Zinc One Resources Inc. (TSXV:Z, FSE:RH33, OTC:ZZOF) announces the first ever drill results have confirmed a new high-grade zinc mineralized zone at Mina Chica, which is one of several high-grade mineralized areas being targeted in the ongoing drill program at the Bongará Zinc Mine project located in north-central Peru. More importantly, these drill results penetrated as much as 16.5 metres of true vertical thickness with 36.5% zinc resulting in the base of mineralization at Mina Chica potentially being substantially deeper than previously contemplated. Zinc One anticipates that its new understanding of the high-grade Mina Chica mineralized zone will have a positive impact on the resource estimate at the Bongará Zinc Mine, which is anticipated to be released in Q2 2018.

To date, assays for only 6 of 34 holes drilled at Mina Chica have been received and are reported herein. Visual zinc mineralization has been noted in the other holes and assays will be announced when received and data has been compiled.

Mina Chica is only one of three known zones of high-grade near-surface zinc oxide mineralization along a 1.6 kilometre mineralized trend that will be tested by this drill program. At Bongarita, which lies approximately 200 metres west of Mina Chica, results from only 13 of the 36 holes drilled there have been reported. At Mina Grande Sur, which lies approximately 1.2 kilometres southeast of Mina Chica and where a second rig is currently drilling, results from only 11 of 54 holes drilled have been reported.

Mina Chica Drill Results Highlights:

A total of 34 holes totaling 1,140 metres were drilled from 11 platforms

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Results from six holes are reported herein

Significant intercepts include:

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MCH18004 – 16.5 metres of 35.6% zinc, from 15.0 metres drill depth

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MCH18005 – 18.0 metres of 31.0% zinc, from 20.8 metres drill depth

True vertical thickness of 12.7 metres starting at 14.7 metres drill depth

Mineralization is open at depth (final 1.5 metres assayed 11.4% zinc)

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MCH18006 – 20.8 metres of 23.8% zinc from the