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2008

CONSTANTINE REPORTS MORE WIDE INTERSECTIONS AT THE SOUTH WALL ZONE
– 27.5 METERS GRADING 2.52% COPPER AND 3.38% ZINC – PALMER PROJECT, ALASKA


December 2, 2008

Vancouver, B.C. – Constantine Metal Resources Ltd (TSXV: CEM) (“Constantine” or the “Company”) is pleased to report assay results for drill holes CMR08-17 (Zones I and II) and CMR08-22 (Zone II) from the South Wall Target at its copper-rich massive sulphide Palmer Project in southeast Alaska where the 2008 drilling program was completed in early October.

Assay Results

New assay results for Zone I mineralization in CMR08-17 returned 90.3 feet (27.52 meters) of 2.52% copper, 0.15% lead, 3.38% zinc, 0.32 g/t gold and 25.5 g/t silver including 28.1 feet (8.56 meters) of 3.50% copper, 0.43% zinc, 0.48 g/t gold, 30.93 g/t silver and 17.3 feet (5.27 meters) of 0.82% copper, 0.71% lead, 13.27% zinc, 0.49 g/t gold and 61.3 g/t silver. This Zone I intercept is located 75 meters west of the high grade copper-rich zone in CMR08-14 (3.16% copper, 3.59% zinc, 0.22 g/t gold and 20.1 g/t silver over 126.8 feet or 38.65 meters ) and 130 feet (40 meters) higher in elevation. Additional assays are pending for copper bearing stockwork mineralization associated with the CMR08-17 Zone I intersection.

CMR08-17, Zone II assay results returned a high grade zinc intersection; 15.8 feet (4.82 meters) of 0.91% copper, 0.38% lead, 21.39% zinc, 0.04 g/t gold and 19.4 g/t silver.

Assay results for Zone II in CMR08-22 contained 98.5 feet (30.02 meters) of 1.70% copper, 0.17% lead, 5.11% zinc, 0.22 g/t gold and 32.8 g/t silver including 16.0 feet 4.88 meters) of 3.31% copper, 0.29% lead, 9.28% zinc, 0.42 g/t gold and 80.2 g/t silver. The intersection is located 55 meters east and 36 meters west of Zone II intersections in CMR08-17 and CMR08-19 respectively, and 140 feet (40 meters) lower in elevation.

These thick intercepts continue to demonstrate the continuity of the South Wall zones and expansion of the exploration potential.  Stratigraphically correlated mineralization was intersected in 2007 discovery hole CMR07-07 which assayed 3.79% copper and 7.24% zinc over 46 feet (14 meters).  This hole is located 885 feet (270 meters) to the west and 870 feet (265 meters) higher in elevation than the most westerly Zone I intercept in CMR08-17 reported in this news release and is shown on vertical long sections on the Company’s website.

2008 Palmer Project Drill Program and Beyond

In 2008, Constantine completed 12 holes (2 abandoned) resulting in 17 mineralized intersections, for an aggregate of 14,421 feet (4,395 meters) of drilling.  The exploration to date indicates a minimum lateral extent of South Wall mineralization of 1000 feet (~300 meters) horizontally by 1000 feet (~300 meters) vertically in three zones and all zones are open to expansion. 

The South Wall zones occur on the steep limb of a large anticlinal fold, whereas the CMR07-07 high grade copper intercept is on the shallow dipping upright limb. Both indicate the presence of a sizeable massive sulphide system and offer excellent opportunity for further expansion.

The highlights of recently received assay results are tabulated below.

Summary Table of New Assay Results

Drill hole

from (ft)

to    (ft)

Interval                     (ft)          (m)

Cu  (%)

Pb  (%)

Zn (%)

Au (g/t)

Ag (g/t)

Comment

CMR08-171

1059.0

1149.3

90.3

27.52

2.52

0.15

3.38

0.32

25.5

Zone I

Includes

1066.7

1081.5

14.8

4.51

4.64

0.01

0.75

0.27

14.7

Zone I

Includes

1103.9

1132.0

28.1

8.56

3.50

0.02

0.43

0.48

30.9

Zone I

Includes

1132.0

1149.3

17.3

5.27

0.82

0.71

13.27

0.49

61.3

Zone I

 

 

 

 

 

 

 

 

 

 

 

CMR08-172 

1633.1

1648.9

15.8

4.82

0.91

0.38

21.39

0.04

19.4

Zone II

 

 

 

 

 

 

 

 

 

 

 

CMR08-223 

770.0

868.5

98.5

30.02

1.70

0.17

5.11

0.22

32.8

Zone II

includes 

807.0

823.0

16.0

4.88

3.31

0.29

9.28

0.42

80.2

Zone II

 

 

 

 

 

 

 

 

 

 

 

1True thickness of the intersection estimated to be 75-85% of the core length.
2True thickness of the intersection estimated to be 50% of the core length.
3True thickness of the intersection estimated to be 70-75% of the core length.

Locations of all intersections are shown on vertical long sections for Zones I, II and III that accompany the website version of the news release along with a summary table of all South Wall discovery intersections. Updated sections will also be posted to the website at www.constantinemetals.com.

Pending Assay Results

There are a significant number of additional assays pending for the 2008 diamond drilling, however all the prioritized assay results have now been received. 

About Constantine

The Company owns the Palmer project, a world class base metal exploration opportunity in a very accessible part of southeast Alaska, where it has made a new high-grade, copper-rich massive sulphide discovery and completed a 12 hole, 14,421 foot (4,395 meter) drill program.  Constantine also owns 100% of the Munro-Croesus Gold property, including the former high-grade Croesus Gold mine, consisting of 22 patented mining claims and leases (416 hectares), located 75 kilometers east of Timmins, Ontario and within the influence of the prolific Porcupine-Destor Deformation Zone.

Please visit the Company’s website (www.constantinemetals.com) for more detailed company and project information.

"J. Garfield MacVeigh"

J. Garfield MacVeigh, President

Telephone: 778-772-4437

Notes:
Drill core was split using a diamond blade rock saw with half of each sealed in individual 6 ml polyethylene bags for analysis and half placed back in the original core box for permanent storage. The sealed samples were delivered by Company personnel directly to the Eco Tech preparation lab in Whitehorse and pulped samples were shipped by Eco Tech Laboratory Ltd. to their analytical facilities in Kamloops, British Columbia. Twenty nine elements including silver, copper, lead and zinc were determined by inductively-coupled plasma (ICP/ES) atomic emission spectroscopy, following four-acid digestion. Ore metals reporting concentrations higher than 10,000 ppm were assayed using AAS to produce the results reported herein. Gold was determined by fire-assay fusion of a 30 g sub-sample with atomic absorption spectroscopy (AAS). Analytical results were monitored by insertion of two base metal standards prepared by CDN Resource Laboratories Ltd. at appropriate intervals in the sample preparation stream in addition to Eco Tech's internal analytical QC protocols including blanks and replicates.
Darwin Green,, P Geo., is the Qualified Person for this news release..

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.

Forward looking statements:
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, interpretation of 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 include exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.  This news release provides assay results for specific drill holes of the 2008 Palmer drill program.  There is no assurance that assay results to be reported from other holes being drilled will provide similar results.

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

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