Mr. Peeyush Varshney reports

CANADA ZINC METALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Canada Zinc Metals Corp. has arranged a private placement of up to $3-million at a price of 40 cents per unit. Each unit will consist of one flow-through common share and one-half share purchase warrant of the company. Each whole warrant will entitle the holder to purchase one additional common share at a price of 60 cents for a period of 18 months from closing.

A finder's fee of 4 per cent will be paid in cash. The company has agreed to allocate the offering to subscribers found by Secutor Capital Management Corp. and Marquest Asset Management Inc.

The private placement is subject to TSX Venture Exchange approval.

The proceeds are to be used for further exploration of the Akie Sedex zinc-lead property and to explore the Kechika regional project -- the balance of the company's portfolio of mineral holdings located within the highly prospective Kechika trough, Sedex, zinc-lead basin of northeastern British Columbia.

About the Akie property

The Akie zinc-lead property is situated within the southernmost part (Kechika trough) of the regionally extensive Paleozoic Selwyn basin, one of the most prolific sedimentary basins in the world for the occurrence of Sedex zinc-lead-silver and stratiform barite deposits.

Drilling on the Akie property by Inmet Mining Corp. during the period from 1994 to 1996 and by Canada Zinc Metals since 2005 has identified a significant body of baritic-zinc-lead Sedex mineralization (Cardiac Creek deposit). The deposit is hosted by variably siliceous, fine-grained clastic rocks of the Middle to Late Devonian Gunsteel formation. The company has outlined an NI 43-101-compliant inferred resource of 23.6 million tonnes grading 7.6 per cent zinc, 1.5 per cent lead and 13.0 grams per tonne silver (at a 5-per-cent-zinc-cut-off grade).

Two similar deposits, Cirque and Cirque South Cirque, located about 20 kilometres northwest of Akie and owned under a joint venture by Teck Resources and Korea Zinc, are also hosted by Gunsteel rocks and have a combined geologic inventory in excess of 50 million tonnes (not NI 43-101 compliant) grading approximately 10 per cent combined zinc plus lead.

In addition to the Akie property, Canada Zinc Metals controls a large contiguous group of claims, which comprise the Kechika regional project. These claims are underlain by geology identical to that on the Akie property (Cardiac Creek deposit) and Cirque. This project includes the 100-per-cent-owned Mount Alcock property, which has yielded a historical drill intercept of 8.8 metres grading 9.3 per cent zinc plus lead, numerous zinc-lead-barite occurrences and several regional base metal anomalies.

Ken MacDonald, PGeo, vice-president of exploration, is the designated qualified person as defined by National Instrument 43-101 and is responsible for the technical information contained in this release.