ZincX Resources Corp. ('ZincX' or the 'Company'), (TSXV:ZNX)(OTCQB:ZNCXF)(FRA:M9R) is pleased to announce that the Company has closed its non-brokered private placement of 10,000,000 common shares of the Company at a price of $0.10 per share to raise gross proceeds of $1,000,000.

Peeyush Varshney, Chief Executive Officer of ZincX, commented, 'We are pleased to welcome well known mining entrepreneur Ross Beaty as a new significant shareholder of the Company.'

The Company intends to use the proceeds from the private placement to continue to advance the Company's Akie and Kechika Regional projects in British Columbia and for working capital purposes.

All securities issued will be subject to a four-month hold period expiring on November 7, 2023.

The private placement remains subject to the final approval of the TSX Venture Exchange.

The Akie Zn-Pb-Ag Project

The 100% owned Akie property is situated within the Kechika Trough, the southernmost area of the regionally extensive Paleozoic Selwyn Basin and one of the most prolific sedimentary basins in the world for the occurrence of SEDEX zinc-lead-silver and stratiform barite deposits.

Drilling on the Akie property by ZincX Resources since 2005 has identified a significant body of baritic-zinc-lead SEDEX mineralization known as the Cardiac Creek deposit. The deposit is hosted by siliceous, carbonaceous, fine-grained clastic rocks of the Middle to Late Devonian Gunsteel Formation.

Kechika Regional Project

In addition to the Akie Project, the Company owns 100% of eight of eleven large, contiguous property blocks that comprise the Kechika Regional Project including the advanced Mt. Alcock prospect. The Kechika Regional Project also includes the Pie, Yuen and Cirque East properties which the Company maintains a significant 49% interest with partners Teck Resources Limited (TSX: TECK.B) and Korea Zinc Co. Ltd holding 51%. These properties collectively extend northwest from the Akie property for approximately 140 kilometres covering the highly prospective Gunsteel Formation shale; the main host rock for known SEDEX zinc-lead-silver deposits in the Kechika Trough of northeastern British Columbia. These projects are located approximately 260 kilometres north northwest of the town of Mackenzie, British Columbia, Canada.

Zinc (Zn)

Zinc is one of many critical metals facilitating the transition to a low-carbon and greener future and is used in renewable energy storage systems and through the protection of steel to improve its durability and service life in solar and wind turbine applications. The primary uses of zinc are the galvanization of steel protecting against corrosion due to weather conditions, the production of brass and bronze, and in die-casting to produce a wide range of metal products. In agriculture, zinc can also increase crop yields and crop quality and is an essential nutrient in human development and disease prevention.

Contact:

Tel: (604) 684-2181

Email: info@zincxresources.com

(C) 2023 Electronic News Publishing, source ENP Newswire