VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/16/10 -- ReMac Zinc Corp. ("ReMac") (TSX VENTURE: RMZ) is pleased to provide the following update with respect to a proposed reverse takeover transaction with Corazon Exploraciones S.A., ("Corazon") as previously announced by ReMac on June 14, 2010. ReMac and Corazon continue to negotiate the terms of the definitive agreement with respect to the proposed acquisition of all of the issued and outstanding shares of Corazon by ReMac. ReMac will issue a further press release once the parties have entered into the definitive agreement.

Trading of ReMac's common shares on the TSX Venture Exchange (the "Exchange") will remain halted until the Transaction is accepted by, or satisfactory documentation has been filed with, the Exchange pursuant to Section 3.4 of Exchange Policy 5.2.

About Corazon Exploraciones S.A.

Corazon was incorporated in the Republic of Nicaragua in 2010. It is engaged in the acquisition, exploration and development of mineral properties in Nicaragua.

Previous Business of ReMac

ReMac's previous business consisted of the exploration of its zinc project in British Columbia. A geological evaluation of the drilling results was completed and a new digital database of these drill results combined with all historical drill program data has been completed. ReMac's management has determined not to expend further funds on the development of the zinc project at this time due to the lack of availability of acceptable financing following the dramatic decrease in zinc prices.

Completion of the Transaction is subject to a number of conditions, including Exchange acceptance and disinterested shareholder approval. The Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Management Information Circular and/or Filing Statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of ReMac should be considered highly speculative.

ON BEHALF OF THE BOARD

REMAC ZINC CORP.

J. Stephen Barley, President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.