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Canada Zinc Metals Announces Participation at PDAC 2017

Marketing Announcement

FOR IMMEDIATE RELEASE

Contact: Investor Relations Tuesday, February 28, 2017

Phone (604) 684-2181 (No.2017-02-04)

[email protected]

Canada Zinc Metals Announces Participation at PDAC 2017

Vancouver, British Columbia, Canada –Tuesday, 28 Fe bruary, 2017 – Canada Zinc Metals Corp.

(“Canada Zinc Metals” or “the Company”, TSX Venture Exchange: CZX) is pleased to announce the

Company has been selected to provide a Corporate Pr esentation at the Forum for Investors at the

upcoming PDAC 2017 Mining and Investment Conference, to be held at th e Metro Toronto Convention

Centre (MTCC), from March 5-8, 2016 . The Company will also have a Corporate Booth at the convention.

PDAC 2017

The four-day convention is held annually in Toronto , Canada. It is anticipated that the event will hos t over

1,000 exhibitors with more than 22,000 attendees re presenting at least 100 countries. Since inception in

1932 the PDAC has grown to become one of the world’ s leading mineral and mining investment

conventions.

Corporation Presentation:

Mr. Peeyush Varshney, CEO and Chairman of the Board , will provide a Corporate Presentation on

Tuesday, March 7th at 10:20am in Room 801A in the South Building of the MTCC.

The talk will highlight the corporate developments over the past 12 months, focusing on the flagship A kie

project. Shareholders and investors are encouraged to take in the Corporate Presentation and then visi t

with management at the Corporate Booth to review th e latest exploration data and plans for the 2017 dr ill

program on the Cardiac Creek deposit.

Mr. Peeyush Varshney, CEO, commented, "We’re very p leased to again be selected to present at the

Investors Exchange and look forward to close intera ction with our shareholders, key stakeholders and

interested investors at the Corporate Booth. With t he strong positive movement in the zinc price and o ur

tremendous development assets, PDAC 2017 is an impo rtant venue to attract new potential investors and

corporate partners.”

Corporate Booth:

The Company will be exhibiting at Booth #2317 on the Investors Exchange floor at the MTCC from

10:00am to 5:00pm on Sunday to Tuesday and 9:00am t o 12:00pm on Wednesday. There is an open

invitation to all shareholders and investors to visit with management and staff over the 4-day period and to

take the opportunity to review drill core, data from recent drilling and learn of exploration plans for the 2017

season.

The Investors Exchange floor plan can be found here: http://www.pdac.ca/convention/exhibit-presentation-

opportunities/investors-exchange

The Trade Show & Trade Show North floor plans can be found here: http://www.pdac.ca/convention/exhibit-

presentation-opportunities/trade-show

2017 Exploration Plans:

The Company has outlined an extensive and aggressiv e diamond drill program of up to 7,500 metres that

will focus primarily on the Cardiac Creek deposit w ith the aim to expand the size of the deposit, impr ove

the confidence of the current resource categories a nd test other key property targets for the presence of

new occurrences of Zn-Pb-Ag mineralisation. See new s release from Feb 15, 2017 found here:

http://canadazincmetals.com/news/2017/

The Kechika Regional Project

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 and remain s

the primary corporate focus. The Kechika Regional P roject includes the Pie, Yuen, Cirque East and Mt.

Alcock properties extending northwest from the Akie property for approximately 140 kilometres along th e

strike of the highly prospective Gunsteel Formation shale; the main host rock for known SEDEX zinc-lead-

silver deposits in the Kechika Trough of northeaste rn British Columbia. These projects are located

approximately 260 kilometres north northwest of the town of Mackenzie, British Columbia, Canada. The

generative portfolio of Kechika Regional properties offer shareholders and interested exploration

companies high potential opportunities for new discoveries in the Kechika Trough.

Pie Option Agreement

The Pie, Yuen and Cirque East properties are the subject of an option agreement concluded on September

9, 2013 with Teck and its JV partner, Korea Zinc Co ., Ltd. ("Korea Zinc" KRX:KorZinc 010130). Under th e

terms of the option agreement, Teck and Korea Zinc can acquire up to a 70% interest in the Pie, Yuen and

Cirque East properties for $8.5 million of cumulative exploration expenditures.

Teck has incurred $3.0 million of exploration expenditures to the end of 2016 on the Pie Option Proper ties

using an integrated approach to exploration to decr ease risk and maximize the potential for discovery. In

accordance with the Option Agreement Teck and Korea Zinc must spend an additional $0.5 million by the

end of 2017 to exercise the “First Option” and earn an undivided 51% interest in the Pie Option Properties.

Upon exercising the First Option, Teck and Korea Zi nc would have an additional option (the "Second

Option") to acquire a further 19% interest in the p roperties for a total interest of 70%, by incurring an

additional $5.0 million in exploration expenditures on or before December 31, 2019.

Akie Property

The Company’s flagship 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 ba ritic-

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 mine ral resource at Cardiac Creek, including an

indicated resource of 19.6 million tonnes grading 8 .2% zinc, 1.6% lead and 13.6 g/t silver (at a 5%

zinc cut-off grade) and an inferred resource of 8.1 million tonnes grading 6.8% zinc, 1.1% lead and

11.2 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