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$550,000 NON-BROKERED FINANCING ANNOUNCED


December 13, 2007

White Rock, B.C. – Constantine Metal Resources Ltd. (TSX Venture- CEM) ("Constantine" or the "Company") is pleased to announce a non-brokered flow-through private placement of up to 1,100,000 of its common shares at a price of $0.50 per share for gross proceeds of up to $550,000. The proceeds from the sale of the flow-through shares will be used to fund exploration work on the Company's Munro-Croesus Gold property in Ontario.

The independent directors of the Company have approved the participation by directors and officers of the Company in the private placement on the same terms as arm's length investors.  The Company is relying upon an exemption from the related party requirements of OSC Rule 61-501.  Shareholdings of insiders in the Company will increase as a result of any such participation.  The private placement is expected to close before twenty-one days following the filing of the material change report respecting this announcement in order to be able to close before year-end. 

The securities being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to U.S. persons without registration or applicable exemption from the registration requirement of such Act. This release does not constitute an offer for sale of such securities in the United States of America.

This financing is subject to the approval of the TSX Venture Exchange.

About Constantine

The Company's Palmer project is a world class base metal exploration opportunity in a very accessible part of southeast Alaska.  Constantine owns 100% of the Munro-Croesus Gold property, including the former Croesus Gold mine, consisting of 22 patented mining claims and leases (416 hectares), located 90 kilometers east of Timmins, Ontario and within the influence of the prolific Porcupine-Destor Deformation zone (PDDZ) that stretches between Timmins Ontario and Val’Dor Quebec.

The Company plans to commence drilling on the Munro-Croesus property in February 2008. Please see news release dated October 30, 2007 for additional information on the project, or visit the Company’s website (www.constantinemetals.com).

"Aris Morfopoulos"
Aris Morfopoulos, Chief Financial Officer
Telephone: (604) 721-2650

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. The news release includes certain “forward-looking statements”. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization, exploration results and future plans and objectives of Constantine 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. Important factors that could cause actual results to differ materially from Constantine’s expectations are exploration risks detailed herein and from time to time in the filings made by Constantine with securities regulators.

Palmer VMS Project Croesus Gold Project Yukon Gold Project Golden Mile Project

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