TINKA RESOURCES LTD - TKRFF STOCK NEWS

Tinka Resources Limited (OTCQB:TKRFF) has successfully closed a strategic private placement financing, raising C$11.12 million by issuing 50,563,210 common shares at C$0.22 each. Major participants include Nexa Resources, increasing its stake to 18.2%, and Buenaventura, whose holdings rose to 19.3%. Proceeds will primarily fund the Ayawilca project’s exploration and development, as well as ongoing operations at the Silvia project. The placement is pending final approval from the TSX Venture Exchange.

Tinka Resources Limited (TKRFF) has entered into an equity subscription agreement with Nexa Resources S.A., raising C$11.12 million through a private placement. Nexa will acquire 40.8 million shares at C$0.22 each, increasing its stake from 9% to 18.2%. Buenaventura, also participating, will invest C$2.15 million for shares, maintaining its 19.3% ownership. Proceeds will finance the Ayawilca project and early-stage exploration of the Silvia project. The agreement strengthens Tinka's strategic positioning in the zinc sector amid growing demand.

Tinka Resources Limited (OTCQB:TKRFF) held its Annual and Special Meeting of Shareholders on April 28, 2022, with 161,983,607 shares represented, totaling 47.54% of outstanding shares. Key outcomes included:

• Board size fixed at six members.
• Adoption of a new stock option plan granting options up to 10% of issued shares.
• Appointment of D&H Group LLP as auditors.

Directors re-elected included Ben McKeown, Graham Carman, and others.

Tinka Resources Limited (OTCQB: TKRFF) announced a significant exploration update for its projects in Peru. The Silvia NW copper-gold project has revealed high-grade copper-gold veins, expanding mineralization to a footprint of 550m by 400m. Sampling returned grades of up to 1.1% copper and 7.9 g/t gold. Concurrently, Tinka plans a resource extension drill program at the Ayawilca zinc-silver project, which is poised to become a top-10 global zinc producer. The company is preparing for an Environmental Impact Declaration to facilitate drilling at Silvia NW.

Tinka Resources Limited (OTCQB:TKRFF) has filed a National Instrument 43-101 Technical Report on the Ayawilca Polymetallic Project in Peru. This report, prepared by Mining Plus Peru S.A.C. and other consultants, supports previous news releases from September and October 2021. There are no material differences in this report. The Ayawilca project features a significant mineral resource, including an estimated Indicated Mineral Resource of 19.0 million tonnes with notable zinc and silver grades. The report is available on SEDAR and Tinka's website.

Tinka Resources Limited (TKRFF) announced promising trench results from the Silvia NW project, revealing high-grade gold and copper mineralization. Key highlights include 46 meters at 1.9 g/t gold and 0.8% copper, with peak values reaching 22.5 g/t gold and 2.5% copper. The mineralization suggests potential for further exploration beneath shallow cover. The Silvia Project covers 460 km² in central Peru, and Tinka aims to expand exploration while concurrently advancing its flagship Ayawilca zinc-silver project.

Tinka Resources Limited has announced positive results from an updated Preliminary Economic Assessment (PEA) for its Ayawilca Zinc Zone project in Peru. The PEA indicates an after-tax NPV8% of US$433 million and an IRR of 31.9% at a zinc price of US$1.20/lb, with potential upside at current prices, increasing NPV8% to US$785 million. Initial Capex is US$264 million, with an average annual production of 155,000 tonnes of zinc. The project emphasizes minimal environmental impact, using dry-stack tailings.

Tinka Resources Limited (TKRFF) announced high-grade copper-gold surface sampling results from the Silvia NW target in Peru. The sampling covered a 400m x 100m area, yielding an average of 0.79% copper and 0.60 g/t gold, with some samples reaching up to 12.31% copper and 18.60 g/t gold. The site is part of the company's 100%-owned Silvia Project, located near its Ayawilca project. Exploration continues in multiple areas, indicating significant potential for a large mineral deposit. The company is also advancing its Ayawilca zinc-silver project, with a Preliminary Economic Assessment announcement expected soon.

Tinka Resources Limited (TSXV:TK, OTCQB:TKRFF) announced an updated Mineral Resource estimate for its Ayawilca project in Peru. The Indicated Zinc Zone now boasts 19 million tonnes with a grade of 7.2% zinc, containing 3 billion pounds of zinc, a 68% increase from the previous estimate. The Inferred Zinc Zone holds 47.9 million tonnes at 5.4% zinc, with 5.7 billion pounds of zinc. The Tin Zone's Inferred resources increased to 8.4 million tonnes at 1.0% tin. The company has $13 million in cash and no debt, indicating strong financial positioning for future developments.