2018

Minera Alamos Provides Year-End Development Update for Santana Gold Project, Sonora, Mexico

Toronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - December 4, 2018) - Minera Alamos Inc. (TSXV: MAI) ("Minera Alamos" or the "Company") is pleased to provide an update of its 2018 development activities at the Santana gold project located in Sonora, Mexico. Since the project was acquired as part of the merger completed in April this year with Corex Gold, the Company has aggressively advanced the Santana project.

"As the year draws to a close the Minera Alamos team has made excellent progress at Santana in anticipation of what we expect to be our first commercial mine in 2019. The consistent recovered grade from the bulk test work at Nicho Norte coupled with low cyanide consumption suggests the potential for a robust open-pit, heap-leach operation. As a result, discussions with mining contractors have been initiated in anticipation of approval of our commercial permit applications and making a final construction decision," stated Minera Alamos President Doug Ramshaw. "The recent approvals of the Company's permit applications at the La Fortuna gold project exemplify a core competency of our team and its experience of working within the permitting environment in Mexico. We expect that these efforts will be equally successful at the Company's Santana project and look forward to providing our shareholders with the news of those permits in near future."

Test Mining and Mine Development Activities
Over 50,000 t of mineralized material was mined from Nicho Norte and heap leach tested to evaluate grades, recoveries, reagent consumptions and the impact of crush size.

Cumulative overall gold production from the test mining now totals 1,040 oz and represents a recoverable gold grade approaching 0.65 g/t Au.

Crush sizes for the various leach test phases varied from coarse crushing (<3") to fine crushing (<1.2-5/8') and agglomeration. Ultimate gold recoveries from all tests were excellent and consistent with the overall cumulative average. Crush size will ultimately be fine tuned to maximize future profitability at a proposed commercial scale.

While the use of fine crushing/agglomeration appears to improve the gold leach kinetics, ultimate recoveries remained similar to those achieved leaching coarse material.

Cumulative reagent consumptions for the bulk test are low amounting to <0.20 kg/t for both cyanide and lime.

The application for commercial-scale operating permits was submitted (see news release dated July 26th 2018), and the Company anticipates positive notification in the near future.

Leaching from the test pad is winding down; however, the Company is still recovering residual gold and has recently shipped additional gold in concentrate totaling approximately 150 oz. One final shipment is anticipated as this residual leaching draws to a close.

Exploration Successes
A successful Phase 1 drill program yielded positive results from the Nicho Main area including 127.0 m of 0.81 g/t Au, 80.4 m of 1.05 g/t Au and 93.5 m of 0.65 g/t Au with mineralization extending from/near surface (see news releases dated October 11th 2018, October 17th 2018 and October 25th 2018).

The Phase 1 drill program resulted in the discovery of the Divisadero porphyry target located approximately 200 m north of the Nicho Norte zone, returning 95.7 m of 0.85 g/t Au, 9.8 g/t Ag and 0.33% Cu. Mapping and sampling has outlined a

mineralized surface expression in excess of 200m x 300m (see news releases dated October 25th 2018 and November 15th 2018).

The Phase 2 drilling program will commence shortly to follow up on new discoveries made at Santana.

Ongoing Activities
As the Company awaits notification of its commercial-scale operation permit it has been active in developing strategy for a rapid shift to development and construction of a new mine including:

  • Contract negotiations with mining contractors

  • Water well drilling planning

  • Updating of the geological models based on results from Phase 1 drilling

  • Phase 2 drill program to follow up on recent discoveries

  • All these activities will contribute to a formal construction decision
    the Company anticipates making in the first quarter of 2019.

Figure 1 - Santana proposed gold heap leach operations site arrangement


To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/4183/41438_86a843ece4fc7926_002full.jpg

Note: The Company is not basing any production decision on a feasibility study of mineral reserves demonstrating economic and technical viability. Minera Alamos acknowledges and advises there is increased uncertainty and that there are specific economic and technical risks of failure associated with any production decision. The Company believes the historic experience and track record of senior management with gold heap leaching and by advancing in careful prudent steps helps ameliorate possible technical risks.

Nevada Zinc Corporation Announces Commencement of Preliminary Economic Assessment on Lone Mountain Zinc Project in Nevada, USA

TORONTO, November 26, 2018 – Nevada Zinc Corporation (the "Company" or "Nevada Zinc") (TSX Venture: “NZN”) 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 and timing of the PEA include:

  • Completion of an independent preliminary scoping-level engineering analysis of the project with the aim of producing zinc chemical compounds, which includes zinc sulphate, and zinc 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 costs;

  • Providing a conceptual economic model of the project over the life-of-mine;

  • The PEA is scheduled to be completed and filed 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  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 this to be a very exciting and rewarding time for Nevada Zinc.”

About Nevada Zinc

Nevada Zinc is a discovery driven mineral exploration 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 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 which extends for more than four kilometres.

Bruce Durham P.Geo, President and CEO of Nevada Zinc 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.

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.

Additional information about the Company 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.



Minera Alamos Receives Positive Notice Regarding Permit Applications for La Fortuna Gold Project in Durango, Mexico

Toronto, Ontario and Vancouver, British Columbia — (Newsfile Corp. - November 21, 2018) - Minera Alamos Inc. (TSXV: MAI) ("Minera" or the "Company") is pleased to announce that it has received a positive notification from the Mexican environmental authorities (Secretaria de Medio Ambiente y Recursos Naturales - "SEMARNAT") regarding the Company's permit application (MIA/ETJ) for the development of the La Fortuna Gold Project ("Fortuna"). The notification confirms the successful completion of the technical review phase of the Company's application (Estudio Tecnico Justificativo - "ETJ") for the change of land use to construct mining and processing facilities at the Fortuna project area. Following the completion of the change of land use payments, SEMARNAT will be in a position to issue the formal approval documentation for the project.

"The receipt of this notification represents a major milestone for the Company. Despite some procedural changes in the MIA/ETJ application process that caused early delays, the notice was received a little over a year following the completion of our strategic partnership with Osisko Gold Royalties and starts the transformation of the Company from a junior explorer to a growing gold producer," stated Darren Koningen, CEO of Minera Alamos. "Our highly experienced Mexican technical team continues to demonstrate the ability to advance concurrently our full portfolio of late-stage gold development projects. Mexico remains one of the world's premier mine development locations with respect to the timeframes required for permitting of new operations. We now eagerly await similar notifications regarding the Company's Santana gold project which remains our first priority for construction consideration in 2019 according to the Company's current development schedule."

The receipt of a MIA-ETJ permits for the Fortuna project will allow the Company to initiate applications for other state/local permits that will be required in advance of any commercial mine production. These cover activities such as water use and explosives. In addition, the Company can advance discussions with potential contractors related to mining, crushing, construction, etc. The Fortuna MIA-ETJ applications were structured to provide the Company with significant flexibility to further optimize the development approach for the project and the ability to expand the project operations organically once resources are increased.

In advance of a final construction decision, the Company has also initiated discussions with a number of project finance groups that can provide debt facilities complementary to the Fortuna royalty structure arranged with strategic partner Osisko Gold Royalties. The recently completed PEA (see news release dated August 16th 2018) for the project demonstrated an after-tax internal rate-of-return in excess of 90%, a rapid payback of capital of approximately one year and low production costs for an initial 50,000 oz (AuEq) per annum operation (see La Fortuna Gold Project below).

As planning activities are refined in the coming year (2019) the Company will provide regular updates regarding ongoing advancements at the Fortuna project. The PEA identified several opportunities to further enhance the overall project economics and these are currently under review. Included in this list are the following:

Additional metallurgical studies to further optimize the gold extraction process and improve overall metal recoveries.
A staged plant construction plan (possibly involving earlier use of ore sorting technology) to reduce the initial start-up CAPEX and then expand the facilities once production is underway.
Mine planning studies to evaluate opportunities to delay portions of early waste removal until later in the mine life Consideration of more aggressive use of ore sorting to offer additional economic benefits for the project (i.e. plant CAPEX reductions, increased mineable gold ounces, etc.)

Trade-off studies aimed at optimizing cut-off grades (with or without ore sorting) and the incorporation of additional milling capacity - the project is permitted for a 2,000 tpd operation with the PEA based on a starting rate of 1,100 tpd.

In addition to the engineering activities, the Company is also preparing for some new exploration at the Fortuna project. The footprint of the currently drilled deposit is small compared to the overall land position (6,200 Ha) and a number of other areas of historical mining activity have been identified with most having never been evaluated using modern exploration methods.

La Fortuna Gold Project

Details of potential development plans for the Fortuna Gold project were prepared in an independent Preliminary Economic Assessment ("PEA") completed by CSA Global Geosciences Canada Ltd (CSA Global) of Toronto, Canada. For a detailed

summary of the PEA contents refer to a previous news release issued by the Company dated August 16th 2018. (Note to reader: Unless stated all currency references are in US dollars).

  1. GEO-GoldEquivalentOunces

  2. "AISC per ounce" is a nonAAP financial performance measures with no standardized definition under IFRS; additional reference info at bottom of release

  3. Base case prices for gold, silver and copper were assessed at values approximately 2%-7% below the three-year trailing average prices for each of the metals and below the majority of the publicly available. Forward-looking estimates available as of July 2018

PEA Cautionary Note:

Readers are cautioned that the PEA is preliminary in nature and there is no certainty that the PEA results will be realized. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Additional work is needed to upgrade these mineral resources to mineral reserves.

Mr. Darren Koningen, P. Eng., Minera Alamos' CEO, is the Qualified Person responsible for the technical content of this press release under National Instrument 43-101. Mr. Koningen has supervised the preparation of, and has approved the scientific and technical disclosures in this news release.

About Minera Alamos:

Minera Alamos is an advanced-stage exploration and development company with a growing portfolio of high-quality Mexican assets, including the La Fortuna open-pit gold project in Durango with positive PEA completed, the Santana open-pit heap- leach development project in Sonora with test mining and processing completed and the Guadalupe de Los Reyes open-pit gold-silver project in Sinaloa with mine planning in progress. The Company is awaiting the pending approval of permit applications related to the commercial production of gold at both the Santana and Fortuna projects.

The Company's strategy is to develop low capex assets while expanding the project resources and pursue complementary strategic acquisitions.

Minera Alamos Defines Significant Surface Exposure Surrounding New Divisadero Porphyry Discovery Hole -- 95.7 Metres of 1.47 G/T Gold Equivalent -- at the Santana Project, Sonora, Mexico

Toronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - November 15, 2018) - Minera Alamos Inc. (TSXV:
MAI) (the "Company" or "Minera Alamos") is pleased to report that additional mapping and surface sampling of the new Divisadero porphyry discovery has successfully delineated a significant surface exposure of the target which remains open in all directions. To date, a combination of outcrop and limited outcrop/float samples have confirmed the expression of the known porphyry system for over 300 m before it disappears under soil cover (see figure 1).

This work was conducted following the recent success of Phase 1 drill hole S18-121 that intersected a broad zone of a porphyry hosting significant gold, silver and copper mineralization approximately 200 m north of the Nicho Norte breccia pipe. The hole was the first drilled into this new style of polymetallic mineralization that is associated with an andesite porphyry unit related to disseminated pyrite and intrusive breccias.

Divisadero Zone Highlights:

Hole S18-121 - 95.7 m of 0.85 g/t Au, 9.8 g/t Ag and 0.33% Cu - (1.47 g/t AuEQ) from 32 m

Including 70.0 m of 1.1 g/t Au, 11.8 g/t Ag and 0.56% Cu - (1.88 g/t AuEQ) beginning at 55 m down hole (see press release 2018-10-25);
Sixty-six (66) rock samples assayed with over 50% exhibiting grades in excess of 0.10 g/t gold - assays ranging up to 2.2 g/t gold;

Mineralized surface exposure surrounding drill hole S18-121 in excess of 200m x 300m;
Mineralization appears to remain open to the north and south under thin soil cover;
Extent of the gold mineralized systems surrounding the Company's flagship Nicho (Main/Norte) deposits now extends along NW-SE trend for at least 1.2-1.3 km (see figure 2).

"Following the initial drill hole discovery of the new Divisadero porphyry system, our exploration team began the process of mapping and sampling the available surface exposure around this exciting new target. With over half the surface rock samples returning greater than 0.1 g/t gold, we have confirmed the potential of the new system and have successfully followed the known extents of the Divisadero mineralization for a distance of at least 300 m before it recedes under overburden. With this new information we look forward to further defining the target in our upcoming Phase 2 drill program. As a result of this year's exploration, there are now five known areas of "Nicho-style" intrusion related gold mineralization identified at the Santana project site including the newly identified Zata and Divisadero zones. We are confident that as we expand our geological efforts more discoveries will be made." stated Darren Koningen, CEO of Minera Alamos.

Figure 1 - Divisadero Porphyry Mapping and Sampling

To view an enhanced version of Figure 1, please visit:

https://orders.newsfilecorp.com/files/4183/41084_210e7b4074c1f922_002full.jpg

Figure 2 - Divisadero Porphyry Location

To view an enhanced version of Figure 2, please visit:

https://orders.newsfilecorp.com/files/4183/41084_210e7b4074c1f922_003full.jpg

As a result of extensive weathering of the porphyry system surface exposures; copper values though elevated are lower in the surface sampling than those exhibited throughout hole S18-121 which averaged over 0.3% copper over its entire 95m length.

Exploration Plans - Phase 2 Drilling

Evaluation of the new project discoveries is ongoing and will include additional drilling as part of the Company's Phase 2 drill program that is planned to commence shortly and continue into Q1 of 2019. The work will further the understanding of the scale of the porphyry mineralization and its relationship to the mineralized breccia systems that form the predominantly gold-rich mineralization at Nicho Norte and Nicho Main to the southwest.

Mr. Darren Koningen, P. Eng., Minera Alamos' CEO, is the Qualified Person responsible for the technical content of this press release under National Instrument 43-101. Mr. Koningen has supervised the preparation of, and has approved the scientific and technical disclosures in this news release.

All rock samples were collected by Minera Alamos personnel including the Company's exploration geologists. Samples were bagged for analysis and sent for sample preparation at the ALS-Chemex facility in Hermosillo, Mexico. Blanks, duplicates, and standards were randomly inserted with the samples sent for analysis as part of the normal QA/QC procedures. All samples were prepared and analyzed for gold using fire assaying with AA/gravimetric finish in addition to a standard 35-element ICP suite.

Minera Alamos Intersects 127m of 0.81 g/t Gold Ending in Mineralization from Phase 1 Drilling at Santana Project, Sonora, Mexico

Toronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - November 1, 2018) - Minera Alamos Inc. (TSXV: MAI) (the "Company" or "Minera Alamos") is pleased to report additional results from its Phase 1 drill program at the Santana gold project, Sonora, Mexico.

Phase 1 Exploration Highlights:

Latest Hole S18-123 - 127 m of 0.81 g/t Au - Along with S18-123/124, holes S18-116/117/118/119 (previously reported) delineated broad zones of near surface mineralized extensions of the Nicho Main deposit trending southwest of previous historical drilling. Other highlights included 93.5 m of 0.63 g/t Au (S18-116) and 80.4 m of 1.05 g/t Au (S18-117).

Holes S18-123/124 which tested the SW limits of the Nicho Main zone both ended within the mineralized horizon (approximately 150m down hole at 45-degree dip) and indicate potential for deep mineralization extensions that were not considered in previous exploration programs.

New Discovery Hole S18-121 - 96 m of 1.47 g/t AuEq - First hole drilled into a new zone of gold/silver/copper mineralization (Divisadero Zone) located approximately 200m north of the previously known limits at the Nicho Main/Norte Zones. Subsequent surface mapping has confirmed that the new area appears to be open for expansion in all directions.

Discovery of New Nicho-Style Gold Structure (Zata Zone) - Over a surface area of approximately 400m x 400m, sixty- six (66) rock samples were assayed with 50% exhibiting grades suitable for heap leaching (>0.10 g/t Au).

"The Phase 1 program at the Santana gold project has been an overwhelming success," states Darren Koningen, CEO of Minera Alamos. "With the first significant exploration activity on the project since 2011 we have been able to demonstrate that the Nicho Main zone remains open for further expansion. In addition, our ongoing efforts to better understand the geological controls on gold mineralization that occur throughout the property have already been validated by the discovery of the new Divisadero and Zata zones. It is becoming increasingly evident that the mineralizing events that occurred in the Nicho area are present at shallow depths elsewhere on our extensive property holdings. Once we complete the final compilation of the current data we look forward to the initiation of a Phase 2 drilling program."

Table 1 -Nicho Zone Drilling Results Summary Table

Mineralized Interval 1,2

Composite Interval 3

Drill Hole

From (m)

To (m)

Width (m)

Gold (g/t)

Width (m)

Gold (g/t)

Area

S18-114

14.0

29.5

15.5

0.27

Nicho Satellite

And

66.2

81.1

14.9

1.40

And

107.2

117.0

9.8

0.65

And

145.5

172.0

26.5

0.21

S18-115

8.2

26.0

17.8

0.73

Nicho Satellite

And

61.0

73.8

12.8

0.17

And

123.9

129.5

5.6

0.24

S18-116

2.0

95.5

93.5

0.65

60.0

0.97

Nicho

S18-117

19.3

99.7

80.4

1.05

42.0

1.96

Nicho

S18-118

2.5

10.5

8.0

1.0

Nicho

And

48.5

73.0

24.5

0.81

And

90.0

103.6

13.6

0.29

S18-119

1.3

10.7

9.4

0.14

Nicho

And

20.5

34.9

14.4

0.33

And

77.9

82.5

4.6

0.25

S18-120

Hole abandoned due to faulting

Nicho Norte

S18-1225

No significant mineralization

Nicho Norte

S18-1234

23.2

150.5

127.3

0.81

63.7

1.55

Nicho

S18-1244

8.5

38.5

30.0

0.23

Nicho

And

85.5

160.0

74.5

0.32

Notes:

  1. Grades/widths of mineralized intervals represent complete "from" "to" drill depths as shown.

  2. Allholes(withtheexceptionofS18-122whichwasdrilledvertically)weredrilledat45-70degreeinclinationsdesignedto

    be roughly perpendicular to the understood dip of mineralized structures based on the current understanding of the

    geological structures. The true widths of the mineralized zones in these areas are currently unknown.

  3. Grade/widthofcompositeintervalsisatotalofallmineralizedintervalsthathavegoldgradesequaltoorinexcessof

    "typical" open-pit mining heap leach cut-off grades of 0.15 g/t gold.

  4. Holeendedinmineralization

  5. HoleS18-122wasredrilledverticallyinthesamelocationasS18-120whichwasabandoned.

Table 2 - Divisadero Porphyry Discovery Hole

Notes:

  1. Grades/widths of mineralized intervals represent complete "from" "to" drill depths as shown.

  2. Theholewasdrilledata70-degreeinclination.Thetruewidthofthemineralizedzoneinthisnewareaiscurrently

    unknown.

  3. GoldEquivalentcalculatedusingthefollowingmetalprices-$1250/ozgold,$16/ozsilverand$2.85/lbcopper.

    Figure 1 - Drill Hole Location Map

    To view an enhanced version of Figure 1, please visit:

    https://orders.newsfilecorp.com/files/4183/40786_b409c011d46eaa84_002full.jpg

All diamond drill samples were collected by Minera Alamos personnel including the Company's exploration geologists. Drill core samples were cut in half and divided into 1-2 m intervals. One half of the sample was bagged for analysis and the remaining half was logged by Minera Alamos personnel and stored for future reference. Blanks, duplicates, and standards were randomly inserted with the samples sent for analysis as part of the normal QA/QC procedures.

All samples were prepared and analyzed for gold using fire assaying with AA/gravimetric finish. All samples were sent for sample preparation at the ALS-Chemex facility in Hermosillo, Mexico.

Figure 2 - Santana Overview Map

Mineralized Interval 1,2

Drill Hole

From (m)

To (m)

Width (m)

Gold (g/t)

Silver (g/t)

Copper (%)

Gold Eq3 (g/t)

Area

S18- 121

32.0

127.7

95.7

0.85

9.8

0.33

1.47

Divisadero

incl

55.0

125.0

70.0

1.10

11.8

0.56

1.88

To view an enhanced version of this graphic, please visit:

https://orders.newsfilecorp.com/files/4183/40786_b409c011d46eaa84_003full.jpg

Mr. Darren Koningen, P. Eng., Minera Alamos' CEO, is the Qualified Person responsible for the technical content of this press release under National Instrument 43-101. Mr. Koningen has supervised the preparation of, and has approved the scientific and technical disclosures in this news release.

New Discovery Hole - 95.7 metres of 1.47 g/t gold equivalent at the Santana Project, Sonora, Mexico

TORONTO and VANCOUVER, Oct. 25, 2018 /CNW/ - Minera Alamos Inc. (the "Company" or "Minera Alamos") (TSX VENTURE:MAI) is pleased to report the discovery of a new broad zone of gold/silver mineralization in its Phase 1 drill program at the Santana gold project, Sonora, Mexico. The discovery drill hole into the new Divisadero zone, was drilled approximately 200m north of the known mineralization limits at the Nicho Main and Nicho Norte zones and returned a wide intercept of disseminated gold, silver and copper mineralization in a previously underexplored part of the Santana Property. The hole is the first drilled deep enough to intersect this new style of polymetallic mineralization that is associated with an andesite porphyry unit related to disseminated pyrite and intrusivebreccias. Basedonsurfaceexposuresandknowngeologythemineralizedsystemappears to be open to expansion in all directions.

Drilling Highlights:

Hole S18-121 – 95.7 m of 0.85 g/t Au, 9.8 g/t Ag and 0.33% Cu – (1.47 g/t AuEQ)
from 32 m
Including 70.0 m of 1.1 g/t Au, 11.8 g/t Ag and 0.56% Cu – (1.88 g/t AuEQ) beginning at 55 m down hole.

"This new discovery hole is an extremely exciting development for the Company" stated Darren Koningen, CEO of Minera Alamos. "One of the driving factors behind the merger between Minera Alamos and Corex earlier this year was the significant untapped potential we believed we could unlock once the two Companies' contiguous land packages were combined. As our knowledge base grows and we continue to better understand the regional geology we should continue to find additional mineralization. The discovery of the Divisadero area provides further evidence that the mineralizing events that occurred in the Nicho area are present at shallow depths elsewhere on our extensive property holdings."

Hole S18-121 (70-degree inclination) was the Company's first effort to assess the potential extensions of known mineralization on Corex's Santana claim group on to the Minera Alamos Los Verdes claim group directly to the north. Rather than exhibiting Nicho style mineralization, S18-121 returned a considerable interval of more porphyry style mineralization with broad, rather evenly distributed gold, silver and copper disseminated throughout much of the hole starting from 32 metres down the hole (see Table 1).

The Company is currently evaluating the significance of this new discovery and its relationship with the mineralized breccia systems that form the predominantly gold rich mineralization at Nicho Norte and Nicho to the southwest. Preliminary surface mapping immediately adjacent to the intercept shows that the mineralized porphyritic unit extends in all directions and appears to be distinct from the Nicho Main and Norte zones to the south. Additional holes are planned to further test the discovery as part of Phase 2 drilling at Santana.

The Phase 1 drilling program has now concluded with the completion of ten holes totalling approximately 1500 m. The remaining holes yet to be reported include further testing of the southwest extensions of the Nicho deposit (see Figure 1). Planning of the Phase 2 drill program will begin once the remaining drilling results have been received and evaluated.

Table 1 – Mineralized intervals from 2018 Santana Project drill program

Mineralized Interval 1,2

Drill Hole

From (m)

To (m)

Width (m)

Gold (g/t)

Silver (g/t)

Copper (%)

Gold Eq 3 (g/t)

S18-121

95.7

0.33

1.47

Assay results are pending from the remaining three holes; the results, as well as additional geological interpretations, will be released as they are received over the coming weeks. All diamond drill samples were collected by Minera Alamos personnel including the Company's exploration geologists. Drill core samples were cut in half and divided into 1-2 m intervals. One half of the sample was bagged for analysis and the remaining half was logged by Minera Alamos personnel and stored for future reference. Blanks, duplicates, and standards were randomly inserted with the samples sent for analysis as part of the normal QA/QC procedures.

All samples were prepared and analyzed for gold using fire assaying with AA/gravimetric finish. All samples were sent for sample preparation at the ALS-Chemex facility in Hermosillo, Mexico.

Figure 1 – Drill Hole Location Plan (CNW Group/Minera Alamos Inc.)

Guadalupe de los Reyes Option Payment Extension

Minera Alamos and Vista Gold Corp. ("Vista") have agreed to extend the due date for the
second US$1.5 million option payment for the Guadalupe de los Reyes gold / silver project in Sinaloa, Mexico ("the GdR Project") by six months to April 23, 2019. The extension will better align development plans for the GdR project with those previously announced for the Company's Santana and Fortuna projects. Minera Alamos continues to advance engineering efforts for the GdR project and community discussions related to the development of a commercial gold mining operation at the site.

As consideration for the deferral, Vista will receive an additional US$150,000 in cash, US$50,000 of which has already been paid and US$100,000 of which will be paid no later than January 23, 2019. In addition, Vista will receive interest at a rate of 1.5% per month on the deferred amount beginning January 24, 2019.

Mr. Darren Koningen, P. Eng., Minera Alamos' CEO, is the Qualified Person responsible for the technical content of this press release under National Instrument 43-101. Mr. Koningen has

Area

32.0

127.7

0.85

9.8

Divisadero

incl

55.0

125.0

70.0

1.10

11.8

0.56

1.88

Notes:

  1. Grades/widths of mineralized intervals represent complete "from" "to" drill depths as shown.

  2. The hole w as drilled at a 70-degree inclination. The true w idth of the mineralized zone in this new area is currently unknow n.

  3. Gold Equivalent calculated using the following metal prices - $1250/oz gold, $16/oz silver and $2.85/lb copper.

supervised the preparation of, and has approved the scientific and technical disclosures in this news release.

Minera Alamos drills 80.4 metres of 1.05 g/t gold from near surface at Santana project, Sonora, Mexico

TORONTO and VANCOUVER, Oct. 17, 2018 /CNW/ - Minera Alamos Inc. (the "Company" or "Minera Alamos") (TSX VENTURE:MAI) is pleased to report the second round of results from its Phase 1 drill program at the Santana gold project, Sonora, Mexico. The 2018 drill program is the first exploration drilling to be conducted at Santana since 2011. The new holes drilled were intended to evaluate the southwest extension of the Nicho main zone which was previously intersected by Hole S118-116 – see news release "Minera Alamos Drills 93.5 Metres of 0.65 g/t Gold from Surface at Santana Project" dated October 10, 2018. All drill holes analyzed to date continue to encounter zones of disseminated gold mineralization.

Drilling Highlights:
Hole S18-117 – 80.4 m of 1.05 g/t Au

Hole S18-118 – 8.0 m of 1.0 g/t Au; and 24.5 m of 0.81 g/t Au

"The recent drill results continue to demonstrate the potential for growth of the mineralization contained within the Nicho deposit and we expect these results to have a positive impact on the ongoing pit design." stated Darren Koningen, CEO of Minera Alamos. "While we continue to expand the footprint of the Nicho zone we also look forward to pending drill results from new areas to the north of the proposed open pit".

Holes S18-117 (60-degree inclination) and S18-118 (45-degree inclination) were step-out holes designed to further assess the southwest extensions of the main Nicho zone (see Figure 1). Hole S18-117 returned 80.4m of 1.05 g/t gold starting approximately 10 m below surface. The application of a typical open pit heap leach cut-off grade of 0.15 g/t results in 42 m of mineralization containing approximately 1.96 g/t gold (see Table 1). Hole S18-118 returned several intervals of disseminated gold mineralization including 8 m of 1.0 g/t gold from surface and a broader 24.5m of 0.81 g/t gold starting 48m down hole. The results from these two holes not only expand the mineralization to the southwest but demonstrate that Nicho remains open for further expansion.

Hole S18-119 was positioned further southwest along the mineralized topographic ridge that hosts the Nicho gold mineralization. The hole passed through a large interval of porphyritic andesite similar to that of the host rock for holes S18 116/117/118 with multiple zones of gold mineralization as listed inTable1. The data confirms that this lithological unit appears to remain open and additional drilling has been targeted in this area.

The Phase 1 drilling program has now concluded with the completion of ten holes totalling approximately 1500 m. The remaining holes yet to be reported include further testing of the southwest extensions of the Nicho deposit (see Figure 1) as well as areas to the north of the Nicho zone. Planning of the Phase 2 drill program will begin once the remaining drilling results have been received and interpreted.

Table 1 – Mineralized intervals from 2018 Santana Project drill program Mineralized Interval 1,2 Composite Interval 3

Assay results are pending from the remaining four holes; the results, as well as additional geological interpretations, will be released as they are received over the coming weeks. All diamond drill samples were collected by Minera Alamos personnel including the Company's exploration geologists. Drill core samples were cut in half and divided into 1-2 m intervals. One half of the sample was bagged for analysis and the remaining half was logged by Minera Alamos personnel and stored for future reference. Blanks, duplicates, and standards were randomly inserted with the samples sent for analysis as part of the normal QA/QC procedures.

All samples were prepared and analyzed for gold using fire assaying with AA/gravimetric finish. All samples were sent for sample preparation at the ALS-Chemex facility in Hermosillo, Mexico.

Mr. Darren Koningen, P. Eng., Minera Alamos' CEO, is the Qualified Person responsible for the technical content of this press release under National Instrument 43-101. Mr. Koningen has supervised the preparation of, and has approved the scientific and technical disclosures in this news release.

Figure 1 - Drill Location Plan (CNW Group/Minera Alamos Inc.)


About Minera Alamos
Minera Alamos is an advanced-stage exploration and development company with a growing portfolio of high-quality Mexican assets, including the La Fortuna open-pit gold project in Durango with positive PEA completed, the Santana open-pit heap-leach development project in Sonora with test mining and processing completed and the Guadalupe de Los Reyes open-pit gold-silver project in Sinaloa with mine planning in progress.

The Company's strategy is to develop low capex assets while expanding the project resources and pursue complementary strategic acquisitions.

Caution Regarding Forward-Looking Statements
This news release may contain forward-looking information and Minera Alamos cautions readers that forward-looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of Minera Alamos included in this news release. This news release includes certain "forward-looking statements", which often, but not always, can be identified by the use of words such as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". These statements are based on information currently available to Minera Alamos and Minera Alamos provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements with respect to Minera Alamos' future plans with respect to the Projects, objectives or goals, to the effect that Minera Alamos or management expects a stated condition or result to occur and the expected timing for release of a resource and reserve estimate on the Projects. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, the economics of processing methods, project development, reclamation and capital costs of Minera Alamos' mineral properties, the ability to complete a preliminary economic assessment which supports the technical and economic viability of mineral production could differ materially from those currently anticipated in such statements for many reasons. Minera Alamos' financial condition and prospects could differ materially from those currently anticipated in such statements for many reasons such as: an inability to finance and/or complete an updated resource and reserve estimate and a preliminary economic assessment which supports the technical and economic viability of mineral production; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Minera Alamos' activities; and other matters discussed in this news release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Minera Alamos' forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Minera Alamos' forward-looking statements. Minera Alamos does not undertake to update any forward-looking statement that may be made from time to time by Minera Alamos or on its behalf, except in accordance with applicable securities laws.

Minera Alamos Drills 93.5 Metres of 0.65 g/t Gold From Surface at Santana Project

TORONTO and VANCOUVER, Oct. 11, 2018 /CNW/ - Minera Alamos Inc. (the "Company" or "Minera Alamos") (TSX VENTURE:MAI) is pleased to report the initial results from its Phase 1 drill program at the Santana gold project, Sonora, Mexico. The 2018 drill program is the first exploration drilling to be conducted at Santana since 2011. The first three holes were drilled near or within the Nicho deposit and were intended to evaluate mineralized extensions of previous exploration programs. All drill holes encountered zones of disseminated gold mineralization. Initial results support the Company's long held belief that there are numerous exploration targets in the Santana project area that could add significantly to the ongoing development plans of a proposed heap leach operation currently awaiting receipt of commercial-scale permits from the Mexican authorities (see release dated July 26th, 2018).

Drilling Highlights:

Hole S118-116 – 93.5 m of 0.65 g/t Au (from surface)

Hole S118-115 – 17.8 m of 0.73 g/t Au
Hole S118-114 – 15.5 m of 0.27 g/t Au; and 14.9 m of 1.4 g/t Au

"In addition to near-term production potential, a criteria for all of the projects in the Company's developmentportfolioisthattheconcessionareascontainsignificantexplorationupside. Whilewe have been aggressively pursuing production permits our exploration team has been working in parallel to expand geological models and target high priority areas for resource expansion potential." stated Darren Koningen, CEO of Minera Alamos. "These very encouraging drill results at the Santana project are the start of an ongoing exploration program designed to demonstrate the significant untapped value contained in our development assets".

Hole S118-116 was a step-out hole to assess the continuity of the southwest mineralization in the main Nicho zone (see Figure 1). The hole returned 93.5m of 0.65 g/t gold starting from just below the topographic surface. The application of a typical open pit heap leach cut-off grade of 0.15 g/t results in +60 m of mineralization containing approximately 1 g/t gold (see Table 1).

Holes S118-114 and S118-115 were targeted to examine a satellite zone of gold mineralization located immediately to the northeast of the Nicho deposit and its potential continuity with the main gold system. Both holes intersected multiple zones of gold mineralization. The new data is currently being interpreted in the context of the updated geological model for the deposit and the area will be the target of follow-up efforts as part of the Phase 2 drill program.

The Phase 1 drilling program has now concluded with the completion of ten holes totalling approximately 1500m. The remaining holes yet to be reported include further testing of the southwest extensions of the Nicho deposit (see figure 2), in advance of mine planning activities in addition to new zones of mineralization located north of the main Nicho deposit.

Table 1 – Mineralized intervals from 2018 Santana Project drill program.

Mineralized Interval 1,2

Drill Hole From (m) To Width Gold (m) (m) (g/t)

Composite Interval 3
Width Gold Area

(m) (g/t)

14.0 29.5 15.5 0.27

  1. S118-114  And And And

  2. S118-115  And And

S118-116

Notes:

66.2 81.1 14.9

107.2 117.0 9.8

145.5 172.0 26.5

8.2 26.0 17.8

61.0 73.8 12.8

123.9 129.5 5.6 2.0 95.5 93.5

1.40

0.65
0.21
0.73
0.17
0.24 19 0.90

0.65 60 0.97

Nicho Satellite

Nicho Satellite Nicho

  1. Grades/widths of mineralized intervals

  2. Allholesweredrilledat45-60degreeinclinationsdesignedtoberoughlyperpendiculartotheestimateddipofmineralizedstructures. Basedoncurrentunderstanding

    of the geological structures, true w idths of the mineralized zones are expected to be 80-90% or greater of the drill w idths outlined in the table above.

  3. Grade/width of composite intervals is a total of all mineralized intervals that have gold grades equal to or in excess of "typical" open pit mining heap leach cut-off grades

    of 0.15 g/t gold.

Assay results are pending from the remaining seven holes and the results, as well as addition geological interpretations will be released as they are received over the coming weeks. All diamond drill samples were collected by Minera Alamos personnel including the company's exploration geologists. Drill core samples were cut in half and divided into 1-2 m intervals. One half of the sample was bagged for analysis and the remaining half was logged by Minera Alamos personnel and stored for future reference. Blanks, duplicates and standards were randomly inserted with the samples sent for analysis as part of the normal QA/QC procedures.

All samples were prepared and analyzed for gold using fire assaying with AA/gravimetric finish. All samples were sent for sample preparation at the ALS-Chemex facility in Hermosillo, Mexico.

Mr. Darren Koningen, P. Eng., Minera Alamos' CEO, is the Qualified Person responsible for the technical content of this press release under National Instrument 43-101. Mr. Koningen has supervised the preparation of, and approved the scientific and technical disclosures in this news release.

Figure 1 – Drill section (CNW Group/Minera Alamos Inc.)

represent complete "from" "to" drill depths as shown.

Figure 2 – Drill Location Plan (CNW Group/Minera Alamos Inc.)

About Minera Alamos

Minera Alamos is an advanced stage exploration and development company. Its growing portfolio of high-grade Mexican projects includes the La Fortuna open pit gold project in Durango and the Guadalupe de los Reyes gold/silver project in Sinaloa as well as the now combined Santana/Los Verdes gold-copper project in Sonora. The Company is well financed to conduct all of its planned exploration and development activities and continues to pursue additional project acquisitions in Latin America.

Nevada Zinc Reports Initial Mineral Resource Estimate for the Lone Mountain Zinc Project, Nevada

Toronto, Canada July 25, 2018- Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V: NZN) is pleased to announce the receipt of an initial Mineral Resource Estimate of the mineralization outlined to-date at the Company’s Lone Mountain Project, Nevada (the “Project”). The Mineral Resource Estimate, completed by independent firm P&E Mining Consultants Inc., is based upon the results from 85 reverse circulation drillholes and 13 core drillholes completed to-date on the Project. The most recent program of core drillholes was designed to corroborate assay grades from the reverse circulation drilling as well as to provide further geological information and to expand the footprint of the mineralization. At a cut-off grade of 2% zinc, the pit constrained Inferred Mineral Resource Estimate was determined to be 3,257,000 tonnes grading 7.57% zinc and 0.70% lead.

The mineralization is virtually sulphide free, has a low iron content and has been shown to be comprised of primarily zinc oxide and zinc carbonate minerals (hemimorphite and smithsonite). The physical and chemical characteristics of the zinc mineralization outlined at Lone Mountain make it  potentially suitable for the production of zinc sulphate. Metallurgical test work currently underway (in addition to work previously reported by the Company) shows the mineralization can be leached under atmospheric conditions using sulphuric acid. The targeted end product after leaching would be zinc sulphate and oxide compounds. Zinc sulphate is used on its own or in combination with other inputs to produce crop fertilizer. Currently, zinc deficiency is the most common micronutrient deficiency in crops globally. Crop yields have been proven to increase significantly through the application of zinc sulphate.

Approximately 8% of world zinc production is consumed as zinc sulphate and oxide compounds. Production of zinc chemical compounds could present an attractive opportunity for the Company.

The Company is continuing to evaluate the possibility of producing various zinc  chemical compounds as a potentially low capital cost high margin alternative to selling a zinc concentrate product to a smelting facility. Metallurgical test work is continuing at SGS Canada Inc. near Lakefield, Ontario.

President and CEO of Nevada Zinc, Bruce Durham commented: “This initial Mineral Resource Estimate of the tonnage and grade of mineralization outlined to-date is another important step forward for Nevada Zinc. We have only tested about 20% of the strike length of the main controlling structure on the Project and still have additional surface exploration to complete over much of the eastern part of the Project.  With consensus forecasts for sustained reasonably strong zinc prices, Nevada Zinc is well positioned to take advantage of the fundamentally strong zinc market. The Project is particularly well located in the strong mining jurisdiction of eastern Nevada, an advantage we intend to exploit as we move the Project forward. The physical and chemical characteristics of our mineralization could make it an ideal feedstock for the production of zinc sulphate, oxide and other chemical compounds.  

Highlights - Mineral Resource Estimate

  • The pit constrained Inferred Mineral Resource Estimate was calculated at a 2% zinc cut-off.

  • Using the 2% zinc cut-off, the Inferred Mineral Resource Estimate is 3,257,000 tonnes at a grade of 7.57% zinc and 0.70% lead.

  • There remains significant potential to expand the limits of the mineralization discovered to-date and also discover other areas of mineralization on the Project.

  • Metallurigical investigations including leach testing are continuing.  

  • Good progress has been made with respect to the concept to concentrate zinc mineralization at site and ship the concentrate to a smelter facility or alternatively to concentrate mineralization at site and subsequently leach the zinc carbonate and oxide mineralization to make zinc sulphate products on site or elsewhere locally.

  • There remains significant potential for the Company to find zinc lead sulphide mineralization at depth as was the case with Arizona Mining discovering the Taylor sulphide deposit below near surface oxide mineralization.

  • No significant drilling has been completed elsewhere on the Project.

Notes on the Mineral Resource Estimate from P&E Mining Consultants Inc. Include:

The drillhole database contains 85 reverse circulation drillholes and 13 diamond drillholes.

A topgraphic surface was constructed using 6m (20 ft) contours supplied by Nevada Zinc combined with the 74 surveyed drillhole collars.  The elevations of the remaining hand held GPS surveyed drillhole collars were adjusted to the resulting topographic surface.

Mineralization domains (wireframes) were constructed from connected cross-sectional polylines using a 2% Zn cut-off. The mineralization is confined to the Devil’s Gate limestone which resulted in two discrete northern mineralized domains and four discrete southern mineralized domains.

The assay information from all of the drilling by the Company completed since 2014 was utilized as the database in this initial NI 43-101 Mineral Resource Estimate.

A total of 1,049 assays were available for grade estimation.

The  drillhole database contains 87 density measurements taken by pycnometer with values ranging from 2.55 to 4.07 tonnes per cubic meter. The average density within the defined mineralized domains is 2.98 tonnes per cubic meter and the average density of the surrounding country rock is 2.79 tonnes per cubic meter. A thin alluvium layer is present.

Since the mineralized domains are contained within the Devil’s Gate limestone, a 10% void discount factor was applied.

Only a few assay intervals for zinc, lead, arsenic and sulphur were capped.

Grade estimation was carried out using Inverse Distance Squared anisotropic linear weighting of between three and fifteen capped assay intervals selected within a search envelope oriented parallel to the defined structures. P&E Mining Consultants Inc. considers that the information available for the Nevada Zinc Corporation Lone Mountain Deposit demonstrates reasonable geological and grade continuity and satisfies the requirements for an NI 43-101 Inferred Mineral Resource Estimate.

For reporting purposes, an optimized pit shell was constructed to constrain the modelled mineralization using the following economic parameters (US$):


Screen Shot 2018-12-11 at 9.27.45 PM.png





The pit constrained Inferred Mineral Resource Estimate at a 2% Zinc cut-off is as follows:




The sensitivity of the Mineral Resource Estimate(1-4) to Zn cut-off grade is as follows:

Screen Shot 2018-12-11 at 9.27.53 PM.png
Screen Shot 2018-12-11 at 9.28.07 PM.png

(1) Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.  

(2) The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.

(3) The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.

(4) The Mineral Resources in this report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council.

  

The Inferred Mineral Resouce Estimate for the Project disclosed in this press release was prepared by Fred Brown, P.Geo. and Egene Puritch, P.Eng, FEC, CET of P&E Mining Consultants Inc. By virtue of their education and experience Mr. Brown and Mr. Puritch are Qualified Persons under National Instrument 43-101. Each of them has read and approved the technical contents of this press release as to the accuracy of the statements relating to the Lone Mountain Mineral Resource Estimate.

Bruce Durham P.Geo, President and CEO of Nevada Zinc, is a Qualified Person, as that term is defined by Canadian regulatory guidelines under National Instrument 43-101, and has read and approved the scientific and technical information contained in this press release.

Assay Techniques




Preparation of the samples was done at the ALS Chemex Elko, NV facility.  A 250 gram master pulp was taken then splits were sent to ALS’s North Vancouver, BC facility.  A 48 element package using a 4 acid digestion with ICP-AES and ICP-MS was completed on all samples. For lead and zinc values exceeding the limits of the 48 element package (1% zinc or lead), the procedure was to use a 4 acid digestion with ICP-AES or AAS finish (ore grade analysis).  In the case of values exceeding the limits of the ore grade analysis (30% zinc, 20% lead), the procedure was to use specialized titration methods.




Laboratory QA/QC

Quality control samples from the lab include numerous control blanks, duplicates and recognized standards. Reference standards used include OREAS-131b, OREAS-133b, OREAS-134b, OGGeo08, and CZN-4.  No significant issues were noted with analytical accuracy or precision.

ALS Chemex’s Elko, Reno and North Vancouver location has ISO/IEC 17025:2005 accreditation.

 





About Nevada Zinc

Nevada Zinc is a discovery driven mineral exploration company with a proven management team focused on identifying unique mineral exploration opportunities that have the potential to provide significant value to its shareholders.

While the Company continues to maintain a significant equity interest in the highly prospective Yukon gold properties through its majority ownership position in Generic Gold Corp. (“Generic Gold”), the current focus of the Company is the exploration and advancement of the Project comprised of 231 claims covering over 1,619 hectares (4,000 acres) near Eureka, Nevada and the exploration of the MacBride zinc-copper project in northern Manitoba.

The 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 on the Property and  recently completed a 13 hole core drilling program on the Property. Results from the drilling 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.

The Company also has the right under an option agreement to earn up to an 80% interest in the MacBride Zinc Project in northern Manitoba (see the Company’s press release dated October 23, 2017).

Additional information about the Company is available on the Company’s website: www.nevadazinc.com

About Majority Owned Generic Gold

Generic Gold Coproration (“Generic Gold”) is a Toronto based mining company exploring precious metal targets in the Tintina Gold Belt in the Yukon Territory of Canada. Since incorporation, Generic Gold completed a significant 2017 exploration program that included diamond drilling on the Livingstone project and trenching on the VIP project, as well as reverse circulation drilling on its Goodman project. Genric Gold is listed on the CSE, (symbol GGC). Information on Generic Gold’s property portfolio and exploration activities are available on the company’s website at www.genericgold.ca. The Company owns 25 million common shares of Generic Gold which has 36.75 million shares outstanding.

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 Venture 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.