Mr. Peeyush Varshney reports

CANADA ZINC METALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Canada Zinc Metals Corp. has arranged a non-brokered private placement of up to 3,181,818 flow-through common shares of the company at a price of 55 cents per flow-through share, for total proceeds of $1.75-million. The company also arranged a non-brokered private placement of up to 700,000 units at a price of 50 cents per unit, for total proceeds of $350,000. Each unit will consist of one 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 75 cents for a period of 12 months from closing.

A finder's fee will be payable in cash for the flow-through offering and the unit offering. A majority of the subscribers to the private placements will be secured by Secutor Capital Management Corp.

The private placements are 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 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 (g/t) silver (at a 5-per-cent zinc cut-off grade).

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 Mt. Alcock property, which has yielded a historic 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.