Constantine Metal Resources Ltd.
Drilling at Palmer Project to Start Up Mid-July Munro-Croesus Closing Delayed
July 2, 2007
White Rock, B.C. – Constantine Metal Resources Ltd. (TSX Venture - CEM) (the “Company”) is pleased to announce the plan to start up diamond drilling on its Palmer massive sulphide project around July 15, 2007. The drill program is planned to initially test low elevation targets at the Cap and Southwall. Prior drilling at the CAP prospect encountered 23.2m (76.1 ft) in Cap-01 of 134 ppm Ag(3.91 oz/t), 0.24% Zn, 0.16% Pb and 90.6m (297.2 ft) in RMC98-01 of 31 ppm Ag(0.90 oz/t), 8.57% Ba that includes 10.9m (35.8 ft) of 62 ppm Ag(1.81 oz/t), 0.19 ppm Au, 0.21% Zn, 16.13% Ba. Only one hole (RMC98-02) has partially tested the Southwall target that ended in mineralization assaying 3.47% Zn over 6.04m (19.8 ft).
The drill will then follow up on the RW zone discovery at Glacier Creek that includes 5.12 meters grading 10.86% Zn, 0.13% Pb, 0.23% Cu, 0.134 g/t Au and 44.4 g/t Ag (1.30 oz/t) in drill hole CMR06-01 and 19.5% zinc over 0.79 metres in CMR06-02. Please visit the Constantine website “www.constantinemetals.com” for additional information.
The scheduled Closing of the Munro-Croesus acquisition is deferred to July 30th, 2007 to allow the parties time to complete closing arrangements.
Garfield MacVeigh, President of the Company and a Qualified Person, has reviewed and approved the technical information contained in this release.
"J. Garfield MacVeigh"
J. Garfield MacVeigh, President
Telephone: (604) 629-2348 or (709) 424-0561
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the information contained herein.
Forward looking statements: Certain disclosures in this release, including management's assessment of Constantine's plans and projects, constitute forwardlooking statements that are subject to numerous risks, uncertainties and other factors relating to Constantine's operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forwardlooking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Constantine expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.