Nevada Zinc Corporation

Nevada Zinc’s 100% owned Lone Mountain project is located within close proximity to Eureka, Nevada.Nevada Zinc’s 218 claims at Lone Mountain are spread out over 20 square kilometres and include the historic Mountain View Zinc Mine. Between 1942 and 1968, more than 5 million pounds of zinc, 650,000 pounds of lead and 4,000 oz. of silver were mined at Mountain View.Data from a drill hole in 2007, as well as assay results from recent Phase I and Phase II drilling conducted by Nevada Zinc suggests there is still a vast untapped mineralized body of zinc below the surface. Recent geological assessments further support that finding.Located in close proximity to other producing mines, Nevada Zinc’s Lone Mountain project has good access to important infrastructure, such as roads, energy and water.The company has now reported results from three cross sections of drill holes where multiple holes have been completed. Holes on each of the three sections intersected significant intervals of zinc/lead mineralization. Given the thickness of the intersections and some of the grades, the company continues to believe it will emerge as a focus discovery story for 2016.

The Corporation and the board of directors (the 'Board') of the Corporation recognize the importance of corporate governance to the effective management of the Corporation and to the protection of its employees and shareholders.The Corporation's approach to significant issues of corporate governance is designed with a view to ensuring that the business and affairs of the Corporation are effectively managed so as to enhance shareholder value. The Board fulfills its mandate directly and through its committees at regularly scheduled meetings or as required. Frequency of meetings may be increased and the nature of the agenda items may be changed depending upon the state of the Corporation's affairs and in light of opportunities or risks which the Corporation faces. The directors are kept informed of the Corporation's operations at these meetings as well as through reports and discussions with management on matters within their particular areas of expertise.