VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 27, 2006) - Canadian Zinc Corporation (TSX:CZN) announces that, the Board of Directors has approved the grant, subject to regulatory approval, of incentive stock options under the Company's 10% Rolling Stock Option Plan to a total of eight employees and consultants (excluding directors and officers) for the purchase of a total of 300,000 shares in its capital.
The options are exercisable until June 27, 2011 at the price of $0.89 per share.
Canadian Zinc has currently 94,558,895 shares outstanding and a total of 3,610,000 shares subject to options outstanding under the Stock Option Plan.
A more extensive description of the Company's activities is available on the Company's web site at www.canadianzinc.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian Zinc Corporation
John F. Kearney
Chairman
(416) 362-6686
(416) 368-5344 (FAX)
Canadian Zinc Corporation
Alan Taylor
Vice President Exploration &Chief Operating Officer
(604) 688-2001 or Tollfree:1-866-688-2001
(604) 688-2043 (FAX)
invest@canadianzinc.com
www.canadianzinc.com
