Pasinex's Drilling Success at Pinargozu Zinc-Lead Project, Turkey, Confirms Continuity of High-Grade Material

Toronto, Ontario--(Newsfile Corp. - May 26, 2015) - Pasinex Resources Limited (CSE: PSE) (FSE: PNX) today announced an update on exploration drilling at its Pinargozu Zinc Mine in Adana province, Turkey, where Pasinex has a 50:50 joint venture with Turkish mining company Akmetal AS in the Horzum AS joint venture company.

Steve Williams, CEO of Pasinex Resources states, "This is an exciting time for Pasinex. Drill results from our Pinargozu mine project continue to cut high-grade zinc mineralization. Several holes intercepted mineralization ranging between 19.5% up to 36.5% Zn. What is particularly encouraging is that these intercepts are all in is emerging as a new north-east extension where drilling previously cut 35.5 m of 37.7% zinc (see news release from March 25^th earlier this year). We now have a number of intercepts in this area that enable us to start to work in-house on estimating a resource in this area. In the meantime, drilling continues on Pinargozu and most importantly on the nearby Akkaya exploration project which also lies along the main mineralizing trend. We expect to report on Akkaya during the summer months."

Since the last news release in this regard (25 March, 2015), Horzum AS has completed 14 diamond bore holes at the Pinargozu Mine for an aggregate of 1,534 m of drilling.

Underground development at the Pinargozu mine continues with the objective of ramping up production. Mine production of high grade direct shipping material has continued through all of 2015. The production rate for 2015, through to end of April, averaged 29 tpd or approximately 2.4 million pounds of zinc, year-to-date. The mined material has all been moved from the mine site to a warehouse in Adana (owned by Akmetal AS). There it is crushed, sized and stored pending final sale. The joint venture company Horzum AS (50 / 50 Pasinex and Akmetal AS) has increased the workforce at the Pinargozu mine site this year from around 35 people on site to over 50 people. The staff increase will assist with production from the underground mine. The immediate task is to carry out more drifting underground and mine development in general that will open up more galleries to access, mine and then transport the mined direct shipping material for ultimate sale. All of this work will feed into a maiden and compliant resource report that will be made available later next quarter.

The results of this drilling are summarised in Table 1 below, and illustrated in Figures 1 and 2 overleaf.

Table 1: Summary list of diamond drilling completed at the Pinargozu Mine from 17 March, 2015, to 15 May, 2015.

Figure 1: Plan showing boreholes of Table 1 together with selected historical boreholes, Level 677 and Level 707 development outlines, and areas from which ore has been mined (red).

To view an enhanced version of Figure 1, please visit:
http://orders.newsfilecorp.com/files/3243/15554_newsenhancedx3x1.jpg

The following conclusions are drawn from the results of this drilling:

Figure 2: View to the West of a North-to-South vertical geological section onto which the boreholes of Table 1 have been projected. Mineralized intersections for all the drilled holes are illustrated, including intersections for PPS15-010 to PPS15-013 that were drilled recently. These holes were targeting the mineralized zone from a different angle and from a different drill site than that used for previous holes.

To view an enhanced version of Figure 2, please visit:
http://orders.newsfilecorp.com/files/3243/15554_newsenhancedx4x1.jpg

Zinc grades listed in Table 1 are those reported for analyses undertaken by the SGS Geochemical Laboratory in Ankara.

Clinton Smyth, P.Geo and VP Exploration for Pasinex, is the qualified person as defined by National Instrument 43-101 who has verified the written disclosure of all scientific and technical information in this news release.

About Pasinex

Pasinex Resources Limited (CSE: PSE) (FSE: PNX) is a base and precious metal-focused exploration company with a goal is to build a mid-tier international mining company focused on base metals. The Company's initial priority is to build a prospective portfolio of base metal opportunities in Turkey with the assistance of partner Akmetal A.S., one of Turkey's largest family-owned conglomerates, and past-producer of zinc from the nearby Horzum Zinc Mine. The Company has a strong technical management team with many years of experience in mineral exploration and mining project development focused on discovery and development of new zinc deposits north of a small historical mining camp along a potentially major carbonate-replacement deposit (CRD) trend. Visit our web site at: www.pasinex.com

The CSE does not accept responsibility for the adequacy or accuracy of this news release.

This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.

All statements within, other than statements of historical fact, are to be considered forward looking. Although Pasinex Resources Ltd. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include: the forgoing ability to finance exploration in order to further the Pinargozu Property, Akkaya Project and the Golcuk Property in 2015, all exploration drilling results, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.