InZinc Mining Ltd. announced the commencement of Phase 1 of a two-phased, 2023 exploration program at the Indy project (100% interest) ("Indy" or the "Project") located 100 kilometres (km) southeast of Prince George in central British Columbia. The fully funded program will explore multiple, new nickel-cobalt-copper targets highlighted as a result of the Keel Red (nickel-cobalt-co copper) discovery in 2022 and continue to advance large zinc targets identified by previous geochemical and geophysical surveys. The Phase 1 program consists of detailed groundwork to evaluate multiple new nickel-cobalt -copper targets and advance two large zinc targets in the northern area of the 7 km Main Trend.

Groundwork includes detailed geological mapping, soil profiling, sampling and access determinations to prioritize the targets for drill testing in Phase 2. The Company has signed a contract for reverse circulation drilling services and expects to commence Phase 2 (drilling) in August. Keel Red Target (nickel-cobALT-copper) In 2022, drill hole IB22-020 (news release January 25, 2023) intersected 27.1 m of buried oxide material starting at 47.3 m downhole and averaging 0.67% zinc and 0.13% nickel. The upper part of the core interval (from 47.3 m to 55.0 m) also returned 0.11% copper over 7.8 m. Additionally, the 27.1 m interval returned cobalt content averaging 163 ppm with values up to 962 ppm (0.10%) over a 1 m core length.

Phase 1 will evaluate proximal geochemical and geophysical responses and potential primary sources of the nickel-cobalt-Copper mineralization intersected at Keel Red. TJ Target (nickel-c Cobalt-copper) The new TJ target, located 425 m west of Keel Red, comprises a 500 m long, high contrast (>95 percentile), coincident nickel-cobalt- copper in soil signal. Delta Ni Target (nickel-cOBalt-copper) The New Delta Ni target, located 100 m east of the Delta Horizon, comprises a 600 m length of high contrast (>95 percentile), coincides nickel-cobalt- Copper in soil signal.

The 1.9 km long Echo target is a continuous high contrast, multi-element (Zn, Pb, Ba, +/- As and Cu signatures) soil geochemical anomaly discovered in 2021. The 1.5 km long Delta Horizon target, a high contrast, multi-element soil geochemical anomaly defined by distinctive Sedex pathfinder elements and rock exposures, was discovered in 2019.