NorZinc Ltd.

NorZinc Ltd. is a development stage company listed on the Toronto Stock Exchange under the symbol 'NZC', in the United States on the OTCQB under the symbol 'NORZF' and in Germany on the Frankfurt under the symbol 'SRS' and is engaged in the business of exploration and development of natural resource properties. NorZinc has an experienced Executive and Board and is headquartered in Vancouver, BC.

Prairie Creek Mine, Northwest Territories

NorZinc aims to bring its 100%-owned Prairie Creek Mine into production at the earliest possible date once financing can be arranged. The mine, situated in the Mackenzie Mountains of the Northwest Territories, has a fascinating history which includes the famous Hunt Brothers' plan to corner the world silver market in the early 1980s. The Prairie Creek project hosts substantial resources of high-grade zinc, lead and silver with the established infrastructure development.

History

NorZinc’s predecessor company, Canadian Zinc Corporation completed a Preliminary Feasibility Study ('2012 PFS') on Prairie Creek in 2012 based on a 5 million tonne reserve and a 1,350 tonnes per day ('tpd') mining rate. An updated PFS ('2016 PFS') was completed in 2016 based on a 7.6 million tonne reserve and 1,350tpd mining rate. This was followed in September 2017 by the completion of a Feasibility Study (“2017 PFS') based on an 8.1 million tonne reserve and a 1,600 tpd mining rate. The 2017 FS increased throughput and production with a minor increase to the capital cost compared with the 2016 PFS. A Technical Report prepared in accordance with National Instrument 43-101 Standards for Disclosure for Mineral Projects disclosing the results of the 2017 FS, was filed in October 2017.

Vision

'NorZinc's Prairie Creek Mine is one of the highest zinc-equivalent grade undeveloped deposits found anywhere in the world…working with all our stakeholders we plan to complete the permitting process…and put the Prairie Creek mine into production.' - Don MacDonald, CEO.

NorZinc Ltd ('NZC') is committed to the responsible and sustainable development of mineral deposits throughout Canada. The Prairie Creek Mine, located in traditional Dene territory in the Northwest Territories, has high-grade mineral reserves of 23% zinc-equivalent, with 8.1 million tonnes of 8.6% zinc, 8.1% lead and 124 g/t silver. In addition, the Mine hosts an inferred resource of 7.0 million tonnes of 11.3% zinc, 7.7% lead and 166 g/t silver. The reserve will support a mine life of 15 years and, with inferred resources being converted to reserves, it is expected to continue to operate many years longer.

The Mine will operate in a responsible manner without compromising the ecological value or the importance of the area to indigenous groups, conservationists and the public in general. NorZinc expects to operate the Mine with the best economically available technology and environmental protection so that impacts on the environment are minimized, and long-term effects after closure will be negligible.

NorZinc’s vision is the development and successful operation of the Mine where the local ecology, traditional aboriginal land uses and the Nahanni National Park Reserve are protected; and local Indigenous groups and the region benefit significantly from the multi-year economic stimulus created by the project.

The Mine will operate for many years and bring substantial benefits to local communities in the form of business opportunities, training and jobs, and is expected to be a catalyst for regional development and economic activity that can be sustained long after final mine closure.