Nevada Zinc Announces Restructuring of Yukon Gold Assets and Closing of First Tranche of Financing

Toronto, June 29, 2017 – Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V: NZN) is very pleased to announce the restructuring of the Company’s Yukon gold assets and a concurrent financing, the net proceeds from which will be allocated to fund the 2017 and 2018 exploration programs for the Yukon gold assets.  Drilling is scheduled to begin during the second week of July.

 

The Company incorporated a wholly-owned private subsidiary, Generic Gold Corporation (“Generic”).  On May 30, 2017 Nevada Zinc vended, on a tax free basis, its Yukon gold properties into Generic.  As consideration for the sale of its gold properties to Generic, the Company received 25,000,000 common shares of Generic at a deemed value of $0.30 per share for aggregate share consideration of $7,500,000. 

 

Subsequent to the closing of the purchase and sale transaction with Nevada Zinc, Generic commenced financing activity to raise approximately $2,500,000 (the “Financing”).   In order to commence and fund exploration immediately a first tranche of the Financing closed on June 27th for aggregate gross proceeds of $890,500.  The first tranche consisted of units (“Units”) in the amount of $829,500 (2,765,000 Units) and flow-through units (“FT Units”) in the amount of $61,000 (152,500 FT Units).  The Units were priced at $0.30 per Unit and consisted of one common share of Generic and one common share purchase warrant.  Each warrant gives the holder the right to purchase one common share of Generic at a price of $0.50 per share and the warrant has an expiry date of 36 months from the final closing date of the Financing.  The FT units were priced at $0.40 per Unit and consisted of one common share of Generic and one common share purchase warrant.  Each warrant gives the holder the right to purchase one common share of Generic at a price of $0.50 per share and the warrant has an expiry date of 36 months from the final closing date of the Financing.  

 

A finders fee on the first tranche equal to 8% of the dollar amount of Units and FT Units sold and broker warrants equal to 8% of the number of Units and FT Units sold were paid by Generic.  The finders fee was paid in Units in lieu of cash and aggregated to 237,467 Units.  The broker warrants aggregated to 233,400 Units. A broker warrant gives the holder the right to purchase a Unit at $0.30 per Unit and the broker warrants expire 24 months after the Generic common shares are listed on a recognized stock exchange. 

 

Newly appointed President and CEO of Generic, Kelly Malcolm, commented on the commencement of Generic’s initial work program; “Bruce and the team at Nevada Zinc have built an impressive portfolio of properties and advanced several to the drill-ready stage. These properties are in strategic land positions and show signs of significant hydrothermal systems. The Yukon has seen a dramatic increase in mineral exploration activity within the past year. Since 2016, major gold producers have invested approximately $667 million into junior Yukon gold exploration companies through acquisitions, earn-in positions, or equity stakes. We are very excited to begin drill testing several of the multi-parameter targets generated by Nevada Zinc, as well as further advancing the properties for future drilling campaigns. The 2017 work program will include 1,500 metres of diamond drilling on Livingstone, 1,500 metres of RC drilling on Goodman, as well as induced polarization geophysics, trenching, soil sampling, and prospecting on all of our key projects to generate targets for future drilling campaigns.”

 

Highlights

  • Generic's exploration portfolio consists of ten properties with a total land position of 39,820 hectares within the Yukon Territory. Some of the projects are in close proximity to significant gold deposits, including Goldcorp’s Coffee project, Victoria Gold’s Eagle Gold deposit, and placer mining districts for which bedrock sources of gold have not been identified. Three of these properties, Livingstone, VIP, and Goodman, are in the advanced exploration stage with several drill-ready targets. 

 

  • The Livingstone Project (156 mineral claims) which covers an area of approximately 50 square kilometres, is located 85 kilometres northeast of Whitehorse, Yukon. Five west draining creeks, four of which have their headwaters on the Livingstone property, are renowned for the production of very coarse, multi-ounce placer gold nuggets. There has never been a hole drilled to test for gold in bedrock along the Livingstone project's 14 kilometre length. Recently released 2016 and 2017 Yukon government reports highlight areas on the Livingstone property as a potential source for the placer gold. Nevada Zinc has identified gold associated with galena bearing quartz veins in bedrock correlating to a target area identified by airborne and ground geophysics. Generic will be completing 1,500 metres of diamond drilling on the Livingstone project during the 2017 work program.

 

  • The VIP Project (837 mineral claims) covers 17 kilometres along the main structural trend from Goldcorp's recently acquired Coffee gold deposit (total indicated mineral resource of 63.7 million tonnes averaging 1.45 g/t Au for 2,968,000 ounces of contained gold, and a total inferred mineral resource of 52.4 million tonnes at an average grade of 1.31 g/t Au for 2,212,000 ounces of contained gold) at a cost of approximately $520 million. The VIP Project contains the East Big Creek target, a 700 metre long northwest trending gold-in-soil and pathfinder element geochemical anomaly that remains untested and open in both directions along strike. The anomaly is up to 250 metres wide. An extensive, prominent magnetic low in airborne magnetic data defines a northwest trending structure directly associated with the East Big Creek target that remains open ended and unexplored along trend for several kilometres. Generic will be completing trenching and prospecting during the 2017 field season, in preparation for a 2018 drilling campaign.

 

 

  • The Goodman Project (379 mineral claims) covers 20 kilometres of favourable stratigraphy located along the projection of the Potato Hills Trend and immediately southwest of Victoria Gold's Eagle Gold Deposit (222,193,578 tonnes indicated mineral resource grading 0.68 g/t Au containing 4,992,821 ounces gold and 77,930,767 tonnes inferred mineral resource grading 0.60 g/t Au containing 1,578,707 ounces gold). The Goodman Project covers the upper reaches of at least five current or historic placer creeks for which there is no known source for the gold. A recent Company airborne magnetic survey clearly outlines a 5 x 1.5 kilometre elongate felsic intrusion (termed the Murphy Intrusion) similar to the host felsic intrusion at the Eagle Gold Deposit. This magnetic anomaly correlates with numerous geochemical anomalies, particularly an extensive, prominent magnetic low in the airborne magnetic data along the southeast margin of the Murphy Intrusion that may reflect strong alteration, possibly the result of gold mineralizing fluids. Generic will be conducting 1,500 metres of RC drilling on the Goodman project during the 2017 field season, as well as trenching, IP geophysics, and soil sampling to further advance the property.

 

About Nevada Zinc

Nevada Zinc is a discovery driven, early-stage mineral exploration company with a proven management team focused on identifying unique opportunities in mineral exploration that can provide significant value to its shareholders. The Company’s existing projects are located in Nevada and Yukon.

For further information contact:

Nevada Zinc Corporation 
Suite 1660 – 141 Adelaide St. West
Toronto, Ontario M5H 3L5
Tel: 416-504-8821

Bruce Durham, President and CEO of Nevada Zinc Corporation
bdurham@nevadazinc.com

www.nevadazinc.com

Generic Gold Corporation 

Kelly Malcolm, President and CEO 

Tel: 647-299-1153

kmalcolm@genericgold.ca

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc.  Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties.  Actual results may differ materially from those currently anticipated in such statements.

Nevada Zinc Initiates Work Program Including Core Drilling On Its Lone Mountain Zinc Project

Toronto, June 22, 2017 – Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V: NZN) is pleased to announce the commencement of its summer field work program in Nevada, which will include core drilling on the Company’sLone MountainZinc Project (the “Project”), located near Eureka, Nevada. 

President and CEO, Bruce Durham commented on the commencement of the work program; “We are very pleased to report the re-start of field operations on our Lone Mountain Zinc Project and our first core drilling program on the Project since acquiring our initial interests in the area in 2014, prior to the current level of significant investor interest in the global zinc market. In fact, this drilling program will be the first core drilling completed on the Project in more than 70 years”.

 

Highlights

  • Other than the 41 generally very shallow surface core drill holes completed during 1944 and 1945 to test for near surface zinc mineralization in the vicinity of the then active Mountain View Mine workings, no core drilling has been completed anywhere on the Project.
  • The Company plans to initially complete at least 12 holes in the first part of the work program (subject to expansion to more holes).
  • Total amount of drilling will be in excess of 2,000 metres or 6,560 feet in the first phase of the core drilling program. 
  • Reverse Circulation (“RC”) drilling by the Company to-date is comprised of 83 holes (12,200 metres) most of which have intersected zinc mineralization between surface and depths of approximately 250 metres (820 feet).
  • RC drill results include some very broad intervals of zinc mineralization with or without accessory lead mineralization. 
  • RC drill holes completed to the northwest of the historic Mountain View Mine site include highlight holes such as the Company’s first hole (LM-14-01) at its Discovery Area that returned a composite assay interval of 7.56% zinc+lead over 89.92 metres (295 feet) and hole LM-15-27 which intersected a 118.87 metre (390 feet) interval of mineralization averaging 10.32% zinc+lead.
  • The Company’s most recent Phase 5 RC drill program continued to produce excellent assay results with holes such as hole LM-16-56 which intersected 6.99% zinc+lead over 100.58 metres (330 feet). 
  • None of the historic core holes from the 1940’s tested the main zones of zinc mineralization more than 250 feet (76 metres) below surface and most of the holes intersected the mineralization at depths of less than 100 feet (30 metres).
  • Further surface evaluation of a new area of mineralization located to the southwest of the Mountain View Mine will also be undertaken in a new area of zinc mineralization discovered in late 2016.
  • The most easterly hole drilled on the main zone reported shallow mineralization near the east boundary of the Mountain View Mine property with intersections of 46 feet averaging 4.63% zinc and 17 feet averaging 8.8% zinc in the interval between 79 feet and195 feet.  
  • No core or reverse circulation drilling has ever been reported to the east of the Mountain View Mine property.
  • One of the deepest intersections in the historic core drilling program near the west boundary of the Mountain View Mine property, DDH-36, intersected two zones of mineralization: 31 feet grading 7.42% zinc and 26 feet grading 4.46% zinc.

 

HistoricCore Drilling Results - Summary Table

(1944-45) Shallow Drilling at Mountain View Mine – no core drilling occurred at the Company’sDiscovery Area which is approximately 250 metres to the northwest of the Mountain View Mine (see commentary on Discovery Area RC drilling above)

Screen Shot 2017-06-21 at 11.37.05 PM.png

The drill core assay results above are from 1944 and 1945 as summarized in a table in 1951-1952 and as such predate NI-43-101 standards for disclosure for mineral projects. The data is therefore to be considered historic, it is incomplete, and the assay methods are not known. No QA/QC is known to have been completed and therefore that information contained in this release must be considered to be historic in nature under NI 43-101 and therefore should not be relied upon. True widths have not and cannot be calculated for the intervals in the table above.

 

Sample Preparation and Quality Control

Supervision and organization of reverse circulation drilling chip samples was undertaken by Company personnel.  Samples were collected at 5 foot intervals from a rotating wet splitter assembly attached to the drill rig. Chip tray samples were collected from the reject side of the wet splitter. The splitter was adjusted to produce 10 to 20 pounds of sample.  Samples were collected from the drill in cloth bags by employees of New Frontier Drilling under the supervision of Company personnel.  Samples were catalogued by Nevada Zinc geologists and stored in a secure location.  Certified reference standards were placed in the sample stream of each drill hole at random intervals.  Blank material was also inserted at random intervals.

 

Assay Techniques

Preparation of the samples was done at the ALS Chemex Elko, NV facility.  A 250 gram master pulp was taken, then splits were sent to ALS’s North Vancouver, BC facility or their Reno, NV facility.  A 48 element package using a 4 acid digestion with ICP-AES and ICP-MS completed on all samples. For lead and zinc values exceeding the limits of the 48 element package (1% zinc or lead), the procedure was to use a 4 acid digestion with ICP-AES or AAS finish (ore grade analysis).  In the case of values exceeding the limits of the ore grade analysis (30% zinc, 20% lead), the procedure was to use specialized titration methods.  

 

Laboratory QA/QC

Quality control samples from the lab include numerous control blanks, duplicates and standards. Reference standards used include OREAS-133b, OREAS-134b, OGGeo08, and CZN-4.  No issues were noted with analytical accuracy or precision.  

ALS Chemex’s Reno, Elko, and North Vancouver locations have ISO/IEC 17025:2005 accreditation.

Bruce Durham P.Geo, President and CEO of Nevada Zinc, is a Qualified Person, as that term is defined by Canadian regulatory guidelines under National Instrument 43-101, and has read and approved the technical information contained in this press release.

 

The Lone Mountain Project

While the Company maintains its highly prospective Yukon gold properties and continues to advance them, the current focus of the Company is the exploration and advancement of the highly prospective Lone Mountain Zinc Projectcomprised of 224 claims covering approximately 4,000 acres near Eureka, Nevada. 

The Lone Mountain Project is located in east-central Nevada and is easily accessible via paved and gravel roads northwesterly from Eureka where all essential services are available. The Project includes options, leasesor purchase agreements to acquire 100% interests in all properties along the key structural trend for more than 4 kilometres.

An updated map showing the location of the Phase 5 drill holes is available on the Company’s website: www.nevadazinc.com

 

Stock Options

Pursuant to its Incentive Stock Option Plan the Company has issued to a director of the Company, effective June 20, 2017, 200,000 stock options with an exercise price of $0.35 per share and an expiry date of June 19, 2022.

 

About Nevada Zinc

Nevada Zinc is a discovery driven, early-stage mineral exploration company with a proven management team focused on identifying unique opportunities in mineral exploration that can provide significant value to its shareholders. The Company’s existing projects are located in Nevada and Yukon.

 

For further information contact:

Nevada Zinc Corporation 
Suite 1660 – 141 Adelaide St. West
Toronto, Ontario M5H 3L5
Tel: 416-504-8821

Bruce Durham, President and CEO
bdurham@nevadazinc.com

www.nevadazinc.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc.  Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties.  Actual results may differ materially from those currently anticipated in such statements.

Nevada Zinc Corporation Completes Oversubscribed Prospectus Offering of $2.2 Million

Toronto, Ontario--(Newsfile Corp. - May 29, 2017) - Nevada Zinc Corporation (TSXV: NZN) ("Nevada Zinc" or the "Company") is pleased to announce that it has completed its previously announced short form prospectus offering (the "Offering") of units ("Units") for aggregate gross proceeds of $2,200,249.80.

Nevada Zinc intends to use the net proceeds of the Offering for working capital and general corporate purposes, including continuing exploration and development of the Company's Lone Mountain Project in Nevada and its Yukon properties.

The Offering

Pursuant to the Offering, the Company issued an aggregate of 6,286,428 Units at the price of $0.35 per Unit (the "Offered Securities"). The Offered Securities are comprised of units consisting of one common share ("Common Share") of the Company and one-half of one Common Share purchase warrant ("Warrant"). Each whole Warrant is exercisable into one Common Share of the Company at a price of $0.50 per Common Share for a period of 24 months from the closing date of the Offering.

The Offering was led by Canaccord Genuity Corp. (the "Agent") as the sole lead manager and sole bookrunner. The Company granted the Agent an over-allotment option to sell up to an additional 15% of the Offered Securities pursuant to the Offering, exercisable in whole or in part at any time up to 60 days from the closing of the Offering, to cover over-allotments, if any (the "Over-allotment Option"). As of the closing date of the Offering, the Company issued 572,142 Offered Securities pursuant to the exercise of the Over-allotment Option granted to the Agent. The Agent also received a commission equal to 8% of gross proceeds of the Offering. In addition, the Company issued 502,914 non-transferrable options (the "Compensation Options") to the Agent. Each Compensation Option is exercisable for units consisting of one Common Share of the Company and one-half of one Common Share purchase warrant ("Agent Warrant"). Each whole Agent Warrant is exercisable into one Common Share of the Company at a price of $0.50 per Common Share for a period of 24 months from the closing date of the Offering.

Corporate Update

The Company plans to commence drilling operations in Nevada shortly. The main objectives of the next phase of drilling are to continue to expand the known limits of the zones of zinc mineralization and to provide additional assay data within the boundaries of the limits of the mineralization so that comprehensive models can be prepared as part of determining the size, extent and grade of the near surface zinc mineralization. The Company is also undertaking additional mineralogical and metallurgical test work on material from the various zones of mineralization to further determine possible concentration and dissolution properties of the mineralization. All zinc (and lead) mineralization discovered to date is non-sulphide and appears to be amenable to dense media concentration and furthermore appears to be dissolvable in either acid or base solutions. Concentration and dissolution details may prove to be important in any eventual plans to produce products from the mineralization for further processing on site or for materials to be shipped off-site for further processing.

The Company is also planning to carry out additional geological mapping, prospecting and geophysical surveys to aid in new target definition at other locations on the Lone Mountain property beyond the limits of the known mineralization.

Elsewhere, the Company is planning work programs on its VIP, Goodman and Livingstone gold projects in Yukon. The focus on these projects will be the continuing development of solid exploration targets that warrant drill testing. The Company has outlined targets on each of these large projects and the work planned for the upcoming field season will further refine these drill targets as well as hopefully identify new targets worthy of drill testing. Work in Yukon will commence in June.

Bruce Durham P.Geo, President and CEO of Nevada Zinc, is a Qualified Person, as that term is defined by Canadian regulatory guidelines under National Instrument 43-101, and has read and approved the technical information contained in this press release.

U.S. Disclaimer

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Offered Securities, nor shall there be any sale of the Offered Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Offered Securities will not be, and have not been, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States to, or for the account or benefit of, a U.S. person.

About Nevada Zinc

Nevada Zinc is a discovery driven mineral exploration company with a proven management team focused on identifying unique mineral exploration opportunities that can provide significant value to its shareholders. The Company's existing zinc and gold projects are located in Nevada and Yukon, respectively.

For further information contact:

Nevada Zinc Corporation
Suite 1660, 141 Adelaide St. West
Toronto, Ontario M5H 3L5
Tel: 416-504-8821
Bruce Durham, President and CEO
bdurham@nevadazinc.com

www.nevadazinc.com

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute "forward looking statements", which are not comprised of historical facts. Forward-looking statements may be identified by such terms as "believes", "anticipates", "intends", "expects", "estimates", "may", "could", "would", "will", or "plan", and similar expressions. Specifically, forward looking statements in this news release include, without limitation, statements regarding: the closing of the Offering and the use of proceeds therefrom; the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, and estimates of market conditions. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results or events, performance, or achievements of Nevada Zinc to differ materially from those anticipated or implied in such forward-looking statements. The Company believes that the expectations reflected in these forward-looking statements are reasonable, but there can be no assurance that actual results will meet management's expectations. In formulating the forward-looking statements contained herein, management has assumed that business and economic conditions affecting Nevada Zinc will continue substantially in the ordinary course and will be favourable to Nevada Zinc. Factors that may cause actual results to differ materially from those anticipated by these forward looking statements include: the need to satisfy regulatory and legal requirements with respect to the Offering; changes in equity markets, the Company's ability to raise additional capital if and when necessary; and other factors as described in detail in Nevada Zinc's Annual Information Form and Nevada Zinc's other public filings, all of which may be viewed on SEDAR (www.sedar.com). Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward looking statements and information, which are qualified in their entirety by this cautionary statement. Except as required by law, Nevada Zinc disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

Nevada Zinc Corporation Files Final Prospectus and Announces Pricing for Public Offering of Units

TORONTO, ONTARIO--(Marketwired - May 15, 2017) - Nevada Zinc Corporation ("Nevada Zinc" or the "Company") (TSX VENTURE: NZN) is pleased to announce that it has filed a final short form prospectus (the "Final Prospectus") relating to its previously announced public offering of units (the "Offering"). Pursuant to the Offering, Nevada Zinc will issue 5,714,286 units (the "Units") of the Company at the price of $0.35 per Unit for aggregate gross proceeds of $2,000,000 (the "Offered Securities").

The Offered Securities will be units consisting of one common share ("Common Share") in the Company and one-half of one Common Share purchase warrant ("Warrant"). Each whole Warrant shall be exercisable into one Common Share of the Company at a price of $0.50 per Common Share for a period of 24 months from the closing date of the Offering.

The Company has entered into an agency agreement (the "Agency Agreement") with Canaccord Genuity Corp. (the "Agent"), as sole lead manager and sole bookrunner in respect of the Offering. The Company has granted the Agent an over-allotment option to sell up to an additional 15% of the Offered Securities pursuant to the Offering, exercisable in whole or in part at any time up to 60 days from the closing of the Offering, to cover over-allotments, if any. The Company has agreed to pay the Agent a commission equal to 8% of gross proceeds of the Offering payable in cash or Offered Securities, or any combination of cash or Offered Securities at the option of the Agent. The Company has also agreed to issue to the Agent non-transferrable options (the "Compensation Options") entitling the Agent to subscribe for that number of Units as is equal to 8% of the number of Offered Securities sold pursuant to the Offering at a price of $0.35 per Unit. Each Compensation Option shall be exercisable for units consisting of one Common Share in the Company and one- half of one Common Share purchase warrant ("Agent Warrant"). Each whole Agent Warrant shall be exercisable into one Common Share of the Company at a price of $0.50 per Common Share for a period of 24 months from the closing date.

Nevada Zinc intends to use the net proceeds of the Offering for working capital and general corporate purposes, including continuing exploration and development of the Company's Lone Mountain Project in Nevada and its Yukon properties.

A copy of the Final Prospectus is available at www.sedar.com.

Subject to satisfying customary terms and conditions contained in the Agency Agreement and the receipt of all necessary approvals, including, the approvals of the TSX Venture Exchange (the "TSX-V") and applicable securities regulatory authorities, the Company expects that the closing of the Offering will occur on or about the week of May 25, 2017, or as otherwise agreed to between the Company and the Agent.

The Company has applied to list the Common Shares from the Offering on the TSX-V.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Offered Securities, nor shall there be any sale of the Offered Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Offered Securities being offered will not be, and have not been, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person.

About Nevada Zinc

Nevada Zinc is a discovery driven mineral exploration company with a proven management team focused on identifying unique mineral exploration opportunities that can provide significant value to its shareholders. The Company's existing zinc and gold projects are located in Nevada and Yukon, respectively.

Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute "forward looking statements", which are not comprised of historical facts. Forward-looking statements may be identified by such terms as "believes", "anticipates", "intends", "expects", "estimates", "may", "could", "would", "will", or "plan", and similar expressions. Specifically, forward looking statements in this news release include, without limitation, statements regarding: the closing of the Offering and the use of proceeds therefrom; the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, and estimates of market conditions. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results or events, performance, or achievements of Nevada Zinc to differ materially from those anticipated or implied in such forward-looking statements. The Company believes that the expectations reflected in these forward-looking statements are reasonable, but there can be no assurance that actual results will meet management's expectations. In formulating the forward-looking statements contained herein, management has assumed that business and economic conditions affecting Nevada Zinc will continue substantially in the ordinary course and will be favourable to Nevada Zinc. Factors that may cause actual results to differ materially from those anticipated by these forward looking statements include: the need to satisfy regulatory and legal requirements with respect to the Offering; changes in equity markets, the Company's ability to raise additional capital if and when necessary; and other factors as described in detail in Nevada Zinc's Annual Information Form and Nevada Zinc's other public filings, all of which may be viewed on SEDAR (www.sedar.com). Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward looking statements and information, which are qualified in their entirety by this cautionary statement. Except as required by law, Nevada Zinc disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

Nevada Zinc Corporation
Bruce Durham
President and CEO
416-504-8821
bdurham@nevadazinc.com
www.nevadazinc.com

Suite 1660, 141 Adelaide St. West
Toronto, Ontario M5H 3L5

NEVADA ZINC CORPORATION ANNOUNCES PUBLIC OFFERING OF UNITS

Toronto, Ontario (April 10, 2017) – Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V: NZN) is pleased to announce that it has filed and obtained a receipt for a preliminary short form prospectus (the “Preliminary Prospectus”) with the securities regulators in each of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario, pursuant to which the Company proposes to complete on a commercially reasonable efforts basis a public offering of units of the Company for gross proceeds of $2,000,000 (the “Offered Securities”) upon terms to be determined in the context of the market (the “Offering”) and subject to completion of satisfactory due diligence.

The Offered Securities will be units consisting of one common share in the Company and one-half of one common share purchase warrant (“Warrant”). Each whole Warrant shall be exercisable into one common share of the Company at a price of $0.50 per Warrant for a period of 24 months from the closing date of the Offering.

Canaccord Genuity Corp. (the “Agent”) is acting as sole lead manager and sole bookrunner in respect of the Offering. The Company has granted the agent an over-allotment option to sell up to an additional 15% of the Offered Securities pursuant to the Offering, exercisable in whole or in part at any time up to 60 days from the closing of the Offering, to cover over-allotments, if any. The Company has agreed to pay the Agent a commission equal to 8% of gross proceeds of the Offering payable in cash or Offered Securities, or any combination of cash or Offered Securities at the option of the Agent. The Company has also agreed to issue to the Agent non-transferrable options (the “Compensation Options”) entitling the Agent to subscribe for that number of units as is equal to 8% of the number of Offered Securities sold pursuant to the Offering at the deemed issued price. Each Compensation Option shall be exercisable for units consisting of one common share in the Company and one-half of one common share purchase warrant (“Agent Warrant”). Each whole Agent Warrant shall be exercisable into one common share of the Company at a price of $0.50 per Agent Warrant for a period of 24 months from the closing date.

Nevada Zinc intends to use the net proceeds of the Offering for continuing exploration and development of the Company’s Lone Mountain zinc project in Nevada and the Company’s gold exploration projects in Yukon, and for working capital and general corporate purposes.

A copy of the Preliminary Prospectus is available at www.sedar.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Offered Securities, nor shall there be any sale of the Offered Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Offered Securities being offered will not be, and have not been, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person.

About Nevada Zinc

Nevada Zinc is a discovery driven mineral exploration company with a proven managem ent team focused on identifying unique mineral exploration opportunities that can provide significant value to its shareholders. The Company’s existing zinc and gold projects are located in Nevada and Yukon, respectively.

For further information contact:

Nevada Zinc Corporation

Suite 1660, 141 Adelaide St. West Toronto, Ontario M5H 3L5

Tel: 416‐504‐8821

Bruce Durham, President and CEO bdurham@nevadazinc.com

www.nevadazinc.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute “forward looking statements”, which are not comprised of historical facts. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “intends”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”, and similar expressions. Specifically, forward looking statements in this news release include, without limitation, statements regarding: the closing of the Offering and the use of proceeds therefrom; the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, and estimates of market conditions. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results or events, performance, or achievements of Nevada Zinc to differ materially from those anticipated or implied in such forward-looking statements. The Company believes that the expectations reflected in these forward-looking statements are reasonable, but there can be no assurance that actual results will meet management’s expectations. In formulating the forward-looking statements contained herein, management has assumed that business and economic conditions affecting Nevada Zinc will continue substantially in the ordinary course and will be favourable to Nevada Zinc. Factors that may cause actual results to differ materially from those anticipated by these forward looking statements include: the need to satisfy regulatory and legal requirements with respect to the Offering; changes in equity markets, the Company’s ability to raise additional capital if and when necessary; and other factors as described in detail in Nevada Zinc’s Annual Information Form and Nevada Zinc’s other public filings, all of which may be viewed on SEDAR (www.sedar.com). Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward looking statements and information, which are qualified in their entirety by this cautionary statement. Except as required by law, Nevada Zinc disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

CORRECTION FROM SOURCE - Nevada Zinc: Livingstone Project Potential as Source of Large Gold Nuggets Confirmed by Government Survey

TORONTO, ON / ACCESSWIRE / March 7, 2017 / Nevada Zinc Corporation (NZN.V) (OTC PINK: GDSKF) ("Nevada Zinc" or the "Company") announces that, at the request of IIROC, this document retracts and updates in its entirety the press release disseminated by the Company on March 3, 2017. The Company advises and cautions readers that the retracted disclosure may continue to be found in the public domain and the Company advises readers not to rely on such documents that are hereby superceded by the press release of this date.

The Company is pleased to report that it has correlated several lines of evidence, including a new 2017 government report (Colpron et al, 20171) to define a significant bedrock gold target on its Livingstone gold project ("Livingstone Project") within the Tintina Gold Belt in Yukon. The Company has determined that a strong, steeply west dipping electromagnetic ("EM") conductor, identified in a comprehensive 2017 Yukon Geological Survey study (Colpron et al, 20171) coincides with soil geochemical anomalies identified by Nevada Zinc geologists. The anomaly also coincides with an area that covers the upstream portions of five active placer creeks, known for producing coarse placer gold (Colpron et al, 20171)(Colpron et al, 20162) for which no significant bedrock source has yet been discovered (Colpron et al, 20162). This is also the same area where Nevada Zinc geologists discovered gold values in outcrop that have geochemical indicator elements similar to those in the local placer creek gold nuggets (Stroink, L., 19923).

Bruce Durham, Nevada Zinc President and CEO, commented: "When we first identified Livingstone as a high priority bedrock gold target in 2010, we acquired the best available ground as a starting point for field investigations. Over the past six years our work produced positive results and we expanded our land position repeatedly based on those results. Now we have the targets defined and are ready to drill test some of these high priority targets. No drill holes have been reported in the district to test for the bedrock source of the estimated more than 50,000 ounces of placer gold that has been recovered (Colpron)1 in the Livingstone area. We have identified gold mineralization in bedrock at the head of one of those creeks, Cottoneva Creek, where Colpron1 postulates the placer gold may have originated, clearly identifying this largely overburden covered area as a prime drill target."

Yukon Gold Properties

Nevada Zinc controls a number of land package along the Tintina Gold Belt, a 2,000 kilometre gold district spanning Alaska and Yukon. Nevada Zinc's three priority projects in Yukon are the Livingstone Project, the VIP Project, and the Goodman Project, all in the Tintina Gold Belt. All three are 100% owned, have identified geochemical and geophysical targets, and have never been drilled.

Livingstone Project

The Livingstone Project (156 mineral claims) which covers an area of roughly 14 x 4 kilometres, is located 85 kilometres northeast of Whitehorse, Yukon and is accessible via a winter road and fixed wing aircraft and helicopter. Five west draining creeks, four of which have their headwaters on the Company's property, have produced some very large placer gold nuggets with individual nuggets reportedly weighing as much as 20.5 ounces4 and 39 ounces5 from Livingstone Creek and Summit Creek respectively (link to nugget photos). Colpron1 refers to the source of the placer gold as elusive. There has never been a hole drilled to test for gold in bedrock along the project's 14 kilometre length. Recently released 2016 and 2017 Yukon government reports highlight areas on the Company's property as a potential source for the placer gold (Colpron et al1,2). Airborne geophysical surveying, new geological mapping, age dating and interpretation point to the area along the western margin of an extensive felsic intrusion in contact with a strong conductive geophysical zone as an area likely to be a possible source of the placer gold (mostly on the Company's property). The Company has identified gold associated with galena bearing quartz veins in bedrock correlating to the target area identified by Colpron.

Colpron in the abstract for his recent Yukon Government report (Colpron, et al 20171) summarized as follows:

"The Livingstone Creek area, known for its coarse placer gold, is underlain by mid-Paleozoic metasedimentary, metavolcanic and metaplutonic rocks of the Yukon-Tanana terrane. These rocks were penetratively deformed, metamorphosed under high-pressure conditions in the Permian, and retrogressed to amphibolite facies before the Early Jurassic. A new VTEMTM Plus, helicopter-born geophysical survey over the area has helped to enhance the interpretation of the bedrock geology and to identify potential exploration targets. The lithological, geochemical and isotopic characteristics of metavolcanic rocks, as well as Early Mississippian U-Pb dates from two metagranitoid plutons in the Livingstone Creek area are consistent with the regional character of correlative assemblages in the Yukon-Tanana terrane. Mid Permian and Middle Triassic U-Pb dates from two granitic intrusions further constrain the timing of development of transposition foliation in the area. Magnetic anomalies and electromagnetic conductors define potential exploration targets for the source of placer gold in the centre of the Livingstone Creek area."

Much of this newly identified target identified by Colpron lies on land held by the Company. The full report and a presentation of the data (Colpron 2016) have been posted on the Company's website.

The Company has plans to carry out additional work on the Livingstone Project in 2017.

Any references to gold quantities or gold nugget size in this press release is historical in nature and as such could not be verified sufficiently by the Qualified Person.

VIP Project

The VIP Project (837 mineral claims) covers 17 kilometres west along the main structural trend from Goldcorp's recently acquired Coffee gold deposit (total indicated mineral resource of 63.7 million tonnes averaging 1.45 g/t Au for 2,968,000 ounces of contained gold, and a total inferred mineral resource of 52.4 million tonnes at an average grade of 1.31 g/t Au for 2,212,000 ounces of contained gold6) at a cost of approximately $520 million. The VIP Project contains the East Big Creek target, a 700 metre long northwest trending gold-in-soil and pathfinder element geochemical anomaly that remains untested and open in both directions along strike. The anomaly is up to 250 metres wide. An extensive, prominent magnetic low in airborne magnetic data defines a northwest trending structure directly associated with the East Big Creek target that remains open ended and unexplored along trend for several kilometres.

Goodman Project

The Goodman Project (379 mineral claims) covers 20 kilometres of favourable stratigraphy located along the projection of the Potato Hills Trend and immediately southwest of Victoria Gold's Eagle Gold Deposit (222,193,578 tonnes indicated mineral resource grading 0.68 g/t Au containing 4,992,821 ounces gold and 77,930,767 tonnes inferred mineral resource grading 0.60 g/t Au containing 1,578,707 ounces gold7). The Goodman Project covers the upper reaches of at least five current or historic placer creeks for which there is no known source for the gold. A recent Company airborne magnetic survey clearly outlines a 5 x 1.5 kilometre elongate felsic intrusion (termed the Murphy Intrusion) similar to the host felsic intrusion at the Eagle Gold Deposit. This magnetic anomaly correlates with numerous geochemical anomalies, particularly an extensive, prominent magnetic low in the airborne magnetic data along the southeast margin of the Murphy Intrusion that may reflect strong alteration, possibly the result of gold mineralizing fluids.

Bruce Durham (P.Geo), President and Chief Executive Officer of Nevada Zinc, is a Qualified Person, as the term is defined in Canadian regulatory guidelines under National Instrument 43-101, and has read and approved the technical information contained in this press release.

Early exploration activities and results are preliminary in nature and not conclusive evidence of the likelihood of a mineral deposit.

References

1Colpron, M., Carr, S., Hildes, D. and Piercey, S., 2017. Geophysical, geochemical and geochronological constraints on the geology and mineral potential of the Livingstone Creek area, south-central Yukon (NTS 105E/8). In: Yukon Exploration and Geology 2016, K.E. MacFarlane and L.H. Weston (eds.), Yukon Geological Survey, p. 47-86.

2M. Colpron, D. Hildes, S. Casselman, J. Bond, 2016. Geophysical constraints on the geology and mineral potential of the Livingstone Creek area, south-central Yukon

3Stroink, L. and Friedrich, G., 1992. Gold-sulphide quartz veins in metamorphic rocks as a possible source for placer gold in the Livingstone Creek area, Yukon Territory, Canada. In: Yukon Geology, vol. 3, Yukon Geological Survey, p. 87-98.

4Whitehorse Daily Star; July 26, 1974 $6000 Gold Nugget Found Near City

5 Lindsay, Mark, 2006. LIV Assessment Report Livingstone Creek Area Yukon Territory Yukon Mining Recorder Assessment file 094603

6Kaminak Gold Corporation press release January 6, 2016

7Victoria Gold Corp, MDA dated June 22, 2012 SEDAR

Note: The referenced materials referred to above by Colpron et al from 2016 and 2017 will be posted on the Company's website.

About Nevada Zinc

Nevada Zinc is a discovery driven mineral exploration company with a proven management team focused on identifying unique mineral exploration opportunities that can provide significant value to its shareholders. The Company's existing zinc and gold projects are located in Nevada and Yukon, respectively.

Nevada Zinc cordially invites everyone to meet with its management in the Investors Exchange during the upcoming Prospectors and Developers annual conference in Toronto. We look forward to discussing the progress of the Company at booth #2215 on Tuesday March 7, 2017 and Wednesday March 8, 2017. Registration to attend the Investor's Exchange is free.

For further information, contact:

Nevada Zinc Corporation
Suite 1660, 141 Adelaide St. 
West Toronto, Ontario M5H 3L5
Tel: 416-504-8821

Bruce Durham, President and CEO
bdurham@nevadazinc.com
www.nevadazinc.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

NEVADA ZINC LIVINGSTONE PROJECT POTENTIAL AS SOURCE OF LARGE GOLD NUGGETS CONFIRMED BY GOVERNMENT SURVEY

Toronto, Canada, March 3, 2017 – Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX‐V: NZN) is pleased to report that it has correlated several lines of evidence to define a significant bedrock gold target on its Livingstone gold property within the Tintina Gold Belt in Yukon. The Company has determined that a strong, steeply dipping EM conductor, identified in a comprehensive 2016 Yukon Geological Survey geophysics study, coincides with soil geochemical anomalies identified by Nevada Zinc geologists. The anomaly also coincides with an area that covers the upstream portions of five active placer creeks where some of the largest placer gold nuggets in Yukon history have been recovered and for which no significant bedrock source has yet been discovered. This is also the same area where Nevada Zinc geologists discovered gold in outcrop that has geochemical indicator elements similar to those in the placer nuggets. 

Bruce Durham, Nevada Zinc President and CEO, commented, “when we first identified Livingstone as a high priority bedrock gold target in 2010, we acquired the best available ground as a starting point for field investigations. Over the past 6 years our work produced positive results and we expanded our land position repeatedly based on those results. Now we have the targets defined and are ready to drill test some of these high priority targets. It is hard to believe there has never been a single drill hole completed in the entire district to test for the bedrock source of all those large gold nuggets. For more than 100 years placer miners have been recovering large gold nuggets from five creeks that drain westerly through our property. Finding gold in bedrock at the head of one of those creeks, where the new work postulates the gold originated, clearly identifies this largely overburden covered area as a prime drill location”.

 

Yukon Gold Properties

Nevada Zinc controls a large land package along the Tintina Gold Belt, a 2,000 kilometre gold district spanning Alaska and Yukon and hosting well over 100 million ounces of gold. Nevada Zinc’s three priority projects in Yukon are Livingstone, VIP and Goodman. All three are 100% owned, have identified geochemical and geophysical targets, and have never been drilled. 

 

Livingstone

The Livingstone Project (156 mineral claims) which covers an area of roughly 14 x 4 kilometres, is located 85 kilometres northeast of Whitehorse, Yukon and is accessible via a winter road and fixed wing aircraft. Five west draining creeks, four of which have their headwaters on the Company’s property, have produced some of the largest placer gold nuggets in Yukon since the original Klondike gold rush with individual gold nuggets weighing as much as 39 ounces (link to nugget photos). There has never been a hole drilled to test for gold in bedrock along the project’s 14 kilometre length. Recently released 2016 Yukon government reports highlight areas on the Company’s property as a potential source for these gold nuggets. Airborne geophysical surveying, new geological mapping, age dating and interpretation point to the area along the western margin of an extensive felsic intrusion in contact with a strong conductive geophysical zone as an area likely to be a source of the large nuggets. That a recently identified gold discovery assaying up to 10 g/t gold correlates to that exact area is a testament to their interpretation and the potential for the Livingstone Project to host significant gold in bedrock.

 

VIP

The VIP Project (837 mineral claims) covers 17 kilometres west along the main structural trend from Goldcorp’s recently acquired five million ounce Coffee gold deposit at a cost of approximately $520 million. The VIP property contains the East Big Creek target, a 700 metre long northwest trending gold-in-soil and pathfinder element geochemical anomaly that remains untested and open in both directions along strike. The anomaly is up to 250 metres wide. An extensive, prominent magnetic low in airborne magnetic data defines a northwest trending structure directly associated with the East Big Creek target.

 

Goodman

The Goodman Project (379 mineral claims) covers 20 kilometres of favourable stratigraphy located along the projection of the Potato Hills Trend and immediately southwest of Victoria Gold’s six million ounce Eagle Gold Deposit. It covers the upper reaches of at least five current or historic placer creeks for which there is no known source for the gold. A recent airborne magnetic survey clearly outlines a 5 x 1.5 kilometre elongate felsic intrusion (termed the Murphy Intrusion) similar to the host felsic intrusion at the Eagle Gold Deposit. This magnetic anomaly correlates with numerous geochemical anomalies. An extensive, prominent magnetic low in the airborne magnetic data along the southeast margin of the Murphy Intrusion may reflect strong alteration, possibly the result of gold mineralizing fluids.

Bruce Durham (P.Geo), President and Chief Executive Officer of Nevada Zinc, is a Qualified Person, as the term is defined in Canadian regulatory guidelines under National Instrument 43-101, and has read and approved the technical information contained in this press release.  

 

About Nevada Zinc

Nevada Zinc is a discovery driven mineral exploration company with a proven management team focused on identifying unique mineral exploration opportunities that can provide significant value to its shareholders. The Company’s existing zinc and gold projects are located in Nevada and Yukon, respectively.

Nevada Zinc cordially invites everyone to meet with its management in the Investors Exchange during the upcoming Prospectors and Developers annual conference in Toronto. We look forward to discussing the progress of the Company at booth #2215 on Tuesday March 7, 2017 and Wednesday March 8, 2017. Registration to attend the Investor’s Exchange is free. 

For further information contact:

Nevada Zinc Corporation

Suite 1660, 141 Adelaide St. West Toronto, Ontario M5H 3L5

Tel: 416‐504‐8821

Bruce Durham, President and CEO bdurham@nevadazinc.com

www.nevadazinc.com

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

 

Nevada Zinc Announces Filing of Technical Report on the Lone Mountain Project

TORONTO, ON / ACCESSWIRE / February 27, 2017 / Nevada Zinc Corporation (NZN.V) ("Nevada Zinc" or the "Company") is pleased to announce that the technical report entitled "Technical Report on the Lone Mountain Property Eureka County, Nevada, USA", and dated February 27, 2017 with an effective date of January 25, 2017 (the "Report"), has been filed and is now available on Nevada Zinc's SEDAR profile at www.sedar.com.

The Report was prepared by P&E Mining Consultants Inc. ("P&E") at the request of Mr. Bruce Durham, President and Chief Executive Officer of the Company. The Qualified persons who prepared the report were David Burga, P.Geo., Fred Brown, P.Geo., and Richard H. Sutcliffe, PhD, P.Geo.

The Lone Mountain Property

The Lone Mountain Property (the "Property") comprises 223 contiguous unpatented lode mining claims and one patented claim covering a total area of approximately 4,400 acres. The Lone Mountain claims are located along the northern edge of Lone Mountain. The Property is approximately 7.5 kilometres north of US Highway 50 and can be accessed by vehicles via an unpaved road extending north from Highway 50. Exploration activities may be conducted year-round. The region supports an active mining workforce with significant resources for mineral exploration, mine development and mine operations.

The historical Mountain View mine, located on the Company's patented claim, is reported to have produced approximately five million pounds of zinc between 1942 and 1964 from oxide-carbonate mineralization. The main structural target on the Property is a soil geochemical anomaly with a minimum 1.4 kilometre strike length and a coincident three kilometre CSAMT geophysical anomaly trending NW from the mine. Nevada Zinc's drilling to-date (12,200 metres in 83 holes) has tested approximately 450 metres of strike length of the target and has intercepted multiple long, shallow, high grade zinc oxide intercepts, such as hole LM15-27 with 9.48% zinc and 0.74% lead over 118.92 metres. Mineralization is located within brecciated Devils Gate Limestone and is thought to be structurally controlled.

All zinc and lead mineralization intersected to-date on the Property is non-sulphide (oxide-carbonate) type mineralization. Dissolution (leach) testing during 2016 demonstrated fast and exceptional recovery of over 99% of the zinc from the mineralized rock. Additionally, dense media separation (DMS) test work indicates that up to 90% of the barren carbonate can be separated from the zinc mineralization, greatly reducing the amount of acid that would be needed to dissolve the zinc. These two processes combined could allow for the production of one or more zinc products on site that could be shipped as market-ready. The Company will continue to evaluate these possibilities.

P&E considers that the Property hosts significant high-grade zinc mineralization and warrants further exploration. P&E recommends that the next exploration phase budgeted at Cdn. $2,996,000 should include additional RC drilling, diamond core drilling, geological mapping, geophysical surveying, geochemical, metallurgical and environmental studies.

Bruce Durham (P.Geo), President and Chief Executive Officer of Nevada Zinc, is a Qualified Person, as the term is defined in Canadian regulatory guidelines under National Instrument 43-101, and has read and approved the technical information contained in this press release.

About Nevada Zinc

Nevada Zinc is a discovery driven mineral exploration company with a proven management team focused on identifying unique mineral exploration opportunities that can provide significant value to its shareholders. The Company's existing zinc and gold projects are located in Nevada and Yukon, respectively.

Nevada Zinc cordially invites everyone to meet with its management team in the Investors Exchange during the upcoming Prospectors and Developers annual conference in Toronto. Management looks forward to discussing the progress of the Company at booth #2215 on Tuesday March 7, 2017 and Wednesday March 8, 2017. Registration to attend the Investors Exchange is free.

For further information contact:

Nevada Zinc Corporation

Suite 1660, 141 Adelaide St. West
Toronto, Ontario M5H 3L5
Tel: 416-504-8821