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Tinka Announces Filing of Ni 43-101 Technical Report FOR the PEA ON the Ayawilca Property, PERU

Resource Estimates Technical Reports (NI 43-101) Economic Studies

TINKA RESOURCES LIMITED

#1305 – 1090 WEST GEORGIA STREET

VANCOUVER, B.C. V6E 3V7

Tel: (604) 685 9316 Fax (604) 683 1585

Website: www.tinkaresources.com

TSXV & BVL: TK OTCPK: TKRFF

NEWS RELEASE August 15, 2019

TINKA ANNOUNCES FILING OF NI 43-101 TECHNICAL REPORT FOR THE PEA ON THE

AYAWILCA PROPERTY, PERU

Vancouver, Canada – Tinka Resources Limited ( “Tinka” or the “ Company”) ( TSXV & BVL: TK )

(OTCPK: TKRFF) announces that it has filed a National Instrument 43-101 Tech nical Report (the “ Tech-

nical Report”) for the Preliminary Economic Assessment (“PEA”) on the Ayawilca Property, Peru, in support

of the Company’s news release dated July 2, 2019 (the “News Release”). There are no material differences

in the NI 43-101 Technical Report from the information disclosed in the News Release.

The Technical Report was prepared by Amec Foster Wheeler Peru S .A. (Wood) as principal consultant,

Transmin Metallurgical Consultants, and Roscoe Postle Associate s Inc. (RPA), and is titled “Ayawilca

Polymetallic Project, Department of Pasco, Central Peru – NI 43 -101 Technical Report”. The Technical Re-

port may be found under the Company’s profile on www.sedar.com a n d a t t h e C o m p a n y ’ s w e b s i t e a t

www.tinkaresources.com.

The Company held an investor webcast on Wednesday, July 31, 201 9 . D r . G r a h a m C a r m a n p r e s e n t e d a

s u m m a r y o f t h e r e s u l t s o f t h e C o m p a n y ’ s P E A a n d d i s c u s s e d t h e ne x t s t e p s o f t h e o n g o i n g A y a w i l c a

exploration program. Tinka’s shareholders and interested partie s may listen to the July 31 webcast by using

the following link: https://event.on24.com/wcc/r/2059247/4A04B90B7E1E103C32370F058F1FD77F

About Tinka Resources Limited

Tinka is an exploration and development company with its flagship property being the 100%-owned Ayawilca

carbonate replacement deposit (CRD) in the zinc-lead-silver bel t of central Peru, 200 kilometres northeast of

Lima. The Ayawilca Zinc Zone contains 11.7 Mt of Indicated Resources grading 6.9% zinc, 0.2% lead, 15 g/t

silver and 84 g/t indium, and 45.0 Mt Inferred Resources gradin g 5.6% zinc, 0.2% lead, 17 g/t silver and 67

g/t indium. The Ayawilca Tin Zone contains an Inferred Mineral Resource of 14.5 Mt at 0.63% tin, 0.21%

copper & 18 g/t silver (November 26, 2018 release). The Colquipucro silver oxide deposit contains 2.9 Mt of

Indicated Resources grading 112 g/t silver (for 10.4 Moz Ag) an d 2.2 Mt Inferred Resources grading 105 g/t

silver (for 7.5 Moz Ag) in high grade lenses within a prelimina ry open pit shell using a $46/t NSR cut off

(November 26, 2018 release). A Preliminary Economic Assessment for the Ayawilca Zinc Zone was released

on July 2, 2019 (see release).

The Qualified Person, Dr. Graham Carman, Tinka’s President and CEO, and a Fellow of the Australasian

Institute of Mining and Metallurgy, has reviewed and verified the technical contents of this release.

On behalf of the Board,

“Graham Carman”

Dr. Graham Carman, President & CEO

Investor Information:

www.tinkaresources.com

Rob Bruggeman 1.416.884.3556

[email protected]

Company Contact:

Mariana Bermudez, 1.604.699.0202

[email protected]

Forward Looking Statements: Certain information in this news release contains forward-look ing statements and forward-looking

information within the meaning of applicable securities laws (collectively "forward-looking statements"). All statements, other than

statements of historical fact are forward-looking statements. F orward-looking statements are based on the beliefs and expectat ions of

Tinka as well as assumptions made by and information currently available to Tinka's management. Such statements reflect the current

risks, uncertainties and assumptions related to certain factors including, without limitations, drilling results, the Company’ s

expectations regarding the Ayawilca Project PEA, capital and other costs varying significantly from estimates, production rates varying

from estimates, changes in world metal markets, changes in equi ty markets, uncertainties relating to the availability and cost s of

financing needed in the future, equipment failure, unexpected g eological conditions, imprecision in resource estimates or meta l

recoveries, success of future development initiatives, competit ion, operating performance, environmental and safety risks, del ays in

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obtaining or failure to obtain n ecessary permits and approvals from local authorities, community agreements and relations, and other

development and operating risks. Should any one or more of thes e risks or uncertainties materialize, or should any underlying

assumptions prove incorrect, actual results may vary materially from those described herein. Although Tinka believes that assumptions

inherent in the forward-looking statements are reasonable, forw ard-looking statements are not guarantees of future performance and

accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Except as may be required by

applicable securities laws, Tinka disclaims any intent or obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provid er (as that term is defined in the policies of the TSX Ventu re

Exchange) accepts responsibility for the adequacy or accuracy of this news release