3 January 2017 CZL Completes Rights Issue

Consolidated Zinc Limited (CZL or the Company) is pleased to advise it received a positive response from shareholders to its 1 for 5 non-renounceable entitlement issue (Rights Issue) which closed on 23 December 2016.

CZL received applications from eligible shareholders for approximately 31,436,701 new shares (including applications for additional new shares), which raised $943,101 (before costs) and represented 36% of new shares under the Rights Issue. The Company can elect to place the 54,528,119 shortfall shares within 2 months of the closing date.

Proceeds from the Rights issue will be used for: Resource Definition Drilling and Mine Sustaining Expenditure; Regional Exploration; General working capital; and Costs of the Offer.

New shares will be issued on or before 4 January 2017 and a revised Appendix 3B will lodged detailing the

Company's new capital structure.

Yours faithfully,

Will Dix Managing Director

Level 1, 35 Havelock St, West Perth WA Australia 6005 PO Box 692, West Perth WA Australia 6872 T:+61 8 9322 3406 F: +61 8 9320 7501 E: info@conzinc.com.au

(ASX: CZL) ACN 118 554 359

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Consolidated Zinc Limited published this content on 03 January 2017 and is solely responsible for the information contained herein.
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