Nevada Zinc Applies for Extension to Expiry Dates of Options

Toronto, Ontario--(Newsfile Corp. - December 2, 2015) - Nevada Zinc Corporation (TSXV: NZN) (the " Corporation") has applied to the TSX Venture Exchange (" TSX-V") for the extension of the expiry date of certain incentive stock options previously issued to officers and directors of the Corporation.

The Corporation is seeking to extend the term of an aggregate of 2,150,000 options originally issued on August 3, 2011 with an exercise price of $0.25 per share and an expiry date of August 3, 2016. The request extends the expiry date for these options for an additional five (5) years until August 3, 2021.

About Nevada Zinc

The Corporation 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 Corporation's existing projects are located in Nevada and Yukon.

For further information contact:

Nevada Zinc Corporation
Suite 612 - 390 Bay St.Toronto, Ontario M5H 2Y2 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.