-->momentan sind die Stücke günstig zu haben - selbst in frankfurt oder Berlin sollte sich ein Einstieg lohnen, da der AQbverkauf wohl folgende Gründe hat:

Hold Period on Shares Ends / Warrants Exercised:

On March 11, 2004, the hold period ended on 14,100,000 common shares previously issued by the Company on November 10, 2003.

The shares were issued in a private placement of 2,500,000 flow through common shares at $0.50 per share and 11,600,000 units at $0.50 per unit. Each unit consists of one common share and one half share purchase warrant exercisable at a price of $0.60 per warrant for a period of eighteen months (see Material Change Report dated November 10, 2003). In accordance with Canadian Securities Regulations the shares were issued subject to a restriction that they could not be sold for a period of four months. The hold period expired on March 11, 2004 whereupon all 14,100,000 shares became free trading.

In the ten trading days ended March 19, 2004, the cumulative trading volume of the Company's shares on the Toronto Stock Exchange was 9,261,416 with the high volume being largely attributable to the repositioning of the newly free trading shares in the market.

During the same period a total of 1,893,122 share purchase warrants were exercised yielding proceeds of $1,128,427 increasing the Company's working capital to approximately $14.3 million.

About Canadian Zinc:

Canadian Zinc's 100% owned Prairie Creek Mine Project located in the Northwest Territories includes a near complete mine, mill and surrounding infrastructure with a large mineral resource base totaling 11.9 million tonnes, grading 12.5% zinc, 10.1% lead, 0.4% copper and 161 grams per tonne silver. The resource contains an estimated 70 million ounces of silver, approximately 3 billion pounds of zinc and approximately 2.2 billion pounds of lead.

At December 31, 2003 Canadian Zinc had working capital of approximately $13 million and is debt free.

US-CAN-Kürzel CZN.TO
WPKN in D: 899188