rocks. A historic chip sample in the project area assayed 2.74 g/t Ag, 38% Pb, and 7% Zn

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YUKON ZINC PROJECT

CLEAR LAKE PROPERTY

Clear Lake Property (6,126 acres) located 65 km east of Pelly Crossing, 90 km northeast of Carmacks and 225 km north

• f Whitehorse

Since the 1970’s, Clear Lake has been explored by several operators including 18,219 m of diamond drilling in 71 holes. This SEDEX massive sulphide deposit consists of three elongate-shaped lenses, 5 to 30 m thick and 450 m in length that extend at least 300 m down dip, with additional mineralization in the hanging

• wall. Strong potential for expansion at

depth and along strike Historical inferred resource of 7.6 Mt grading 7.6% Zn, 1.1% Pb, and 22 g/t Ag using a 4% Zn+Pb cut-off (SRK, 2010)

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2019 EXPLORATION AND DEVELOPMENT PLAN

BATHURST CAMP PROPERTIES Q2 2019

Data compilation & surface exploration

Q3 2019

3,000 m drilling program & IP survey

Q4 2019

2,500 m drilling program & reporting

OTHER PROPERTIES Q2 2019

Data compilation & exploration targeting

Q3 2019

Surface exploration (soil & prospecting)

Q4 2019

Surface exploration & scout drilling

Note: Exploration plans and timing shown are dependent on the Company meeting its funding objectives for 2019 and the results from Phase 1 data compilation and surface exploration activities, and are therefore subject to change 32

HIGHLIGHTS

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EZNC property portfolio combines zinc-exploration projects in four distinct base metal mining camps known for their current and past zinc production from VMS & MVT style mineral deposits EZNC is a premier zinc exploration company developing projects adjacent to the next generation of publicly-traded zinc companies including Trevali Mining, Adventus Zinc, and Osisko Metals EZNC property portfolio provides an opportunity for immediate discoveries using modern low-cost exploration methods EZNC is well-funded to support advanced exploration programs and drilling campaigns with an major focus on the Bathurst Mining District EZNC is planning an aggressive exploration program for 2019 including airborne geophysics, soil sampling and prospecting, and drilling over promising targets

For More Information:

Paul Ténière - President and CEO pteniere@easternzinc.com (604) 687-2038

CSE:EZNC OTC:ETZCF www.easternzinc.com