3 March 2016
Vancouver, British Columbia, March 3, 2016 - Canadian Zinc Corporation (TSX: CZN; OTCQB: CZICF) is very pleased to announce that it has signed agreements with Korea Zinc and Boliden for the sale of zinc and lead concentrates to be produced at Canadian Zinc’s 100% owned Prairie Creek Mine.
Canadian Zinc (“the Company”) has entered into a Memorandum of Understanding with Korea Zinc for the sale of approximately 20,000 to 30,000 wet metric tonnes of zinc sulphide concentrates, approximately 15,000 to 20,000 wet metric tonnes of lead sulphide concentrates and approximately 5,000 tonnes of lead oxide concentrates, per year, for a minimum period of five years from the date of startup of the Prairie Creek Mine, with exact annual quantities to be mutually agreed.