Vancouver, British Columbia, Canada – Thursday, November 12, 2015 – Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) is pleased to announce new assays results have been received for drill holes A-15-126 and A-15-127 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% of eleven, 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, British Columbia, Canada.

2015 Drill Assay Results

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 six drill holes totaling 3,809 metres with results pending from two additional holes. Results from four drill holes were previously released on September 2, 2015 and October 22, 2015 and are summarized in the table below.

A-15-126

This hole tested the down-dip extents of the deposit in an area previously untested. The hole intersected the proximal facies consisting of thickly bedded pyrite mineralisation from 651.22 to 674.12 metres and the Cardiac Creek Zone, comprised of sphalerite- and galena-enriched sulphide beds, from 695.40 to 716.51 metres. Sulphide beds comprise approximately 40% of the interval. Mineralisation is dominantly fine grained, laminated to bedded pyrite with variable amounts of banded, sphalerite mineralisation. A Footwall Zone of sphalerite- and pyrite-enriched sulphide beds underlies the Cardiac Creek Zone from 728.47 to 741.65 metres. The hole was completed to a depth of 814.43 metres in the Road River Group rocks.

Drill hole A-15-126 contains an extensive envelope of mineralisation present from 651.22 to 747.00 metres grading 2.74% combined Zn+Pb and 5.02 g/t Ag over a true width of 52.46 metres. This envelope contains a Hangingwall Zone from 651.22 to 674.12 metres which returned 3.54% combined Zn+Pb and 7.01 g/t Ag over a true width of 12.10 metres; the Cardiac Creek Zone from 695.40 to 716.51 metres which returned 5.45% combined Zn+Pb and 9.79 g/t Ag over a true width of 11.72 metres; and the Footwall Zone from 728.47 to 741.65 metres that returned 3.77% combined Zn+Pb and 6.54 g/t Ag over a true width of 7.40 metres.

A-15-127

Drill hole A-15-127 targeted an area located approximately 75 metres down dip of A-05-30 and A-07-50 and up-dip of A-15-126. The target was designed to test the down-dip extent of the high-grade mineralization present in the core of the deposit.

Thickly-bedded pyrite mineralisation of the proximal facies was intersected from 582.01 to 617.36 metres. This interval transitioned into the Cardiac Creek Zone at 617.36 to 648.68 metres followed by a Footwall Zone from 660.78 to 670.43 metres. Sulphide beds enriched in sphalerite, galena and pyrite represents 50% and 55% of the intervals in these two zones, respectively. The hole intersected the Road River Group rocks at 670.43 metres and ended at a depth of 716.28 metres.

A broad envelope of mineralization was intersected from 617.36 to 674.40 metres grading 5.82% combined Zn+Pb and 9.93 g/t Ag over a true width of 35.66 metres. The Cardiac Creek Zone returned 6.20% combined Zn+Pb and 10.54 g/t Ag over a true width of 19.49 metres. Inclusive higher grade intervals within the Cardiac Creek Zone include 7.49% combined Zn+Pb and 12.12 g/t Ag over a true width of 15.36 metres, and 13.17% combined Zn+Pb and 21.32 g/t Ag over a true width of 6.07 metres in the Footwall Zone.

The results from A-15-126 and A-15-127 are tabulated below.

(*) The true width is calculated from orientation of the mineralised horizon which is estimated to have an azimuth of 130 degrees and a dip of -70 degrees. (†) Previously reported 2015 results. (HW) = Hangingwall Zone, (CCZ) = Cardiac Creek Zone, (FW) = Footwall Zone, (MS) = Massive Sulphide.

Previously released drill holes are tabulated below.

(*) The true width is calculated from orientation of the mineralised horizon which is estimated to have an azimuth of 130 degrees and a dip of -70 degrees. (†) Previously reported 2015 results. (FW) = Footwall Zone, (MS) = Massive Sulphide.

Peeyush Varshney, President and CEO of the Company, commented, "We continue to be very pleased with the results from this year’s program. Drill hole A-15-126 intersected significant and extensive mineralisation at depth, an indication of the deposit’s continued potential for growth. Drill hole A-15-127 demonstrates the robust nature of the deposit’s high grade core. We look forward to the final set of results for 2015 and to begin planning for future exploration on the deposit.”

QA/QC

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, mineralisation, and RQD. Sections of sulphide mineralisation 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 and bagged and forwarded to Acme Labs (a Bureau Veritas Group Company) of Vancouver, BC, 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. Over limit 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, BC with their 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 mineralisation 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 NI 43-101 compliant mineral resource at Cardiac Creek, including an indicated resource of 12.7 million tonnes grading 8.4% zinc, 1.7% lead and 13.7 g/t silver (at a 5% zinc cut-off grade) and an inferred resource of 16.3 million tonnes grading 7.4% zinc, 1.3% lead and 11.6 g/t silver (at a 5% zinc cut-off grade). 

Ken MacDonald P.Geo., 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.

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