Inzinc Mining closes $1.04-million private placement

• Inzinc Mining Ltd. closed a non-brokered private placement raising aggregate gross proceeds of $1,047,000.
• The offering consisted of flow-through shares at $0.08 and non-flow-through units at $0.05.
• Proceeds are designated to fund the 2026 diamond drilling program at the Indy Project in British Columbia.
• Drilling is expected to commence mid-May 2026, targeting SEDEX zinc discoveries with lead, silver, and gallium.
• CEO Wayne Hubert acquired 5,000,000 units at $0.05 per unit ($250,000 total investment).
• Insider acquisition increased beneficial ownership from approximately 9.95% to 12.27% on a non-diluted basis.
• Warrants attached to the financing and insider purchase have an exercise price of $0.10 and expire April 2028.

• The financing closing was announced in March 2026; therefore, the closure is largely expected information rather than a surprise catalyst.
• Insider buying by the CEO at a discount to market ($0.05 vs $0.07) signals strong management confidence but does not alter the fundamental geological thesis established in November 2025.
• The capital raise de-risks immediate operations, ensuring the drilling program proceeds as planned, which is critical for an exploration-stage company with limited working capital.
• Given the stock has already appreciated from $0.02 to $0.07 over the past year based on prior high-grade intercepts, this news sustains momentum rather than initiating a new valuation regime.
• The dilution impact of 17.36 million securities issued (shares + warrants) is material relative to the small market cap but necessary for project advancement.

• Flagship Project: Indy Sedex Project located in central British Columbia (90 km SE of Prince George).
• Tenure: 200 km² covering a 30 km strike length with road, rail, power, port, and smelter access.
• Mineralization: Zinc-Lead-Silver-Barite system analogous to the Selwyn Basin; potential for critical minerals like gallium and indium royalties.
• Status: Exploration stage; Phase 1 and Phase 2 drilling completed in 2025 with results extending B-9 zone strike length to >1,000 meters.
• Infrastructure: Premium location reduces future development costs compared to remote jurisdictions.