January 18, 2012

Vancouver, British Columbia, Canada - Wednesday, January 18, 2012 - Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) is pleased to provide an update on the Akie project. The Akie property is the Company's flagship exploration project and is host to the Cardiac Creek SEDEX Zn-Pb-Ag deposit, located approximately 260 kilometers north-northwest of the town of Mackenzie, in northeastern British Columbia, Canada. 

2011 Regional Exploration

During 2011, Canada Zinc Metals completed another successful exploration program on the Akie property. A total of 6 diamond drill holes (A-11-92, A-11-93, A-11-95, A-11-96, A-11-98 and A-11-99) were completed on the Cardiac Creek deposit. These holes provided important infill information both up and down-dip of previous holes; and allowed several tests of the strike extent of the high grade trend along the southeastern edge of the deposit. Results from 4 of 6 holes were released in the Company's December 5th and December 28th news releases. The results from the final two holes will be released shortly after all assays have been received and analyzed. Results from 2011 drilling indicate that the mineralization of the deposit remains open to the southeast, to the surface and towards the Cardiac Creek showing, allowing for further expansion of the deposit.

Update of Mineral Resource Estimate Initiated

The company is pleased to announce it has re-engaged SIM Geological Inc. of Delta, BC, to update the Cardiac Creek NI 43-101 compliant block model and recalculate the mineral resource incorporating drill data from 2008, 2010 and 2011. The current inferred mineral resource estimate was released as part of the Technical Report published in 2008, entitled "Technical Report: Geology, Diamond Drilling and Preliminary Resource Estimation, Akie Zinc-Lead-Silver Property, Northeast British Columbia, Canada", dated May 31, 2008 (). The mineral resource estimate was prepared under the direction of Robert Sim, P.Geo, with the assistance of Bruce Davis, FAusIMM.  Mr. Sim is the independent Qualified Person within the meaning of NI 43-101 for the purposes of mineral resource estimate for the Cardiac Creek deposit. The Company anticipates completing this work in late spring and will report, as required by NI 43-101, according to the CIM standards on Mineral Resources and Reserves.

The current inferred mineral resource, as reported in Table 14 of the Technical Report, at a 5% Zn cut-off grade, is 23.6 million tonnes at 7.6% Zn, 1.5% Pb and 13 gpt Ag.

Cardiac Creek Inferred Mineral Resource

Cut-off Grade
(Zn%) 		ktonnes Zn (%) Pb (%) Ag (gpt)
2 50,874 5.28 1.00 9.6
3 37,683 6.25 1.22 11.0
4 30,595 6.89 1.36 12.0
5 23,595 7.60 1.50 13.0
6 17,051 8.41 1.68 14.2
7 11,841 9.26 1.86 15.4

*  "Base case" cut-off grade of 5.0%Zn highlighted in table.
** Resources are not mineral reserves as the economic viability has not been demonstrated.

Separately, Canada Zinc Metals is also pleased to announce that on Thursday, January 26th, 2012,  it has been invited to participate as an Exhibitor at the Map Tent at the 2012 Mineral Exploration Roundup conference being held at the Westin Bayshore Hotel in Vancouver, BC. The Association for Mineral Exploration BC (AME BC) annually hosts this important 4-day exploration conference which is now in its 29th year. Shareholders and investors are encouraged to visit with management and staff to review the latest data and plans. The Map Tent will be located in the foyer outside of the Stanley Park Ballroom on level 2 of the Westin Bayshore and Canada Zinc Metals will be present from 10 am until 5 pm.

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

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