Yukon Zinc Announces Selection of Wolverine Concentrate Buyers

Yukon Zinc Corporation (TSX VENTURE:YZC) is pleased to announce that it has
selected Glencore and MRI Trading AG as the buyers for all of its initial
projected Wolverine concentrates production. "Yukon Zinc is very pleased to have
reached agreements-in-principal with two global leaders in metals concentrate
markets with their excellent worldwide market access. These agreements, once
executed, will provide a secure market for the concentrates from Wolverine and
supports our continuing financing efforts" says Robert McKnight P.Eng., Yukon
Zinc's Vice-President, Corporate Development.


Concentrate purchase contracts with the two buyers have been drafted based on
their proposals.


The key concentrate purchase terms are summarized as follows:

Concentrates:  Zinc, copper and lead concentrates containing significant silver
and gold credits


Buyers:  Glencore and MRI Trading AG

Volume:  100% of the projected Wolverine output of zinc, copper and lead
concentrates, with the associated silver and gold contained within the
concentrates.


Term of Contract:  approx. 5 years of Wolverine production for a period ending
December 31 2013


Concentrate Terms:  competitive for all concentrates; the treatment charges for
the concentrates are based on Asian benchmark with payment factors for primary
and precious metals within industry-standard norms.; penalties for deleterious
elements aggregate less than 2.5% of payable metal returns,


Concentrate Delivery:  Port of Stewart, or other agreed loadout port; FOB mine
site option


Markets:  Primarily Asia, including China and Korea

The concentrate purchase contracts are two of the many contracts covering the
delivery of Wolverine Project construction and operations services. The draft
concentrate purchase contracts will be finalized with completion of project
financing and executed as part of the documentation required for financial close
of the senior debt arranged by Barclays Capital (see August 27, 2007 News
Release).


Wolverine Development Program

Yukon Zinc has an experienced development team in place spanning engineering,
procurement and construction management and commissioning and operations. The
current development plan would see a production decision being made in fall 2007
following completion of project financing. The team has made good progress in
planning for the development of the Wolverine Project as an underground mine and
milling project. Construction management, underground mining and detailed design
engineering contracts have been prepared and strategic agreements have been
formed with major suppliers, Metso Minerals Canada and Finning Canada Ltd to
secure long lead time equipment. Orders have been placed for ball and rod mills,
diesel modular power plant and fabrications slots have been secured for other
major process equipment.


Yukon Zinc recently announced that Barclays Capital has issued a commitment
letter for a US$140 million senior debt financing for the Wolverine Project.
This facility forms the lead portion of the Wolverine project financing and its
availability is subject to the customary conditions precedent, including the
raising of sufficient additional capital to complete the project development.
The Company continues to advance the Wolverine Project as the Yukon's next
significant zinc-silver mine while it works to secure the remaining project
financing.


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 senior debt
financing, failure to obtain the required equity, failure to obtain necessary
regulatory approvals, failure to secure key permits, senior project debt and
equity financing, mine development and operational risks and other risk factors
beyond Yukon Zinc's 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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