May 29th

Zazu\'s Drill Program Permitted at Lik Zinc-Lead-Silver Deposit

Zazu Metals Corporation (TSX: ZAZ) (\"Zazu\") is pleased to announce that it received the remaining permits for the 2008 exploration and development program of the 26.7mm tonne (Non-NI 43-101 compliant historical estimate) Lik zinc-lead-silver deposit, 22 km from the Red Dog zinc mine of Teck Cominco (TSX: TCK.B) (\"Teck\") in northwestern Alaska. The 2008 program is scheduled to begin June 1st as expected. Zazu will be running a two drill rig program to further the development of a NI 43-101 resource.

During the 2008 field season, Zazu intends to:

1. Establish a fully compliant NI 43-101 resource for the Lik South deposit based on 26,000 meters of drilling already completed and up to 10,000 meters planned for 2008. 2. Complete geophysical programs to identify potential extensions to the resource, especially in the North Lik area.

3. Complete metallurgical testing and commence design of a preliminary flow sheet.

4. Continue and expand environmental studies by Travis Peterson Environmental to support future mine permitting processes.

To achieve these goals Zazu purchased a second drill rig that has already been delivered to Anchorage. Zazu secured a helicopter for the entire field season to enable rapid drill deployment and relocation of this second drill, maximizing productivity. The drill program will be managed by Joe Britton, Zazu\'s Vice President of Exploration, and supervised by Neil N. Gow, P.Geo., an Associate Consulting Geologist with Scott Wilson Roscoe Postle Associates Inc. of Toronto, Ontario. The majority of the drill holes will be in-fill, with some step out holes and testing at depth in the southern portion of the Lik deposit.

In 2009, Zazu plans to complement this year\'s work with both regional and localized IP surveys to identify further exploration targets. To date, only a relatively small portion of the Lik property has been subject to detailed exploration.

The historical mineral resource at the Lik deposit is 26.7 million tonnes grading 9.16% zinc, 3.15% lead and 49g/t silver represents one of the largest undeveloped zinc-lead deposits in the world. These historical estimates predate NI 43-101 are thought to be reliable at current drilling density and are considered to be relevant as they provide an estimate of the approximate size of the LIK deposit. They should not be relied upon until further work is carried out.

Teck is a 50% joint venture partner in the Lik deposit, however Zazu has the exclusive right to obtain 80% of the property by meeting certain spending commitments by 2018.

About Zazu Metals Corporation

Zazu is a Canadian-based exploration company focused on acquiring and developing base metal properties in North America. Zazu\'s principal asset is its 50% joint venture interest with Teck Cominco in the Lik zinc-lead-silver deposit in north western Alaska. At present, Zazu has over $9.0 million in cash and short-term investments, more than sufficient to fund the 2008 work program. Additional information about Zazu is available on its website at www.zazumetals.com.

Additional information about the property is on the Teck website: www.teckcominco.com. Zazu is not responsible for the content, accuracy or timeliness of material contained on the Teck Cominco website.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael A. Steeves, President and COO

Some of the statements contained in this news release are forward-looking statements, such as estimates and statements that describe the Company\'s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

Contacts: Zazu Metals Corporation Matthew Ford V.P. of Corporate Development (210) 858-7512 Email: This email address is being protected from spambots. You need JavaScript enabled to view it. Zazu Metals Corporation Michael A. Steeves President & COO (604) 878-9298 (604) 568-9298 (FAX) Email: This email address is being protected from spambots. You need JavaScript enabled to view it. Website: www.zazumetals.com

SOURCE: Zazu Metals Corporation

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