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File: 20140915 FT PP @ $0.55 and Unit @ $0.50.doc

 
FOR IMMEDIATE RELEASE

Contact: Investor Relations Friday, September 26, 2014
 Phone (604) 684-2181 (No.2014-09-15)
 info@canadazincmetals.com

Canada Zinc Metals Announces Non-Brokered Private Placement

Vancouver, British Columbia, Canada - Friday, September 26, 2014 - Canada Zinc Metals Corp. (TSX Venture Exchange: CZX
--->) )(the "Company") is pleased to announce a non-brokered private placement of up to 3,181,818 flow-through common shar
--->es of the Company at a price of $0.55 per Flow-Through Share, for total proceeds of $1,750,000 (the "Flow Through Offe
--->ring").  The Company also announces a non-brokered private placement of up to 700,000 Units at a price of $0.50 per Un
--->it, 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 $0.75 
--->for a period of 12 months from closing (the "Unit Offering").

A finder's fee will be payable in cash for the Flow Through Offering and the Unit Offering.  A majority of the subscri
--->bers 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 Re
--->gional project - the balance of the Company's portfolio of mineral holdings located within the highly prospective Kech
--->ika Trough SEDEX zinc-lead basin of northeastern British Columbia.

About the Akie Property

The Akie zinc-lead property is situated within the southern-most part (Kechika Trough) of the regionally extensive Pal
--->eozoic Selwyn Basin, one of the most prolific sedimentary basins in the world for the occurrence of SEDEX zinc-lead-si
--->lver and stratiform barite deposits. 

Drilling on the Akie property by Inmet Mining Corporation during the period 1994 to 1996 and by Canada Zinc Metals sin
--->ce 2005 has identified a significant body of baritic-zinc-lead SEDEX mineralization (Cardiac Creek deposit).  The depo
--->sit is hosted by variably siliceous, fine grained clastic rocks of the Middle to Late Devonian 'Gunsteel' formation.  
--->The Company has outlined a NI 43-101 compliant inferred resource of 23.6 million tonnes grading 7.6% zinc, 1.5% lead a
--->nd 13.0 g/t silver (at a 5% zinc cut off grade).  

In addition to the Akie property, Canada Zinc Metals Corp. 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 Cr
--->eek deposit) and Cirque. This project includes the  100% owned Mt. Alcock property, which has yielded a historic drill
---> intercept of 8.8 metres grading 9.3% zinc+lead, numerous zinc-lead-barite occurrences,  and several regional base met
--->al anomalies.

Ken MacDonald P.Geo., Vice President of Exploration, is the designated Qualified Person as defined by National Instrum
--->ent 43-101 and is responsible for the technical information contained in this release.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

ON BEHALF OF THE BOARD OF DIRECTORS

CANADA ZINC METALS CORP.

"PEEYUSH VARSHNEY"
 
PEEYUSH VARSHNEY, LL.B
CEO & CHAIRMAN