Zinc One Announces Positive Initial Resource Estimate at Bongará Zinc Mine Project, Peru

Indicated Resource of 812,000 tonnes at 18.9% Zn / Inferred Resource of 1,339,000 at 16.8% Zn

(PresseBox) - Zinc One Resources Inc. (TSX-V: Z; OTC Markets: ZZZOF; Frankfurt: RH33 ? ?Zinc One? or the ?Company? - http://www.commodity-tv.net/c/search_adv/?v=298394) announces the first National Instrument 43-101 (?NI 43-101?) Mineral Resource estimate for its Bongarwww.sedar.com and on the Company?s website at www.zincone.com within 45 days of this release.

The estimate consists of an Indicated Mineral Resource of 812,000 tonnes averaging 18.9% Zn containing 339,000,000 lbs of Zn at a 10% Zn cut-off and an Inferred Mineral Resource of 1,339,000 tonnes averaging 16.8% Zn containing 496,000,000 lbs of Zn at a 10% Zn cut-off.

Greg Crowe, Director of Zinc One, stated, ?This initial Mineral Resource estimate quantifies the amount of high-grade zinc in an area of known near-surface mineralization along a 1.4-kilometre trend. Further, geologic mapping and surface sampling confirms the potential of the larger Bongar the confidence level of the currently defined Inferred Mineral Resources and to expand the overall resource at nearby undrilled high-priority targets located between Mina Chica and Mina Grande Norte and northwest of Mina Chica at Campo Cielo.?

The Bongarralization. This provides an exciting opportunity to discover zinc-rich deposits in future exploration campaigns.

The zinc mineralization at the Bongar

The former Bongarluding a permanent tailings storage facility and minimizing initial and sustaining capital outlays.

Qualified Persons

The technical content of this news release has been reviewed, verified and approved by Al Workman, P.Geo., senior geologist and Vice-President of WGM and John Reddick, P.Eng, senior WGM Associate resource modelling engineer, both Qualified Persons under National Instrument 43-101.

About Zinc One Resources Inc.

Zinc One?s key assets are the Bongar>20% zinc grades and recoveries over 90% from surface and near-surface zinc-oxide mineralization. High-grade, zinc-oxide mineralization is known to outcrop between the mined area and the Charlotte-Bongar

Additional Information

Monica Hamm

VP, Investor Relations

Zinc One Resources Inc.

Phone: (604) 683-0911

Email: mhamm(at)zincone.com

www.zincone.com

In Europe:

Swiss Resource Capital AG

Jochen Staiger

info(at)resource-capital.ch

www.resource-capital.ch

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management?s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Zinc One cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by many material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to Zinc One?s limited operating history, its proposed exploration and development activities on the Bongarinc Oxide Mine Project and the need to comply with environmental and governmental regulations. update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Datum: 05.02.2019 - 02:42 Uhr
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News-ID 1546430
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