Canadian Zinc Announces Public Equity Offering

15 June 2016

Vancouver, British Columbia, June 15, 2016 – Canadian Zinc Corporation (TSX: CZN; OTCQB:CZICF) (the “Company” or “Canadian Zinc”) is pleased to announce that it has filed a preliminary short form prospectus in connection with an overnight marketed public offering (the “Offering”) of common shares (the “Common Shares”) and flow-through common shares (the “Flow-Through Shares”) of the Company (collectively, the “Offered Securities”). The Offering will be conducted through a syndicate of underwriters led by Paradigm Capital Inc. and Canaccord Genuity Corp. and including Dundee Securities Ltd. (collectively, the “Underwriters”). The pricing and number of Offered Securities will be determined in the course of marketing.