Nevada Zinc Company Announces Delay in Annual Filing and Expected Trading Cease Order

Ottawa, April 30, 2024 (GLOBE NEWSWIRE) — Nevada Zinc Corp. (NZN:TSX-V) (this company or nevada zinc) announces the postponement of the filing of its audited annual financial statements for the year ended December 31, 2023, the accompanying Management’s Discussion and Analysis and the related Chief Executive Officer and Chief Financial Officer Certificates (collectively, annual return) exceeds the April 29, 2024 filing deadline required by applicable Canadian securities laws.

As a result of the delay, the company will be recorded as in default by the relevant Canadian securities regulators and is expected to be in default by the Ontario Securities Commission (OSC), as the lead regulator, will issue unfiled cease trading orders (Chief Technology Officer) in accordance with the principles and guidance set out in National Policy 12-307 – Failure to File Cease-Trading Orders and Revocations in Multiple Jurisdictions. Following the issuance, the CTO will prohibit all trading in Nevada Zinc securities in all Canadian jurisdictions during its term and will result in a suspension of trading of the company's common shares on the TSX Venture Exchange (Toronto Stock Exchange). Once issued, the CTO will remain in effect until the company files its annual return and the CTO is revoked and all TSXV requirements have been satisfied.

The Company expects to complete and submit its annual filing by the end of May 2024 and will provide further updates.

For more information please contact:

Mike Wilson, President and CEOPhone: (416) 574-9075 Email:

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Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements, including, without limitation, comments regarding regulatory approvals and financing. Forward-looking statements relate to future events and conditions and therefore involve inherent risks and uncertainties. Among other things, actual results related to ongoing financings, regulatory approvals, anticipated proceeds from financings and the Company's financial condition and prospects could differ materially from those currently anticipated in such statements. These and other factors should be carefully considered and readers should not place undue reliance on the Company's forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed and accepts no responsibility for the adequacy or accuracy of this release.

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