May 8th, 2018 – Vancouver, British Columbia, Canada: Eastern Zinc Corp. (TSX-V: EZNC.H) (the “Company”), is pleased to announce the entering into of an agreement (the “Agreement”) with International Cobalt Corp. (the “Vendor”) for the acquisition of a 100% right, title and interest in seven contiguous mineral claims covering approximately 1,763.29 hectares in the Bulkley-Nechako Regional District of British Columbia (the “Property”).
To earn its interest, the Company has agreed to pay to the Vendor $10,000 cash, 300,000 common shares and spend $250,000 in exploration expenditures on the Property within two years, a minimum of $100,000 to be spent in year one.
The Property subject to a 2% NSR held by the Vendor, which the Company, at its option, can purchase for $1.0 million.
On behalf of: EASTERN ZINC CORP.
“JOEL DUMARESQ”, Director
This press release may include “forward-looking information” (as that term is defined by Canadian securities legislation), concerning the Company’s business. Forward-looking information is based on certain key expectations and assumptions made by the Company’s management, including future plans for the exploration and development of its mineral properties. Although the Company believes that such expectations and assumptions are reasonable, investors should not rely unduly on such forward-looking information as the Company can give no assurance they will prove to be correct. Forward-looking statements in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to publicly update any forward-looking information (whether as a result of new information, future events or results, or otherwise) other than as required by applicable securities laws.