Jinduicheng Molybdenum Group, Ltd. and Northwest Nonferrous International Investment Company, Limited Acquire Yukon Zinc Corpora

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 (collectively,
the "Investors") has been completed.


The TSX Venture Exchange halted trading in the common shares of Yukon Zinc at
the close of the market on June 26, 2008, and Yukon Zinc's common shares will
cease to be listed for trading on the TSX Venture Exchange.


Yukon Zinc intends to file with the applicable Canadian securities regulatory
authorities the necessary documentation to cease to be a reporting issuer in all
of the jurisdictions in which it is currently a reporting issuer.


Advisors and Counsel

Yukon Zinc's legal counsel and financial advisors are Lang Michener LLP and
Paradigm Capital Inc., respectively. The Investors legal and financial advisers
are Davies Ward Phillips & Vineberg LLP and BMO Capital Markets, respectively.


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.


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