20200916-CZL-ENTITLEMENT-ISSUE-FINAL-ASX-LODGEMENT

Consolidated Zinc Limited (“Company”) (ASX:CZL) is pleased to announce that it intends to undertake a fully underwritten non-renounceable pro rata entitlement offer on the basis of three (3) new fully paid ordinary shares (“New Shares”) for every eleven (11) Shares held on 24 September 2020 (“Record Date”) at an issue price of A$0.003 per New Share to raise $2,038,291 (before costs), together with one (1) free attaching
quoted option (ASX:CZLOB) for every three (3) New Shares subscribed for and issued, exercisable at A$0.006 on or before 1 June 2023 (“New Options”) (“Offer”). The Company expects to lodge a prospectus for the purpose of the Offer (“Offer Document”) with ASIC on or about Friday, 18 September 2020.