Received by email:

File: 20120712 Normal Course Issuer Bid renewal.doc

 
FOR IMMEDIATE RELEASE

Contact:	Investor Relations	Thursday, August 2, 2012
	Phone (604) 684-2181	(No.2012-08-12)
	info@canadazincmetals.com
Canada Zinc Metals Corp. Announces renewal of Normal Course Issuer Bid


Vancouver, British Columbia - Thursday, August 2, 2012 - Canada Zinc Metals Corp. (TSX Venture - CZX) ("Canada Zinc" o
--->r the "Company") announces that it has filed a Form 5G with the TSX Venture Exchange ("TSXV") and received approval to
---> purchase at market price up to 6,825,681 common shares, being approximately 5% of the Company's issued and outstandin
--->g common shares, by way of a normal course issuer bid (the "Bid") through the facilities of the TSXV.  As of the date 
--->hereof there are 136,513,638 Common Shares of the Company issued and outstanding. The Bid will commence on August 1, 2
--->012 and will stay open for 12 months. The Company purchased 2,432,500 Common Shares under its existing Normal Course I
--->ssuer Bid over the past 12 months. 

The Company is engaging in a normal course issuer bid because it believes that the market price of its Common Shares d
--->oes not properly reflect the underlying value of the Company.  The purpose of the bid is to reduce dilution of the Com
--->pany's shares and to enhance the potential future value of the Common Shares which remain outstanding, thus increasing
---> long term shareholder value. Purchases connected with this Bid will conducted through Canaccord Genuity Corp.'s offic
--->es in Vancouver.  The Company will pay the market price of the Common Shares at the time of acquisition and will not p
--->urchase more than 2% of the total issued and outstanding common shares within any 30 day period.  

A copy of the Notice may be obtained by any shareholder of the Company, without charge, by contacting the Company's he
--->ad office. 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

ON BEHALF OF THE BOARD OF DIRECTORS
CANADA ZINC METALS CORP.
 "PEEYUSH VARSHNEY"	
PEEYUSH VARSHNEY, LL.B
CEO & CHAIRMAN