Constantine Announces US$6.2 Million Budget for 2014 Palmer Copper-Zinc-Silver-Gold Project, Southeast Alaska

Constantine Metal Resources Ltd. (TSX VENTURE:CEM) ("Constantine" or the
"Company") is pleased to announce the 2014 program and budget for the Palmer VMS
Project, Alaska ("Palmer" or "Project"). A budget of US$6.2 million plus
contingency has been approved by partner Dowa Metals & Mining Co., Ltd. of Japan
("Dowa") and a US$250,000 option payment to Constantine has been made. Dowa are
entering the second year of an option agreement in which they can earn 49% in
the Palmer Project by making aggregate expenditures of US$22 million over four
years.


Garfield MacVeigh, President and CEO, states, "2014 is poised to be a promising
year for Constantine and the advancement of the Palmer project. We look forward
to what will be the most active year in the company's history and the
opportunity to continue proving up Palmer's potential."


Palmer is an early resource expansion stage project that is host to a 4.75
million tonne inferred resource estimate grading 1.84% copper, 4.57% zinc, 0.28
g/t gold and 29 g/t silver(i). The 2014 program will be drill intensive and
focused on expanding the South Wall and RW massive sulphide zones, which are
open laterally and to depth. Drilling will also target other property wide
massive sulphide prospects. The program is expected to include 3 drill rigs,
with drills mobilizing late May. Constantine is Operator for work programs
carried out during the earn-in period.


About the Palmer Project

Palmer is a high-grade volcanogenic massive sulphide (VMS) deposit located in a
very accessible part of coastal southeast Alaska, with road access to the edge
of the property and within 60 kilometres of the year-round deep sea port of
Haines. The Project is located within the same belt of rocks that is host to the
Greens Creek and Windy Craggy VMS deposits - both widely recognized to be world
class systems. Drilling of 32 holes by Constantine between 2006 and 2009 led to
the discovery of thick continuous zones of massive sulphide mineralization at
the South Wall and RW Zones of the Glacier Creek prospect, and calculation of an
initial mineral resource estimate. The total footprint of mineralization has
been expanded with an additional 20 holes completed in 2010 and 2013, with the
majority of this drilling consisting of step-outs from the resource estimate.
The South Wall and RW Zones occupy the same time-stratigraphic intervals on
opposite limbs of a large-scale anticline, and all zones intersected in drilling
remain open to expansion laterally and to depth. There are at least 25 separate
base metal and/or barite occurrences and prospects on the Palmer property,
indicating the presence of a very extensive mineralized system with potential
for discovery of multiple deposits.


About the Company

Constantine is a mineral exploration company with a focus on premier North
American mining environments. In addition to the flagship Palmer
copper-zinc-silver-gold VMS Project located in Alaska that is being advanced in
partnership with Dowa Metals & Mining Co., Ltd., Constantine has a pipeline of
other quality projects that includes; (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 Fenn-Gib gold deposit (1.35 million
ounces indicated and 0.75 million ounces inferred); (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; and (3) the 50/50 Joint Venture with Carlin
Gold Corporation with a district-scale land position in an emerging new
Carlin-type gold district in Yukon. 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

(i) See the Company's technical report entitled, "Palmer VMS Project, Southeast
Alaska, Mineral Resource Estimation and Exploration Update" dated March 4, 2010
and available on www.sedar.com. Resource estimate utilizes an NSR cut-off of
US$50/t with assumed metal prices of US$700/oz for gold, US$12/oz for silver,
US$2.25/lb for copper, and US$0.85/lb for zinc, with estimated metal recoveries
of 55%, 55%, 90%, and 90% respectively. An "Inferred Mineral Resource is that
part of a Mineral Resource for which quantity and grade or quality can be
estimated on the basis of geological evidence and limited sampling and
reasonably assumed, but not verified, geological and grade continuity. Due to
the uncertainty that may be attached to Inferred Mineral Resources, it cannot be
assumed that all or any part of an Inferred Mineral Resource will be upgraded to
an Indicated or Measured Mineral Resource as a result of continued exploration.
Confidence in the estimate is insufficient to allow the meaningful application
of technical and economic parameters or to enable an evaluation of economic
viability worthy of public disclosure.


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.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Constantine Metal Resources Ltd.
Garfield MacVeigh
President
604-629-2348


Constantine Metal Resources Ltd.
Darwin Green
VP Exploration
604-629-2348
info@constantinemetals.com
www.constantinemetals.com
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