Constantine Completes Drill Program at Golden Mile Property and Regains Control of Project

Constantine Metal Resources Ltd. (TSX VENTURE:CEM) ("Constantine" or the
"Company") is pleased to report on the recently completed five hole, 1182 meter,
drill program at the Company's 100% owned Golden Mile property ("Golden Mile" or
"the Property") in Timmins, Ontario. Golden Mile is a large, 68 square kilometer
property located 9 kilometers northeast of Goldcorp's multi-million ounce Hoyle
Pond deposit and covers the projection of the Pipestone Fault System on the
north margin of the Timmins gold camp that has produced more than 55 million
ounces of gold. 


Drilling confirmed the presence of a major structure interpreted to be a western
extension of the Pipestone fault, which is associated with important gold
mineralization along trend to both the east and west of the Golden Mile
property. Strongly altered ultramafic rock units were intersected in contact
with a graphitic shear zone and pyritic sediments in the two drill holes
designed to test the interpreted structural contact. Notably, neither the
structure nor the altered ultramafics intersected in these drill holes had been
previously identified on government geology maps. The drilling yielded some
weakly anomalous gold and management is encouraged by the identification of an
important structure, alteration with associated pathfinder geochemistry, veining
and permissive rock units known to be important hosts for mineralization within
the Timmins gold camp. 


The Golden Mile property is located in an excellent geological and structural
setting within the high-grade Timmins gold camp, and has received only limited
historic drilling owing to extensive overburden cover. These new drill holes,
which tested only a small portion of the project area, provide important data
for further targeting and exploration of the property. 


The exploration program was funded by Teck Resources Limited ("Teck") pursuant
to an Option and Joint Venture Agreement (see news release dated May 9, 2012 for
Agreement terms). Teck has notified Constantine they are relinquishing their
rights to earn an interest in the Golden Mile project, and the Option and Joint
Venture Agreement has been terminated. Constantine would like to thank Teck for
funding approximately $1.4 million in exploration expenditures on the project
over the past two years. This work has provided an excellent stepping stone for
future advancement and discovery on the large, well located land package. 


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 Lake Shore Gold Corp.'s 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; and (3) the 50/50 Joint
Venture with Carlin Gold Corporation exploring a greater than 600 sq. km land
position in an emerging new Carlin-type gold district in Yukon. Since 2011,
there has been over $10 million spent by partners exploring Constantine's
projects. 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.


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
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