ZincX Resources Receives Permit Approval for the Akie Property

(TheNewswire)

Vancouver, British Columbia, Canada– Tuesday, April 28, 2026 - TheNewswire – ZincXResources Corp. (“ZincX”or the “Company”, TSX Venture Exchange: ZNX : FRA: A2JLRM ) is pleased toannounce that the Company has been advised by the Ministry of Energy,Mines and Low Carbon Innovation that the surface drilling permit forthe Akie property has been renewed for an additional 2-year periodthat now allows exploration activities to December 31st, 2028. Thepermit was set to expire on December 31st, 2026.

The drill permit covers a large exploration area of the11,580-hectare Akie property, including all three key thrust panelsthat contain mapped occurrences of the highly prospective GunsteelFormation. The central thrust panel represents the primary target forexploration on the Akie property and is host to the premier Zn-Pb-AgCardiac Creek deposit that has been progressively drilled by theCompany. 

ZincX Resources is a Canadian exploration anddevelopment company creating value in the critical metals space --with a focus on zinc  — which has been designated as a criticalmineral in both Canada and the United States. Similar to copper orlithium, zinc will be crucial for the ever-demanding andever-increasing green economy (solar, wind and battery storageapplications).  It is already one of the most used metals in theworld behind iron, aluminum and copper.

The recognition of zinc as a critical mineral has ledto recent significant investments in the Canadian zinc junior space.Fireweed Metals' (TSX.V :FWZ) Macmillan Pass project has attractedsignificant investment from the Lundin Group and Osisko Metals'(TSX : OM) Pine Point project has received a large investment fromAppian Capital. These projects, along with ZincX's Akie project,are all at the preliminary economic assessment stage ofdevelopment. 

Peeyush Varshney, President and CEO, commented, “Weare pleased to have received our drill permit extension for the Akieproperty.   The Akie project is one of the premier global zincprojects in a top-tier jurisdiction with a demonstrated high-grade,large-tonnage, minable-scale deposit with expansion potential andenormous district exploration prospectivity.  The Company remainsextremely undervalued in comparison to its peer group, with tremendouspotential to realize a much higher valuation."

The Akie Zn-Pb-Ag Project

The 100% owned Akieproperty is situated within the Kechika Trough, the southernmost areaof the regionally extensive Paleozoic Selwyn Basin and one of the mostprolific sedimentary basins in the world for the occurrence of SEDEXzinc-lead-silver and stratiform barite deposits.

Since 2005, drilling on the Akie property by ZincXResources has identified a significant body of baritic-zinc-lead SEDEXmineralization known as the Cardiac Creek deposit. The deposit ishosted by siliceous, carbonaceous, fine-grained clastic rocks of theMiddle to Late Devonian Gunsteel Formation.

The Company updated the estimate ofmineral resources at Cardiac Creek in 20181, as follows:

The Company announced robust positive results from the2018 Preliminary Economic Assessment (PEA)1. The PEAenvisages a conventional underground mine and concentrator operationwith an average production rate of 4,000 tonnes per day. The mine willhave an 18-year life with potential to extendthe life-of-mine (LOM) through resource expansion at depth. Keyparameters for the PEA are as follows:

1. For details and QP statements, see technical reportentitled “NI 43-101 Technical Report Akie Project British Columbia,Canada” prepared by JDS Energy & Mining Inc. and filed onhttps://www.sedarplus.ca/ onAugust 2, 2018, and News Release dated August 2, 2018.

The base case used metal prices are calculated from the3-year trailing average coupled with two year forward projection ofthe average price; and are: US$1.21/lb for zinc, US$1.00/lb for leadand US$16.95 for silver. A CDN$/US$ exchange rate of 0.77 was used.The NPV discount rate is 7%. 2. DMS = dense media separation. 3. Alldollar amounts expressed in Canadian dollars.

The PEA is considered preliminary in nature andincludes mineral resources, including inferred mineral resources thatare considered too speculative geologically to have the economicconsiderations applied to them that would enable them to becategorized as mineral reserves. Mineral resources that are notmineral reserves have not yet demonstrated economic viability. Due tothe uncertainty that may be attached to mineral resources, it cannotbe assumed that all or any part of a mineral resource will be upgradedto mineral reserves. Therefore, there is no certainty that the resultsconcluded in the PEA will be realized.

Kechika Regional Project

In addition to the Akie Project, the Company owns 100%of eight of eleven large, contiguous property blocks that comprise theKechika Regional Project including the advanced Mt. Alcock prospect.The remaining three contiguous blocks (Pie, Yuen and Cirque East) areowned 49% by ZNX and 51% by Cirque Operating Corporation which is a50/50 joint venture between Teck Resources Limited and Korea Zinc Co.,Ltd. Six additional blocks which constitute the Kechika North projecthave been optioned to an arm’s length third party. All of theseproperties collectively extend northwest from the Akie property forapproximately 140 kilometres covering the highly prospective GunsteelFormation shale; the main host rock for known SEDEX zinc-lead-silverdeposits in the Kechika Trough of northeastern British Columbia. TheKechika Trough represents tremendous potential for additionaldiscoveries. These properties are located approximately 260 kilometresnorth-northwest of the town of Mackenzie, British Columbia,Canada.

Mike Makarenko P.Eng, JDS Energy and Mining, is thedesignated Qualified Person as defined by National Instrument 43-101and is responsible for the PEA technical information contained in thisrelease.

The TSX VentureExchange has neither approved nor disapproved the contents of thispress release.

ON BEHALF OF THE BOARD OFDIRECTORS

ZINCX RESOURCES CORP.

“PEEYUSHVARSHNEY”

pEEYUSH vARSHNEY, LL.B

CEO & CHAIRMAN

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