Constantine Announces Signing Date for Option and Joint Venture Agreement on Palmer VMS Project With Dowa Metals & Mining

Constantine Metal Resources Ltd. (TSX VENTURE:CEM) ("Constantine" or the
"Company") is pleased to announce that Constantine and Dowa Metals & Mining Co.,
Ltd. have scheduled February 1, 2013 as the signing date for closing of the
Option and Joint Venture Agreement on the Palmer VMS project.


About the Company 

Constantine is a gold and copper exploration company with multiple active
projects located in premier North American mining environments. The Company's
flagship Palmer VMS Project is located in a very accessible part of southeast
Alaska and host to a NI 43-101 compliant 4.75 million tonne inferred resource
grading 1.84% copper, 4.57% zinc, 0.28 g/t gold and 29 g/t silver (using an NSR
cut-off of US$50/t; see news release dated January 20, 2010) that is open to
expansion. Other major projects include; (1) 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;
(2) the large Golden Mile property in the Timmins gold camp that is optioned to
Teck Resources Ltd. who can earn up to 66% by spending $5M; (3) the 50/50 Joint
Venture with Carlin Gold Corporation 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:

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, including, without limitation, statements regarding the expected.
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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Constantine Metal Resources Ltd.
Darwin Green
VP Exploration
604-629-2348
info@constantinemetals.com


Constantine Metal Resources Ltd.
Koraleen Jarvis
Communications Coordinator
604-629-2348
info@constantinemetals.com

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