2008

Expansion of Cardiac Creek Deposit 12.13 Metres Grading 10.17% Zinc, 1.75% Lead, 12.45 g/t Silver and 10.35 Metres Grading 12.72% Zinc, 2.04% Lead, 14.45 g/t Silver


October 8, 2008

Vancouver, B.C. – October 8, 2008 –Canada Zinc Metals Corp. (TSX Venture: CZX; Frankfurt: A0F7E1) (the “Company”) is pleased to report the first batch of assay results it has received from its 2008 drill program on the zinc-lead-silver bearing Cardiac Creek (CC) deposit. The CC deposit is on the 100% owned Akie property in northeastern British Columbia, approximately 260 kilometres north-northwest of the town of Mackenzie.

2008 Cardiac Creek Deposit Drill Program

The primary objectives of the 2008 drill program are to determine both the updip and on-strike extent of the CC deposit as well as to better define it in key selective areas. Information gained from this work will assist in planning for future exploration programs that may include advanced underground drilling and sampling activities.

Compiled assay results derived from analytical data received to date from Acme Analytical Laboratories Ltd. of Vancouver, BC, for the first five holes for which the Company has received drill results are presented below.

Four of the reported holes are updip of previously completed holes and confirm that the deposit further extends for approximately 100 to 115 metres upwards from holes A-06-37A (25.50 metres grading 10.08% combined zinc+lead), hole A-07-47 (13.83 metres grading 13.86% combined zinc+lead) and A-07-49 (15.89 metres grading 13.65% combined zinc+lead). The fifth hole, A-08-55, extends the known mineralization approximately 100 metres along strike to the southeast from hole A-06-41. The new information provided by these results indicates that the CC deposit is now at least 1 kilometre in length with a dip extent of approximately 600 metres.

Hole No.

From (m)

To (m)

Interval (m)

TW* (m)

Zinc %

Lead %

Silver (g/t)

Zn+Pb %

A-08-54

285.28

303.62

18.34

13.99

8.14

2.98

18.62

11.12

including

288.05

300.18

12.13

9.25

10.17

1.75

12.45

11.92

A-08-55

495.10

512.85

17.75

10.1

6.67

1.24

9.61

7.91

including

502.62

509.98

7.36

4.19

7.59

1.51

11.12

9.10

A-08-56

245.45

256.47

11.02

9.54

6.65

1.35

7.56

8.00

A-08-57

270.70

297.25

26.55

23.14

7.95

1.34

10.71

9.29

including

279.00

295.55

16.55

14.44

10.42

1.72

12.18

12.14

including

285.20

295.55

10.35

9.04

12.72

2.04

14.45

14.76

A-08-59

294.00

301.72

7.72

7.04

5.95

1.04

7.64

6.99

* estimated true width is subject to later revision

The following table provides collar details for each of the above reported holes:

Hole No.

Azimuth (deg)

Dip (deg)

TD (m)

Grid (S)

Grid (W)

El (m)

A-08-54

050

-76

338.28

3062

35

1460.0

A-08-55

050

-83

564.25

3578

55

1315.0

A-08-56

050

-60

277.62

3062

35

1460.0

A-08-57

060

-58

316.00

3140

75

1439.0

A-08-59

055

-65

329.00

3388

195

1443.0

A total of twelve drill holes have been completed to date on the Cardiac Creek deposit, for a total of 5,161.15 metres (NQ and HQ core).

Exploration Elsewhere on the Akie Property

The Company has completed 2 holes (1,114 metres) on the North Lead Anomaly, located some 2.3 kilometres northwest of the nearest drill hole to intersect significant CC zinc-lead mineralization. These were designed to further investigate the Gunsteel formation hosted massive sphalerite-galena-pyrite-barite mineralization encountered by Inmet Mining Corporation in 1996 (A-96-24: 11.60% zinc, 9.05% lead over 0.80 metres) and an associated 200 metre by 1000 metre lead-zinc anomaly in soil. Assay results and further analysis of these holes are pending. The Company looks forward to providing further details in this regard.

Regional Exploration

During July to September, a regional exploration program was carried out in the area between the Akie Property and the Company's wholly owned Mount Alcock Property, a distance of some 70 kilometres. Work consisted of data compilation, prospecting, geologic mapping, and silt and soil sampling. Several new mineral occurrences have been identified and initial soil sample results indicate the presence of at least one large, previously unknown lead-zinc anomaly. More details will be made available upon receipt of additional geochemical data.

New Access Road

Blackwater Construction Co. Ltd. of Prince George, BC, has informed the Company that it has completed construction of 8.72 kilometres of mainline access road and 3.7 kilometres of access trail on the Akie property. These roads greatly improve access to the CC deposit area for future exploration activities.

"Our 2008 exploration program has already met many of the milestones that we set out to achieve at the beginning of this exploration season and we are very pleased about having expanded the CC deposit footprint with this first batch of assay results," commented Jim Mustard, President of Canada Zinc Metals. "The step out drilling towards the northwest has provided some new insights into the style and nature of the mineralization as we now believe this area represents a separate centre of new mineralization on strike from the CC deposit. Also, the preliminary results of our regional efforts indicate several high potential targets that are hosted by the same geology as seen at Akie. We look forward to providing the balance of the assay results of the 2008 drilling program as we receive them."

Private Placement

The Company is also pleased to announce that, further to its news releases dated September 15, 2008 and October 3, 2008, due to continued strong interest, it will be raising an additional $1,000,000 through the issuance of 1,111,111 flow through shares at a price of $0.90 per share.

The Company shall pay $50,000 in cash as finder's fees on this portion of the private placement

About the Akie Property

The Akie zinc-lead property is situated within the southern-most 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 Corporation 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 recently filed a NI 43-101 report supporting the estimated inferred resource of 23.6 million tonnes grading 7.6% Zn, 1.5% Pb and 13.0 g/t Ag (at a 5% Zn cut off grade). The complete NI 43-101 technical report, titled "Geology, Diamond Drilling and Preliminary Resource Estimation, Akie Zinc-Lead-Silver Property, Northeast British Columbia, Canada" and dated May 30, 2008, can be viewed on SEDAR.

Two similar deposits, Cirque and South Cirque, located some 20 km northwest of Akie and owned under a joint venture by Teck Cominco and Korea Zinc, are also hosted by Gunsteel rocks and have a combined geologic inventory in excess of 50 million tonnes.

The Akie property is road accessible year round from Mackenzie and Prince George, and exploration and other activities are supported by a 50 person, all-weather trailer camp situated a short distance from the Cardiac Creek drill area.

Qualified Person

John R. Fraser, P.Geo. (B.C.), Vice President of Exploration and a Director of Canada Zinc Metals, is the Qualified Person for the Company, as defined by NI 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

©2008 Canada Zinc Metals Corp.
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