Canadian Zinc Reports Financial Results for Third Quarter 2014 - Seite 3

Bid tender documents relating to all capital cost equipment and development packages have been distributed. Competitive tenders have been received for most tender packages. Some contracts have been awarded, a variety of the tender package submissions are currently being evaluated and one major tender package is awaiting submission from vendors. A transportation services contract document has been tendered by Tetra Tech which will help determine transport costs and prospective road contractors were given a reconnaissance inspection of the road alignment so they could view the terrain prior to the onset of winter.

Prairie Creek Permitting

In August 2014, CZN submitted an amended development schedule for the Prairie Creek Mine to the Mackenzie Valley Land and Water Board ("MVLWB") and this was followed up by an application to the MVLWB in October, 2014 requesting that the Water Licence be held in abeyance until more certainty develops around the actual commencement of construction and the mine development schedule. This action would defer the schedule and dates in the licence for the submission of various plans until the activation of licence and the commencement of operations. The MVLWB is considering the Company's request and has recently circulated this application to interested parties for comment.

In April 2014, the Company submitted applications to the MVLWB and to Parks Canada for Land Use Permits to permit the possible future upgrade of the current winter access road to all-season use. The applications, as expected, were referred to environmental assessment by the Mackenzie Valley Environmental Impact Review Board ("MVRB"). In June 2014, the Company presented a Developer's scoping document to local affected communities and organizations. In September 2014, the MVRB issued the final Terms of Reference and the Company is currently compiling a Developers Assessment Report.

In September 2014, CZN completed a larger phase helicopter-supported engineering and environmental field studies associated with the all-season road permit applications. Engineering studies were focused on confirming the optimum alignment, preferred locations for an airstrip, determining the location and nature of stream crossings, and investigating and sampling areas of potential permafrost occurrence or instability, as well as borrow sources. Environmental studies consisted of a caribou occupancy wildlife survey, habitat data collection at fish-bearing stream crossings, and surface water and stream sediment sample collection.