Canadian Zinc Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported investment income of CAD 82,000 and net income of CAD 3,265,000 or CAD 0.03 per basic and diluted share compared to investment income of CAD 218,000 and net loss of CAD 1,129,000 or CAD 0.01 loss per basic and diluted share for the same period a year ago. For the quarter, the company reported net cash used in operating activities of CAD 944,000 and investment on plant and equipment of CAD 4,000 compared to net cash generated from operating activities of CAD 56,000 and investment on plant and equipment of CAD 29,000 for the same period a year ago. For the six months, the company reported investment income of CAD 212,000 and net income of CAD 2,968,000 or CAD 0.02 per basic and diluted share compared to investment income of CAD 514,000 and net loss of CAD 1,481,000 or CAD 0.01 loss per basic and diluted share for the same period a year ago. For the quarter, the company reported net cash used in operating activities of CAD 1,730,000 and investment on plant and equipment of CAD 4,000 compared to net cash used in operating activities of CAD 1,720,000 and investment on plant and equipment of CAD 380,000 for the same period a year ago.

Canadian Zinc Corp. reported unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net loss of CAD 1.1 million or CAD 0.01 per basics and diluted share on investment income of CAD 16,000 compared to net loss of CAD 1.6 million or CAD 0.01 per basics and diluted share on investment income of CAD 184,000 for the same quarter a year ago. Net cash used in operating activities was CAD 1.3 million compared to CAD 2 million for the same quarter a year ago. For the nine months, the company reported net income of CAD 1.9 million or CAD 0.02 per basics and diluted share on investment income of CAD 228,000 compared to net loss of CAD 3.2 million or CAD 0.03 per basics and diluted share on investment income of CAD 698,000 for the same period a year ago. Net cash used in operating activities was CAD 3 million compared to CAD 3.7 million for the same period a year ago.

Canadian Zinc Corp. restated unaudited earnings results for the interim periods ended June 30, 2009 and September 30, 2009. The change in accounting policy resulted in certain adjustments which are reported in the companys restated unaudited interim financial statements for the second and third quarters of its fiscal year ended December 31, 2009. As a result of these retroactive adjustments the company has filed amended and restated unaudited interim financial statements and the corresponding MD&A for those periods. The principal effect of the change was to report restated net income for the three and six months ended June 30, 2009 of $3.265 million and $2.968 million, compared to the previously reported net loss of $722,000 and $1.019 million respectively. For the three months ended September 30, 2009 the effect of the change was to report a restated net loss of $1.092 million compared to $2.416 million as previously reported. For the nine months ended September 30, 2009 the effect of the change was to report net income of $1.876 million compared to a net loss of $3.435 million as previously reported.

Canadian Zinc Files Amended and Restated Quarterly Financial Statements

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