InZinc Mining Ltd. reported the identification of rare earth elements associated with the nickel-cobalt-copper discovery at Keel Red in 2022 and announce commencement of the fully funded 2023 drill program at the Indy project (100% interest) ("Indy" or the "Project") located 100 kilometres (km) southeast of Prince George in central British Columbia. Subsequent to the discovery of nickel-cobalt-Copper mineralization at Keel Red in 2022, the mineralized 27.1 m interval of diamond drill hole IB22-020 has been analyzed for rare earth element (REE) content. In drill hole IB22-020, the entire 27.1 m of buried oxide material starting at 47.3 m downhole has returned 363 ppm total rare earth oxides (TREO).

In addition, and within the above 27.1 m interval: The heavy rare earth oxides (HREO) comprise approximately 60% of the average TREO content over the 27.1 m interval; A higher grade REE bearing downhole interval from 61.0 m to 68.0 m averages 529 ppm TREO over 7.0 m; The highest REE bearing interval, from 66.0 m to 67.0 m downhole, returned 784 ppm TREO over 1.0 m. The red, clay-rich host containing the nickel-cobalt -copper and REE mineralization at Keel Red, with its relatively high HREO content, distinguishes Keel Red from the more common REE bearing occurrences known elsewhere in British Columbia. Interpretation and extension of the shallow Keel Red mineralization will be a priority during the 2023 drill program. Intersections including Rare Earth Metals.

Previously released. Total rare earth oxides include oxides of 15 heavy and light rare earth elements including yttrium, as defined by the USGS, 2018. Standard element to oxide conversion factors have been used in the calculation of rare earth oxide values from elemental assay values.

For the TREO composite results tabled above, MSA Labs of Langley, BC conducted multi-element determination of the mineral samples (46 continuous, downhole) using a lithium borate fusion and inductively coupled plasma-mass spectroscopy (ICP-MS) finish (laboratory coded as IMS-300). Note: Drill intervals represent apparent width. True widths are unknown.

Drill Hole, Interval, From, To, Zinc, Nickel, Copper, Cobalt, TREO (includes Y), Depth Below Surface (m), (m), (m), ("m), (m), (m), (m), (m"), (m), (m),(m), (%), (ppm), (ppm), (pp m), (ppm), (m), (ppm), 27.08m, 47.25, 74.33, 0.67, 0.13, 0.06, 163, 363, 30, includes, 7.75m, 47.75m, 47.25, 55.00, 0.66, 0.14, 0.11, 154, 433, 6.00m, 58.00, 64.00, 0.93, 0.17, 0.09, 280, 427. 2023 Priority Drill Targets. The 2023 drill program includes plans for between 8 to 12 reverse circulation drill holes over approximately 600 m of the Keel Red and Echo North trends in the northern area of the Main Trend.

Other targets will be considered for drilling, time permitting. The program is anticipated to be completed by late September. Nickel - Cobalt - Copper and Rare Earth Element Targets.

Keel Red: In 2022, diamond drill hole IB22-019 intersected 27.1 m of buried red clay rich material starting at 47.3m 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.8 m.8 m".