Zazu Metals Corporation

Zazu Metals Corporation

February 26, 2008 08:30 ET

Zazu Metals to Prepare Current Lik Resource to Meet NI 43-101 Standards

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 26, 2008) - Zazu Metals Corporation (TSX:ZAZ)(TSX:ZAZ.WT) (the "Company") is pleased to announce that the Company is retaining Scott Wilson Roscoe Postle Associates Inc. ("Scott Wilson RPA") of Toronto, Ontario, Canada to prepare a current mineral resource estimate and an accompanying NI 43-101 Technical Report on the Lik zinc-lead-silver deposit in northwestern Alaska. The Lik deposit, located in the Red Dog camp, is one of the largest of its kind. The amended Scott Wilson RPA report of November 30, 2007 disclosed the presence of a historical resource of 22.7 million tonnes grading 8.8% zinc, 3% lead and 41 g/t silver in the Lik South deposit. This historical resource indicates the magnitude of the potential mineralization on the property. As discussed below, the deposit received a significant amount of drill testing. Core from the previous drilling campaigns is available.

Scott Wilson RPA will incorporate results from the Company's 2007 diamond drill program, which consisted of 11 holes comprising approximately 4,600 feet (1,400 metres) with the historical drilling of 135 drill holes comprising 86,000 feet (26,200 metres) in order to prepare a current resource estimate. Scott Wilson RPA's technical report will also include information based on different cut-off grades, assumed operating costs, metal recoveries, smelter and transportation costs, and long-term metal price assumptions.

Zazu is the operator at Lik and holds a 50/50 joint venture with Teck Cominco Limited. Zazu has the exclusive right to dilute Teck Cominco to a 20 per cent interest in the Lik deposit by incurring certain expenditures prior to 2018. During the 2008 field season, Zazu plans to complete up to 30,000 feet (10,000 metres) of additional diamond drilling together with geophysical surveys and intensive environmental studies that commenced in 2007.

This news release was reviewed by Mr. Neil N. Gow, P.Geo., an Associate Consulting Geologist with Scott Wilson RPA, who is a qualified person as defined by National Instrument 43-101.

About Zazu Metals Corporation

Zazu Metals Corporation is a Canadian-based exploration company focused on acquiring and developing base metal properties in North America. Zazu currently has in excess of $9.5 million which is more than sufficient working capital to accomplish its current and future planned work programs. Additional information about the company can be found on the Company's website at


Michael A. Steeves, President and COO

Some of the statements contained in this news release 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. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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