Bromley Creek Quarry Receives New 5-Year Permit

Rhea-AI Summary

International Zeolite Corp. (IZ) Receives 5-Year Permit for Bromley Creek Quarry in Partnership with Progressive Planet, Expanding Zeolite Operations

Positive

• New 5-year permit received for Bromley Creek zeolite quarry, allowing growth through 2028
• Progressive Planet partnership to operate the quarry and expand zeolite operations in cement and agriculture industries
• Zeolite products receive certification for use as feed additive and in organic operations

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - November 27, 2023) - International Zeolite Corp. (TSXV:  IZ) (OTCQB: IZCFF) (FSE: ZEON) (the "Company"), is pleased to announce a new 5-year permit has been received for the Bromley Creek zeolite quarry ("Bromley Creek") in partnership with Progressive Planet ("PLAN"). Progressive Planet has an existing option agreement to purchase a 50% interest in IZ's Bromley Creek claims, mine lease and quarry located in Princeton, BC. Progressive Planet remains the operator of Bromley Creek and currently holds a 20% share after completing the latest quarterly installment payment of $31,150 in September 2023.

"Zeolite from Bromley Creek is becoming a larger part of operations quarter by quarter," stated Progressive Planet President Steve Gurney.

Added Gurney: "We remain focused on growing existing zeolite operations, especially in the cement and agriculture industries. The approved 5-year permit allows us to grow zeolite operations through 2028, and we are also exploring increasing the permitted maximum annual extraction of 20,000 tonnes to allow for further growth."

Ray Paquette CEO of International Zeolite Corp stated, "Working with a common goal of increasing zeolite awareness, validating new products, and establishing new markets has been our focus for years. Partnering with Progressive Planet to operate the Bromley Creek quarry is an exciting opportunity for both companies to unite complementary visions. PLAN's ability to process existing and new Bromley Creek zeolite products is a win for both companies."

Bromley Creek zeolite has received Canadian Food Inspection Agency (CFIA) certification for use as a flowing/anti-caking agent under the brand Z-Lite™ feed additive. The Organic Materials Review Institute (OMRI) has also listed Bromley Creek zeolite for use in organic operations under the brand The Green Patch™ Natural Zeolite Soil Conditioner.

On Behalf of the Board
"Ray Paquette"
President & CEO
604.684.3301

For further information, please visit www.internationalzeolite.com
For Investor Inquiries info@internationalzeolite.com

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated work programs and the timing and amount of expenditures. International Zeolite does not assume the obligation to update any forward-looking statement. Neither 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/188668

FAQ

What is the latest development for International Zeolite Corp. (IZ)?

International Zeolite Corp. (IZ) has received a new 5-year permit for the Bromley Creek zeolite quarry in partnership with Progressive Planet, allowing for the expansion of zeolite operations through 2028.

Who is operating the Bromley Creek zeolite quarry?

Progressive Planet is the operator of the Bromley Creek zeolite quarry in partnership with International Zeolite Corp. (IZ).

What industries are targeted for expansion by Progressive Planet at the Bromley Creek quarry?

Progressive Planet aims to expand zeolite operations in the cement and agriculture industries at the Bromley Creek quarry.

What certifications have the zeolite products from Bromley Creek received?

Zeolite from Bromley Creek has received Canadian Food Inspection Agency (CFIA) certification for use as a feed additive and Organic Materials Review Institute (OMRI) listing for use in organic operations.

What is the significance of the 5-year permit for the Bromley Creek quarry?

The 5-year permit allows for the growth of zeolite operations through 2028 and exploration of increasing the permitted maximum annual extraction at the Bromley Creek quarry.

Who is the CEO of International Zeolite Corp.?

Ray Paquette is the CEO of International Zeolite Corp.