6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

Re:  For the period ended September 13, 2007

COMMISSION FILE NUMBER: 0-22216

Suite 1710 - 650 West Georgia Street

Vancouver, British Columbia

Canada V6B 4N9

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-For Form 40-F

Form 20-F þ Form 40-F ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes¨ No  þ

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes ¨ No þ

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 13g3-2(b) under the Securities Exchange Act of 1934.

Yes ¨ No þ

If ‘Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

EXHIBIT LIST
31	CEO Certificate of Interim Filings June 30, 2007
32	CFO Certificate of Interim Filings June 30, 2007
99.1	MD&A June 30, 2007
99.2	Press release, dated  July 24, 2007 - Sprott Asset Management acquires 9.8% of Canadian Zinc - $10 Million Financing Closed
99.3	Press release, dated  August 8, 2007 - Nahanni National Park Reserve Expansion - Canadian Zinc's Rights Respected
99.4	Press release, dated August 14, 2007 - Underground Exploration Continues at Prairie Creek Mine
99.5	Press release, dated August 21, 2007 - Sprott Asset Management Controls 15.6% of Canadian Zinc

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
	CANADIAN ZINC CORPORATION
Date:  September 14, 2007	By:	/s/ John F. Kearney
		John F. Kearney
		President and Chairman

Financial Statements

(Unaudited – Prepared By Management)

(A Development Stage Company)

June 30, 2007

Index

Balance Sheets

Statements of Operations and Deficit

Statements of Cash Flows

Notes to Financial Statements

      

    CANADIAN ZINC CORPORATION      

        Balance Sheets            

        as at June 30, 2007      

        (Unaudited – prepared by management)     

	June 30			December 31
	2007			2006
	(unaudited)			(audited)
ASSETS
Current assets
Cash and cash equivalents	$	950,145		$	13,608,364
Short-term investments (Note 2)		24,999,894			15,478,718
Marketable securities (Note 2)		125,000			250,000
Other receivable and prepaid expense		195,104			269,426
		26,270,143			29,606,508
Resource interests (Note 3)		30,885,014			26,700,256
Plant and equipment (Note 4)		417,267			455,422
	$	57,572,424		$	56,762,186
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities	$	1,058,268		$	464,347
Future income tax liabilities (Note 8)		3,863,600			1,134,000
Asset retirement obligations (Note 5)		1,418,574			1,380,120
		6,340,442			2,978,467
SHAREHOLDERS' EQUITY
Share capital (Note 6)		57,907,812			59,993,621
Contributed surplus (Note 6)		6,248,794			6,478,846
Deficit		(12,924,624	)		(12,688,748	)
		51,231,982			53,783,719
	$	57,572,424		$	56,762,186
See accompanying notes

Approved by the Directors:

“John F. Kearney”	“Robert Gayton”
John F. Kearney	Robert Gayton

1

      

    CANADIAN ZINC CORPORATION      

        Statements of Operations and Deficit            

        As at June 30, 2007     

        (Unaudited – prepared by management)           

	Three Months ended June 30 2007			Three Months ended June 30 2006			Six Months ended June 30 2007			Six Months ended June 30 2006
Income Interest Income	$	331,102		$	225,490			651,108		$	406,851
Expenses
Amortization of office furniture and equipment		1,001			1,090			1,921			2,182
Listing and regulatory fees		11,567			3,034			45,103			30,157
Management and directors fees		63,000			146,000			127,200			195,600
Office and general		55,393			70,020			159,608			173,553
Professional fees		68,221			42,819			161,515			130,587
Project evaluation		-			14,784			39,009			29,506
Shareholder and investor communications		178,328			82,416			227,628			135,085
Stock based compensation		-			191,473			-			191,473
Write down on marketable securities		125,000			-			125,000			-
		502,510			551,636			886,984			888,143
Net loss for the period		(171,408	)		(326,146	)		(235,876	)		(481,292	)
Deficit, beginning of period		(12,753,216	)		(11,357,478	)		(12,688,748	)		(11,202,332	)
Deficit, end of period	$	(12,924,624	)	$	(11,683,624	)		(12,924,624	)	$	(11,683,624	)
Loss per share - basic and diluted	$	(0.00	)	$	(0.00	)		(0.00	)	$	(0.01	)
Weighted average number of common  shares outstanding– basic and diluted	$	108,246,437		$	94,529,214			108,030,790		$	91,981,502

See accompanying notes

2

      

    CANADIAN ZINC CORPORATION      

        (a development stage company)            

        Statements of Cash Flows      

        (Unaudited – prepared by management)           

	Three Months ended June 30 2007			Three Months ended June 30 2006			Six Months ended June 30 2007			Six Months ended  June 30 2006
Cash flows from (used in) operating activities
Loss for the period	$	(171,408	)	$	(326,146	)		(235,876	)	$	(481,292	)
Adjustment for items not involving cash:
- amortization of office furniture and equipment		1,001			1,090			1,921			2,182
- write down on marketable securities (Note 2)		125,000			-			125,000			-
- stock based compensation		-			191,473			-			191,473
		(45,407	)		(133,583	)		(108,955	)		(287,637	)
Change in non-cash working capital items:
- other receivables and prepaid expenses		(23,969	)		(63,221	)		74,322			(64,503	)
- accounts payable and accrued liabilities		435,604			818,027			593,921			1,031,176
		366,228			621,223			559,288			679,036
Cash flows from financing activities
Proceeds from shares issued and subscribed, net of issuance costs		310,239			83,249			413,739			9,693,107
Cash flows from (used in) investing activities
Purchase of equipment		(5,379	)		(75,134	)		(31,632	)		(79,035	)
Short-term investments (Note 2)		(15,097,186	)		-			(9,521,176	)		-
Lease and property abandonment deposit		-			(175,000	)		(30,000	)		(205,000	)
Deferred exploration and development costs, excluding amortization and accretion		(2,285,395	)		(1,306,485	)		(4,048,438	)		(1,556,984	)
		(17,387,960	)		(1,556,619	)		(13,631,246	)		(1,841,019	)
Increase (decrease) in cash and cash equivalents		(16,711,493	)		(852,147	)		(12,658,219	)		8,531,124
Cash and cash equivalents, beginning of period		17,661,638			25,447,147			13,608,364			16,063,876
Cash and cash equivalents, end of period	$	950,145		$	24,595,000		$	950,145		$	24,595,000

3

      

    CANADIAN ZINC CORPORATION      

        (a development stage company)                     

        Notes to Financial Statements      

        June 30, 2007            

        (Unaudited – prepared by management)    

1.   Basis of Presentation

These interim financial statements have been prepared using the same accounting policies and methods of their application as the most recent annual financial statements of the Company. These interim financial statements do not include all disclosures normally provided in the annual financial statements and should be read in conjunction with the Company's audited financial statements for the year ended December 31, 2006.  In management's opinion, all adjustments necessary for fair presentation have been included in these interim financial statements.  Interim results are not necessarily indicative of the results expected for the fiscal year.  Certain comparative figures have been reclassified to conform to the current period's presentation.

2.   Short-term Investments and Marketable Securities

Short-term investments, which consist primarily of investments in Bankers Acceptances and Guaranteed Investment Certificates, are investments with maturities of three months or more when purchased.  As at June 30, 2007, short-term investments consist of $24,999,894.

On December 21, 2006, the Company participated in a private placement and subscribed to 5,000,000 Units of Ste. Genevieve Resources Ltd. at $0.05 per Unit for a total of $250,000.  Each Unit consists of one common share and one common share purchase warrant entitling the holder to acquire an additional common share at a price exercisable at $0.06 on or before December 29, 2008.  The market value as at June 30, 2007 was $125,000 (December 31, 2006 - $300,000), which resulted in the write down of the marketable securities of $125,000 (December 31, 2006 - $Nil).

3.   Resource Interests

The Company’s resource interests comprise the Prairie Creek Mine Property:

	June 30 2007		December 31 2006
Acquisition costs:
- mining lands	$	3,158,000	$	3,158,000
- plant and mill		500,000		500,000
		3,658,000		3,658,000
Reclamation security deposits		425,000		395,000
Increase from asset retirement obligations		682,270		746,630
Exploration and development costs (see table below)		26,119,744		21,900,626
	$	30,885,014	$	26,700,256

4

      

    CANADIAN ZINC CORPORATION      

        (a development stage company)                     

        Notes to Financial Statements      

        June 30, 2007            

        (Unaudited – prepared by management)       

3.           Resource Interests (continued)

Exploration and development costs incurred in 2007 are detailed below:

	Three		Three		Six		Six
	Months ended		Months ended		Months ended		Months ended
	June 30 2007		June 30 2006		June 30 2007		June 30 2006
Exploration and development costs
Assaying and metallurgical studies	$	104,747	$	20,060	$	210,991	$	67,019
Camp operation and project development		550,649		253,756		997,701		316,105
Drilling and underground development		1,103,834		453,368		1,918,296		453,368
Geology		126,990		175,700		247,684		210,839
Insurance, lease rental		28,049		32,930		34,641		39,522
Permitting and environmental		165,265		160,983		285,617		251,914
Transportation and travel		205,861		209,688		353,508		218,217
		2,285,395		1,306,485		4,048,438		1,556,984
Amortization – asset retirement obligations		32,180		32,180		64,360		64,360
Amortization – mining plant and equipment		33,973		9,844		67,866		16,869
Asset retirement accretion		19,227		19,727		38,454		39,454
		85,380		61,751		170,680		120,683
Total exploration and development costs, for the period		2,370,775		1,368,236		4,219,118		1,677,667
Exploration and development costs, beginning of period		23,748,969		14,081,221		21,900,626		13,771,790
Exploration and development costs, end of period		26,119,744	$	15,449,457		26,119,744	$	15,449,457

Prairie Creek Mine

The Company holds a 100% interest in the Prairie Creek Mine property, plant and equipment located in the Northwest Territories, Canada.

During 2003 the Company renewed two surface leases granted by the Federal Government relating to the operation and care and maintenance of the Prairie Creek Mine Property for a period of ten years terminating June 30, 2012.  The Company paid $100,000 upon execution of the lease and is obligated to pay $30,000 per year for five years to a maximum of $250,000 (the final amount of which was paid in the quarter ended March 31, 2007), as a security deposit for the performance of abandonment and reclamation obligations under the leases.

5

      

    CANADIAN ZINC CORPORATION       

         (a development stage company)       

        Notes to Financial Statements       

        June 30, 2007           

        (Unaudited – prepared by management)    

3. Resource Interests (continued)

On September 10, 2003 the Company was granted a Type A Land Use Permit and a Type B Water Licence (reissued February 2006) by the Mackenzie Valley Land and Water Board for a period of five years commencing September 10, 2003 for underground development and exploration and for metallurgical testing.

On June 12, 2006, under the terms of the Land Use Permit (MV2001C0023 Part 3C, Section 38) and Water Licence (MV2001L2-0003, Part B, Section 2) the Company contributed $30,000 and $70,000, respectively, as security deposits for reclamation obligations.

On May 11, 2006 the Mackenzie Valley Land and Water Board issued a Land Use Permit for the Phase 3 Exploration Drilling Program.  The Land Use Permit (MV2004C0030), is valid for five years and allows surface exploration and diamond drilling at up to 60 sites.  Under the terms of the Permit (Part C, Section 56), a security deposit for $75,000 was made on June 12, 2006.

On April 11, 2007, the Mackenzie Valley Land and Water Board issued a Land Use Permit for use of the road which connects the Prairie Creek Mine with the Liard Highway. The Land Use Permit (MV2003F0028) is valid for five years to April 10, 2012.  Under the terms of the Permit (Condition #38; 26 (1)(I)) a security deposit in the amount of $100,000 is payable prior to the first use of the road.

In 1996, the Company concluded a Co-operation Agreement with the Nahanni Butte Dene Band (“Nahanni”), part of the Deh Cho First Nations.  In return for co-operation and assistance undertakings given by Nahanni towards the development of the Prairie Creek Project, the Company granted the following net profit interest and purchase option to Nahanni:

(i)   A 5% annual net profits, before taxation, interest in the Prairie Creek Project, payable following the generation of profits after taxation equivalent to the aggregate cost of bringing the Prairie Creek Project into production and establishing the access road; and

(ii)   An option to purchase either a 10% or a 15% interest in the Prairie Creek Project at any time prior to the expiry of three months following permitting for the Project, for the cash payment of either $6 million or $9 million, subject to price adjustment for exploration expenditure and inflation, respectively.

In October 2003 Nahanni informed the Company that Nahanni considers the Agreement terminated.  Such termination is not in accordance with the provisions of the Agreement.  The Company is currently re-negotiating the Agreement with Nahanni.

6

      

    CANADIAN ZINC CORPORATION      

        (a development stage company)                     

        Notes to Financial Statements      

        June 30, 2007            

        (Unaudited – prepared by management)    

4.   Plant and Equipment

	June 30, 2007						December 31 2006
	Cost		Accumulated Amortization		Net Book Value		Net Book Value
Mining equipment	$	647,692	$	279,910	$	367,782	$	401,678
Pilot plant		108,161		77,353		17,951		37,099
Furniture, fixtures & equipment		95,304		76,627		31,534		16,645
	$	851,157	$	433,890	$	417,267	$	455,422

5.   Asset Retirement Obligation

	June 30 2007		December 31 2006
Opening balance – beginning of the period	$	1,380,120	$	1,302,212
Obligations re-measured during the period		-		-
Accretion expense		38,454		77,908
Ending balance – end of the period	$	1,418,574	$	1,380,120

The Company’s asset retirement obligation arises from its obligations to undertake site reclamation and remediation in connection with its mining activities.  In addition, the Company has posted reclamation security deposits of $425,000.

The total discounted amount of the estimated cash flows required to settle the asset retirement obligation as at June 30, 2007 is estimated to be $1,418,574 in 2007 dollars (December 31, 2006 - $1,380,120) excluding the security deposits.  While it is anticipated that some expenditures will be incurred during the life of the operation to which they relate, a significant component of this expenditure will only be incurred at the end of the mine life. In determining the carrying value of the asset retirement obligation, the Company has assumed a long-term inflation rate of 2.5%, a credit-adjusted risk-free discount rate of 6.5% and a weighted average useful life of production facilities and equipment of ten years. Elements of uncertainty in estimating this amount include changes in the projected mine life, reclamation expenditures incurred during ongoing operations and reclamation and remediation requirements and alternatives.

7

      

    CANADIAN ZINC CORPORATION     

         (a development stage company) 

        Notes to Financial Statements     

        June 30, 2007          

        (Unaudited – prepared by management)                

6.           Share Capital

Authorized: Unlimited (2006 – unlimited) common shares with no par value.

Shares outstanding:

Number of Shares		Amount
Balance, December 31, 2006	107,590,212	$	59,993,621
Stock options exercised at $0.23 per share (including $27,000 from contributed surplus attributed to stock-based compensation)	450,000		130,500
Income tax effect on flow-through share renouncement (Note 8)	-		(2,729,600	)
Balance, March 31, 2007	108,040,212	$	57,394,521
Stock options exercised at $0.89 per share (including $63,824 from contributed surplus attributed to stock-based compensation)	100,000		152,824
Broker warrants exercised at between $0.72 and $0.93 per share (including $139,228 from contributed surplus attributed to the fair value of warrants attached to private placements issued in prior periods)	302,738		360,467
Balance, June 30, 2007	108,442,950	$	57,907,812

Stock Options

The Company has outstanding directors and employee stock options, fully vested entitling the holders to acquire additional common shares as follows:

Number of Shares	Exercise Price	Expiry Date	Option Value
2,860,000	$0.60	January 14, 2010	$   1,058,603
110,000	$0.89	June 27, 2011	70,207
1,200,000	$0.90	December 13, 2011	746,374
4,170,000			$   1,875,184

8

      

    CANADIAN ZINC CORPORATION   

        (a development stage company)               

        Notes to Financial Statements            

        June 30, 2007     

        (Unaudited – prepared by management)                 

6.           Share Capital (continued)

A summary of the stock option activity for the period is as follows:

	Shares		Weighted Average Exercise Price
Options outstanding and exercisable at December 31, 2006	4,780,000	$	0.66
Cancelled	(60,000)		0.89
Exercised	(550,000)		0.35
Options outstanding and exercisable at June 30, 2007	4,170,000

On June 13, 2007, at the Company’s Annual meeting, shareholders re-approved the Company’s 10% Rolling Stock Option Plan.

Warrants

A summary of the Company’s warrants issued and outstanding as at June 30, 2007 is as follows:

Balance of Warrants Outstanding at December 31, 2006	Number of Warrants Expired/ Exercised during 2007	Balance of Warrants Outstanding at June 30, 2007	Exercise Price Per Warrant	Expiry Date	Warrant Value
6,666,666		6,666,666	$1.00	January 30, 2008	$  2,263,858
814,093	(287,182)	526,911	$0.72	January 30, 2008	376,110
666,666		666,666	$1.00	January 30, 2008	319,999
2,777,778		2,777,778	$1.15	November 23, 2008	845,077
194,444		194,444	$1.15	November 23, 2008	73,362
486,957		486,957	$1.15	November 23, 2008	183,723
388,889	(15,556)	373,333	$0.93	November 23, 2008	159,887
11,995,493	(302,738)	11,692,755			$  4,222,016

9

      

    CANADIAN ZINC CORPORATION        

         (a development stage company)               

         Notes to Financial Statements            

        June 30, 2007         

        (Unaudited – prepared by management)     

    

6.           Share Capital (continued)

Contributed Surplus

	Options			Warrants			Unexercised Options and Warrants		Total
Balance, December 31, 2006	$	2,004,303		$	4,361,244		$	113,299	$	6,478,846
Options cancelled		(38,295	)		-			38,295		-
Exercise of options		(90,824	)		-			-		(90,824	)
Broker warrants exercised		-			(139,228	)		-		(139,228	)
Balance, June 30, 2007	$	1,875,184		$	4,222,016		$	151,594	$	6,248,794

7.           Related Party Transactions

The Company incurred the following expenses to directors and corporations controlled by directors of the Company:

	Three months ended June 30 2007		Three months ended June 30 2006		Six months ended June 30 2007		Six months ended June 30 2006
Executive and director compensation	$	105,000	$	279,309	$	213,200	$	364,909
Rent		3,000		3,300		6,000		6,600
	$	108,000	$	282,609	$	219,200	$	371,509

All transactions with related parties were within the normal course of business. These transactions have been recorded at amounts agreed to by the transacting parties.

10

      

    CANADIAN ZINC CORPORATION      

         (a development stage company)               

        Notes to Financial Statements            

        June 30, 2007     

        (Unaudited – prepared by management)                   

8.   Income Taxes

The Company’s future income tax liability arises from the renunciation of mineral exploration expenditures on flow-through shares issued to investors.  During the year ended December 31, 2006, the Company renounced to subscribers of flow-through shares Canadian Exploration Expenditures (CEE) of $8,000,000.  The Company has applied the accounting treatment recommended by the Canadian Institute of Chartered Accountants Emerging Issues Committee Recommendation146 which requires the recognition of a future income tax liability of $2,729,600, representing the tax effect of the renunciation, and a corresponding reduction in shareholders’ equity to be recorded in the first quarter of 2007.  The future income tax liability (net of future tax assets) was $1,134,000 at December 31, 2006.

Flow-through shares entitle a company that incurs certain resource expenditures in Canada to renounce such exploration expenditure to the subscribers allowing the expenditures to be deducted for income tax purposes by the investors who purchased the shares.  A future income tax liability arises from the renunciation of mineral exploration costs to investors of flow-through shares.

Funds raised through the issuance of flow-through shares are required to be expended on qualified Canadian mineral exploration expenditures, as defined pursuant to Canadian income tax legislation.  The flow-through gross proceeds less the qualified expenditures made to date represent the funds received from flow-through shares issuances which have not been spent and which are held by the Company.  As at June 30, 2007, the amount of flow-through proceeds remaining to be expended is $3,075,442.

9.           Non-cash Transactions

In the fiscal period ended June 30, 2007 there were no non-cash transactions.

10.   Subsequent events

On July 23, 2007 the Company completed a private placement of 11,765,000 Units at a price of $0.85 per unit for total proceeds of $10,000,250.  Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole Warrant will entitle the holder to purchase one common share at a price of $1.20 per Warrant Share, until July 23, 2009.

11

EX-31

FORM 52-109F2

CERTIFICATE OF INTERIM FILINGS

I, John F. Kearney, President and Chief Executive Officer of Canadian Zinc Corporation, certify that:

1. I have reviewed the interim filings (as this term is defined in Multilateral Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings) of Canadian Zinc Corporation, (the issuer) for the interim period ending June 30, 2007;

2. Based on my knowledge, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the interim filings;

3. Based on my knowledge, the interim financial statements together with the other financial information included in the interim filings fairly present in all material respects the financial condition, results of operations and cash flows of the issuer, as of the date and for the periods presented in the interim filings;

4. The issuer's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures and internal control over financial reporting for the issuer, and we have:

(a) designed such disclosure controls and procedures, or caused them to be designed under our supervision, to provide reasonable assurance that material information relating to the issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which the interim filings are being prepared; and

(b) designed such internal control over financial reporting, or caused it to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer’s GAAP; and

5. I have caused the issuer to disclose in the interim MD&A any change in the issuer’s internal control over financial reporting that occurred during the issuer’s most recent interim period that has materially affected, or is reasonably likely to materially affect, the issuer’s internal control over financial reporting.

Date:  August 10, 2007

“John F. Kearney”                                                                

John F. Kearney

President and Chief Executive Officer

EX-31

FORM 52-109F2

CERTIFICATE OF INTERIM FILINGS

I, Danesh Varma, Chief Financial Officer of Canadian Zinc Corporation, certify that:

1. I have reviewed the interim filings (as this term is defined in Multilateral Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings) of Canadian Zinc Corporation, (the issuer) for the interim period ending June 30, 2007;

2. Based on my knowledge, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the interim filings;

3. Based on my knowledge, the interim financial statements together with the other financial information included in the interim filings fairly present in all material respects the financial condition, results of operations and cash flows of the issuer, as of the date and for the periods presented in the interim filings;

4. The issuer's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures and internal control over financial reporting for the issuer, and we have:

(a) designed such disclosure controls and procedures, or caused them to be designed under our supervision, to provide reasonable assurance that material information relating to the issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which the interim filings are being prepared; and

(b) designed such internal control over financial reporting, or caused it to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer’s GAAP; and

5.   I have caused the issuer to disclose in the interim MD&A any change in the issuer’s internal control over financial reporting that occurred during the issuer’s most recent interim period that has materially affected, or is reasonably likely to materially affect, the issuer’s internal control over financial reporting.

Date:  August 10, 2007

“Danesh Varma”                                                      

Danesh Varma

Chief Financial Officer

EX-99.1

MANAGEMENT’S DISCUSSION AND ANALYSIS

INTRODUCTION

The Management’s Discussion and Analysis of financial condition and results of operations (“MD&A”) provides a detailed analysis of Canadian Zinc’s business and compares its financial results for the second quarter and first half of 2007 with those of the second quarter and first half of 2006.  In order to better understand the MD&A, it should be read in conjunction with the unaudited Financial Statements and related notes for the quarter and six months ended June 30, 2007 and in conjunction with the audited Financial Statements and notes for the year ended December 31, 2006, and Management’s Discussion and Analysis for the year 2006.  The Company’s financial statements are prepared in accordance with Canadian generally accepted accounting principles (“GAAP”) and filed with appropriate regulatory authorities in Canada.  This MD&A is made as of August 9, 2007.

Management’s Discussion and Analysis contains certain forward-looking statements with respect to the Company’s activities and future financial results that are subject to risks and uncertainties that may cause the results or events predicted in this discussion to differ materially from actual results or events.

ADDITIONAL INFORMATION

Additional information relating to the Company including the Company’s Annual Information Form for the year 2006 dated March 30, 2007 is available under the Company’s profile on SEDAR at www.sedar.com and on the Company’s website at www.canadianzinc.com.

1.           OVERVIEW

Canadian Zinc Corporation is a development stage company listed on the Toronto Stock Exchange under the symbol “CZN” and is engaged in the business of exploration and development of natural resource properties. The Company's principal focus is the exploration and development of the Prairie Creek Mine, a zinc/lead/silver property located in the Northwest Territories of Canada.

The Prairie Creek Mine is partially developed with an existing 1000 tpd mill and related infrastructure.  The Prairie Creek Property hosts a major mineral deposit containing an estimated, in situ, 3 billion pounds of zinc, 2.2 billion pounds of lead and approximately 70 million ounces of silver, with significant exploration potential Zone 3 of the deposit, as currently known, contains a historically estimated resource of 3.6 million tonnes (measured and indicated) grading 11.8% zinc, 9.7% lead, 0.3% copper and 141.5 grams silver per tonne and 8.3 million tonnes (inferred) grading 12.8% zinc, 10.4% lead and 0.4% copper and 169.2 grams silver per tonne.

The Company’s principal focus is its efforts to advance the Prairie Creek project towards production.  In 2006 the Company carried out major programs at Prairie Creek including driving a new internal decline about 400 meters long which enabled the initiation of a major underground exploration and infill drilling program that continued into the first half of 2007.  A total of $7.9 million was invested in Prairie Creek in 2006.  During the first half of 2007 the Company invested $4,048,438 on the Prairie Creek project, principally on underground exploration drilling with encouraging results.  (See press releases dated January 9, 2007, March 5, 2007, March 22, 2007, April 24, 2007, June 4, 2007, July 5, 2007).  A new mineral resource estimation and report (NI 43-101 Standard) is in preparation.

The Prairie Creek project is located in the Mackenzie Mountains of the Northwest Territories, within the watershed of the South Nahanni River and in proximity but outside of the Nahanni National Park Reserve.  Although the Company holds permits for the exploration and development of the Prairie Creek property the Company does not have all the permits necessary to operate the mine.  The Company has experienced long delays in obtaining permits to date and anticipates continuing delays and difficulties with its permitting activities.  During the first half of 2007 the Company was actively engaged in permitting activities and obtained a Land Use Permit for winter use of the road which connects the Prairie Creek Mine with the Liard Highway from the Mackenzie Valley Land and Water Board in April 2007.

Canadian Zinc is in a strong financial condition. At June 30, 2007 the Company had cash, cash equivalents and short term investments of $25.9 million compared to $29 million at December 31, 2006.

Subsequent to the end of the quarter the Company completed a private placement financing of $10 million, increasing the cash position to approximately $35 million.

2.           REVIEW OF FINANCIAL RESULTS

For the second quarter of 2007 and first half of 2007, the Company reported net losses of $171,408 and $235,876 respectively, compared to losses of $326,146 and $481,292 in the second quarter and first half of 2006.  The reduced loss in 2007 was mainly attributable to higher interest income in 2007 as a result of an increase in cash available for investment and the inclusion of a charge of $191,473 in respect of stock based compensation in both the second quarter and first half of 2006.

Included in the loss in both the second quarter and first half of 2007 was a write down in the market value of marketable securities in the amount of $125,000.  There was no equivalent write down in 2006.

Exploration and Development Expense

The Company capitalizes all exploration and development costs relating to its resource interests.  During the first half of 2007 the Company expended $4,048,438 on exploration and development on the Prairie Creek Property, the principal component of which was underground drilling. During the first half of 2006, the Company expended $1,556,984 on the Prairie Creek Property.

The 2007 program, which ran successfully throughout the winter months, includes the continuation of underground drilling program which commenced in 2006.  Underground drilling was carried out from drill stations at 50 meter intervals along a new 400 meter internal decline.  As of June 30, 2007, 41 drill holes totaling 8,217 meters of drilling from six drill stations had been completed with encouraging results.  The Phase 1 underground drilling program is now completed and the results will be incorporated into a new 43-101 compliant mineral resource report.  Phase 2 underground drilling is slated to continue later in the year following further extension of the underground decline to create additional drill stations.

Continued progress was made on permitting at Prairie Creek.  On April 10, 2007, the Mackenzie Valley Land and Water Board issued Land Use Permit MV2003F0028 to operate a winter road from the Prairie Creek mine site to the Liard Highway. The permit is valid for a period of five years to April 10, 2012.

Particulars of the deferred exploration and development costs are shown in Note 3 to the Financial Statements.

1

Revenue and Interest Income

The Company is in the exploration and development stage and does not generate any cash flow. To date the Company has not earned any significant revenues other than interest income.  Interest income in the second quarter and first half of 2007 was $331,102 and $651,108 respectively, compared to $225,490 and $406,851 in the second quarter and second half of 2006 respectively, with the increase being attributable to larger amounts available for investment.

Administrative Expenses

Administrative expenses for the second quarter and for the first half of 2007 were $376,509 and $760,063 respectively, compared to $359,073 and $694,488 (excluding stock based compensation, amortization and a write down of marketable securities) in the second quarter and first half of 2006, respectively.  The increase was largely attributable to increased activity in shareholder and investor communications.

Related Party Transactions

The Company had no related party transactions in the first half of 2007 or 2006 other than executive compensation in the second quarter and first half of 2007 of $108,000 and $219,200 respectively, compared to $282,609 and $371,509 in the second quarter and first half of 2006, respectively, paid to executives, directors and corporations controlled by directors.  The decrease was principally attributable to timing differences.

Income Tax

The Company is currently not taxable and had no income tax expense for the first half of 2007 or 2006.  In the first quarter of 2007 the Company applied the accounting treatment by the Canadian Institute of Chartered Accountants Emerging Issues Committee Recommendation 146 requiring the tax effect of the renunciation of $8 million of Canadian exploration expenses upon the issue in 2006 of flow-through shares to be recorded in the 2007 fiscal period.

The net effect of the adoption of Emerging Issue Committee Recommendation 146 has resulted in the recognition in 2007 of a future tax liability in respect of the issue of flow-through shares of $2,729,600 and a corresponding reduction in shareholder equity.  The future income tax liability (net of future tax assets) was $1,134,000 at December 31, 2006 and therefore increased to $3,863,600 at June 30, 2007.

3.   CRITICAL ACCOUNTING POLICIES AND ESTIMATES

Canadian Zinc’s accounting policies are described in Note 2 to the audited financial statements for the year ended December 31, 2006. The critical accounting policies and judgments that underly estimates that are involved in preparing the Company’s financial statements and the uncertainties that could impact the results of operations, financial condition and future cash flows are described in Management’s Discussion and Analysis for the year ended December 31, 2006.

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4.   SUMMARY OF QUARTERLY RESULTS

	Revenue $	Net Earnings (Loss) $	Net Earnings (Loss) per Common Share  $
2007
Second Quarter	331,102	(171,408)	(0.00)
First Quarter	320,006	(64,468)	(0.00)
2006
Fourth Quarter	304,193	(966,375)	(0.02)
Third Quarter	237,104	(38,749)	(0.00)
Second Quarter	225,490	(326,146)	(0.00)
First Quarter	181,361	(155,146)	(0.00)
2005
Fourth Quarter	119,509	(133,163)	(0.01)
Third Quarter	80,686	(87,923)	(0.00)
Second Quarter	75,812	(159,896)	(0.00)
First Quarter	53,108	(1,586,330)	(0.02)

The higher losses in the fourth quarter of 2006 and the first quarter of 2005 are attributed to a non-cash expense in respect of stock based compensation on the issue during those quarters of stock options to directors and employees.

5.   LIQUIDITY AND CAPITAL RESOURCES

Cash Flow

Canadian Zinc does not generate any cash flow and has no income other than interest income.  The Company relies on equity financings for its working capital requirements and to fund its planned exploration, development and permitting activities.  Interest income in the first half of 2007 was $651,108, compared to $406,851 in the first half of 2006.

Source of Cash - Financing Activities

During the first half of 2007, the Company generated $413,739 from the exercise of stock options and warrants.  In the first half of 2006 cash flow from financing activities was $9,693,107 from the issue of Units and the exercise of stock options.

Use of Cash – Investing Activities

In the first half of 2007 cash used in operating activities was $108,955 which largely represents corporate and operating expenses (net of interest income), whilst cash used in investing activities was $4,048,438 in exploration and development made on the Prairie Creek Property, $31,632 on the purchase of equipment and $30,000 in payment of a security deposit for the performance of abandonment and reclamation obligations. Details of the Company’s deferred exploration and development costs are included in Note 3 to the financial statements and show the major components of expenditure.

In the first half of 2006 cash used in operating activities was $287,637, again largely representing corporate and operating expenses, whilst cash used in investing activities was $1,556,984 in exploration and development on the Prairie Creek Property and $205,000 in payments on security deposits.

Liquidity, Financial Condition and Capital Resources

In the first half of 2007, Canadian Zinc’s cash, cash equivalents and short term investments decreased from $29,087,082 at December 31, 2006 to $25,950,039 at June 30, 2007.  The Company’s working capital as at June 30, 2007 decreased to $25,211,875 from $29,142,161 at December 31, 2006.  The decrease in each case was mainly attributable to the funds being used for the Prairie Creek exploration program.  Subsequent to the end of the period the Company completed a private placement financing to raise $10 million.  The Company is in a strong financial position to carry out its planned exploration, development and permitting activities.  Canadian Zinc is in a debt free position and has no off balance sheet financing structures in place.

At June 30, 2007 the Company had 108,442,950 common shares outstanding, with an authorized capital of unlimited common shares with no par value, compared to 107,590,212 common shares outstanding at December 31, 2006.  At August 9, 2007 the Company had 120,207,950 common shares outstanding.

At June 30, 2007 the Company also had 11,692,755 share purchase warrants outstanding exercisable at prices of $0.72, $0.93, $1.00 and $1.15 per share and with expiring dates of January 30, 2008 and November 23, 2008.  At August 9, 2007 an additional 5,882,500 share purchase warrants exercisable at $1.20 per share to July 23, 2009 were outstanding.

In the first half of 2007, stock options of a total of 550,000 shares were exercised and 60,000 shares were cancelled under the Company’s Stock Option Plan, leaving 4,170,000 options outstanding exercisable at prices of $0.60, $0.89 and $0.90 per share and with expiring dates of January 14, 2010, June 27, 2011 and December 13, 2011.  Each option entitles the holder to acquire one common share.

6.   RISKS AND UNCERTAINTIES

In conducting its business, Canadian Zinc faces a number of risks and uncertainties.  These are described in detail under the heading “Risk Factors” in the Company’s Annual Information Form for the year 2006, dated March 30, 2007, which is filed on SEDAR and which may be found at www.SEDAR.com and which is incorporated herein by reference.  The principal risks and uncertainties faced by the Company are summarized in Management’s Discussion and Analysis for the year ended December 31, 2006.

7.           OUTLOOK

Canadian Zinc is currently in an exploration and development phase.  At August 9, 2007 the Company held cash and short-term investments of approximately $35 million placing the Company in a strong financial position to carry out its planned exploration, development and permitting activities.

A budget of $9.0 million has been approved for the planned Prairie Creek programs for 2007.  Plans for the remainder of 2007 include continuing the Company’s ongoing underground exploration and infill drilling programme, as well as a helicopter supported diamond drill exploration program on the Prairie Creek property outside the immediate currently known resource area.  At the same time, ongoing technical studies will continue along with permitting activities to advance the project towards commercial production.  Once preliminary permitting requirements are completed, the applications for the Land Use Permit and Water Licence for the commercial operation of the Prairie Creek Mine will be filed during the year.

CAUTIONARY NOTE - Forward Looking Information:

Some of the statements contained in this document are forward-looking statements, such as estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur.  Forward-looking statements may be identified by such terms as “believes”,  “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”).  Such forward-looking statements are made pursuant to the safe harbour provisions of the United States Private Securities Litigation Reform Act of 1995.  Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties.  Actual results relating to, among other things, mineral reserves, mineral resources, results of exploration, reclamation and other post-closure costs, capital costs, mine production costs and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements by reason of factors such as changes in general economic conditions and conditions in the financial markets, changes in demand and prices for the minerals the Company expects to produce delays in obtaining permits, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments in areas in which the Company operates, technological and operational difficulties encountered in connection with the Company’s activities, labour relations matters, costs and changing foreign exchange rates and other matters discussed under “Management’s Discussion and Analysis of Financial Condition and Results of Operations”.  Other delays in factors that may cause actual results to vary materially include, but are not limited to, the receipt of permits or approvals, changes in commodity and power prices, changes in interest and currency exchange rates, geological and metallurgical assumptions (including with respect to the size, grade and  recoverability of mineral resources) unanticipated operational difficulties (including failure with plant, equipment or processes to operate in accordance with  specifications or expectations) cost escalation, unavailability of materials and equipment, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters, political risk, social unrest, and changes in general economic conditions or conditions in the financial markets.  Mineral resources that are not mineral reserves do not have demonstrated economic viability.  Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves.  There is no certainty that mineral resources will be converted into mineral reserves. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements.  The Company does not currently hold a permit for the operation of the Prairie Creek Mine.  These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. Further information regarding these and other factors which may cause results to differ materially from those projected in forward-looking statements are included in the filings by the Company with securities regulatory authorities. The Company does not undertake to update any forward-looking statements that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

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EX-99.2

PRESS RELEASE

  CZN-TSX CZICF-OTCBB     July 24, 2007

Sprott Asset Management acquires 9.8% of Canadian Zinc Corporation

$10 Million Financing Closed

Toronto - July 24, 2007 - Canadian Zinc Corporation (“TSX:CZN”) is pleased to report that it has closed the previously announced private placement financing with Sprott Asset Management Inc. for 11,765,000 Units at a price of $0.85 per Unit for total proceeds of $10,000,250.  Each Unit consists of one common share and one-half share purchase warrant, each full warrant exercisable at a price of $1.20 per share for two years.

As a result of this transaction Sprott Asset Management on behalf of accounts managed by Sprott now owns 11,765,000 shares representing approximately 9.8% of the Canadian Zinc’s outstanding shares. Sprott has stated that the securities are being held for investment purposes and depending on market and other conditions, Sprott may from time to time in the future increase or decrease its ownership, control or direction over the shares of Canadian Zinc Corporation, through market transactions, private agreements or otherwise.

At June 30, 2007 Canadian Zinc had approximately $25 million in cash, which following the closing this financing has now been increased to approximately $35 million.  The funds will be used for the ongoing surface exploration and underground definition drilling programs on Canadian Zinc’s Prairie Creek property.

Canadian Zinc has 120,207,950 shares outstanding and is listed on the Toronto Stock Exchange under the symbol “CZN”.

About Canadian Zinc Corporation:

Canadian Zinc’s 100% owned Prairie Creek (zinc/silver/lead) Project, located in the Northwest Territories, includes a partially developed underground mine with an existing 1,000 ton per day mill and related infrastructure and equipment. The Prairie Creek Property hosts a major mineral deposit containing a historically estimated resource of 3.6 million tonnes (measured and indicated) grading 11.8% zinc; 9.7% lead; 0.3% copper and 141.5 grams silver per tonne and 8.3 million tonnes (inferred) grading 12.8% zinc; 10.5% lead and 0.5% copper and 169.2 grams silver per tonne, with significant exploration potential. The deposit contains an estimated, in situ 3 billion pounds of zinc, 2.2 billion pounds of lead and approximately 70 million ounces of silver.

Cautionary Statement - Forward Looking Information:

This press release contains certain forward-looking information.  This forward looking information includes, or may be based upon, estimates, forecasts, and statements as to management’s expectations with respect to, among other things, the issue of permits,  the size and quality of the company’s mineral resources, future trends for the company, progress in development of mineral properties, future production and sales volumes, capital and mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, the outcome of legal proceedings and the financial results of the company.The Company does not currently hold a permit for the operation of the Prairie Creek Mine.  Mineral resources that are not mineral reserves do not have demonstrated economic viability.  Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves.  There is no certainty that mineral resources will be converted into mineral reserves.

For further information contact:

John F. Kearney	Alan B. Taylor
Chairman	VP Exploration & Chief Operating Officer
(416) 362- 6686	(604) 688- 2001
Suite 1002 – 111 Richmond Street West Toronto, ON   M5H 2G4 Tel:  (416 ) 362-6686     Fax:  (416) 368-5344	Suite 1710-650 West Georgia Street, Vancouver, BC  V6B 4N9  Tel: (604) 688-2001     Fax: (604) 688-2043 Tollfree:1-866-688-2001

E-mail: invest@canadianzinc.com      Website: www.canadianzinc.com

EX-99.3

PRESS RELEASE

  CZN-TSX CZICF-OTCBB     August 8, 2007

Nahanni National Park Reserve Expansion – Canadian Zinc’s Rights Respected

Toronto – August 8, 2007 - Canadian Zinc Corporation (“TSX:CZN”) reports that it has  been assured by the Government of Canada  that in the proposed expansion of the Nahanni National Park Reserve the existing mining and access rights of Canadian Zinc with regard to its Prairie Creek mine will be respected and protected.

The proposed expansion of Nahanni National Park Reserve was announced by Prime Minister Stephen Harper in Ft. Simpson, NWT today.  Canadian Zinc has been involved in co-operative discussions with Parks Canada with regard to the plans for Nahanni National Park Reserve.  The Prairie Creek mine is not included in the interim land withdrawal area.

John Kearney, Chairman and CEO of Canadian Zinc welcomed the Prime Minister’s announcement on the proposed expansion and anticipates that this initiative will bring clarity to the different policy objectives for the area:  “Canadian Zinc believes that the Prairie Creek mine and the expanded Nahanni National Park Reserve can coexist and that properly planned and managed the expanded Park will not interfere with the operation of the Prairie Creek mine and similarly that the operation of the mine will not adversely impact upon the Park or its ecological integrity.” said John Kearney.

Parks Canada has been on record for many years as wishing to expand the current boundaries of Nahanni National Park Reserve in order to protect the ecological integrity of the Park including the Canadian Heritage South Nahanni River.  In 2005 the Geological Survey of Canada undertook a mineral and energy resource assessment (MERA Study) to evaluate the mineral potential of the proposed expansion area.  The results of that study have not yet been made public.

The boundaries of the proposed expanded Park have not yet been finalized and the final boundaries will be determined by the Government of Canada following publication of the MERA Study and consultation with local communities, other stakeholders and Canadians. Canadian Zinc has been assured by Parks Canada that the final boundaries will not include the site of or the access road to the Prairie Creek mine.  Canadian Zinc looks forward to actively participating in the consultation process.

Both the interim land withdrawal and the proposed expansion of Nahanni National Park Reserve are directly linked to the Deh Cho First Nations treaty negotiations with the Government of Canada.

Development of the Prairie Creek mine has the support of a great majority of the peoples of the Deh Cho who are badly in need of the jobs, training and business opportunities that the mine will provide, while at the same time being committed to appropriate protection of their traditional lands.

About Canadian Zinc Corporation:

Canadian Zinc’s 100% owned Prairie Creek (zinc/silver/lead) Project, located in the Northwest Territories, includes a partially developed underground mine with an existing 1,000 ton per day mill and related infrastructure and equipment. The Prairie Creek Property hosts a major mineral deposit containing a historically estimated resource of 3.6 million tonnes (measured and indicated) grading 11.8% zinc; 9.7% lead; 0.3% copper and 141.5 grams silver per tonne and 8.3 million tonnes (inferred) grading 12.8% zinc; 10.5% lead and 0.5% copper and 169.2 grams silver per tonne, with significant exploration potential. The deposit contains an estimated, in situ 3 billion pounds of zinc, 2.2 billion pounds of lead and approximately 70 million ounces of silver.

Cautionary Statement - Forward Looking Information:

This press release contains certain forward-looking information.  This forward looking information includes, or may be based upon, estimates, forecasts, and statements as to management’s expectations with respect to, among other things, the issue of permits,  the size and quality of the company’s mineral resources, future trends for the company, progress in development of mineral properties, future production and sales volumes, capital and mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, the outcome of legal proceedings and the financial results of the company.The Company does not currently hold a permit for the operation of the Prairie Creek Mine.  Mineral resources that are not mineral reserves do not have demonstrated economic viability.  Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves.  There is no certainty that mineral resources will be converted into mineral reserves.

For further information contact:

John F. Kearney	Alan B. Taylor
Chairman	VP Exploration & Chief Operating Officer
(416) 362- 6686	(604) 688- 2001
Suite 1002 – 111 Richmond Street West Toronto, ON   M5H 2G4 Tel:  (416 ) 362-6686     Fax:  (416) 368-5344	Suite 1710-650 West Georgia Street, Vancouver, BC  V6B 4N9  Tel: (604) 688-2001     Fax: (604) 688-2043 Tollfree:1-866-688-2001

E-mail: invest@canadianzinc.com      Website: www.canadianzinc.com

EX-99.4

PRESS RELEASE

  CZN-TSX CZICF-OTCBB     August 14, 2007

CANADIAN ZINC REPORTS SECOND QUARTER 2007 RESULTS

UNDERGROUND EXPLORATION CONTINUES AT PRAIRIE CREEK MINE

$35 MILLION CASH POSITION

Vancouver – August 14, 2007 -- Canadian Zinc Corporation (“TSX-CZN”) reports filing of its unaudited financial statements for the period ended June 30, 2007.  The Company reported a net loss for the second quarter of $171,408 compared to a loss of $326,146 in the second quarter of 2006.  For the first half of 2007 the Company reported a loss of $235,876 compared to a loss of $481,292 in the first half of 2006.

During the first half of 2007 the Company invested approximately $4 million in exploration and development on the Prairie Creek property.  Subsequent to the end of the period the Company raised $10 million in a private placement financing.  As at August 10, 2007 Canadian Zinc had cash and short term investments of approximately $35 million placing the Company in a very strong financial position.

This press release should be read in conjunction with the unaudited financial statements and notes thereto, and Management’s Discussion & Analysis for the quarter ended June 30, 2007 available on SEDAR at www.sedar.com

Progress at Prairie Creek

The Company’s principal focus is its efforts to advance the Prairie Creek project towards production. During the first half of 2007 the Company invested $4,048,438 on the Prairie Creek project, principally on underground exploration drilling.  The 2007 program, which ran successfully throughout the winter months, included the continuation of underground drilling program which commenced in 2006.  Underground drilling was carried out from drill stations at 50 meter intervals along a new 400 meter internal decline alongside the main vein that is advancing to the north.  As of June 30, 2007, 41 drill holes totaling 8,217 meters of drilling from six drill stations had been completed with encouraging results. (See press releases dated January 9, 2007, March 5, 2007, March 22, 2007, April 24, 2007, June 4, 2007, July 5, 2007).

The following are selected highlights:

Hole Number	Estimated True Thickness and Grade
PCU-07-022	4.92 metres @ 15.44% Pb;19.75%  Zn and 282  g/t Ag
PCU-07-032	4.89 metres @ 25.83% Pb;  9.13%  Zn and 561  g/t Ag
PCU-07-040	5.17 metres @ 24.35% Pb;  7.72%  Zn and 242  g/t Ag

The Phase One underground drilling program is now complete and the results, which will increase confidence in tonnage and grade, will be incorporated into a new mineral resource estimation report (NI 43-101 standard).  Minefill Services Inc. has been commissioned to prepare the report.

In Phase Two of the 2007 underground exploration programme, the decline tunnel is being extended within the hanging wall of the vein a further 250 metres to establish an additional five drill stations.  In preparation for this decline extension underground ventilation, electrical, ground support and equipment were upgraded.  Mining of the decline extension recommenced in mid July 2007, with underground drilling of the next five sections expected to start again in September.

Concurrent with the underground exploration program, the Company initiated a helicopter portable surface drilling program.  This drill program was designed to further evaluate surface geochemical anomalies found in soils on the Gate Claims, which have never been drilled, and to further explore mineralized zones along the strike of mine mineralization, which have only received limited amount of drilling (See press release July 12, 2007).  These historically known mineral zones extend over a strike length of 16 kilometres and have returned significant zinc, lead and silver values, including last year’s drill hole PC06-167 on Zone 8, located approximately five kilometres south of the Prairie Creek mine site, that recorded 2.7 metres of 18.36% lead, 14.88% zinc, and 297 gpt silver.

Continued progress was made on permitting at Prairie Creek.  On April 10, 2007, the Mackenzie Valley Land and Water Board issued Land Use Permit MV2003F0028 to operate a winter road from the Prairie Creek mine site to the Liard Highway.  The permit is valid for a period of five years to April 10, 2012.

Alan Taylor, P.Geo., Chief Operating Officer & Vice President Exploration and a Director of Canadian Zinc Corporation, is responsible for the exploration program, and is a Qualified Person for the purposes of National Instrument 43-101 and has approved this press release.

Outlook

A budget of $9.0 million has been approved for the planned Prairie Creek programs for 2007.  Plans for the remainder of 2007 include continuing the Company’s ongoing underground exploration and infill drilling programme, as well as a helicopter supported diamond drill exploration program on the Prairie Creek property outside the immediate currently known resource area.  At the same time, ongoing technical studies will continue along with permitting activities to advance the project towards commercial production.  Once preliminary permitting requirements are completed the applications for the Land Use Permit and Water Licence for the commercial operation of the Prairie Creek Mine will be filed during the year.

About Canadian Zinc Corporation

Canadian Zinc’s 100% owned Prairie Creek (zinc/silver/lead) Project, located in the Northwest Territories, includes a partially developed underground mine with an existing 1,000 ton per day mill and related infrastructure and equipment. The Prairie Creek Property hosts a major mineral deposit containing a historically estimated resource of 3.6 million tonnes (measured and indicated) grading 11.8% zinc; 9.7% lead; 0.3% copper and 141.5 grams silver per tonne and 8.3 million tonnes (inferred) grading 12.8% zinc; 10.5% lead and 0.5% copper and 169.2 grams silver per tonne, with significant exploration potential. The deposit contains an estimated, in situ 3 billion pounds of zinc, 2.2 billion pounds of lead and approximately 70 million ounces of silver.

Canadian Zinc has 120,207,950 shares outstanding and is listed on the Toronto Stock Exchange under the symbol “CZN”.

Cautionary Statement - Forward Looking Information

This press release contains certain forward-looking information.  This forward looking information includes, or may be based upon, estimates, forecasts, and statements as to management’s expectations with respect to, among other things, the issue of permits,  the size and quality of the company’s mineral resources, future trends for the company, progress in development of mineral properties, future production and sales volumes, capital and mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, the outcome of legal proceedings and the financial results of the company.The Company does not currently hold a permit for the operation of the Prairie Creek Mine.  Mineral resources that are not mineral reserves do not have demonstrated economic viability.  Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves.  There is no certainty that mineral resources will be converted into mineral reserves.

For further information contact:

John F. Kearney	Alan B. Taylor
Chairman	VP Exploration & Chief Operating Officer
(416) 362- 6686	(604) 688- 2001
Suite 1002 – 111 Richmond Street West Toronto, ON   M5H 2G4 Tel:  (416 ) 362-6686     Fax:  (416) 368-5344	Suite 1710-650 West Georgia Street, Vancouver, BC  V6B 4N9  Tel: (604) 688-2001     Fax: (604) 688-2043 Tollfree:1-866-688-2001

E-mail: invest@canadianzinc.com      Website: www.canadianzinc.com

EX-99.5

PRESS RELEASE

FOR IMMEDIATE RELEASE

CZN - TSX : CZICF - OTCBB

Sprott Asset Management Controls  15.6% of Canadian Zinc Corporation

Toronto – August 21, 2007 - Canadian Zinc Corporation (“TSX:CZN”) reports that Sprott Asset Management Inc. (“Sprott”) has on August 10, 2007 filed an Initial Report under National Instrument 62-103 disclosing that as at July 31, 2007, Sprott exercised control or direction, on behalf of accounts fully managed by it, over 13,191,833 common shares and 6,542,500 warrants (the “Warrants”) of Canadian Zinc Corporation.  Based on the number of currently issued and outstanding common shares, and assuming the exercise of the Warrants, Sprott exercises control or direction over 15.6% of the issued and outstanding shares of Canadian Zinc.

Sprott’s managed accounts holding the shares and Warrants include: Sprott Canadian Equity Fund; Sprott Bull/Bear RSP Fund; Sprott Hedge Fund L.P.; Sprott Hedge Fund L.P. II; Sprott Master Fund, Ltd., and the Sprott Managed Accounts.

As previously announced, Canadian Zinc recently completed a private placement financing with Sprott for $10,000,250 by the issue of 11,765,000 Units at a price of $0.85 per Unit comprising 11,765,000 common shares and 5,882,500 share purchase warrants, each warrant exercisable at a price of $1.20 per share for a period of two years until July 24, 2009.  (See CZN press release July 24, 2007)

In its filing Sprott has stated that it exercises control or direction over all of the common shares and Warrants referred to above in its capacity as portfolio manager of managed accounts and that the securities are being held for investment purposes and depending on market and other conditions, Sprott may from time to time in the future increase or decrease its ownership, control or direction over the shares of Canadian Zinc, through market transactions, private agreements or otherwise.

About Canadian Zinc Corporation:

Canadian Zinc’s 100% owned Prairie Creek (zinc/silver/lead) Project, located in the Northwest Territories, includes a partially developed underground mine with an existing 1,000 ton per day mill and related infrastructure and equipment. The Prairie Creek Property hosts a major mineral deposit containing a historically estimated resource of 3.6 million tonnes (measured and indicated) grading 11.8% zinc; 9.7% lead; 0.3% copper and 141.5 grams silver per tonne and 8.3 million tonnes (inferred) grading 12.8% zinc; 10.5% lead and 0.5% copper and 169.2 grams silver per tonne, with significant exploration potential. The deposit contains an estimated, in situ 3 billion pounds of zinc, 2.2 billion pounds of lead and approximately 70 million ounces of silver.

Canadian Zinc has 120,207,950 shares outstanding and is listed on the Toronto Stock Exchange under the symbol “CZN”.

Cautionary Statement – Forward Looking Information:

This press release contains forward-looking information.  This forward-looking information includes, or may be based upon, estimates, forecasts, and statements as to management’s expectations with respect to, among other things, the issue of permits, the size and quality of the company’s mineral resources, future trends for the company, progress in development of mineral properties, future production and sales volumes, capital and mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, the outcome of legal proceedings and the financial results of the company.  The Company does not currently hold a permit for the operation of the Prairie Creek Mine.  Mineral resources that are not mineral reserves do not have demonstrated economic viability.  Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves.  There is no certainty that mineral resources will be converted into mineral reserves.

For further information contact:

John F. Kearney	Alan Taylor
Chairman	VP Exploration & Chief Operating Officer
(416) 362- 6686	(604) 688- 2001
Suite 1002 – 111 Richmond Street West Toronto, ON   M5H 2G4 Tel:  (416 ) 362-6686     Fax:  (416) 368-5344	Suite 1710-650 West Georgia Street, Vancouver, BC  V6B 4N9 Tel: (604) 688-2001     Fax: (604) 688-2043 Tollfree:1-866-688-2001

E-mail: invest@canadianzinc.com      Website:  www.canadianzinc.com