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1 Corporate Presentation October TSX-V: Z l OTC: ZZZOF l FSE: RH33
2 Forward-Looking Statement Cautionary Statement on Forward-Looking Statements Information set forth in this presentation contains forward-looking statements that are based on assumptions as of the date of this summary. These statements reflect management s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Zinc One cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to metal prices, changes in planned work resulting from weather, logical, technical or other factors, the possibility that results of work will not fulfill expectations and realize the perceived potential of Zinc One s mineral properties, uncertainties involved in the interpretation of drilling results and other tests, the possibility that required permits may not be obtained in a timely manner or at all, risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions, the possibility of cost overruns or unanticipated expenses in work programs, the risk of environmental contamination or damage resulting from the exploration operations, ability to obtain sufficient financing to implement its exploration, Zinc One receiving favorable economic studies on its mineral projects and development plans on Zinc One s mineral properties and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Zinc One undertakes no obligation to publicly update or revise forward-looking information. Cautionary Statement on Historical Resource Estimate The historical resource estimate set forth in this presentation was prepared by the previous operator, Corianta S.A. in an internal report dated June 13, 2011 on the Bongará Zinc Oxide Mine. Although the historical resource estimate used measure resources, indicated resources and inferred resources, the historical estimate was not done in compliance with CIM standards. Zinc One considers these categories relevant as it represents the Zinc One s main target for exploration and development work on the Bongará Zinc Mine. Zinc One is confirming the reliability of the historical resource estimate and the information supporting the historical resource estimate. The qualified person has not done sufficient work to classify the historical estimate as a current mineral resource. Zinc One is not treating these historical estimates current mineral resources. Qualified Persons Bill Williams, Ph.D., CPG, COO and a director of Zinc One, is a qualified person as defined in National Instrument Standards of Disclosure for Mineral Projects, and has reviewed and approved all technical information in this presentation. 2
3 Zinc One Fundamentals Zinc One Resources is focused on reactivating production at Bongará Zinc Mine Project, Peru and recently completed a successful drill program Very high-grade Zn past producer Bongará Zinc Mine Project, Peru Mined 150,000 > 20% Zn as oxides, carbonates, and silicates Mineralization at or near surface allowing for open pit mining Processed in Waelz kiln with > 90% recovery (>65% Zn conc.) Historical resource Measured and Indicated: >1, 000, % Zn* Inferred: > 200, % Zn* Successful 2018 drill program that confirmed, and perhaps increased, historical resources Excellent upside potential for discovery of new deposits Near-term production potential Strong community support *See Cautionary Statement 3
4 2018 Drill Program Highlights Completion of resource estimate expected October DDH for 7,820 metres completed in July 2018 High-grade discovery at Mina Chica 200 metres x 120 metres open to west Core zone 100 metres x 100 metres with near-surface zinc grades >30% Mina Grande Sur historical mineralization confirmed and expanded 350 metres (NS) x <200 metres (EW) - open to south Mina Grande Centro historical mineralization confirmed and expanded Open to northeast Mina Chica # metres ~48% Zn 4
5 Capital Structure Issued & Outstanding 124,027,275 Market Capitalization C$18 M Options 6,484, Week Range C$ Warrants 20,157,218 Average Daily Volume - TSX-V ~130,000 Fully Diluted 152,418,587 As of August year Chart 5
6 Directors and Management Jim Walchuck - President & CEO, Director Mining engineer with over 38 years experience in Engineering, Development and Operations International experience includes North America, Slovakia, the UK, Ghana, and Tanzania Previously Mining Manager for Barrick at the Bulyanhulu Gold Mine Bill Williams - COO, Director Economic geologist (PhD) with over 38 years of experience in mining and oil & gas industries Extensive experience in South America (discovery of Haquira copper deposit, Peru) Former CEO and President of Orvana Minerals Corp. & former Vice President for Phelps Dodge Exploration Greg Crowe Director Professional geologist with more than 35 years of experience throughout North America, Latin America, Africa and Southeast Asia Former President & CEO of Entrée Gold Inc. Currently President & CEO of Silver One Resources Inc. Barry Girling Director Active in various aspects of mineral exploration since 1977 Provides consulting services to a number of TSX Venture Exchange companies Gunther Roehlig Director More than 15 years of experience in the financial and investment industry Specializes in restructuring, managing and financing junior public companies Monica Hamm VP, Investor Relations 20+ years experience in mining and environmental industry Former Senior Manager, Investor Relations at Entrée Gold Inc. Experienced in building companies and constructing mines 6
7 Uses of Zinc Today Zinc compounds (zinc oxide/zinc sulfate) 8% Bronze/Brass 14% Zinc base alloys (die cast industry) 15% Zinc alloys 15% Galvanizing (corrosion protection of steel, vehicles, etc.) 60% Zinc is currently the 4th most widely consumed metal in the world after iron, aluminum, and copper and the 24th most abundant element in the Earth s crust. Advances in zinc battery technology Zinc batteries have been used for decades. Improved technology has led to longer-life and steadier voltage output and the potential as a fuel cell providing power to electric vehicles including scooters, buses and trucks. Advances in zinc for human health Zinc deficiency takes a toll on humans and agricultural productivity. It is the most common micronutrient deficiency affecting >50% of agricultural soils. Zinc fertilizer can significantly increase crop yield, boost nutritional value and improve farmers incomes. Source: International Zinc Association 7
8 Peru: Mining-Friendly Country Peru is a Global Leader in the Mining Sector World s 3rd largest producer of zinc. Legal and tax systems mining friendly Investment law guarantees security of FDI Growing economy driven largely by mining Immense potential for future development >50 years of Canadian-Peruvian mining collaboration 8
9 Location Map Bongará Zinc Mine Project Located in north-central Peru - 11,125 has. 100%-interest in Bongará Zinc Mine and Charlotte Bongará Zinc projects Consolidation provides opportunity to re-activate mine & advance exploration Multiple mineralization zones include Mina Grande, Mina Chica, Bongarita, Campo Cielo and Cristal Improved road to project from highway Ongoing partnerships with 13 communities Source: 2017 Watts, Griffis and McQuat, 2017 Technical Report on the Bongará Zinc Project for Zinc One Resources 9
10 Historic Mining Project Open pit (quarry) mining from ,000 >20% Zn mined Direct Ship Ore (DSO) km to coast Processed in Waelz kiln (pyrometallurgy): >65% >90% recovery Historical Measured + Indicated resource: >1,000, % Zn* Historical Inferred resource: >200, % Zn* Shut down in decrease in zinc price *See Cautionary Statement on Historical Resource Estimate. 10
11 Bongará Geology Carbonate-hosted, stratabound zinc mineralization, classified as Mississippi Valley-type deposit (MVT), that has undergone extensive oxidation Mineralization HOST ROCK - strongly dolomitized brecciated, vuggy, and fractured limestones that are heavily weathered GEOMETRY Breccias and tabular bodies with irregular boundaries CONTACTS - Footwall typically faulted Zinc minerals include: Hydrozincite (zinc oxide mineral) Smithsonite (zinc carbonate mineral) Hemimorphite (zinc silicate mineral) Zinc-aluminum-iron silicate MCH with >50% zinc, mostly as hydrozincite Sampling at Mina Grande Sur 11
12 Regional Tectonic Evolution Bongará Zn Oxide Shallow Zn-oxide mineralization in Cordorsinga formation Potential for underlying sulphide mineralization in Chambara formation Both oxide and sulphide mineralization remain open in several directions Florida Canyon Sulphide Bongará Zn Oxide Mineralized host formations Florida Canyon Sulphide Source: 2017 Watts, Griffis and McQuat, 2017 Technical Report on the Bongara Zinc Project for Zinc One Resources 12
13 Successful Drill Program with Upside Potential % from 1.9 m depth % from 15.6 m depth % from 5.8 m depth % from 23.8 m depth % from 5.0 m depth % from 4.5 m depth % from 9.0 m depth % from surface % from 7.0 m depth % from 21.0 m depth % from surface 13
14 Discovery at Mina Chica (220 metres x 120 metres, open) 100 m x 100 m core >30% Zn near surface Mina Chica # m ~43% Zn 14
15 MVT Model Applicable at Mina Chica Source: Sangster,
16 Bongará Geology and Mineralization Several known mineralized zones Bongará Project Mina Grande (Sur, Centro, Norte) Mina Chica Bongarita Campo Cielo Cristal HOST ROCK POTENTIAL HOST ROCK Source: 2017 Watts, Griffis and McQuat, 2017 Technical Report on the Bongara Zinc Project for Zinc One Resources 16
17 Future Exploration Bongará Zinc Mine Project Zinc shows ~8 km along strike Resources outlined only in ~2 km Exploration potential ~20 km of potential favourable stratigraphy exposed on surface Down-dip extensions to system (mineralization developed along the axis of an anticline) 2018 Drill Program Mineralization possible deeper in stratigraphic sequence 17
18 Future Exploration Bongará? 113 MVT deposits & 10 districts (Taylor, et al., 2009) Source: USGS Scientific Investigation Report A 18
19 Delineation & Exploration Drilling Planned CORE ZONE >30% Zn Zinc One Resources Inc. TSX-V: Z l OTC: ZZZOF l FSE: RH33 19
20 Proposed Zinc Oxide Processing and Recovery Waelz kiln technology Commonly used to recycle zinc from electric-arc-furnace dust Simple on-site construction and operation Relatively low capital costs Comparatively high zinc recovery (>95%) Up to 70% zinc as oxide in final product Process approved by U.S. EPA 20
21 Corporate Objectives Zinc One and Forrester Metals finalize Arrangement Resolution April 2017 Zinc One purchases mineral rights June 2017 Community Access Agreement approved by local authority July 2017 Ministry of Energy & Mines (MEM) accepts mine closure suspension August 2017 Application for drill platforms to MEM October 2017 Drill platforms approved by MEM December 2017 Drilling commences at Bongará Mine Project January 2018 Drilling completed in areas outlined in scope of work July 2018 Metallurgical testing Q Completion of resource estimate Q3/Q Preliminary Economic Assessment (PEA) Q Production anticipated by 2020 subject to favorable economic studies. 21
22 Thank You Suite West Georgia Street Vancouver, BC, Canada V6E 4H1 Phone: Calle Monterrey # 373 oficina 1001 Chacarilla del Estanque, Santiago de Surco Phone: Jim Walchuck President & CEO jwalchuck@zincone.com Bill Williams COO bwilliams@zincone.com Monica Hamm VP, Investor Relations mhamm@zincone.com 22
23 MINA CHICA Looking southward Core of Disocvery (note low-lying vegetation) Zinc One Resources Inc. TSX-V: Z l OTC: ZZZOF l FSE: RH33 23
24 MINA CHICA Core Zone Vegetation CORE ZONE >30% Zn 24
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