CORPORATE PRESENTATIONJanuary 2017

www.nevadazinc.com

Shares Outstanding 66,607,779Recent Share Price $0.59Current Market Cap (Nov 9-16) $ 39MWarrants 533,333Options 5,950,000Fully diluted shares o/s 73,091,111

Corporate Profile

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Certain statements in this presentation (this “Presentation”) that are not statements of historical fact, includingstatements relating to each as more particularly described herein, may constitute “forward-looking statements”. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may involve Nevada Zinc Corporation. The Company’s actual results, performance or achievements may be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this Presentation, such statements use such words as “may”, “will”, “expect”, “believe”, “plan”, “intend”, “should”, “anticipate” and other similar terminology. These statements reflect current assumptions and expectations regarding future events and operating performance as of the date of this Presentation. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements. Although the forward- looking statements contained in this Presentation are based upon what management believes are reasonable assumptions, there can be no assurance that actual results will be consistent with such forward-looking statements. All forward-looking statements are made as of the date of this Presentation, and the Corporation assumes no obligation to update or revise them to reflect new events or circumstances. Accordingly, readers should not place undue reliance on forward-looking statements.

IPO August 2011 Original shareholder group still own >30%.Management and Insiders also own >30%.Well structured to reward shareholders.

Successful Experienced Leadership

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Bruce Durham President, CEO and DirectorBruce Durham is a Professional Geologist. Between 1998 and 2007, he held various management positions with Canadian Royalties Inc., including President, & Vice President Exploration. He has worked in mineral exploration for over 40 yearsand has been instrumental in a number of projects becoming operating mines. He is also Managing Director Norvista Capital Corporation, an insider of Nevada Zinc.

Duane Parnham Chairmanof the BoardandDirectorDuane has a track-record of developing exploration companies from start-up to fully permitted projects with considerable resources and reserves. This experience includes working internationally with governments and landowners to identify high-impact and underdeveloped projects, and providing the capital and managerial resources.

Don Christie CFO, Secretary and DirectorDon Christie, CPA is currently President and CEO of Norvista Capital Corporation, a TSX-V listed resource merchant bank with a mandate to invest in resource exploration projects and small scale, pre-production projects. Previously he served as the Chief Financial Officer of Continental Gold Limited. Mr. Christie has over 25 years of experience in Canada’s institutional equity and debt markets.

Allen Ezer DirectorAllen is an experienced advisor in the financial services industry, having worked as an advisor with a tier 1 chartered Canadian bank for nearly 10 years. He is currently providing consulting and advisory services to public and private organizations.

Mike Wilson DirectorMichael Wilson has had a 40-year career in the fields of geology and mining engineering of surface and underground mines. He has experience in the design, planning and capital/operating costs of miningoperations in multiple countries and of various mineral commodities. One of his recent positions was President and Chief Executive Officer of Behre Dolbear Canada Ltd., mineral industry advisors.

Bruce Durham And David Bell Examine Corona Discovery Core Hemlo

3-4%YEAR-OVER-YEAR CONSUMPTION GROWTHPROJECTED BETWEEN 2014-2020*Increased metal demand of 550kt Zn each year going forward.

50%OF THE WORLD’S AGRICULTURAL SOILSARE DEFICIENT IN ZINCThe Zinc Nutrient Initiative is addressing the critical issue of zinc deficiencies in: soils, crops, and humans. Lack of sufficient Zinc results in stuntedGrowth in Children & Poor crop yields.

China - Usage of Zinc Galvanized Steel as % of Crude Steel Production

An additional 2.1 million tonnes would be required annually.

4 *Source: Teck

Zinc price increased 70% in 2016. Zn currently trading near 7 year highs.

Zinc Supply is Declining SignificantlyDemand Continues to GrowWe Are Facing A Chronic ZINC Shortage

WOOD MACKENZIE

Kt Zn

22000

17000

12000

7000

2000

requirement for zinc mine production probable projectspossible mine life extensions base case production capacity

TODAY

PROJECTED SUPPLY DEFICIT

2005 2010 2015 2020 2025 YEAR5

Zinc inventory (LME) is down 50% in the past 2 years

Lone Mountain Zinc Project Nevada

Reno

NEVADALas Vegas

Why Lone Mountain is Special1. Located in Tier 1 Jurisdiction2. Good Roads3. Power (Reliable, Cheap)4. Mining Culture, workforce5. Excellent Drilling Results6. Zn - Excellent Fundamentals7. Open Pit Target8. Good Metallurgical Progress

9. Excellent Potential 10. ZINC Fertilizer

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Acquired100% Interest in Strategic Land Position That Stretches for More Than 4km.

Salient Points•Coherent Zinc Geochemical Targets (shown in hot colours at right).•CSAMT geophysics defines Main Structural target for at least 3km.•Drilling to date has tested only about 20% of geochem/geophysics target.•Historic Mountain View Mine (orange at right) produced very high grade direct shipping ore.•Drilling has tested the mineralization from surface to depths of about 250 metres.•Mineralization is essentially zinc oxide-carbonate with only minor lead mineralization.•Entire mineralized zone defined to date is non-sulfide mineralization.•Oxide mineralization appears to be environmentally benign compared to sulfide.•Untested Sulphide potential at depth.

Historic Mountain View Mine PropertyHistoric Mountainview Mine7

Nevada Zinc Drill hole Collar

Main Access Road

Drilling Plan Map

Nevada Zinc DrillingTo-Date:62 Drill Holes Total: 9,500mPer i od : 2014 -2016

Mineralization Remains Open for Significant Expansion

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Discovery Section Cross Section

FIRST HOLE LM-14-01

7.56%Zn+Pb

Over 89.92mIncluding

27.32% Zn+Pb Over 10.67m

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First hole drilled by NZN

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HIGHLIGHTS HOLE LM-14-27

10.32% Zn+Pb

Over 118.87mIncluding

Northwest Section Cross Section

29.07% Zn+Pb Over 15.24m10

Few ZINC Companies Drilling – None With Shallow Results Like This!

VERY FEW JUNIOR ZINC COMPANIES11

Hole ID From (m) To (m) Length (m) Zn (%) + Pb (%)LM-14-01 114.30 204.22 89.92 7.56

LM-14-02 108.20 185.93 77.73 3.05

LM-14-04 121.92 167.03 45.11 11.87

LM-14-05 112.78 182.88 70.10 2.87

LM-14-06 102.11 166.12 64.01 6.98

LM-14-06 105.16 121.92 16.76 23.58

LM-14-07 147.83 156.97 9.14 3.10

LM-14-09 114.30 254.51 140.21 5.17

LM-14-10 178.31 196.60 18.29 6.82

LM-14-12 138.68 164.59 25.91 5.43

LM-14-13 109.73 169.16 59.43 7.96

LM-14-14 120.40 185.93 65.53 6.37

LM-14-15 92.96 99.06 6.10 4.24

LM-15-16 33.53 44.20 10.67 11.06

LM-15-17 35.05 57.91 22.86 3.08

LM-15-18 27.43 74.68 47.25 6.20

LM-15-21 198.12 210.31 12.19 3.15

LM-15-22 167.64 204.22 36.58 3.93

LM-15-23 117.35 135.64 18.29 3.77

LM-15-24 96.01 146.30 50.29 5.26

LM-15-25 117.35 120.40 3.05 3.86LM-15-26 155.45 182.89 27.44 3.41

LM-15-27 126.49 245.36 118.87 10.32

LM-15-28 59.44 67.06 7.62 2.70

LM-15-33 146.30 152.40 6.10 3.12

LM-15-34 128.02 144.78 16.76 5.96

LM-15-36 146.30 237.74 91.44 10.83

Phase 1-3 Drill Results

Few ZINC Companies Drilling – None with Shallow Results Like This!

VERY FEW JUNIOR ZINC COMPANIES12

Phase 4 Drill ResultsHole ID From (m) To (m) Length (m) Zn (%) + Pb (%)LM-16-37 63.58 73.15 4.57 4.46LM-16-38 41.15 65.53 24.38 7.71LM-16-39 50.29 56.39 6.10 9.87LM-16-40 56.39 80.77 24.38 3.41LM-16-41 33.53 44.20 10.67 2.42LM-16.42 22.86 44.20 21.34 9.12LM-16-43 4.57 9.14 4.57 3.93LM-16-45 24.38 35.05 10.67 12.50LM-16-46 12.19 32.00 19.81 5.22LM-16-47 9.14 13.72 4.57 12.36LM-16-48 10.67 114.30 103.63 3.44LM-16-49 21.34 59.44 38.10 4.35LM-16-50 33.53 44.20 10.67 8.78LM-16-51 57.91 60.96 3.05 2.40LM-16-52 28.96 41.15 12.19 12.38LM-16.53 126.49 128.02 1.52 2.95LM-16-55 144.78 147.83 3.05 1.97LM-16-56 164.59 265.18 100.58 6.99LM-16-57 6.10 53.34 47.24 6.44LM-16-58 3.05 44.20 41.15 6.14LM-16-59 60.96 58.58 7.62 2.61LM-16-61 74.68 89.92 15.24 7.46LM-16-62 65.53 68.58 3.05 9.55

Idealized Longitudinal Section - Lone Mountain

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Discovery Zone Drilled over 180m lengthDrilled over a dip length of 250mAverage Thickness near 40 metresSG approximately 2.7

Focus of Phase 4,5 Drilling – slide not updated – Results on previous slide

Metallurgy is Important in Non Sulphide Zinc Deposits

80SG > 3.03

• At a SG cut point 3.03, >79% of the zinc was recovered into 31% of the mass at a grade of 36.7% Zn.

• Rejection of acid consuming gangue minerals (CaCO3, MgCO3) was approximately 90%.

• This indicates that a saleable concentrate can likely be produced by a DMS only process.

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90SG > 3.03

• At a SG cut point 3.03, ~80% of the zinc was recovered into 31% of the mass at a grade of 36.7% Zn.

• Rejection of acid consuming gangue minerals (CaCO3, MgCO3) was approximately90%.

• Conclusion:"This indicates that a saleable concentrate can likely be produced by a DMS only process".

Acid Consuming Carbonate Rejection

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Outotec Leach Testing (Press Release Dated June 6-16)Dissolution (leach) testing by process specialists at Outotec, FinlandTest parameters rather standard

Results showed:• High dissolution (leach) rate• Dissolution not significantly different - 75

and 90 degrees Celsius• Gangue also dissolved quickly• Pre-concentration will drastically reduce

costs for acid (prior HLS tests) • Carbonate reduction is key• pH 2 (=lemon juice) or lower showed fast

and exceptional leaching results • Leach cycle is exothermic (self-heating)• Zn can be recovered as SHG zinc product

or perhaps intermediate product

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Zinc Sulphate Fertilizer Opportunity – Low CAPEX Local Consumers

Zinc Deficient Soybean PlantWidespread Zinc in soil deficiencies in USA, and the world generally due to zinc uptake by plants over decades.Dissolution of Zinc minerals (oxide/carbonate) in sulphuric acid produces zinc sulphate (zinc fertilizer).Zinc sulphate is the product of choice for zinc fertilizer; also used as cattle feed, medicine, pesticide, fungicide, in rayon and for electroplating.

Zinc sulphate fertilizer production facility USA (Not Nevada Zinc)

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PROGRESS and Goals

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Q1 - Q2 2016•Commenced Phase 4 drill program •Drilled additional holes at Discovery Zone and Initial Holes at Mtn View Mine•Completed initial work on metallurgy of Lone Mtn mineralization•Closed $2 million financing (no warrants)

Q3 - Q4 2016•Completed Phase 4 program (total 26 holes - total drilling to date 62 holes)•Completed GOLD exploration on VIP, Goodman and Livingstone projects - Yukon•Commenced Phase 5 drill program in late October 2016•Report on Yukon summer exploration programs upon receipt of all data

Q1 - Q2 2017 (targets)•Complete and report on Phase 5 Drill Program•Prepare for and Commence Expanded Exploration Programs in Yukon•Continue on basic Flow Sheet Evaluation for Lone Mountain •Prepare Initial 43-101 Resource Estimate for Lone Mountain Project

Tremendous Blue Sky Opportunities to Drive NZN Share Price

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• Excellent Shallow Blue Sky Opportunities at Lone Mtn.• Potential for Sulfide Mineralization at Depth at Lone Mtn• Opportunity for Special Low Cost Zinc Fertilizer Products• Tremendous Blue Sky Opportunities in Yukon Gold Portfolio• High Potential for significant GOLD at VIP, located next to

Goldcorp• High Potential for significant GOLD at Goodman next to

Victoria Gold• High Potential for significant GOLD at Livingstone

One of the Best New Developing Gold Districts –Yukon Canada

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These 5 deposits total 65 million ounces of gold

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Yukon Gold Assets

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Goodman

VIP

Livingstone

Red Stars denote original properties

VIP Project covers 17km along main structural trend from Goldcorp.Acquired in 2010 before Kaminak Gold Discovery. Gold targets outlined 2016 Program completed: results pending.Drill Ready.

Goldcorp recent purchase – 100% of Kaminak - $521 million

Goldcorp recent purchase - 19.9% of Arcus Development

NZN – VIP Project

Goldcorp recent purchase – 19.9% of Independence Gold

VIP Project Nevada Zinc (formerly Goldspike)

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Rex Hole 382g/t silver/27m

6 million ounces gold outlined

Rex-Peso Property NZN

Numerous new Geochem targets

outlined.

Nevada Zinc Goodman

No geochem shown

Nevada Zinc and Victoria Gold Property Positions and Exploration Highlights

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Antimony (Sb) Geochem: One of the strong indicators of Gold and Silver mineralization Area of very little outcrop.Area is largely till covered, which dilutes geochemical signatures.

Goodman Geochem Results – New Developments

Multiple gold in soils>100ppb

RecentlyIdentified Felsic

Intrusion

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Where Do Such Extremely Large Gold Nuggets Originate?• Longstanding arguments have recently been

largely resolved.• Large nuggets do not ‘grow in situ’• Large nuggets do not travel very far.• Large nuggets were not ‘hammered together

from many small ones’.• Large nuggets have very consistent

geochemistry that reflect local bedrock geochemistry.

• Very large nuggets are formed from ‘Museum specimens’ like the ones pictured here.

• At Livingstone local creeks typically contain quartz and the placers contain graphite and magnetite like the bedrock near the new showing area on the NZN property.

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Livingstone Gold Project – Whitehorse Area -Yukon• Compelling Untested Gold

target• Expanded land position

covers 10km• 5 years of work completed• Waiting for 2016 results• Drill ready target• Very large gold nuggets

recovered in placer mining from 5 creeks over 10km.

• Placer mining continuous for nearly 100 years.

• No gold in bedrock until now.

• Geochemistry of Nuggets matches new gold discovery.

• Camp scale potential• Not a single drill hole in the

district.

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EXTENSIVE NEW MULTI-PARAMETER GOLD TARGET IDENTIFIED

RECENT ZTEM CONDUCTIVITY MAP (YGS survey) SHOWING SEVERAL KM STRUCTURE CORRELATING WITH MULTI-ELEMENT GEOCHEM TARGET AND NEW GOLD SHOWING AS WELL AS IP TARGET TRACED FOR 800M (on left). Target is 6km long on NZN property. (each claim-red square is 500m).

New gold showing with matching geochem to very large gold nuggets.

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Nevada Zinc Summary

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Professional Successful Management.Pushing Exploration Timelines on Special Zinc Opportunity.Evaluating Opportunities to Create Low CAPEX and OPEX ZINC Project to Benefit Shareholders.Maintaining and Advancing Yukon Gold Assets at Low Cost.Working to Create a Significantly Higher Market Cap for all Shareholders.Maintaining Potential “Blue Sky” Share Price Upside.Significant News flow in the coming months.