Mr. Peeyush Varshney reports

CANADA ZINC METALS CONTINUES TO INTERSECT HIGH GRADE MINERALISATION WITH 17.20% ZN+PB OVER 11.09 METRES

Canada Zinc Metals Corp. has released new assays results for drill holes A-15-124 and A-15-125, which focused on expanding the current indicated resource as well as the known extents of the high-grade zinc-lead-silver system in the central core of the Cardiac Creek deposit on the Akie property.

The company owns 100 per cent of 11, large, contiguous property blocks that comprise the Akie and Kechika Regional projects. The company's flagship Akie project is host to the Cardiac Creek deposit. The Kechika Regional project includes the Pie, Yuen, Cirque East and Mt. Alcock properties, extending northwest from the Akie property for approximately 140 kilometres along the strike of the highly prospective Gunsteel formation shale, the main host rock for known SEDEX zinc-lead-silver deposits in the Kechika Trough of northeastern British Columbia. These projects are located approximately 260 kilometres north-northwest of the town of Mackenzie, B.C., Canada.

Drill assay results for 2015

The 2015 Akie drill program was concluded in late September with a total of 5,350 metres drilled in eight drill holes. Results have now been received from four drill holes totalling 2,278 metres, with results pending from four additional holes. Results from drill hole A-15-121 and drill hole A-15-122 were previously released on Sept. 2, 2015, and are included in the table. Drill hole A-15-123 was abandoned downhole at a depth of 270.66 metres due to excessive deviation and restarted as drill hole A-15-124.

A-15-124

Drill hole A-15-124 targeted the high-grade core of the Cardiac Creek deposit with the intended pierce point located approximately 75 metres downdip of the high-grade hole A-05-32. Previously reported results from A-05-32 include: 26.7 metres (core length) of 14.69 per cent zinc-lead.

The hole intersected a 30-metre interval of proximal facies pyrite mineralization overlying the Cardiac Creek zone. The Cardiac Creek zone consisted of three main sections extending over a downhole length of 55.28 metres separated by intervals of weakly mineralized shale. The first section occurred immediately below proximal facies mineralization and consisted of approximately 40 per cent visible sulphide bedding with sphalerite bands over a downhole interval of 19.87 metres. The second section is characterized by approximately 60 per cent visible sulphide bedding with mottled sphalerite bands with galena over a downhole interval of 8.73 metres. The last section is a well-developed zone of Cardiac Creek-style mineralization with approximately 65 to 70 per cent visible sulphide bedding throughout, over a downhole interval of 15.81 metres. The hole was finished in calcareous siltstone at a total depth of 708.66 metres.

A-15-124 contains an extensive interval of mineralization that is present from 577.63 to 662.30 metres that grades 5.47 per cent combined Zn-Pb and 9.20 grams per tonne silver over a true width of 58.53 metres. The Cardiac Creek zone, included within that interval from 601.13 to 656.41 metres, returned 7.72 per cent combined Zn-Pb and 12.30 g/t Ag over a true width of 38.43 metres. Higher-grade intervals include 11.58 per cent Zn-Pb and 18.22 g/t Ag over a true width of 21.41 metres, and 17.20 per cent Zn-Pb and 26.43 g/t Ag over a true width of 11.09 metres. The results from A-15-124 are shown in the table.

A-15-125

Drill hole A-15-125 targeted the updip extents of the high-grade core of the Cardiac Creek deposit with the intended pierce point located between holes A-07-49 and A-07-50, and along strike of A-07-53, with an approximate separation of 75 metres. Previously reported results from these surrounding holes included: 20.19 metres (core length) of 13.65 per cent Zn-Pb in A-07-49, 20.98 metres (core length) of 20.08 per cent Zn-Pb in A-07-50 and 16.23 metres (core length) of 15.15 per cent Zn-Pb in A-07-53.

The hole intersected a thin 6.67-metre interval of proximal facies pyrite mineralization before shifting into the Cardiac Creek zone at 416.05 metres. The zone, extending to a depth of 439.91 metres, is characterized by laminar pyrite with steadily increasing amounts of mottled sphalerite banding with galena occurring downhole. Based on visual estimates, higher-grade Cardiac Creek mineralization occurred from 429.98 to 439.91 metres. In this interval, the mineralization is dominantly mottled sphalerite-quartz-carbonate-galena, with minor laminated pyrite. Disseminated galena is fine grained and in close association with the mottling textures. Visible mineralization makes up approximately 45 per cent of the interval. The hole was terminated at a depth of 461.64 metres in Road River group siltstone.

The Cardiac Creek zone was intersected from 414.85 to 441.62 metres and returned 8.53 per cent combined Zn-Pb and 12.28 g/t Ag over a true width of 23.37 metres. Inclusive higher-grade intervals include 11.45 per cent Zn-Pb and 15.75 g/t Ag over a true width of 15.76 metres, and 15.45 per cent Zn-Pb and 21.76 g/t Ag over a true width of 8.68 metres.

The results from A-15-124 and A-15-125 are shown in the table.

 
                            AKIE DRILL RESULTS

Drill hole     From      To   True width        Zn     Pb      Ag    Zn-Pb
                 (m)     (m)          (m)       (%)    (%)   (g/t)      (%)

A-15-124     577.63  662.30        58.53      4.57   0.90    9.20     5.47
including    601.13  656.41        38.43      6.41   1.32   12.30     7.72
including    607.00  656.41        34.41      7.00   1.46   13.33     8.46
including    617.00  656.41        27.51      8.19   1.77   15.69     9.96
including    625.80  656.41        21.41      9.47   2.11   18.22    11.58
including    632.07  656.41        17.04     10.74   2.46   20.18    13.20
including    640.60  656.41        11.09     13.99   3.21   26.43    17.20
A-15-125     414.85  441.62        23.37      7.25   1.28   12.28     8.53
including    416.05  439.91        20.83      7.97   1.41   12.99     9.38
including    421.87  439.91        15.76      9.71   1.74   15.75    11.45
including    425.50  439.91        12.59     10.78   2.02   17.71    12.80
including    429.98  439.91         8.68     12.98   2.47   21.76    15.45
*A-15-121    419.16  531.00        64.29      6.06   1.28   14.24     7.34
including    419.16  483.32        36.89      8.03   1.82   16.38     9.85
including    433.80  483.32        28.51     10.22   2.34   20.45    12.56
including    445.90  482.07        20.84     12.76   2.93   25.01    15.69
including    459.55  482.07        12.98     13.83   3.23   28.98    17.06
FW           493.08  508.48         8.86      8.88   1.36   21.51    10.24
MS           523.06  535.52         7.14      1.98   0.17   11.09     2.15
*A-15-122    474.45  519.30        39.16      5.75   1.12   11.16     6.87
including    489.00  515.70        23.36      8.63   1.68   14.64    10.31
including    498.00  512.10        12.35     11.40   2.22   17.92    13.62
 
The true width is calculated from orientation of the mineralized horizon,
which is estimated to have an azimuth of 130 degrees and a dip of minus-70 
degrees. 
(*) Previously reported 2015 results.

Peeyush Varshney, president and chief executive officer of the company, commented: "We are very pleased with the consistency of high-grade mineralization present within the core of the Cardiac Creek deposit. We feel that the recent results successfully extend the known downdip extents of the mineralized horizon and that significant potential exists to expand the high-grade core both updip and downdip in subsequent drilling programs.

"The drilling so far this season has exceeded expectations and the company looks forward to reporting further drill results in the coming months."

Quality assurance/quality control

Canada Zinc Metals has implemented a rigorous quality assurance/quality control program at the Akie property using best industry practices. All drill core is logged for geology, structure, veining, alteration, mineralization and RQD. Sections of sulphide mineralization are marked for sampling by a geologist and a series of standards, duplicates and blanks are inserted into the sample stream for QA/QC purposes. Prior to the cutting of samples, all core boxes are photographed for due diligence and record-keeping purposes. The samples are split by a diamond saw, tagged, bagged and forwarded to Acme Labs (a Bureau Veritas Group Company) of Vancouver, B.C., for analysis. Documentation recording the chain of custody is kept for each shipment.

Assays for zinc, lead and silver are obtained using Acme Labs AQ270 analytical package with sample digestion using aqua regia solution followed by ICP-ES and ICP-MS analyses. Barium content is determined by Acme Labs LF300 analytical package using LiBO2/LiB4O7 fusion and ACS grade nitric acid followed by ICP-ES analysis. Overlimit values of lead and zinc are rerun using Bureau Veritas AQ371 analytical package using a hot aqua regia solution followed by ICP-ES analyses. Check assays on drill pulps are routinely conducted by ALS Minerals of North Vancouver, B.C., with its OG46 analytical package using aqua regia digestion and ICP-ES analysis. All remaining drill core is securely stored at the Akie exploration camp.

The Akie Zn-Pb-Ag project

The Akie property is situated within the Kechika Trough, the southernmost area 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 Canada Zinc Metals since 2005 has identified a significant body of baritic-zinc-lead-silver SEDEX mineralization known as the Cardiac Creek deposit. The deposit is hosted by siliceous, carbonaceous, fine-grained clastic rocks of the Middle to Late Devonian Gunsteel formation.

The company has outlined a National Instrument 43-101-compliant mineral resource at Cardiac Creek, including an indicated resource of 12.7 million tonnes grading 8.4 per cent zinc, 1.7 per cent lead and 13.7 g/t silver (at a 5-per-cent-zinc cut-off grade) and an inferred resource of 16.3 million tonnes grading 7.4 per cent zinc, 1.3 per cent lead and 11.6 g/t silver (at a 5-per-cent-zinc cut-off grade).

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.