ZincX Resources Corp. Exercises Option on Kechika North Project, Receives $1 Million Payment

Vancouver, British Columbia, Canada — July 16, 2026 — Leads & Copy — ZincX Resources Corp. announced today that an option agreement for its Kechika North project has been exercised, resulting in a $1 million payment to the company. The Kechika North project, comprised of 103 contiguous mineral claims, was optioned to a third-party in August 2023, granting the optionee the right to acquire 100% ownership.

Initially, the option required a $3 million cash payment. Following a $100,000 payment, the balance was reduced to $2.9 million. The exercise date for the option was extended by one year to August 11, 2026. A further amendment to the agreement on July 15, 2026, allowed the optionee to exercise the option by making a $1 million payment at any time during the option period. An additional deferred payment of $1.9 million is contingent upon the Province of British Columbia formally designating the Kaska conservation area.

The Kechika North project includes six properties identified through historical exploration: Kwad, Weiss, Bear/Spa, Driftpile South, Saint, and Thro. It represents the northern extension of ZincX's district-scale landholdings, which stretch 140 kilometres northward from the company's flagship Akie property.

ZincX Resources' primary corporate focus remains on its Akie Project, which hosts the Cardiac Creek deposit, compliant with National Instrument 43-101 standards. Additionally, the company's southern Kechika regional properties, including the 100%-owned Mount Alcock property, are a high priority. The Mount Alcock property consists of 21 claims covering 9,173 hectares and is located approximately 40 kilometres northwest of the Akie property.

The Mount Alcock property features a significant barite kill zone that has undergone historical drilling. Previous shallow drilling intersected mineralization, including a notable intercept of 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. This included a 3.6-metre section grading 14.20 per cent combined zinc plus lead and 1.60 ounces per ton silver.

Zinc has recently been designated a critical mineral in both Canada and the United States, highlighting its importance for the green economy, including solar, wind, and battery storage applications. This designation has spurred significant investment in Canadian zinc junior companies, with notable examples including Fireweed Metals' Macmillan Pass project and Osisko Metals' Pine Point project. These projects, along with ZincX's Akie project, are currently at the preliminary economic assessment stage.

ZincX Resources is an exploration and development company focused on creating value in the critical metals sector, with an emphasis on zinc. Zinc is essential for the transition to a lower-carbon economy and has applications in energy storage, solar and wind technologies, as well as galvanization, brass production, die casting, and agriculture. The company believes its Akie Zn-Pb-Ag Project, specifically the Cardiac Creek deposit, is well-positioned to address the projected global shortfall in zinc production and contribute to Canada's critical mineral needs.

The Akie property, located within the Kechika Trough, hosts the Cardiac Creek deposit, a significant body of baritic-zinc-lead SEDEX mineralization. The Kechika Regional Project encompasses eleven large, contiguous property blocks, with ZincX owning 100% of eight, including Mount Alcock. The remaining three blocks are jointly owned with Teck Resources Limited and Korea Zinc Co., Ltd. The Kechika North project's six blocks have been optioned to a third party.

Source: ZincX Resources Corp.