Dr. Graham Carman reports

TINKA ANNOUNCES FILING OF NI 43-101 TECHNICAL REPORT ON THE AYAWILCA PROPERTY, PERU

Tinka Resources Ltd. has filed an independent National Instrument 43-101 technical report on the mineral resource estimate for the Ayawilca property, department of Pasco, Peru, in support of the company's news release dated May 25, 2016.

The updated inferred mineral resource estimate for the Ayawilca zinc zone now consists of 18.8 million tonnes grading 8.2 per cent zinc equivalent (5.9 per cent zinc, 0.2 per cent lead, 74 grams per tonne indium and 15 grams per tonne silver). In addition, an initial inferred mineral resource estimate for the Ayawilca tin zone consists of 5.4 million tonnes grading 0.89 per cent tin equivalent (0.76 per cent tin, 0.31 per cent copper and 18 grams per tonne silver). Both resource cut-off grades are equivalent to an approximate net smelter return of $60 (U.S.) per tonne.

The Colquipucro deposit indicated mineral resource of 7.4 million tonnes grading 60 grams per tonne silver and inferred mineral resource of 8.5 million tonnes grading 48 grams per tonne silver remains unchanged since the previous resource update of February, 2015.

Dr. Graham Carman, Tinka's president and chief executive officer, stated: "The NI 43-101 technical report updates and replaces the previous technical report describing mineral resources at the Ayawilca property, resulting from mineralization discovered in the 9,000-metre step-out drill program during the latter half of 2015. The updated zinc zone mineral resource is a 42-per-cent resource increase at a higher zinc-equivalent grade from the previous estimate. We expect the mineral resources at Ayawilca to continue to grow as the drilling footprint expands. Many more targets remain to be drill tested, and we are very much looking forward to the commencement of drilling once final approvals are obtained, expected late Q3 2016."

The NI 43-101 technical report was authored by David Ross, PGeo, of Roscoe Postle Associates Inc., who is an independent qualified person as defined by National Instrument 43-101. Mr. Ross has read and approved the technical contents of this release as it pertains to the mineral resource estimates.

The NI 43-101 technical report may be found under the company's profile on SEDAR and on the company's website.

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