CEM Constantine Metal Resources Ltd

Editor's Note: There is a video and a photo associated with this release.

Constantine Metal Resources Ltd. (TSX VENTURE:CEM) ("Constantine" or the
"Company") is pleased to announce the discovery of gold mineralization on
Constantine's 100% owned Horseshoe claims that are part of the Munro Croesus
property. The new gold showing area, referred to as the "Horseshoe Zone", has
been recently identified by Constantine and is located immediately west and
adjacent to Lake Shore Gold's 2.1 million ounce Fenn-Gib deposit. The Horseshoe
Zone is exposed in an area of very limited outcrop and as currently defined
consists of several small isolated outcrops protruding through muskeg over an
approximately 75 meter long (north-south) by 55 meter wide (east-west) area.
Outcrops are pervasively gold mineralized and silica-pyrite+/-albite+/-magnetite
altered. The character of the alteration and mineralization are strikingly
similar to that described in the 43-101 technical report for the neighbouring
Fenn-Gib deposit and may represent a western extension or satellite zone to the
deposit, which is described by Lake Shore Gold as open to the west and drilled
to within a few hundred meters of Constantine claims. Similarities with the
Fenn-Gib deposit include the bulk-tonnage tenor of the gold mineralization (0.5
to 1.5 grams per tonne gold), an approximately 1:1 gold to silver ratio and gold
primarily associated with disseminated pyrite in altered variolitic volcanics.
Nine representative character samples collected by Constantine range from 0.14
to 1.27 grams per tonne gold. The mineralization is located on the Horseshoe
claims, a block of 8 claim units (129 hectares) that are excluded from the Teck
property rights agreements, and are 100% owned and controlled by Constantine.
Stripping and channel sampling is being planned to better characterize the
extent and grade continuity of this significant new gold occurrence. 


The Horseshoe Zone is located in proximity to Pipestone fault, an important
structure known to control gold mineralization at several gold deposits within
the region, including the neighbouring 2.1 million ounce Fenn-Gib gold deposit.
Constantine's Munro-Croesus project area covers an approximately seven kilometer
length of this key structural corridor. Please refer to the updated website maps
at www.constantinemetals.com.


About the Company 

Constantine is a gold and copper exploration company that has multiple active
projects located in premier North American exploration environments. These are
highlighted by: (1) the 100% owned Palmer Project, located in a very accessible
part of southeast Alaska, that is host to a NI 43-101 compliant 4.12 million
tonne inferred resource grading 2.01% copper, 4.79% zinc, 0.30 g/t gold and 31
g/t silver (using an NSR cut-off of US$75/t; see news release dated January 20,
2010); (2) the 100% owned Timmins area Munro-Croesus Project a past-producing
mine property that yielded some of the highest grade gold ever mined in Ontario
and includes strategically located claims immediately along trend from the 2.1
million ounce Fenn-Gib gold deposit; (3) the 50/50 Joint Venture with Carlin
Gold exploring an approximately 800 sq. km land position in an emerging new
Carlin-type gold district in Yukon; and (4) the Trapper Gold Project in northern
British Columbia that is optioned to Ocean Park Ventures Ltd. who carried out an
8,500 meter drill program on the property in 2011. Please visit the Company's
website (www.constantinemetals.com) for more detailed company and project
information.


On Behalf of Constantine Metal Resources Ltd.

Garfield MacVeigh, President

Notes:

Samples of rock (usually 1-2kg) were broken with a rock hammer and placed in
individual sealed polyurethane bags and were delivered directly, by Constantine
personnel, to the AcmeLabs prep lab in Timmins Ontario in sealed woven plastic
bags. Prepared pulps were shipped by AcmeLabs to their East Vancouver Lab where
gold was determined by fire-assay fusion of a 30 g sub-sample by ICP. Overlimit
gold assays were analyzed using lead collection fire-assay fusion with a
gravimetric finish. All samples were analyzed for multi-element
inductively-coupled plasma (ICP) atomic emission spectroscopy, following
multi-acid digestion.


Darwin Green, P.Geo, Vice President for Constantine Metal Resources Ltd. and a
qualified person as defined by Canadian National Instrument 43-101, has reviewed
and approved the technical information contained in this release.


Forward-looking statements: This news release includes certain "forward-looking
information" within the meaning of Canadian securities legislation and
"forward-looking statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 (collectively "forward-looking
statements"). Forward-looking statements include predictions, projections and
forecasts and are often, but not always, identified by the use of words such as
"seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect",
"potential", "project", "target", "schedule", budget" and "intend" and
statements that an event or result "may", "will", "should", "could" or "might"
occur or be achieved and other similar expressions and includes the negatives
thereof. All statements other than statements of historical fact included in
this release, are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially from those
anticipated in such statements. Forward-looking statements are based on a number
of material factors and assumptions. Important factors that could cause actual
results to differ materially from Company's expectations include actual
exploration results, changes in project parameters as plans continue to be
refined, results of future resource estimates, future metal prices, availability
of capital and financing on acceptable terms, general economic, market or
business conditions, uninsured risks, regulatory changes, defects in title,
availability of personnel, materials and equipment on a timely basis, accidents
or equipment breakdowns, delays in receiving government approvals, unanticipated
environmental impacts on operations and costs to remedy same, and other
exploration or other risks detailed herein and from time to time in the filings
made by the Company with securities regulators. Although the Company has
attempted to identify important factors that could cause actual actions, events
or results to differ from those described in forward-looking statements, there
may be other factors that cause such actions, events or results to differ
materially from those anticipated. There can be no assurance that
forward-looking statements will prove to be accurate and accordingly readers are
cautioned not to place undue reliance on forward-looking statements.


To view the photo associated with this release, please visit the following link:
http://media3.marketwire.com/docs/cem808_F1.pdf.


To view the video associated with this release, please visit the following link:
http://www.youtube.com/watch?v=7TQR715sO9c.

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