Acquisition of Yukon Zinc Corporation by Jinduicheng Molybdenum Group, Ltd. and Northwest Nonferrous International Investment Co

Yukon Zinc Corporation (TSX VENTURE:YZC) ("Yukon Zinc") is pleased to announce
that the acquisition of Yukon Zinc by Jinduicheng Molybdenum Group Ltd. and
Northwest Nonferrous International Investment Company Limited (the "Investors")
by way of a plan of arrangement (the "Arrangement") under the Business
Corporations Act (British Columbia) has been approved by Yukon Zinc's
shareholders and the Supreme Court of British Columbia. Yukon Zinc expects the
Arrangement to be effective on or about July 2, 2008.


The Investors have received all necessary approvals from authorities in the
People's Republic of China in respect of the Arrangement. The Investors have
also received an Advance Ruling Certificate from the Canadian Competition Bureau
in respect of the Arrangement. Given receipt of these approvals, the Arrangement
is not subject to any further regulatory approvals. Trading in the shares of
Yukon Zinc on the TSX Venture Exchange will be halted at the close on June 26,
2008 pending the closing of the Arrangement, which is expected to be on or about
July 2, 2008.


The Investors will acquire Yukon Zinc through their wholly-owned subsidiary
Jinduicheng Xise (Canada) Co., Ltd., which recently changed its corporate name
from YZC Acquisition Corp.


About Yukon Zinc

Yukon Zinc is a TSX Venture Exchange listed company based in Vancouver. It is
focused on development of its silver-rich Wolverine Project in southeast Yukon
and its large exploration land holdings in the Finlayson and Rancheria
Districts. A bankable feasibility study was completed for the Wolverine Project
by Wardrop Engineering in January 2007 indicating favourable project economics.
The Project has all of its main development permits and enjoys strong support
from the Yukon Government and its local First Nations communities.


Cautionary Note Regarding Forward-Looking Statements

This news release contains statements which are, or may be deemed to be,
"forward looking statements", which are prospective in nature. Forward-looking
statements are not based on historical facts, but rather on current expectations
and projections about future events, and are therefore subject to risks and
uncertainties which could cause actual results to differ materially from the
future results expressed or implied by the forward-looking statements. Such
statements are qualified in their entirety by the inherent risks and
uncertainties surrounding future expectations. Readers are cautioned not to put
undue reliance on forward-looking statements.


12G: 82-4603

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