Mining Explorers 2009: Canada Zinc Metals Corp.

CZX: TSX-V

Chairman and CEO: Peeyush Varshney

President: Jim Mustard

Vice President, Exploration: John R. Fraser

Canada Zinc Metals (formerly Mantle Resources), was organized in 1988 in British Columbia.

This junior is focused on unlocking the potential of a future long-life mining district in the Kechika Trough, a prolific mineral belt that hosts more than 80 million metric tons of base metal resources.

Canada Zinc Metals owns 78,526 hectares, or 189,248 acres, in 233 claims, which extend northwestward from the Akie property for a distance of 125 kilometers, or about 78 miles.

The company has two key projects: Akie (hosting the Cardiac Creek deposit) and Kechika Regional (which has significant blue sky potential).

A 2008 initial inferred mineral resource estimate for the Cardiac Creek deposit totaled 23.6 million metric tons grading 7.60 percent zinc, 1.50 percent lead and 13.0 grams per metric ton silver.

This benchmarked the existence of a large, high-grade, mineral deposit which remains open in all directions.

Subsequent exploration activity in 2008 expanded the mineralized zone at Cardiac Creek and has discovered new styles of mineralization not previously seen in the district that indicate possible new sources of even higher grades.

In July 2009 Tongling Nonferrous Metals Group Holdings Co. Ltd., a Chinese investor and one of China's largest copper smelting companies, purchased a 13 percent equity position in Canada Zinc Metals.

In August, the junior reported encouraging results from its 2009 exploration programs on both B.C. properties.

"We are very excited by what our exploration team has uncovered thus far during this year's exploration program," said Canada Zinc Metals President Jim Mustard.

"We have always believed that additional discoveries on trend from the Cardiac Creek deposit would be made and these very encouraging results further confirm this potential." Canada Zinc also owns 8.2 percent interest in 24 mineral claims and three mineral leases, known collectively as the Afridi Lake Property, southeast of Lac de Gras, about 335 kilometers, or 208 miles, northeast of Yellowknife, Northwest Territories.

The target mineral being sought on the property is diamonds contained in kimberlite.

To date, five kimberlite intrusions, with variable, but low diamond content, have been identified on the mineral leases.

Cash and short-term deposits:

C$1,972,063 (at Dec. 31, 2008)

Working capital: C$7,978,429 (at March 31, 2009)

Market capitalization: C$32.73 million

1304 - 925 W. Georgia St.

Vancouver, BC

Canada V6C 3L2

Tel: 604-684-2181

Fax: 604-682-4768