ZincX Resources Receives Permit Approval for the Akie Property

VANCOUVER, BC / ACCESSWIRE / January 18, 2022 / ZincX Resources Corp. ("ZincX" or the "Company", (TSXV:ZNX),(OTCQB:ZNCXF), (FRA:M9R) is pleased to provide an update on the permitting status for its 100% owned Akie project that hosts the premier Zn-Pb-Ag Cardiac Creek deposit.

Permitting Status Update:

The Company has been advised by the Ministry of Energy, Mines and Petroleum Resources that the surface drilling permit for the Akie property has been renewed for an additional 5-year period that now extends exploration activities to December 31^st, 2026. The permit originally expired on December 31^st, 2020; however due to COVID-19 it was given a one-time, one-year extension to December 31^st, 2021.

The drill permit covers a large exploration area of the 11,580-hectare Akie property, including all three key thrust panels that contain mapped occurrences of the highly prospective Gunsteel Formation. The central thrust panel represents the primary target for exploration on the Akie property and is host to the premier Zn-Pb-Ag Cardiac Creek deposit that has been progressively drilled by the Company. Other high-priority exploration targets on the central panel include the North Lead Zone and NW Extension targets where drilling has identified mineralisation along the same stratigraphic horizon as the deposit. The eastern thrust panel is host to the recently discovered Sitka showing as well as a large open-ended silver soil anomaly. Other exploration targets on this panel include the large South Zinc Anomaly. The western thrust panel is host to the GPS barite showing.

Peeyush Varshney, President and CEO, commented, "We are pleased to have received our drill permit extension for the Akie property. The ongoing support by the government and other stakeholders of our exploration efforts on the Cardiac Creek deposit and Akie property is encouraging.

The spot zinc price is very encouraging and remains well in excess of market expectations, starting 2022 above US$1.60/lb. We believe this is the result of market supply/demand fundamentals and our team remains very bullish on zinc. The addition of zinc to the critical minerals list by Canada and the US Geological Survey in 2021, alongside the approval of massive infrastructure programs in the US and Europe, point to very favorable market demand dynamics. This growing demand, coupled with shrinking supply that is associated with mine closures, will continue to foster strong markets for zinc over the coming years, making the Company's 100% owned Akie project a potential key development project globally."