Cnadian Zinc June Presentation

ANNUAL GENERAL MEETINGANNUAL GENERAL MEETINGJUNE 16JUNE 16THTH, 2010, 2010,,

10am, 3010am, 30thth Floor , 650 West Georgia Street,Floor , 650 West Georgia Street,Vancouver, British Columbia Vancouver, British Columbia

June 16/2010www.canadianzinc.com

Some of the statements in this presentation are forward-looking statements and as such are based on an assumed set of the geological and economic conditions and planned courses of action. These include

ti t f i l f t d ti l l d destimates of mineral resources, future production levels and grades, expectations regarding mine production costs, expected trends in mineral prices and statements that describe Canadian Zinc Corporation’s future plans, objectives or goals.

There is a significant risk that actual results will vary, perhaps materially, from results projected depending on such factors as changes in general economic conditions and financial markets, changes in prices for silver, zinc and lead metals technological and operational hazards in miningzinc and lead metals, technological and operational hazards in mining and mine development activities, uncertainties inherent in the calculation of mineral reserves, mineral resources and metal recoveries, the timing and availability of financing, regulatory, governmental and other permitting approvals, labour relations and other risk factors listed from time to time in Canadian Zinc Corporation’s Annual Information Form.

Canadian Zinc Corporation does NOT yet hold a permit for the operation of the Prairie Creek Mine.

www.canadianzinc.com

65Approximate Scale

0 50 100 150

Proposed Naats'ihch'ohNational Park Reserves

Mackenzie R

iv

Kilometers

AREAOF

MAP

PRAIRIE CREEK MINE River

Root River

iver Wrigley

N. Nahanni

S. N

ahanniR

iver

MAP

CANTUNGMINE Yellowknife

Fort Simpson

Flat River

Great SlaveLake

Mackenzie RiverWinter R

NahanniNational ParkResevre

Trout Lake

Liard River

Proposed NNPRExpansion BoundryOption 1 - Sept 2007Watson Lake Fort Providence

Jean Marie RiverRoad

Nahanni Butte

YUKON TERRITO

Enterprise

Trout Lake

Liard River

Trout LakeFort LiardHay River

ERRITORY

NORTHWEST TERRITORIES

AL

BRITISH COLUMBIA

Fort Nelson

Wood BuffaloNational Park12

0

ALBERTA

1928 1928 -- Original discoveryOriginal discovery

1960’s 1960’s -- Discovery and underground development of Discovery and underground development of M i Z b d t bli h t fM i Z b d t bli h t fMain Zone began and establishment of campMain Zone began and establishment of camp

1979 to 1982 1979 to 1982 -- Hunt Brothers Cadillac Exploration, mine Hunt Brothers Cadillac Exploration, mine site infrastructure setup, road to Liard Highway site infrastructure setup, road to Liard Highway established, Feasibility Study completed and fullyestablished, Feasibility Study completed and fullyestablished, Feasibility Study completed and fully established, Feasibility Study completed and fully permittedpermitted

1982 1982 -- Silver price collapses and Cadillac entered into Silver price collapses and Cadillac entered into bankruptcy 3 months prior to mine production bankruptcy 3 months prior to mine production

1992 to 1993 1992 to 1993 -- San Andreas options property and fully San Andreas options property and fully acquires Prairie Creekacquires Prairie Creek

19991999 -- San Andreas name change to Canadian ZincSan Andreas name change to Canadian Zinc 1999 1999 San Andreas name change to Canadian ZincSan Andreas name change to Canadian Zinc

2000 to 2008 2000 to 2008 -- CZN exploration and development CZN exploration and development programsprograms

20082008 Application forApplication for Operations referred to EAOperations referred to EA 2008 2008 -- Application for Application for Operations referred to EAOperations referred to EA

2009/10 2009/10 –– In EA processIn EA process

3 LEVELS OF UG3 LEVELS OF UG

WINTER ROAD TO LIARDWINTER ROAD TO LIARD

3000 FOOT AIRSTRIP3000 FOOT AIRSTRIP

HOLDING PONDHOLDING POND1000 TPD MILL1000 TPD MILL

ACCOMMODATIONSACCOMMODATIONS

WORKSHOPS, OFFICEWORKSHOPS, OFFICE

FUEL FARM

Grab Sample: 820 g/t Ag,10% Zn, 16% Pb, 3.5% Cu

Sam Trench Results: 1.52m @20% Zn, 13% Pb, 219g/t Ag

Rico Trench Results: 1.1m @18% Zn, 35%Pb, 242g/t Ag

Zinc in Soil anomaly Gat

e Fa

ult Prairie C

reek

Previous surveys indicate

2MAIN ZONE:Prairie Creek

Minesite3

ystrong geochemicalanomalies between MainZone and Rico

PRAIRIE CREEKPROPERTY TENURE:

6 Mining Claims8 Mining Leases

5

6

7

DDH 95-124: 5.5m @7.5% Zn, 2%Pb, 49g/t Ag

DDH 94-064: 2.1m @21% Zn, 9%Pb, 192g/t Ag

DDH 95-103: 2.0m @29% Zn, 13%Pb, 73g/t Ag

4

16 km PC F

ault

DDH 06-170: 10.13m @

8 Mining Leases2 Surface LeasesTotal 9,163 Ha.

8

9

10

11

12Mi li d Z

CZN Claims & Leases

@6% Zn, 9%Pb, 113g/t Ag

Trenching, drilling and undergroungwork done by previous operators inZones 7 through 12 to be followed upby CZN exploration campaigns.

Mineralized Zones

Project PotentialProject Potentialjj

ProposedDeepHoleHole

Project PotentialProject Potentialjj


TYPE RESOURCE CATEGORY TONNES Pb (%) Zn (%) Ag (g/t) Cu (%)MAIN QUARTZ VEIN (MQV) Measured 938,624 11.63 13.11 211.89 0.465

Indicated 2,944,862 12.67 11.16 212.39 0.472

M + I 3,883,486 12.42 11.63 212.27 0.470

Inferred 5,516,297 11.46 13.55 215.53 0.516

STRATABOUND (SB) Measured 611,417 6.68 10.85 67.55 ‐

Indicated 663,261 5.53 10.15 61.99 ‐

M + I 1,274,678 6.08 10.49 64.66 ‐

Inferred 21,234 5.65 10.49 55.71 ‐

Measured 1,550,041 9.68 12.22 155.0 0.282

Indicated 3 608 123 11 36 10 97 184 7 0 385Indicated 3,608,123 11.36 10.97 184.7 0.385

MQV + SB M + I 5,158,164 10.85 11.35 175.8 0.354Inferred 5,537,531 11.44 13.54 214.9 0.514

STOCKWORK Indicated 682,165 2.68 5.85 50.15 0.112

Inferred 4,045 2.51 5.54 51.31 0.126

TOTALS Measured 1,550,041 9.68 12.22 154.95 0.282

Indicated 4,290,288 9.98 10.16 163.34 0.342

M + I 5,840,329 9.90 10.71 161.12 0.326

Source: Minefill Service, Inc. 2007, 43-101 compliant

Inferred 5,541,576 11.43 13.53 214.80 0.514

Mill Flotation Circuit

700 hp ball mill700 hp ball mill1000 tpd flotation cellsThickener tanksLarox filtersTo Install: Paste backfill plant & Pb ox circuit Produce Pb and Zn Cons

Replacement: 1500 kw CAT Replacement: 1500 kw CAT GeneratorGenerator

TANK FARMTANK FARM

Mill Powerhouse

Upgraded with new fuel efficient and low emission diesel generators

Glycol heating system

Transfer Facilities Ice Bridge

Figure 5 4:

River

M

N. Nahanni Highway

1 TRANSPORTFigure 5.4:

PRAIRIE CREEK MINE;HAULAGE ROUTE

Fort Simpson

Flat River

Mackenzie RiverAccess R

S. Naha

AREAOF

PRAIRIE CREEK MINE

Mackenzie Highway

Jean Marie River

s Road

hanni

River

Nahanni Butte

MAP

Checkpoint

126 Km

175 KmHighway

35

Highway

7

Nahanni Butte

Mackenzie Highw

Trout Lake

Liar

d R

iver

Fort Providence

120

YUKON

93 Km224 Km Highway

1Highway

7

Nahanni ButteRoad Junction(Liard Transfer Facility)

ghway

Liar

d H

ighw

ay(N

T)

Mackenzie Highway Hay RiverEnterpriseNahanni Butte

PRAIRIE CREEKMINE SITE

Whitehorse

YellowknifeYUKONTERRITORY


Enterprise

L

Trout Lake

60

Fort LiardHay River


YUKON TERRITORY

B

38 Km

104 Km

Highway

1

Highway

2

L

enzie

High

way

Fort Nelson

BRITISHCOLUMBIA ALBERTA

Skagway

Alaska

Approximate Scale

ES

ALBERTA

BRITISH COLUMBIA

Railway

Legend136 Km

Highway

77

Hig

hway

(BC

)

Mac

ke

Edmonton

Prince Rupert Flin Flon,Manitoba

Japan, KoreaChina, Europe

Prince George


Fort Nelson

Approximate Scale

Kilometres0 50 100 150

RailwayHaulage RouteRoadway

BordersWatercourse

(CN Railhead)36 Km

Highway

35

Highway

97

Liar

d

Alaskan Highway

TrailVancouver

U.S.A.Railways

Roadways

Calgary

Kilometers0 50 100 250

Approximate Scale

Karstlands in the Ram Plateau

PROPOSED WASTE ROCK FACILITY

Diversion Drain

ad

175 Metres at 1025 m Elevation

1% Slope

Div

ersi

on D

rainHaul Road

Mid Slope Bench

2:1 Slope

Mid Slope Bench(985 m Elevation)

CollectionPond Berm

Monitoring WellMine Complex

750 metresWater Flow

Solid Waste Facility

Waste Rock Outline (500,000 m3 Capacity)

Legend


Harrison CreekLined Sediment Pond (970 m Elevation)

Inert Debris (100,000 m3 Capacity)

C t h teMill

WaterTreatment

Plant

Prairie Creek Mine: Conceptual View

CreekMine & Stockpile

CatchmentPond

ewage

MineMine

Mi

SewageTreatment

Plant

Cell B Prairie CreeSewag

Catchment BackMill

Medial Dykeress

Maximum Wate

Fill

Medial Dyke

But

tr

Cell A

ater Level

Mill

P d W tProposed WaterStorage Pond

Operations similar to the original 1982 permit utilizing existing Operations similar to the original 1982 permit utilizing existing infrastructure with efficiency upgrades that provide further infrastructure with efficiency upgrades that provide further environmental mitigationenvironmental mitigationenvironmental mitigationenvironmental mitigation

Up to 1,300 tonnes/day underground cutUp to 1,300 tonnes/day underground cut--andand--fill miningfill mining Up to 950 tonnes/day crushing/grinding/flotation process with Up to 950 tonnes/day crushing/grinding/flotation process with

addition of DMS plant and utilize the waste flotation tailings product addition of DMS plant and utilize the waste flotation tailings product in underground paste backfillin underground paste backfill

Conversion of tailings pond facility into a Water Storage PondConversion of tailings pond facility into a Water Storage Pond Production of zinc and lead concentrates (80Production of zinc and lead concentrates (80--120,000t/yr)120,000t/yr) Creation of a Waste Rock FacilityCreation of a Waste Rock Facility Transport bagged Zn & Pb concentrate by truck to Fort NelsonTransport bagged Zn & Pb concentrate by truck to Fort Nelson Transport bagged Zn & Pb concentrate by truck to Fort Nelson Transport bagged Zn & Pb concentrate by truck to Fort Nelson

railhead via 2 Transfer Stations on a winter road basisrailhead via 2 Transfer Stations on a winter road basis Working in collaboration with local First Nations and NNPRWorking in collaboration with local First Nations and NNPR


The Mine was fully permitted in 1982 for operationsThe Mine was fully permitted in 1982 for operations During the course of further exploration and development (post During the course of further exploration and development (post

1982) the Prairie Creek Mine has received 15 permits/licenses to 1982) the Prairie Creek Mine has received 15 permits/licenses to support such activitiessupport such activitiesA li ti f O ti P it b itt d J 11 2008 hi hA li ti f O ti P it b itt d J 11 2008 hi h Application for Operating Permit submitted June 11, 2008 which Application for Operating Permit submitted June 11, 2008 which included Water License and 3 LUPsincluded Water License and 3 LUPs

Applications referred to EA under the MVEIRB August 8, 2008 Applications referred to EA under the MVEIRB August 8, 2008 due to public concerndue to public concerndue to public concerndue to public concern

Final Terms of Reference and Work Plan Issued by MVRB June, Final Terms of Reference and Work Plan Issued by MVRB June, 20092009

In response to the Terms of Reference CZN compiled aIn response to the Terms of Reference CZN compiled a In response to the Terms of Reference, CZN compiled a In response to the Terms of Reference, CZN compiled a Developers Assessment Report which was deemed by the MVRB Developers Assessment Report which was deemed by the MVRB to be in conformity enabling the EA to continue to the next phaseto be in conformity enabling the EA to continue to the next phase

MVRB also issued a new Work Plan which indicates the closureMVRB also issued a new Work Plan which indicates the closureMVRB also issued a new Work Plan which indicates the closure MVRB also issued a new Work Plan which indicates the closure of the public registry for this EA to occur by year end 2010 of the public registry for this EA to occur by year end 2010


1212

1 2

56

7

91011

34

6

8

Upgraded Mine Facilities:

131415

Upg aded e ac t es

1 - Water Storage Pond - Cell A 5 - Staff Accommodation Block 9 - DMS Plant (Attached to Mill) 13 - Acid Storage Tanks2 - Water Storage Pond - Cell B 6 - Ore Stockpile Lined Pad 10 - Temporary Float Storage Pile 14 - Bagging Plant3 - Reagent Storage Sheds 7 - 2nd 870 Underground Portal 11 - Paste Backfill Plant (Attached to Mill) 15 - Cement Storage Shed4 - Water Treatment Plant 8 - Concentrate Storage Shed 12 - Waste Rock Pile

Canadian Zinc owns 17% interestRevitalized mining strategy

Targeting 100,000 oz gold per year

Fiji Fiji –– Pacific RimPacific RimV t k l (VGM)Lihi (LGL)Ok T di (OTML) Vatukoula (VGM)11 Million Ounces

Lihir (LGL)41 Million Ounces

Ok Tedi (OTML)14.4 Million Ounces

Porgera (Barrick)10 Million Ounces FIJI

Tuvatu

Macraes (Oceana Gold)8 Million Ounces

24

8 Million Ounces

Tonnes Grade Contained Metalmillion gms gold / tonne Gold (million ounces)

ReservesProven 0.4 15.2 0.19Probable 1.5 9.8 0.49

Total Mineral Reserve 1.9 10.9 0.68

Mineral ResourcesVatukoula Underground

Measured 4.0 11.1 1.4Indicated 4.3 9.9 1.4Inferred 4.7 8.6 1.3

Sub Total 13.0 4.1

Vatukoula TailingsMeasured 4.5 1.5 0.2Indicated 0.7 1.3 0.03

Total Mineral Resources 18.2 7.3 4.3

25

VGM REGIONALEXPLORATION POTENTIALEXPLORATION POTENTIAL

26

Canadian Zinc owns 11% interest

Advanced Zinc lead Explorationp

Adjacent to Red Dog Mine AlaskaAdjacent to Red Dog Mine Alaska

CANADIAN ZINC CANADIAN ZINC CORPORATIONCORPORATIONCORPORATIONCORPORATION

Listings on:Listings on:Toronto Stock Exchange Toronto Stock Exchange –– CZNCZN

OTCBB OTCBB –– CZICFCZICFFrankfurt Stock Exchange : SRSFrankfurt Stock Exchange : SRS

Common Shares:Common Shares: 118,900,563 (June 16/10)118,900,563 (June 16/10)Common Shares: Common Shares: 118,900,563 (June 16/10)118,900,563 (June 16/10)Fully Diluted: Fully Diluted: 127,990,563 (June 16/10)127,990,563 (June 16/10)

Working Capital: Working Capital: $6 $6 millionmillionN d btN d btNo debtNo debt

Suite 1710Suite 1710--650 West Georgia Street, 650 West Georgia Street, PO Box 11644 PO Box 11644 Vancouver, BC, V6C 1G8Vancouver, BC, V6C 1G8

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Cnadian Zinc June Presentation

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