Vendetta Mining Corp. announced the results of an independent Preliminary Economic Assessment (PEA) for its Pegmont Lead-Zinc Project (the Project) in Queensland, Australia. The PEA was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). The PEA was developed by a team of independent consultants, including AMC Mining Consultants (Canada) Ltd., (AMC), GR Engineering Services (GRES), and AARC Environmental Solutions (AARC). Project Economic Highlights: Mine Life 10 years at 3,000 tonne per day open pit followed by underground; Long Term Consensus Metal Prices: $0.94 /lb Lead, $1.09 /lb Zinc and $16.50 /oz Silver; US Dollar to Australian Dollar exchange rate of 0.75; Preproduction Capital of $170M and Life of Mine Sustaining Capital of $59 million; Pre-Tax NPV (8%) $201 million and IRR 32%; After Tax NPV (8%) $124 million and IRR 24%; After tax payback period 3.5 years; Spot price case after tax NPV (8%) $158 million and IRR 27%; Spot price case after tax payback period 3.0 years; Average annual production of 124M lbs of lead, 50M lbs of zinc and 298K ounces of silver; Life of mine all-in sustaining Cash Cost (AISC) of $0.71 /lb payable lead in concentrate (after credits); Average net smelter return (NSR) 135 /t of ore; Opportunities for continued refinement through further mine plan optimization and metallurgical test work; There remain significant Mineral Resources not included in the PEA mine plan, which, with further drilling will potentially increase the mine life or increase production rate.