InZinc Files Positive Preliminary Economic Assessment for West Desert Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 7, 2014) - InZinc Mining Ltd. (TSX VENTURE:IZN) (the "Company") is pleased to announce that the technical report on the Preliminary Economic Assessment ("PEA") of its 100% owned West Desert zinc-iron-copper project (the "Project") in western Utah has been filed on SEDAR. The results of the PEA were announced in an April 1, 2014 news release and illustrated the potential for low-cost zinc, copper and iron production through conventional bulk underground mining and processing methods while generating strong cash-flow and a high rate of return.

Key PEA Economic Parameters:

After-tax Economics:	NPV@ 8% US$258.1 million; IRR 23%; 3.7 year payback from start of production
Capital Costs:	Initial US$247.4 million; Life of Mine US$388.9 million
Life of Mine Production:	1,594.3 Mlbs zinc; 146.7 Mlbs copper; 14.9 Mt iron (magnetite) concentrate
Cash Cost per Lb Zinc:	US$(0.04) C1 direct cash cost; US$0.50 C3 fully allocated cost
Mine Life:	14.8 years

* Long-term metal prices used in the study included zinc at $1/lb, copper at $3/lb, iron ore at $105/t (62% Fe, CFR-Tianjin), gold at $1,300/oz and silver at $21/oz; C1 and C3 costs as per Brook Hunt definitions and include sustaining capital

Metallurgical test work confirmed that the underground resources of the West Desert project are amenable to conventional flotation processing to produce marketable zinc and copper concentrates. The concentrates will respectively contain significant levels of indium and precious metals and are clean, with no deleterious elements at penalty levels. Test work also demonstrated that a marketable iron (magnetite) concentrate can be produced at very high recoveries and low expense using traditional magnetic separation. Efficient removal of a magnetite concentrate in advance of flotation improves the overall zinc and copper grades of feed to the flotation plant and is expected to enhance base metal recoveries.