Option Acquired On Yuma King Copper-Gold Property

VANCOUVER - Constantine Metal Resources Ltd. has signed a binding letter agreement to acquire an undivided 100% interest in the Yuma King Copper-Gold property consisting of 295 federal mining claims (3905 hectares). The Property represents a portion of the total 495 claim Yuma King property, located in La Paz County Arizona. Constantine retains the right to a 50% interest in any agreement on the remaining 200 claim portion of the Yuma King property subject to certain obligations.

The Property is located 93 miles (153 kilometers) northwest of Phoenix, Arizona and about 20 miles (32 kilometers) southeast of Constantine's previously announced Bouse Cu-Au property acquisition. The principal exploration targets are the Yuma Mine copper-gold skarn mineralization and copper-molybdenum porphyry style mineralization, associated with phases of an early Jurassic porphyry system. An early Jurassic rhenium-osmium molybdenite age date at Yuma King indicates a similar age to the Bisbee porphyry copper and skarn deposit in SE Arizona.