NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES


Canadian Zinc Corporation (TSX:CZN)(OTCQB:CZICF) (the "Company" or "Canadian
Zinc") is pleased to announce that it has closed its previously announced bought
deal private placement of flow-through shares with Canaccord Genuity Corp.
("Canaccord"). 


The Company issued 6,460,000 common shares, which qualify as "flow-through"
shares (the "FT Shares") of the Company for purposes of the Income Tax Act
(Canada) (the "Tax Act") at a price of C$0.62 per FT Share, raising aggregate
gross proceeds of C$4,005,200 (the "Offering").


The net proceeds of the Offering will be used to incur eligible Canadian
Exploration Expenses, as defined under the Tax Act, that will be renounced in
favour of the purchasers with an effective date of no later than December 31,
2013. 


The funds are intended to be used to explore and advance the Company's projects,
which include the Prairie Creek property in the Northwest Territories as well as
the South Tally Pond property in Newfoundland. 


As compensation, Canaccord received a cash commission of 5% of the gross
proceeds raised, and the Company issued to Canaccord 387,600 non-transferrable
common share purchase warrants, each of which entitles Canaccord to acquire one
non flow-through common share of the Company at a price of $0.63 until February
20, 2015. All securities issued or issuable under the Offering are subject to a
four month hold period expiring on December 21, 2013.


Following completion of the private placement, Canadian Zinc has 170,491,781
common shares issued and outstanding.


The FT Shares will not be registered under the U.S. Securities Act of 1933 (the
"1933 Act"), as amended, or any applicable state securities laws, and may not be
offered or sold to, or for the account or benefit of, persons in the United
States or "U.S. persons," as such term is defined in Regulation S regulated
under the 1933 Act, absent registration or an applicable exemption from the
registration requirements. This press release does not constitute an offer of
securities for sale in the United States or to U.S. persons. 


About Canadian Zinc

Canadian Zinc is a TSX-listed exploration and development company. The Company's
key project is the 100%-owned Prairie Creek property, an advanced-staged
zinc-lead-silver property, located in the Northwest Territories in Canada. 


Canadian Zinc also holds a 100% interest in the South Tally Pond VMS project,
along with other property interests in central Newfoundland, where a successful
drilling program was carried out in the winter of 2013.


Risk and Uncertainties

The Company's business and results of operations are subject to numerous risks
and uncertainties, many of which are beyond its ability to control or predict.
Because of these risks and uncertainties, actual results may differ materially
from those expressed or implied by forward looking statements, and investors are
cautioned not to place undue reliance on such statements, which speak only as of
the date hereof. Investors are advised to review the discussion of risk factors
associated with the Company's business set out in the Company's Annual
Information Form for the year ended December 31, 2012, which was filed with the
Canadian Securities Regulators on SEDAR (www.sedar.com) on March 19, 2013. The
risks and uncertainties, as summarized in the Company's MD&A and in other
Canadian and U.S. filings, are not the only risks facing the Company. Additional
risks and uncertainties not currently known to the Company, or that are
currently deemed to be immaterial, also may materially adversely affect the
Company's business, financial condition and/or operating results.


Cautionary Statement - Forward-Looking Information

This press release contains certain forward-looking information, including,
among other things, the expected completion of acquisitions and the advancement
of mineral properties. This forward-looking information includes, or may be
based upon, estimates, forecasts, and statements as to management's expectations
with respect to, among other things, the completion of transactions, the issue
of permits, the size and quality of mineral resources, future trends for the
Company, progress in development of mineral properties, future production and
sales volumes, capital costs, mine production costs, demand and market outlook
for metals, future metal prices and treatment and refining charges, the outcome
of legal proceedings, the timing of exploration, development and mining
activities, acquisition of shares in other companies and the financial results
of the Company. There can be no assurances that such statements will prove to be
accurate and actual results and future events could differ materially from those
anticipated in such statements. The Company does not currently hold a permit for
the operation of the Prairie Creek Mine. Mineral resources that are not mineral
reserves do not have demonstrated economic viability. Inferred mineral resources
are considered too speculative geologically to have economic considerations
applied to them that would enable them to be categorized as mineral reserves.
There is no certainty that mineral resources will be converted into mineral
reserves.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canadian Zinc Corporation
John F. Kearney
Chairman
(416) 362-6686


Canadian Zinc Corporation
Alan B. Taylor
VP Exploration & Chief Operating Officer
(604) 688-2001


Canadian Zinc Corporation
Steve Dawson
VP Corporate Development
(416) 203-1418
invest@canadianzinc.com
www.canadianzinc.com