Adventus Zinc Corporation (TSX-V:ADZN) is pleased to announce that it has closed the previously announced non-brokered private placement pursuant to which the Company issued 10,266,925 common shares of the Company at a price of $0.90 per Share, representing total gross proceeds of approximately C$9.2 million.

Wheaton Precious Metals Corp. (TSX: WPM) (NYSE: WPM) was the largest participant in the Offering, which also included Adventus Zinc’s existing strategic shareholders Greenstone Resources II LP and Altius Resource Inc., a subsidiary of Altius Minerals Corporation (TSX: ALS) (insiders of Adventus Zinc with existing participation rights subscribed for a total of 2,840,200 Shares under the Offering). Wheaton now owns 9.99% of Adventus Zinc’s common shares and has been granted the right to participate in future equity offerings so that it can maintain at least its pro rata ownership at the time of any such offering, up to a maximum of 9.9% of the common shares of Adventus Zinc (provided Wheaton holds at least 5.0% of the outstanding equity at the time of such an offering).

In addition, and as detailed in the June 28, 2018 Company press release, a subsidiary of Wheaton, Wheaton Precious Metals International Ltd., has paid C$800,000 in cash to Adventus Zinc for certain first rights relating to new precious metals royalties or streams pertaining to the Company’s interests in the Curipamba project and within its Ecuador exploration alliance, as well as future projects acquired by the Company in Ecuador. The terms of Wheaton’s rights are set out in an agreement which will be filed on SEDAR.

Concurrent with completing the Offering, the Company issued an aggregate of 3,804,348 common shares of Adventus Zinc to Salazar Resources Ltd. as consideration for the Pijilí and Santiago projects that were acquired under its Ecuador exploration alliance (as previously announced in news releases dated March 28, 2018 and May 22, 2018).

The net proceeds of the Offering will be used by the Company to fund exploration and development activities at the Curipamba project and within its Ecuador exploration alliance. Part of the Offering constituted a “related party transaction” within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101. The Company has relied upon exemptions from the formal valuation and minority approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a).

Adventus Zinc has received TSX Venture Exchange conditional approval for the Offering, including the common shares issuance to Salazar Resources. The securities issued pursuant to the Offering are subject to a statutory four month and one day hold period. No commissions were paid for the Offering. The Shares were offered for sale on a private placement basis pursuant to applicable exemptions from the prospectus requirements.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Shares in any state in which such offer, solicitation or sale would be unlawful.  The Shares have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

About Adventus Zinc

Adventus Zinc is a well-financed company focused on base metals exploration and project development globally. Its strategic shareholders include Altius Minerals Corporation, Greenstone Resources LP, Resource Capital Funds, and Wheaton Precious Metals Corp.; as well as other highly respected investors in the mining business. Adventus Zinc currently has large prospective land packages in both Ireland and Newfoundland and Labrador, Canada (the latter currently subject to a reverse take-over with Canstar Resources Inc.), and is earning a 75% ownership interest in the Curipamba copper-gold-zinc project in Ecuador. In addition, Adventus Zinc has a country-wide exploration alliance with its partners in Ecuador, incorporating two projects to date.

About Wheaton Precious Metals

Wheaton Precious Metals is the largest pure streaming company in the world. The company has entered into agreements to purchase all or a portion of the silver and/or gold production from long-life, low-cost mines for an upfront payment and an additional payment upon delivery of the precious metals. The company’s production profile is driven by a portfolio of high quality assets, including a gold stream on Vale’s Salobo mine, and silver streams on Glencore’s Antamina mine and Goldcorp’s Peñasquito mine.