ScoZinc Mining Ltd. (TSXV: SZM) ("ScoZinc" or the "Company") announces that the February 12, 2021 Arrangement Agreement between ScoZinc and Fancamp Exploration Ltd. ("Fancamp") has been terminated, and the parties have entered into a new agreement (the "Agreement") in which Fancamp will invest in ScoZinc by way of subscription to a $1,300,000 non-brokered private placement as well as convert the Fancamp Loan and Termination Fee to equity in ScoZinc.