Zazu Metals Corporation

Zazu Metals Corporation

May 13, 2008 09:01 ET

Zazu Receives Permit for Drill Program at LIK Zinc-Lead-Silver Deposit

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 13, 2008) - Zazu Metals Corporation (TSX:ZAZ)(TSX:ZAZ.WT) ("Zazu") is pleased to announce that it has received the Title 9 Permit from the Northwest Arctic Borough for their 2008 exploration and development program of the 26.7mm tonne (Non-NI 43-101 compliant historical estimate) LIK zinc-lead-silver deposit, 22km from the Red Dog zinc mine of Teck Cominco (Teck) in north western Alaska.

In addition, Zazu has filed for a Miscellaneous Land Use permit from the State of Alaska which it expects to receive shortly. Zazu's 2008 program is planned to commence June 1st.

During the 2008 field season, Zazu intends to:

1. Receive a fully compliant NI 43-101 current resource for the LIK South deposit based on 26,000 meters of drilling already completed and up to 10,000 meters planned for 2008.

2. Complete geophysical programs to identify extensions to the resource, especially in the North LIK area.

3. Complete metallurgical testing and commence design of a preliminary flow sheet.

4. Continue and expand environmental studies supporting the mine permitting process by Travis Peterson Environmental.

To achieve these goals Zazu purchased a second drill rig that has already been delivered to Anchorage. Zazu secured a helicopter for the entire field season to enable rapid drill deployment and relocation of this second drill, maximizing productivity. The drill program will be supervised by Joe Britton, Zazu's Vice President of Exploration. Results will be monitored by Neil Gow, P.Geo. , of Scott Wilson Roscoe Postle Associates Inc. of Toronto, Ontario. The majority of the drill holes will be in-fill, with some step out holes and testing at depth in the southern portion of the LIK deposit.

In 2009, Zazu plans to complement this year's work with both regional and localized IP surveys to identify further exploration targets.

The historical mineral resource at the LIK deposit is 26.7mm tonnes grading 9.16% zinc, 3.15% lead and 49g/t silver represents one of the largest undeveloped zinc deposits in the world. These historical estimates predate NI 43-101 are thought to be reliable at current drilling density and are considered to be relevant as they provide an estimate of the approximate size of the LIK deposit. They should not be relied upon until further work is carried out.

Teck is a 50% joint venture partner in the LIK deposit, however Zazu has the exclusive right to obtain 80% of the property by meeting certain spending commitments by 2018.

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 is a Canadian-based exploration company focused on acquiring and developing base metal properties in North America. Zazu's principal asset is its 50% joint venture interest with Teck Cominco in the LIK zinc-lead-silver deposit in north western Alaska. At present, Zazu has over $9.0 million in cash and short- term investments, more than sufficient to fund the 2008 work program. Additional information about Zazu is available on its website at

Additional information about the property is on the Teck website: Zazu is not responsible for the content, accuracy or timeliness of material contained on the Teck website.


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.

Contact Information