3 May 2021
NorZinc Ltd. is pleased to announce that it has entered into an equity financing agreement with RCF VI CAD LLC, a wholly owned subsidiary of Resource Capital Fund VI L.P, pursuant to which RCF VI LLC has agreed, subject to shareholder and regulatory approvals, to purchase C$1,000,000 of common shares (“Common Shares”) of NorZinc Ltd. on a non-brokered private placement basis at a price per Common Share equal to (i) the volume-weighted average price of the Common Shares on the Toronto Stock Exchange for the five consecutive trading days beginning on May 5, 2021 (the “VWAP”), less (ii) a 10% discount to the VWAP. The proceeds from the Investment will be used for general working capital purposes. The target closing date for the Investment is May 12, 2021, subject to the approval of the TSX and other customary conditions for such a financing.