Toronto, Ontario--(Newsfile Corp. - November 26, 2018) - Nevada Zinc
Corporation (TSXV: NZN) ("Nevada Zinc" or the "Company") is very pleased to
announce the commencement of a Preliminary Economic Assessment ("PEA") on the Company's flagship, 100%-owned, Lone Mountain
Zinc Project, located in Eureka County, Nevada, USA.
The objectives of the PEA include:
- Completion of an independent preliminary scoping-level engineering analysis of the project with the aim of producing zinc
compound chemicals and zinc oxide concentrate;
- Providing an estimate of the potential economic value of the project;
- Providing an estimate of the project's capital costs, operating costs, as well as sustaining capital costs;
- Providing a conceptual economic model of the project over the life-of-mine;
- The PEA will be completed and published in the first quarter of 2019.
Bruce Durham, President and CEO, commented "The commencement of the Lone Mountain PEA marks another major step forward for the
Company following completion and filing of the Inferred Mineral Resource Estimate in September of this year. This will be a pivotal
phase for Nevada Zinc as we fast-track the development of the Lone Mountain Project as a zinc chemical compounds and oxide
concentrate project. Our shareholders are uniquely positioned to benefit from the potential significant increase in zinc chemical
compounds demand throughout North American markets."
Don Christie, CFO and Director, stated "The PEA will provide us with a solid base from which we will be able to communicate the
economic characteristics of the Lone Mountain Project and we expect it to be a very exciting and rewarding time for Nevada
Zinc."
About Nevada Zinc
Nevada Zinc is a discovery driven mineral exploration and pre-development company with a proven management team focused on
identifying unique mineral exploration opportunities that have the potential to provide significant economic value to its
shareholders.
The current focus of the Company is the development of the Lone Mountain Zinc Project comprised of 231 claims covering over
1,619 hectares (4,000 acres) near Eureka, Nevada.
The Lone Mountain Zinc Project is located in east-central Nevada and is easily accessible via paved and gravel roads
northwesterly from Eureka where all essential services are available. The Project includes options, leases or purchase agreements
to acquire 100% interests in all properties along the entire key structural trend for more than four kilometres.
The Company has completed 85 reverse circulation drill holes and 13 core drill holes . Results from the drill programs have
shown numerous broad intersections of medium to high grade non-sulphide zinc mineralization in two locations both of which are
located between surface and a depth of approximately 250 metres, most of which may potentially be mined using open pit methods.
Bruce Durham P.Geo, President and CEO of the Corporation is a Qualified Person, as that term is defined by Canadian regulatory
guidelines under National Instrument 43-101, and has read and approved the technical information contained in this press
release.
Additional information about the Company, including its updated investor presentation, is available on the Company's website:
www.nevadazinc.com
For further information contact:
Nevada Zinc Corporation
Suite 1660 141 Adelaide St. West
Toronto, Ontario M5H 3L5
Tel: 416-504-8821
Bruce Durham, President and CEO
bdurham@nevadazinc.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX enture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content
of upcoming work programs, geological interpretations, receipt of property titles, 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, 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 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.
