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ZNX.V ·

Canada Zinc Metals Corp. to change name to ZincX Resources Corp.

Corporate Actions

FOR IMMEDIATE RELEASE

Contact: Investor Relations Thursday, May 3, 2018

Phone (604) 684-2181 (No.2018-05-05)

[email protected]

Canada Zinc Metals Corp. to change name to ZincX Resources Corp.

Vancouver, British Columbia, Canada – Canada Zinc M etals Corp. (the “Company”, TSX Venture

Exchange: CZX) is pleased to announce that the Company will change its name from “Canada Zinc Metals

Corp.” to “ZincX Resources Corp.” and will commence trading on the TSX Venture Exchange under the

new name and the new stock symbol “ZNX” beginning M onday, May 7, 2018. Effective Monday, the

Company’s website domain will be www.zincxresources.com , and the Company’s CUSIP and ISIN

numbers will be 98959V106 and CA98959V1067, respectively.

The Akie Zn-Pb-Ag Project

The 100% owned Akie property is situated within the Kechika Trough, the southernmost area of the

regionally extensive Paleozoic Selwyn Basin and one of the most prolific sedimentary basins in the wor ld

for the occurrence of SEDEX zinc-lead-silver and stratiform barite deposits.

Drilling on the Akie property by the Company since 2005 has identified a significant body of baritic-z inc-

lead SEDEX mineralization known as the Cardiac Cree k deposit. The deposit is hosted by siliceous,

carbonaceous, fine grained clastic rocks of the Middle to Late Devonian Gunsteel Formation.

With additional drilling completed in 2017, the Com pany has updated the estimate of mineral

resources at Cardiac Creek, as follows:

5% Zinc Cut-Off Grade Contained Metal:

Category Tonnes

(million) Zn (%) Pb (%) Ag (g/t) Zn (B lbs) Pb (B lbs) Ag (M oz)

Indicated 22.7 8.32 1.61 14.1 4.162 0.804 10.3

Inferred 7.5 7.04 1.24 12.0 1.169 0.205 2.9

In addition to the Akie Project, the Company owns 100% of eight of eleven large, contiguous property blocks

that comprise the Kechika Regional Project includin g the advanced Mt. Alcock prospect. The Kechika

Regional Project also includes the Pie, Yuen and Ci rque East properties within which the Company

maintains a significant 49% interest with partners Teck Resources Limited (TSX: TECK.B) and Korea Zinc

Co. Ltd. These properties collectively extend north west from the Akie property for approximately 140

kilometres covering 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.

Ken MacDonald P.Geo., Vice President of Exploration for the Company, is the designated Qualified Person

as defined by National Instrument 43-101 and is res ponsible 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

ZINCX RESOURCES CORP.

“PEEYUSH VARSHNEY”

PEEYUSH VARSHNEY, LL.B

CEO & CHAIRMAN

Neither the 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.

This news release may contain forward-looking state ments. These statements are based on current

expectations and assumptions that are subject to risks and uncertainties. We do not assume any obligation

to update any forward-looking statements, except as required by applicable laws.