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Vancouver, British Columbia, Canada – Wednesday, October 7, 2026 – TheNewswire - ZincX Resources Corp. (“ZincX” or the “Company”, TSX Venture Exchange: ZNX : FRA: A2JLRM) is pleased to announce that further to its news releases dated August 10, 2023 and July 16, 2026, referencing the option of the Kechika North Project (the “Option”), the Company has received the final $1,900,000 cash payment, completing the $3,000,000 payable for exercise of the Option.
As detailed in the Company’s news release of August 10, 2023, the Kechika North project was optioned to an arm's-length third party (the "Optionee") based in British Columbia. The Optionee was provided an option to acquire 100-per-cent ownership of 103 contiguous mineral claims that make up the Kechika North project, the northern extension of the Company's contiguous, district-scale landholdings that cover 140 kilometres northward from the Company's flagship Akie property.
The deal granted the Optionee an option to acquire an undivided 100% legal and beneficial right, title and interest in and to the Kechika North Project for a cash payment of $3 million dollars.
The Company's flagship Akie Project is host to the large National Instrument 43-101-compliant Cardiac Creek deposit and remains, along with the southern Kechika regional properties, the primary corporate focus.
In addition to the Akie project, the company's southern Kechika regional properties include the 100-per-cent-owned highly prospective Mount Alcock property, which consists of 21 claims covering 9,173 hectares and is located approximately 40 kilometres to the northwest of the Akie property and 20 kilometres from Teck Resources/Korea Zinc's Cirque property. The Mount Alcock property remains a high priority and is host to a prominent, highly visible barite kill zone that has been subject to historical drilling. The limited and extremely shallow drilling by previous operators intersected mineralization with significant grade such as 9.30 per cent combined zinc plus lead and 1.20 ounces per ton silver over a downhole thickness of 8.8 metres in drill hole AK-89-3, including 14.20 per cent combined zinc plus lead and 1.60 ounces per ton silver over 3.6 metres hosted in Gunsteel formation shale. Facies models derived by the Company from close examination of the Cardiac Creek deposit can be applied to the Mount Alcock prospect and greatly assist in vectoring future targeted drilling at depth and down dip of prospective lithology.
Zinc has now been designated as a critical mineral in both Canada and the United States. Similar to copper or lithium, zinc will be crucial for the ever-demanding and ever-increasing green economy (solar, wind and battery storage applications).
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.
Since 2005, drilling on the Akie property by ZincX Resources 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.
In addition to the Akie Project and the Mount Alcock property, the Company has an interest in three contiguous blocks (Pie, Yuen and Cirque East) which are owned 49% by ZNX and 51% by Cirque Operating Corporation which is a 50/50 joint venture between Teck Resources Limited and Korea Zinc Co., Ltd.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS
ZINCX RESOURCES CORP.
“PEEYUSH VARSHNEY”
pEEYUSH vARSHNEY, LL.B
CEO & CHAIRMAN
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