ZincX Resources Corp. provide an update on the permitting status for its 100% owned Akie project that hosts the premier Zn-Pb-Ag Cardiac Creek deposit. Permitting Status Update: The Company has been advised by the Ministry of Energy, Mines and Petroleum Resources that the surface drilling permit for the Akie property has been renewed for an additional 5-year period that now extends exploration activities to December 31st, 2026.

The permit originally expired on December 31st, 2020; however due to COVID-19 it was given a one-time, one-year extension to December 31st, 2021. The drill permit covers a large exploration area of the 11,580-hectare Akie property, including all three key thrust panels that contain mapped occurrences of the highly prospective Gunsteel Formation. The central thrust panel represents the primary target for exploration on the Akie property and is host to the premier Zn-Pb-Ag Cardiac Creek deposit that has been progressively drilled by the Company.

Other high-priority exploration targets on the central panel include the North Lead Zone and NW Extension targets where drilling has identified mineralisation along the same stratigraphic horizon as the deposit. The eastern thrust panel is host to the recently discovered Sitka showing as well as a large open-ended silver soil anomaly. Other exploration targets on this panel include the large South Zinc Anomaly.

The western thrust panel is host to the GPS barite showing. The Company has initiated planning of exploration activities on the Akie property for the 2022 season, including a number of high-priority drill targets. The 100% owned Akie property is situated within the Kechika Trough, the southernmost area of the regionally extensive Paleozoic Selwyn Basin and one of the most prolific sedimentary basins in the world for the occurrence of SEDEX zinc-lead-silver and stratiform barite deposits.

Drilling on the Akie property by ZincX Resources since 2005 has identified a significant body of baritic-zinc-lead SEDEX mineralization known as the Cardiac Creek deposit. The deposit is hosted by siliceous, carbonaceous, fine-grained clastic rocks of the Middle to Late Devonian Gunsteel Formation.