Where ere Discoveries coveries Hap appe pen August, t, 2020 - - PowerPoint PPT Presentation

Where ere Discoveries coveries Hap appe pen

August, t, 2020 TSXV : : IZN

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This presentation contains certain statements that may be deemed "forward-looking statements". All statements in this presentation, other than statements of historical fact, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans" "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. The technical content contained in this presentation is based in part on historical reports. The historical reports pre-date NI 43-101 reporting requirements and the Company cannot verify the content of the historical reports and is not responsible for the accuracy of the content of the historical reports. Indy Project QP: Brian McGrath, B.Sc., P.Geo. is a Qualified Person as defined in NI43-101.

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Cautionary Statement

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Source: Teck Presentation, Goldman Sachs Global Metals and Mining - November, 2018

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Indy y Sedex x projec ect, t, BC (100% 0% opti tion) n) ▪ New Disco scovery y (2018 18) ) in North America - shallow, high-grade and SEDEX style mineralization in first drill program – 15.3% 3% (Zn+Pb) and 24.5 g/t silve ver r over 6.3m - open for expansion ▪ Rare form of mineralization – not previously known in this accessible area of Canada ▪ Distr strict ct Scale 25km long land package – Extensive new targets defined in 2019 ▪ Excellent nt access ss and logistics benefit future project economics West t Desert t project, ct, Utah h (100%) 0%) ▪ Esta tablish shed d deposit sit (691 million pounds zinc, 65 million pounds copper indicated and 1,781 million pounds zinc, 224 million pounds copper inferred) with by-products, and strong PEA level economics ▪ High-gra rade de mine nerali ralizat zation n disc scovere ered d in 2018 drilling west of deposit. Shallow, open for expansion -- potential to materially improve economics ▪ Next phase of drilling planne ned/pe d/permi rmitt tted d Proven n management nt/di /direct ctors ▪ Histories of discovering, advancing and selling quality projects

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InZinc Mining Ltd.

Discoveries in Great Locations – Where Dollars Go Further

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InZinc Mining Ltd.

Compelling Value

Issued and Outstanding 115,085,419 Warrants 3,080,000 Options 7,980,000 Fully Diluted 126,145,419 Institutional Shareholders (fully diluted) 20% Management/Board (fully diluted) 20% Working Capital* ~C$410,000 Share Price (Aug 5, 2020) C$0.04 Market Cap C$4.6 million

* As of July 1, 2020. Inclusive of anticipated provincial and federal exploration rebates.

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B-9 Discove

• very

y Zone (201 018) 8) – Shall llow,

• w, High-gr

grad ade & R Rare Form of Minera rali lizati ation

• n

▪ Discovered by soil geochemical sampling – “blind mineralization” ▪ Open for expansion, all directions – 1.7km of strong geochemical trends remain untested ▪ Provides important vectors for additional, potentially large deposits on project ▪ 3 large anomalies over 25km project length remain untested – only 5% of project explored 5km m of Targets establish shed in 2019 9 – All Geologic

• gical

al and Geoche chemi mical al Indica cators

• rs are Present

nt ▪ Expanded soil geochemical coverage at all known anomalies – 1,194 soil samples ▪ Geological mapping, prospecting conducted at Anomaly D area – Delta Horizon discovered ▪ 5km of un-drilled geochemical targets. Compiling results, evaluating airborne geophysical systems and planning next drill program

Indy Sedex Project, Central BC

Introduction

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Indy Sedex Project, Central BC

Sedex Discoveries, Producers, Deposits – Western Canada

TRAI AIL SMELTER TER

LEGEND ND

Modified from Nelson et. al. 2002, 2006

SULLIVAN Former Sedex Producer $20B Metal Produced INDY SEDEX 2018 Discovery Sedex Producer – historical Sedex dex Discove

• very

ry (past st 25 years) rs) Sedex Deposit (known) Zinc Smel elter Ancestral North America: Shelf and platformal facies Ancestral North America: Basinal facies Pericratonic terranes Slide Mountain terrane MAC PASS HOWARDS PASS CIRQUE AKIE

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Disc scov

• very

ery: High-grade, shallow mineralization 15.3% % (Zn+Pb) and 24.5 g/t silve ver r over 6.3m, including 46.6% % (Zn+Pb) and 45.8 g/t silve ver r over 0.5m, was announced in the first drill program (B-9 Discovery) in late 2018 Rare: Sedex type mineralization not previously identified in this area of North America (only ~129 known deposits in 25 unique sedimentary belts, known globally) Giants nts: Known to form in clusters or districts, close to surface – Sedex deposits, collectively comprise the largest zinc deposits, reserves and production on the planet and are highly sought by major base metal producers Excepti ptiona nal Location:

• n: Easy access and improving infrastructure. Sedex mineralization is often

located in remote or politically challenged areas

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Indy Sedex Project, Central BC

A New Discovery – District Scale Potential

At 50m below surface, discovery hole IB18-009 intersected 15 15.3% (Zn+P Zn+Pb) and and 24 24.5 g/t silv ilver er over er 6.3m (HQ Cor

• re), including 46

46.6% (Zn+P Zn+Pb) & 45 45.8 g/t silv lver er over 0.5m.

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Indy Sedex Project, Central BC

Easy Access & Excellent Infrastructure

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▪ 100km southeast of Prince George, the major hub for transport and industry in central BC ▪ 85km from intercontinental (CNR) railhead ▪ 70km from Yellowhead highway (Hwy 16) ▪ Well maintained BC Forestry Road access to property ▪ ~500km from Trail smelter

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Large Tenure ure: : 16 claims, 25km strike District scale land package Access s Impro rovi ving: : Active, multi-season forestry roads and camp facilities 1.5 hour drive from Prince George

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Indy Sedex Project, Central BC

New Infrastructure

Recently constructed infrastructure and 50 person camp – located 10km by road from the B-9 Discovery area – supporting cost-effective ground based exploration.

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Indy Sedex Project, Central BC

25km Trend – 2019 Surface Exploration

ACTION ZONE E DELTA EAST ANOMALY ALY C ANOMALY ALY B DELTA HORI RIZON

Zones & Soil Geochemi mist stry ry – View North th

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Indy Sedex Project, Central BC

Main Trend – 2019 Surface Exploration

OPEN

DELTA EAST Historical Soils 1.5k 5km anomalous Pb+Zn ANOMALY ALY B 1.6k 6km (Pb, Zn, As, Sb, Ag) Multiple High Contrast Horizons And Feeder Signatures 15.3% (Zn+Pb) /6.3m DELTA HORI RIZON 1.5k 5km Untested (Zn,Ag,Pb,Ba,P,Sr) Zoned Soil Anomaly 15% BaO, 2% P2O5 in rock ANOMALY ALY C 750m 0m Untested (Zn,Pb,Ag,Ba,P,Sr)

Zones & Soil Geochemi mist stry ry – View Northe theast st

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R O C K Y M O U N T A I N S

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Indy Sedex Project, BC

2019 Main Trend Compilation

Zinc in Soil (ppm)

DELTA HORI RIZON 1.5k 5km Untested (Zn, Pb, Ba, P, Sr) Zoned Soil Anomaly 15% BaO, 2% P2O5 in rock ANOMALY ALY C 750m 0m Untested (Zn, Pb, Ag, Ba, P, Sr) 15.3% (Zn+Pb) /6.3m 11.7% (Zn+Pb) /3.1m ANOMALY ALY B 1.6 6 km untested Multiple High Contrast Horizons And Feeder Signatures

38.1 56.5 67.9 77.2 83.5 89.3 94.7 100.2 106.5 112.0 117.1 123.4 128.8 134.4 139.8 146.9 152.6 160.8 166.8 174.5 183.8 193.2 205.3 217.7 233.5 248.6 268.9 287.6 310.3 340.1 379.8 423.1 478.1 546.7 662.9 820.6 1084.2 1522.3

Zn ppm

Soil Geochemistry

DELTA EAST Historical Soils 1.5k 5km anomalous Pb+Zn B NORT RTH Open-Untested B West t 1 Horizon izon

750m - Untested

B West t 2 Horizon izon

450m - Untested 1.5km

2018 Drill Intersection

SCALE

B-9 Horizon izon

500m - Untested

Potential Feeder Zone Soil Geochemistry (K-As-Ag-Pb-Zn), & (K-As-Sb-Bi-Ag-Ba-Pb-Zn)

Zn>Pb (coincident) Pb>Zn (coincident) Ba>Pb-Zn (coincident)

Delta ta Horizon

• n

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OPEN

15.3% (Zn+Pb) /6.3m 11.7% (Zn+Pb) /3.1m B NORT RTH Open-Untested B West t 1 Horizon izon

750m - Untested

B West t 2 Horizon izon

450m - Untested

B-9 Horizon izon

750m Total Length 500m - Untested B-9 Massive Sulphide Horizon Pb-Ba rich geochemical trend

LEGEN END

200m

2018 Drill Intersection

Zn rich geochemical trend

SCALE

7.7 10.1 11.5 12.7 13.3 14.0 14.6 15.1 15.6 16.1 16.6 17.0 17.5 18.0 18.5 19.1 19.6 20.2 20.8 21.5 22.2 23.0 23.9 25.1 26.4 27.7 29.2 30.7 32.8 35.2 37.9 42.0 46.0 50.9 60.0 71.1 91.3 138.1

Pb ppm

Soil Geochemistry

Indy Sedex Project, Central BC

Anomaly B – Pb in Soil

2019 9 Compil piled d Soil Geochemis mistry, try, Drill ll Results ults & Inte terpre rpreta tati tion

• n

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Potential Feeder Zones Soil Geochemistry (K-As-Ag-Pb-Zn), & (K-As-Sb-Bi-Ag-Ba-Pb-Zn)

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Feeder Style e Hole: e: IB18-008 008 Sphalerite and pyrite veinlets in silicified polymictic breccia. 5.8% Zn, 0.5% Pb, 3.4 g/t Ag over 6.7m at 56m below surface Massive Sulphid hide: Hole IB18-009 009 12.3% Zn, 3.0% Pb, 24.5 g/t Ag (15.3% Zn+Pb) over 6.3m at 60m below surface. This banded section grades 40.9% zinc over 0.5m Massive Sulphid hide Hole: IB18-003 003 9.3% Zn, 2.4% Pb, 17.9 g/t Ag over 3.1m at 23m below surface (low core recovery). Shale and pyrite clasts in sphalerite (zinc) rich matrix

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HQ sized drill core

Indy Sedex Project, Central BC

B-9 Discovery Zone – Mineralization

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Hole IB18-009 009 ▪ 12.3% Zn, 3.0% Pb, 24.5 g/t Ag (15.0% ZnEq) over 6.3m at 60m below surface Hole IB18-008 008 ▪ 5.8% Zn, 0.5% Pb, 3.4 g/t Ag (6.2% ZnEq) over 6.7m at 56m below surface Hole IB18-002 002 ▪ 4.5% Zn, 1.1% Pb, 7.3 g/t Ag (5.5% ZnEq) over 4.3m at 27m below surface ▪ 2.2% Zn, 0.8% Pb, 5.2 g/t Ag (3.0% ZnEq) over 5.4m at 33m below surface ▪ 3.5% Zn, 0.7% Pb, 4.6 g/t Ag (4.1% ZnEq) over 4.6m at 37m below surface Hole IB18-003* 003* ▪ 9.3% Zn, 2.4% Pb, 17.9 g/t Ag (11.4% ZnEq) over 3.1m at 23m below surface Ho Hole IB18-006 006 ▪ 3.9% Zn, 1.3% Pb, 8.9 g/t Ag (5.0% ZnEq) over 4.0m at 29m below surface

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Indy Sedex Project, Central BC

Selected 2018 Drill Highlights

* Low core recoveries. Note: Apparent widths only. The intersections in IB18-002 are separated by lost core/no recovery. ZnEq calculation: metallurgical studies have not been completed and assumes 100% metallurgical recovery using Zn prices at $1.10/lb., Pb at $.80/lb. and Ag at $15/oz – all $US

Near Surfa rface B-9 Disc scov

• very

ery

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Zn>Pb (coincident) Pb>Zn (coincident) Ba>Pb-Zn (coincident)

Delta ta Horizon

• n

Soil l Geochem hemis istry try

38.1 56.5 67.9 77.2 83.5 89.3 94.7 100.2 106.5 112.0 117.1 123.4 128.8 134.4 139.8 146.9 152.6 160.8 166.8 174.5 183.8 193.2 205.3 217.7 233.5 248.6 268.9 287.6 310.3 340.1 379.8 423.1 478.1 546.7 662.9 820.6 1084.2 1522.3

Zn ppm

Soil Geochemistry

Indy Sedex Project, Central BC

1.5km Delta Horizon – 2019 Imaged Zn in Soil

Elevate ted d Zinc c in Rock Samples les over 650m m parall llel l to Soil Anomaly

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200m

Rock k Samples les - Zinc nc

Zn (ppm) > 400 to 2640 Zn (ppm) > 300 Zn (ppm) > 200 Zn (ppm) < 200

650m

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Zn>Pb (coincident) Pb>Zn (coincident) Ba>Pb-Zn (coincident)

Delta ta Horizon

• n

Soil l Geochem hemis istry try

Pb >100ppm (sample site)

38.1 56.5 67.9 77.2 83.5 89.3 94.7 100.2 106.5 112.0 117.1 123.4 128.8 134.4 139.8 146.9 152.6 160.8 166.8 174.5 183.8 193.2 205.3 217.7 233.5 248.6 268.9 287.6 310.3 340.1 379.8 423.1 478.1 546.7 662.9 820.6 1084.2 1522.3

Zn ppm

Soil Geochemistry

Indy Sedex Project, Central BC

1.5km Delta Horizon – 2019 Imaged Zn in Soil

Coincid nciden ent, t, Highly ly Enri riched hed Pb i in Soil l (>500m 0m length) th)

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200m

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Anomaly y B ▪ At least three strong and distinct geochemical horizons – 1.95 km aggregate length ▪ Only 30% (250m) of B-9 horizon explored. In 2018 - 9 of 11 holes intersected shallow mineralization – open at depth ▪ B West 1 (750m) and B West 2 (450m) horizons remain untested Delta Ho Horizon

• n

▪ 2019 Discovery with classic Sedex pathfinders and geology ▪ 1.5km length – untested – bounded by black shales ▪ Strong, coincident Zn, Pb , Ba, P, Sr in soil ▪ Elevated Pb and Zn in rock and enriched Ba, P, and Sr in rock Anomaly y C – 750m, untested. Strong, coincident Zn, Pb , Ba, P, Sr in soil Delta West – 1.5km long untested historical Pb, Zn anomaly Action n – 750m (open) strong coincident Pb, Zn soil anomaly. Defined in 2019.

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Indy Sedex Project, Central BC

2019 Summary of Targets

Over 5km of unteste tested, d, high h potenti ntial targe gets ts

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All Geologica cal & Geochemic mical Indi dicato ators rs are Present nt

Source: Sedimentary Exhalative (Sedex) Zn-Pb-Ag Deposit Model | Scientific Investigations Report 2010-507-N | US Geological Survey, 2010

Indy Zinc Project, Central BC

Sedex Deposit Model

Sedi dimentary ry Brecc eccia (PBx PBx unit)

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Delta , Anoma maly y C Anoma maly y B

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Source: USGS Report 2010-5070-N

▪ Rare, only ~129 deposits known in 25 sedimentary basins globally ▪ ~68M tonnes average size ▪ “Fertile” sedimentary host basins are not widespread & locations are often challenging

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Indy Sedex Project, Central BC

Global Sedex Deposits – Small World, Large Deposits

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▪ 100% owned, low carry costs ▪ Year-round road access ▪ Grid power and water at site ▪ Natural gas, transcontinental rail within 90km ▪ Conducive to exploration, permitting and development

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West Desert Project, Utah

Favourable Jurisdiction

Easy y Access ss

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West Desert Project, Utah

WD Deposit – Surface Geology

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West Desert Project, Utah – PEA*

Contained Metal – Sulphide Resource

100 200 300 400 500 600 700m depth

B WEST B” EAST

**April 2014: stated at a US$ 50 GMV (Gross Metal Value) per tonne cut-off; ZnEq based

• n 100% recovery and

Zn=$1/lb, Cu=$3/lb, Fe=$115/t, In=$600/kg *Preliminary Economic Assessment (April 2014) available at www.inzincmining.com or www.sedar.com

200m

UTAH H SILVER MINE (Historic)

• ric)

2.7Moz Silver

SULPHI HIDE DE RESOUR OURCE CE**

INDICA ICATED ED 691M M lbs 65M M lbs INFERR ERRED ED 1,78 781M lbs 224 24M M lbs

WD Deposi

• sit

Sulphi hide de Resource

• urce

OXIDE RESOUR OURCE CE

Zinc c & Coppe per

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Economi mics cs ▪ After-tax NPV(8%) US$258M, IRR 23%, payback 3.7 years Mini ning ▪ Low cost, conventional bulk underground mining Process ssing ng ▪ Simple conventional processing – three high quality concentrates ▪ Zinc concentrate: 92% recovery, 55% zinc, high indium Copper concentrate: 74% recovery, 29% copper, payable gold and silver ▪ Iron concentrate: 97% recovery, 63% iron, very low silica and phosphorus, domestic market Producti uction

• n

▪ 1.6B lb zinc and 0.1B lb copper production over 15 years, plus by-products and credits Capital tal Cost t (pre-pro productio duction) n) ▪ US$247M

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West Desert Project, Utah

PEA* Summary

* Preliminary Economic Assessment (April 2014) available at www.inzincmining.com or www.sedar.com See Appendix for Resource April 2014: based Zn=$1/lb, Cu=$3/lb, Fe=$115/t, In=$600/kg

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West Desert Project, Utah – 2018 Drilling

New Shallow Western Expansion Potential

9.4 % Zn, 0.1% Cu, 5.5 ppm In / 1.5m 9.1 % Zn, 0.39% Cu, 13.9 ppm In / 1.5m

6.3% Zn, 0.42% Cu, 66.8 ppm In / 15.4m MAIN ZONE SULPHIDE CRD (DEEP) ZONE SULPHIDE EAST

2018 DDH Intersection

> 10% Zn Resource Blocks (2014)

> 5% Zn Resource Blocks (2014) 7.6% Zn, 0.13% Cu, 103.8 ppm In / 2.4m

16.6% Zn, 0.28% Cu, 59.5 ppm In / 4.5m 175M UNTESTED

OPEN

OPEN

100 m 200 m 300 m 400 m 500 m 600 m 700 m

3.5% Zn, 0.1 % Cu, 47.6 ppm In / 5.75m 200m

WEST

WD 18-01 WD 18-05 WD 18-04

SURFACE

WD 18-02

MINE RIDGE

OXID IDE E RESOURC RCE

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West Desert Project, Utah – 2018 Drilling

Drill Hole WD18-01 & WD18-05 – Section 288750E

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Stro rong ng PEA Level Economics mics (2014) 4) ▪ Location favours low operating and capital requirements ▪ Solid metallurgical results and simple process for extraction ▪ Small development footprint ▪ Potential to add resources and materially improve PEA economics 2018 8 Disco scovery ery of Western ern Zone ▪ Shallower, high-grade extension of WD Deposit identified ▪ Further drilling required Curre rrent nt Activi vity ty ▪ Next drill program planned ▪ Permits approved West Desert Project, Utah

Summary & Next Steps

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Wayne Hubert, B.Sc. (Eng), MBA

Chief Executive Officer

20+ years experience mining corporate development, initially with Meridian Gold and then as CEO with Andean Resources, acquired by Goldcorp for US$3.5B

Kerry Curtis, B.Sc. (Geology), P.Geo

Chairman

30 years experience base and precious metals, exploration, discovery, feasibility, development financing and construction; former CEO of Cumberland Resources acquired by Agnico Eagle for C$730M

Louis Montpellier, L.L.B.

Director

30 years specializing in international mining law and finance; former VP – Corporate Development and Counsel for Extorre Gold Mines, which was acquired by Yamana for ~C$395M

John Murphy, B.A. (Economics), CFA

Director

25+ years mining sector banking experience. Retired 2015 as Managing Director of Investment Banking and Co-Head Mining and Metals at Raymond James Ltd. after 21 years. Former director of Claude Resources, acquired by Silver Standard for ~C$470M

Steve Vanry, C.F.A, C.I.M.

Chief Financial Officer

17+ years experience in strategic planning, regulatory compliance and financial reporting with publicly-traded natural resource companies

Lesia Burianyk, CPA, CA

Controller

15+ years industry experience with TSX-V and CSE listed

• companies. Former audit manager at a Canadian accounting

firm specializing in the mining industry

Joyce Musial, B.Sc. (Hons) in Geology

VP Corporate Affairs

30+ years experience in resource sector with focus on investor relations, communication, corporate development, and community, governmental & aboriginal relations

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

Vancouver-based Consultant

25+ years experience in the Americas exploring for gold and base metal targets. Recent geological positions held with the Manex Resource Group and Cumberland Resources Ltd. (the team successfully built a multi-million ounce reserve).

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Experienced in Delivering Value

For further information contact: Joyce Musial, VP, Corporate Affairs (604) 317-2728 www.inzincmining.com TSXV : IZN

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Cash Payment Shares Work commitments Paid, issued and incurred $ 105,000 1,100,000 $ 600,000 Year -4; prior to January 31, 2021 35,000 400,000 350,000 (incurred) Year -5; prior to January 31, 2022 50,000 400,000 400,000 (~100,000 incurred) Year -6; prior to January 31, 2023 125,000 500,000 1,250,000 Total $ 315,000 2,400,000 $ 2,600,000 Original Agreement (Oct 17, 2016) $ 305,000 2,100,000 $ 2,600,000

Indy Sedex Project, Central BC

Option Terms – Amended April 2, 2020*

▪ In addition, a $500k cash payment and the issuance of 500k shares of the Company will be made if the Company files a technical report establishing a 500M pound zinc resource ▪ A further $500k cash payment will be made should the Company file a technical report establishing a 750M pound zinc resource ▪ The property is subject to a 1.0% NSR and a 1.5% NSR held by Kerry Curtis, Chairman of the Company ▪ On exercise of the option and prior to completion of a feasibility the Company has the right to purchase the 1% NSR for $1,500,000

No c cash h payments ents unti til at least t Jan 31, 2021 – Total term m extende nded d by an additi tiona nal year

▪ Option to earn a 100% interest by meeting the following Year 4, 5 and 6 commitments:

* The amendments to the Original Agreement are subject to TSX Venture Exchange acceptance.