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Kootenay Zinc Provides Update on Activities at Sully Exploration Project

Kootenay Zinc Corp. is pleased to announce the following update to its Sully exploration project at Fort Steele, BC. Spring break-up conditions have dramatically improved and the project team has commenced several concurrent activities, including preparations for drilling hole SY17-12 at the E1S target.

Geophysics

Excel Geophysics has completed an additional 180 gravity stations at the E1 anomaly since mobilizing on April 12, 2017, bringing station spacing there to roughly 20m x 20m. The new gravity work will assist in improved targeting of that anomaly but will also help in benchmarking the appropriate station spacing to develop equivalent mass models for the other anomalies at Sully. Once work at E1 is completed the geophysical crew will continue their field work over E2, E3 and E4 to provide definition of these recently identified and larger magnitude gravity anomalies.

Permitting and Related Studies

The project team reports it is now in receipt of an approved Notice of Work (NOW) permit for all planned drilling at Sully, including tests of the E2, E3 and E4 anomalies identified in late 2016. As the field season progresses and additional targeting information is acquired the team will evaluate access opportunities and priorities for subsequent drill sites such that drilling can continue seamlessly through the field season.

Drill Hole SY17-12 at E1S Target

FB Drilling has now mobilized to the site and is setting up at a new collar approximately 50m south of the SY17-10/11 site to test the E1S target described previously. Drilling will be undertaken using the same methodology and approach as previous holes, including: tools to minimize deviation of the hole and to provide oriented core for measurement of structural features. DDH SY17-12 will be oriented at a dip of -45 degrees toward east and the target is expected to be intersected between 200m and 300m.

As described in previous news, drill targeting at E1S is intended to provide proof-of-concept, specifically that the gravity masses indicated are caused by massive sulphides. If successful, drilling will be expanded to test all of the EAST anomalies once their mass models are completed. The Sully project team is excited to test and determine the composition of these gravity masses.

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