Yukon Zinc Announces Extension of Barclays US$140 Million Senior Debt Facility

Yukon Zinc Corporation (TSX VENTURE:YZC) is pleased to announce that Barclays
Capital ("Barclays") has extended the current US$140 Million senior debt
facility ("the Facility") commitment to June 30, 2008. This Facility forms the
lead portion of project financing for the Wolverine Project located in southeast
Yukon, Canada. The original debt commitment, and the extension of the commitment
are subject to standard conditions, including a review of any capital cost
changes and loan pricing in the context of the debt markets. Barclays Capital is
the Investment Banking division of Barclays Bank PLC and one of the leading
providers of finance to the mining sector.


"The extension of Barclays' commitment in the midst of the current uncertain
financial markets again confirms the fundamental merits of the Wolverine Project
and confidence in the development team", said Dr. Harlan Meade, Yukon Zinc
President and CEO, "meanwhile the Company continues its discussions with
industry and other groups interested, directly or indirectly, in providing the
required equity to fully finance Wolverine."


Senior Debt Facility

The term sheet for the Facility provides for up to US$140 million that will be
available to the Company following completion of loan and security documentation
as well as satisfaction of various conditions precedent. This loan has a term of
7.5 years and will be secured against the assets of the project. The initial
financing commitment followed an extensive due diligence review by Barclays'
Independent Engineers, Pincock Allen and Holt, of the Optimized Feasibility
Study completed by Wardrop Engineering in early 2007.


This news release contains forward-looking statements based on assumptions and
judgments of management regarding future events or results that may prove to be
inaccurate as a result of failure to complete the proposed financing, failure to
obtain necessary regulatory or shareholder approvals, and other risk factors
beyond its control and actual results may differ materially from the expected
results.


12G: 82-4603

Yukon Zinc Corp Com Npv (TSXV:YZC)
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