Update on Research Program to Investigate Central Milling Facility in Central Newfoundland

2 May 2016

May 2, 2016 - Canadian Zinc Corporation (TSX: CZN; OTCQB: CZICF) (“the Company” or “Canadian Zinc”) is pleased to provide an update on its collaboration project with Buchans Minerals Corporation (“BMC”), a wholly owned subsidiary of Minco Plc (AIM: MIO) in which the companies have agreed to jointly undertake a research program aimed at investigating the technical viability of developing their respective central Newfoundland Zn-Pb-Cu-Ag-Au deposits through a central milling facility. This work is partially funded by the Research & Development Corporation of Newfoundland and Labrador.