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Jinduicheng Molybdenum Group, Ltd. and Northwest Nonferrous International Investment Company, Limited Acquire Yukon Zinc Corporation
Vancouver, BC, July 2, 2008 – Yukon Zinc Corporation (YZC.TSX-V) (Yukon Zinc) is pleased to announce that the acquisition of Yukon Zinc by Jinduicheng Molybdenum Group, Ltd. and Northwest Nonferrous International Investment Company, Limited (collectively, the "Investors") has been completed.
The TSX Venture Exchange halted trading in the common shares of Yukon Zinc at the close of the market on June 26, 2008, and Yukon Zinc's common shares will cease to be listed for trading on the TSX Venture Exchange.
Yukon Zinc intends to file with the applicable Canadian securities regulatory authorities the necessary documentation to cease to be a reporting issuer in all of the jurisdictions in which it is currently a reporting issuer.
Advisors and Counsel
Yukon Zinc's legal counsel and financial advisors are Lang Michener LLP and Paradigm Capital Inc., respectively. The Investors legal and financial advisers are Davies Ward Phillips & Vineberg LLP and BMO Capital Markets, respectively.
About Yukon Zinc
Yukon Zinc is a TSX Venture Exchange listed company based in Vancouver. It is focused on development of its silver-rich Wolverine Project in southeast Yukon and its large exploration land holdings in the Finlayson and Rancheria Districts. A bankable feasibility study was completed for the Wolverine Project by Wardrop Engineering in January 2007 indicating favourable project economics. The Project has all of its main development permits and enjoys strong support from the Yukon Government and its local First Nations communities.
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For more information or for a copy of the early warning report filed by Jinduicheng Xise (Canada) Co., Ltd. in connection herewith contact:
Dr. Harlan Meade, President and CEO or Shae Dalphond Manager, Investor Communications
Telephone: (604) 682-5474
Toll-free: 1-877-682-5474
Facsimile: (604) 682-5404
info@yukonzinc.com www.yukonzinc.com
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OF THIS NEWS RELEASE.
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