Canadian Zinc announces feasibility study results for Prairie Creek Mine

28 September 2017

Canadian Zinc Corporation is pleased to report positive preliminary results for the feasibility study recently completed on its Prairie Creek Zinc-Lead-Silver Project in the Northwest Territories, Canada. Preliminary results indicate notable improvements compared to the 2016 study and confirm that the Prairie Creek Mine can support a significant increase in the mining rate and mill throughput that will enable production of higher quantities of zinc, lead and silver, and at lower operating cost as compared to the mine plan presented in the 2016 PFS. Highlights include:

•Higher mining rate, 25% increase in mill throughput, higher metal production
•Lower operating costs, lower treatment charges, moderate increase in capital cost
•Integrated LNG supplied by Northwest Territories Power Corporation with all season road
•$3 billion in net revenue and $1.3 billion in EBITDA over initial 15 year mine life
•Pre-tax NPV(8%) $344 million, IRR 24%, post-tax NPV $188 Million, IRR 18%