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With all summer hot plays in Lithium and REE it is easy to miss a dramatic move in Zinc, which is back above 0.8 USD/lb now. Our Reinflation play Canada Zinc Metals announced today that it is considered itself undervalued by the market and will buy back its shares. We are busy accumulating as well. Few points to mention for our catalyst value play this Autumn:

1. It is an aggressive M&A play with Chinese involved: Tongling payed 0.425CAD and Company can buy back at levels below 0.3CAD. It is almost as licence to print money and we are as close to our dream of ink factory for US Dollar printing press as we can get.

"From an investor’s perspective, the goal is to own what China needs and China needs metals. And strategically, it could be easier for China’s state-owned corporations to fly under the radar and buy or take positions in smaller foreign corporations rather than their larger cousins. We return to our long-term thesis: own quality junior exploration and mining companies with superior projects. Canaccord Adams"

2. It is an area play with Chinese, TEC Resources and Korea Zinc involved and region shaping into one of the Major Zinc deposits in the world, Canada's locations will add to the value down the road compare to lets say Afghanistan or Africa. Mr Lukas Lundin is back in play in M&A games as well with his Lundin Mining troubles behind him.

3. A lot of closed Zinc mines in the beginning of this year will never be opened again. It is more secure to start new production in safer area and with higher grades and to come back to number of operations worldwide. We are estimating explosive growth in the recovery phase in Cars production, including Electric cars and all relative infrastructure.

4. Management of CZX.v keeps all options opened and secured investment on our front runner this season TNR Gold TNR.v with its Lithium and REE International Lithium Corp. to be spin out later this year. With all Electric fever CZX.v wisely pointing to another ambitious play - TNR Gold Los Azules project.

"Los Azules is shaping into huge Copper deposit with NPV over 1 billion with Copper price above 2.1 USD/lb. Who knows better then Chinese where the commodity prices are going? We like to see that the company is not just sitting and playing on all these developments alone, but advancing its new Lithium and REE start up International Lithium Corp and preparing Alaska properties for Gold surpassing 1000 USD/oz."

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Press Release Canada Zinc Metals Corp.

Announces Normal Course Issuer Bid Vancouver, British Columbia CANADA, August 06, 2009 /FSC/ - Canada Zinc Metals Corp. (CZX - TSX Venture), announces that it has filed a Form 5G with the TSX Venture Exchange ("TSXV") and received approval to purchase at market price up to 4,423,445 common shares, being approximately 5% of the Company's issued and outstanding common shares, by way of a normal course issuer bid (the "Bid") through the facilities of the TSXV. As of the date hereof there are 88,468,914 Common Shares of the Company issued and outstanding. The Bid will commence on July 31, 2009 and will stay open for 12 months. Canada Zinc Metals is engaging in a normal course issuer bid because it believes that the market price of its Common Shares does not properly reflect the underlying value of the Company. The purpose of the bid is to reduce dilution of the Company's shares and to enhance the potential future value of the Common Shares which remain outstanding, thus increasing long term shareholder value. Purchases connected with this Bid will be conducted through Canaccord Capital Corporation's offices in Vancouver. The Company will pay the market price of the Common Shares at the time of acquisition and will not purchase more than 2% of the total issued and outstanding common shares within any 30 day period. A copy of the Notice may be obtained by any shareholder of the Company, without charge, by contacting the Company's head office. In July 2009, Tongling Nonferrous Metals Group Holdings Co. Ltd., a state-owned holding company, and one of China's largest copper smelting companies, purchased 11.5 million units of the Company at a price of $0.425 per unit and now holds a 13% equity position in Canada Zinc Metals. About the Akie Property The Akie zinc-lead property is situated within the southern-most part (Kechika Trough) of the regionally extensive Paleozoic Selwyn Basin, one of the most prolific sedimentary basins in the world for the occurrence of SEDEX zinc-lead-silver and stratiform barite deposits. Drilling on the Akie property by Inmet Mining Corporation during the period 1994 to 1996 and by Canada Zinc Metals since 2005 has identified a significant body of baritic-zinc-lead SEDEX mineralization (Cardiac Creek deposit). The deposit is hosted by variably siliceous, fine grained clastic rocks of the Middle to Late Devonian 'Gunsteel' formation. The Company has filed a NI 43-101 report supporting the estimated inferred resource of 23.6 million tonnes grading 7.6% Zn, 1.5% Pb and 13.0 g/t Ag (at a 5% Zn cut off grade). The complete NI 43-101 technical report, titled "Geology, Diamond Drilling and Preliminary Resource Estimation, Akie Zinc-Lead-Silver Property, Northeast British Columbia, Canada" and dated May 30, 2008, can be viewed on SEDAR. Two similar deposits, Cirque and South Cirque, located some 20 km northwest of Akie and owned under a joint venture by Teck Cominco and Korea Zinc, are also hosted by Gunsteel rocks and have a combined geologic inventory in excess of 50 million tonnes. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. ON BEHALF OF THE BOARD OF DIRECTORS CANADA ZINC METALS CORP. "PEEYUSH VARSHNEY" PEEYUSH VARSHNEY, LL.B CEO & CHAIRMAN