Nevada Zinc Announces Closing of First Tranche of Non-Brokered Private Placement - Seite 2

About Nevada Zinc

Nevada Zinc is a development stage company focused on the production of zinc-based products including zinc oxide and zinc based micro nutrient fertilizers from its Lone Mountain zinc deposit in Nevada. The Company will be focused on completing project studies for the remainder of 2023 and 2024 in addition to concurrently beginning the permitting process for a zinc oxide production plant adjacent to the Lone Mountain deposit.

Additional information about the Company is available on the Company’s website: www.nevadazinc.com and on the Company’s SEDAR+ profile at www.sedarplus.ca.

For further information please contact:

Mike Wilson, President & CEO
T: [phone]
Email: [e-mail]

Don Christie, CFO
T: [phone]
Email: [e-mail]

Caution Regarding Forward-Looking Statements

This news release may contain forward-looking statements including but not limited to comments regarding the timing and terms of financings, regulatory approvals, timing and content of upcoming work programs, geological interpretations, obligations under existing and future agreements, expected share issuances and ownership positions, expected returns and profits from application of unproven chemical processes to the Company’s mineral projects, partnerships and joint ventures, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results relating to, among other things, subsequent tranches for ongoing financings, regulatory approvals, expected proceeds from financings, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company will be required to complete a PEA and pre-feasibility study to confirm the project’s zinc oxide production flowsheet and project economics. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

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