Ann: Restricted Securities to be Released from Escrow, page-11

Copied from Inzinc CFS 30-9-2023

InZinc Mining Ltd. Notes to the Condensed Interim Consolidated Financial Statements(Unaudited - Expressed in Canadian dollars)For the nine months ended September 30, 2023.

MARKETABLE SECURITIES

In fiscal 2021, the Company received 13,385,000 common shares of American West Metals Limited (“AmericanWest”), with a fair value of $1,752,592, pursuant to the sale of the West Desert property (Note 6).

As at September30, 2023, the Company held 7,163,698 (December 31, 2022 - 13,385,000) shares with a fair value of $879,437(December 31, 2022 - $1,328,076).

The change in the fair value of the shares resulted in an unrealized gain onmarketable securities for the nine months ended September 30, 2023 of $365,960 (September 30, 2022 -$361,799). During the nine months ended September 30, 2023, the Company sold 6,221,302 (September 30, 2022- nil) common shares for proceeds of $714,974 (2022 - $nil) resulting in a realized loss on sale of marketablesecurities of $99,625 (2022 - $nil).

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If they haven't sold anymore then they only hold 7,163,698 shares currently. They haven't appeared on T20 lists published here on HC. They don't seem to be in the escrow arragements as they have sold some within the 2 year window.

Bit of a mistery ?

Cheers