Constantine
Metal Resources Ltd. and Wahgoshig First Nation
Enter into Exploration Agreement
February
9, 2009
Vancouver, B.C. � Constantine Metal Resources Ltd. (the �Company� or
�Constantine�) (TSX Venture- CEM) and the Wahgoshig First Nation
(�Wahgoshig�) are pleased to announce that they have entered into an
Exploration Agreement (�EA�) on the Company�s properties within the Wahgoshig
Traditional Territory. These properties currently include the
Munro-Croesus and the Four Corners gold project. The primary purpose of the
EA is to establish the foundation for ongoing communication with the
Wahgoshig community during the exploration process while respecting their
culture and heritage.
Garfield MacVeigh, President of Constantine has had an association with
the property from his early childhood when his father worked on it. He
said �We look forward to working with the Wahgoshig for many years to come.
This EA formalizes the respectful and mutually beneficial working
relationship established over the last year. Last spring the Company
completed a 2000 meter drill program which provided an opportunity for some
of the Wahgoshig youth to start their Common Core surface drill training in
preparation for working in mining and other industries. We look forward
to creating similar opportunities in the future�.
Wahgoshig and Constantine have also agreed to a negotiation process
leading to an Impact Benefits Agreement ("IBA"). The IBA will
cover topics such as business opportunities, employment, training and
financial compensation.
"This agreement demonstrates that First Nations and companies can work
together in a positive and creative way while accommodating their respective
objectives. The Company's agreement and co-operation in protecting our Native
values and cultural sites is very important to us." said Chief Babin,
"The agreement also provides a commitment to negotiate a comprehensive
agreement should the project move to beyond exploration.� Wahgoshig
First Nation is an Algonquin community that traditionally hunted and lived in
the Lake Abitibi region of Ontario and Quebec. Wahgoshig has entered
into agreements with other mining companies, and is involved in the industry
through business ventures and employment of its members while maintaining its
traditional activities and stewardship of the environment.
A signing ceremony and community feast was held at Wahgoshig on February
7, 2009.
About Constantine
Constantine owns 100% of the Croesus Gold property, including the former
Croesus Gold mine, consisting of 22 patented mining claims and leases (416
hectares) and the 65 claim Four Corners property (1040 hectares), located
about 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. Constantine is also exploring its
massive sulphide Palmer project in Alaska, USA.
Please visit the Company�s website (www.constantinemetals.com) for
more detailed company and project information.
"J. Garfield MacVeigh"
J. Garfield MacVeigh, President
Telephone: (604) 629-2348 or (778)
772-4437
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.
|