Halifax, Nova Scotia – (Newsfile Corp. – September 16, 2021) – ScoZinc Mining Ltd. (TSX Venture Exchange: SZM) (“ScoZinc“or the”Society“) announces that the arrangement agreement of February 12, 2021 between ScoZinc and Fancamp Exploration Ltd. (“Fancamp“) has been terminated and the parties have entered into a new agreement (the”Agreement“) in which Fancamp will invest in ScoZinc through a subscription to a non-brokered private placement of $ 1,300,000 and convert the Fancamp loan and termination fee into shares in ScoZinc.

President and CEO Mark Haywood said: “We are very pleased to announce that Fancamp will invest in ScoZinc primarily through a private placement of $ 1.3 million and a candidate for the board of directors. Combined with the conversion of the Fancamp loan, Fancamp will become a fundamental investor in ScoZinc, which we believe will help immensely in our plans to fund the Scotia mine for commercial production.

ScoZinc will provide a business update shortly, including the latest developments at our Scotia mine. “

In connection with the termination of the Arrangement Agreement, a termination fee of $ 300,000 (“Termination Fee“) must be paid by Fancamp to ScoZinc today.

Under the Agreement, Fancamp will subscribe for 1,969,697 common shares of ScoZinc at a price of $ 0.66 per share through a non-middleman private placement for a total purchase price of $ 1,300,000 ( “Private placement“), and the Fancamp termination fee of $ 300,000 will be credited to the Fancamp subscription. Regarding Fancamp’s secured loan to ScoZinc totaling a principal amount of $ 250,000 (the”To lend“), ScoZinc will issue to Fancamp 378,788 fully paid and non-assessable common shares of ScoZinc at a deemed issue price of $ 0.66 per share in full and final settlement of the loan and any other amount that may be owed by ScoZinc to Fancamp with regard to the Loan (the “Debt settlementAlong with the closing of the private placement and debt settlement, ScoZinc will appoint a candidate from Fancamp to its board of directors, provided that Fancamp’s stake is greater than 10% of the then issued and outstanding shares of ScoZinc on an ongoing basis.

The private placement and debt settlement are subject to final approval by the TSX Venture Exchange.

About ScoZinc Mining Ltd.

ScoZinc is a Canadian exploration and mining company with full ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia. ScoZinc also holds several prospective exploration permits near its Scotia mine and in surrounding areas of Nova Scotia.

The Company’s common shares trade on the TSX Venture Exchange under the symbol “SZM”. For more information please contact:

Marc Haywood
President and CEO

Robert Sutti
Financial director

Simion candrea
VP Investor Relations

The head office
Purdy’s Wharf, 1959 Upper Water Street, Suite 1301, Nova Scotia, B3J 3N2, Canada
Telephone +1 (902) 482 4481
Fax +1 (902) 422 2388
Email and Web This e-mail address is protected from spam. You need JavaScript enabled to view it. & www.ScoZinc.com

The Company’s corporate documents and technical reports can be viewed on the Company’s SEDAR profile at www.sedar.com. Further information on ScoZinc is also available on Facebook at www.facebook.com/ScoZinc, Twitter at www.twitter.com/ScoZincMining, and LinkedIn at www.linkedin.com/company/scozinc-mining-ltd.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release includes certain forward-looking statements that are not made up of historical facts. Forward-looking statements include estimates and statements that describe the future plans, objectives or goals of the Company, including words indicating that the Company or management expects a condition or reported result to occur. Forward-looking statements may be identified by words such as “believes”, “anticipates”, “expects”, “estimates”, “could”, “could”, “could”, “will” or “will”. Because forward-looking statements are based on assumptions and deal with future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. The risks, uncertainties and other factors involved in forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information contained in this press release includes, without limitation, the Company’s objectives, goals or future plans, statements, potential results of mineralization, exploration and development, mineral resource estimates, mining exploration and development plans, timing of commencement of operations and estimates of market conditions. There can be no assurance that forward-looking statements will prove to be correct and that actual results and future events could differ materially from those anticipated in such statements. Significant factors that could cause actual results to differ materially from ScoZinc’s expectations include, among others, the extent to which mineral resource and reserve estimates reflect actual mineral resources and reserves, the extent to which factors that would make it a commercially viable mineral deposit is present, the price of zinc and lead, the uncertainties relating to the availability and costs of the necessary financing in the future, the evolution of the stock markets, the risks associated with international operations, the actual results ongoing exploration activities, delays in project development, conclusions of economic assessments and changes in project parameters as plans continue to be refined, as well as future metal prices, ability to predict or counter the potential impact of the COVID-19 coronavirus on relevant factors ents for the activities of the Company, as well as the factors discussed in the section entitled “Risk Factors” in the discussion and analysis of the management of ScoZinc on the Annual Financial Statements of the Company for the period ended December 31, 2020 Although ScoZinc has attempted to identify significant factors that could cause actual results to differ materially, other factors may cause results not to be as anticipated, estimated or expected. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Therefore, readers should not place undue reliance on forward-looking statements.

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