InZinc Appoints Michael Westcott to Board of Directors

Rhea-AI Summary

InZinc Mining announced the appointment of Michael Westcott to its Board of Directors, effective June 13, 2024. Mr. Westcott brings over 30 years of experience in equity capital markets and the mining industry, having held roles including Head of Institutional Equity Sales and Mining Equity Research Analyst at Raymond James He also has significant academic credentials, including a Master's in Mineral Exploration and a Bachelor's in Geology. The company believes his expertise will enhance shareholder value through exploration and evaluation of mineral projects.

Additionally, InZinc has granted stock options for 500,000 common shares, exercisable at $0.05 per share, with a vesting schedule of 50% immediately and 50% on June 13, 2025.

Positive

• Appointment of Michael Westcott, a highly experienced professional in equity capital markets and mining industries, to the Board of Directors.
• Mr. Westcott's background includes critical roles at Raymond James and a strong academic foundation in geology and mineral exploration.
• Focus on increasing shareholder value through expert-led exploration and evaluation of mineral projects.
• Issuance of stock options can align management's interests with those of shareholders.

Negative

• Granting stock options, while potentially beneficial, could lead to shareholder dilution.
• The stock options are priced at $0.05 per share, which may be viewed as undervaluing the company if stock price increases.

Vancouver, British Columbia--(Newsfile Corp. - June 13, 2024) - InZinc Mining Ltd. (TSXV: IZN) ("InZinc" or the "Company") is pleased to announce the appointment of Mr. Michael Westcott to the Board of Directors of the Company effective June 13, 2024.

Mr. Westcott has over 30 years of experience in equity capital markets and mining industries. After 25 years in various roles at Raymond James Ltd., including Head of Institutional Equity Sales and Mining Equity Research Analyst, he retired as Head of Equities in 2021. Prior to joining Raymond James in 1996, Mr. Westcott was an Exploration Geologist at Cominco Ltd. and a Corporate Analyst at the Vancouver Stock Exchange. Mr. Westcott has a Master's Degree, Mineral Exploration (Minex), from Queen's University and a Bachelor of Science, Geology, from the University of British Columbia. He has completed securities industry courses including: Partners, Directors and Senior Officers; Professional Financial Planning; Canadian Securities Course; Conduct and Practices Handbook; and FINRA Series 24, 37,63.

"It is with great pleasure that I welcome Mr. Westcott to the Board of Directors of InZinc," stated Kerry Curtis, Chairman of InZinc. "With Mike's wide range of experience in capital markets, mining equity research and mineral exploration, he brings a solid foundation of sector knowledge and expertise to the Company. Mike's skills will be a strong asset as the Company continues to focus on increasing shareholder value through exploration and evaluation of mineral projects."

Issuance of Stock Options

InZinc announces the grant of stock options to purchase a total of 500,000 common shares of the Company for a period of five (5) years at an exercise price of $0.05 per share effective June 13, 2024. These stock options will vest as to 50% immediately and 50% on June 13, 2025.

About InZinc

InZinc is an active explorer and, through its Indy project, equity investment and royalty interests, is exposed to a diverse portfolio of active North American base metals and precious metals projects. The Company has discovered and continues to explore for expansion of near surface zinc mineralization at the easily accessible Indy project located in a new and under-explored mineral region of central British Columbia, Canada. A Canadian subsidiary of South32 (ASX, LSE, JSE) became a major tenure holder in the belt by staking approximately 200 km² of adjacent claims in late 2021. InZinc has a significant equity investment in American West Metals (ASX) which is advancing multiple North American base metals projects. In addition, InZinc has a production royalty and will receive 50% of the revenue (NSR) from the sale of indium mined from American West's West Desert project.

InZinc Mining Ltd.

Wayne Hubert

____________

Chief Executive Officer
Phone: 604.687.7211
Website: www.inzincmining.com 

For further information contact :
Joyce Musial
Vice President, Corporate Affairs
Phone: 604.317.2728
Email: joyce@inzincmining.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, "forward-looking statements"). All statements herein, other than statements of historical fact, are forward-looking statements. Forward-looking statements, include but are not limited to, statements that address activities, events of developments that the Company expects or anticipates will or may occur in the future. Forward-looking statements are typically identified by words such as: believe, expect, anticipates, intends, estimates, plans, postulate, indicate and similar expressions, or are those, which, by their nature, refer to future events. Although InZinc believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. The Company cautions investors that any forward-looking statements are not guarantees of future results, performance or actions, and that actual results or actions may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, those risks and uncertainties disclosed in the Company's Management's Discussion and Analysis for the year ended December 31, 2023 filed with certain securities commissions in Canada and other information released by the Company and filed with the appropriate regulatory agencies. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Inzinc disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. All of the Company's Canadian public disclosure filings may be accessed via www.sedarplus.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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/212818

FAQ

Who is the new member appointed to the Board of Directors of InZinc Mining?

Michael Westcott has been appointed to the Board of Directors of InZinc Mining, effective June 13, 2024.

What experience does Michael Westcott bring to InZinc Mining?

Michael Westcott has over 30 years of experience in equity capital markets and mining industries, including roles at Raymond James and as an Exploration Geologist at Cominco

When was Michael Westcott appointed to InZinc Mining's Board of Directors?

Michael Westcott was appointed to InZinc Mining's Board of Directors on June 13, 2024.

What is the exercise price of the stock options issued by InZinc Mining?

The stock options are exercisable at $0.05 per share.

How many stock options were granted by InZinc Mining and what is their vesting schedule?

InZinc Mining granted 500,000 stock options with 50% vesting immediately and 50% on June 13, 2025.