NorZinc Announces Shareholder Approval of Previously Announced RCF Royalty

Press Release

November 19, 2019 ─ Vancouver, British Columbia ─ NorZinc Ltd. (TSX: NZC; OTCQB: NORZF) (the “Company” or “NorZinc”) the Company is pleased to report the voting results of a Special Meeting of Shareholders held on November 18, 2019 (the “Meeting”). As explained in the Company’s news release dated September 30, 2019 and more particularly described in the Information Circular dated as of October 9, 2019, the Meeting was called for the purpose of obtaining majority disinterested shareholder approval of the proposed sale to RCF VI CAD LLC (“RCF”) of a 1% net smelter return royalty (the “Royalty”) for a purchase price of C$8 million.

A total of 177,817,676 common shares were voted at the Meeting, including 26,187,676 held by disinterested shareholders. Approximately 97% of disinterested shareholders who voted, voted in favour of a resolution authorizing and approving the sale and issuance of the Royalty substantially on the terms and conditions set forth in the royalty agreement attached to the Information Circular dated as of October 9, 2019.

As announced in the Company’s news release dated September 30, 2019, RCF previously agreed to, and did, provide a short-term loan to the Company (the “Loan”) of US$6 million, with interest at a rate of 8% per annum payable on maturity, being the earlier of (a) 120 days from the first advance under the Loan and

• the date on which the Royalty is funded by RCF. Accordingly, upon closing under the Royalty, the proceeds from the Royalty are planned to be applied to repay the Loan, with interest, in full.

About NorZinc

NorZinc is a TSX-listed mine development company trading under NZCthe” .symbolTheCompany“ is developing its key project, the 100%-owned high grade zinc-lead-silver Prairie Creek Mine, located in the Northwest Territories. The Company also owns projects in Newfoundland that host several zinc-lead-copper-gold-silver deposits.

For further information contact:

Don MacDonald
President & CEO
(604) 688-2001
Suite 1710
650 West Georgia Street, Vancouver, BC V6B 4N9
Tollfree:1-866-688-2001

Steve Dawson
VP Corporate Development
(416) 203-1418
Suite 1805
55 University Avenue, Toronto, ON M5J 2H7
steve.dawson@norzinc.com

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