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CONSTANTINE RECEIVES ASSAY RESULTS FROM SECOND MASSIVE SULPHIDE ZONE IN FIRST 2008 DRILL HOLE
67 FT (20.4 M) 1.53% CU, 7.62% ZN, 0.81 G/T AU, 100.7G/T AG


July 22, 2008

Vancouver, B.C. – Constantine Metal Resources Ltd (TSXV: CEM) (”Constantine” or the “Company”) is pleased to announce Zone II results for the first 2008 drill hole (CMR08-11) at the Glacier Creek prospect, South Wall (“SW”) Zone target, on its polymetallic massive sulphide Palmer project near Haines, Alaska.

Constantine has previously announced that hole CMR08-11 intersected three separate, thick, stacked massive sulphide zones in the drill hole. Results from the uppermost of these (Zone I), returned 119 feet (36.3 meters) with 1.54% copper, 5.45% zinc, 0.45 % lead, 0.47 g/t gold, 28.5 g/t silver (see news release dated July 10, 2008). Results have now been received for the second massive sulphide (Zone II) in the same hole and these are summarized below:

ZONE II RESULTS,   CMR08-11 (South Wall Target- Glacier Creek prospect)

Highlights are as follows:

Zone II

From
(feet)

To
(feet)

Intercept
(feet)

Intercept
(meters)

Cu
%

Pb
%

Zn  
%

Au
(g/t)

Ag
(g/t)

CMR08-11

915.0

982.0

67.0

20.4

1.53

0.37

7.62

0.81

100.7

Includes

921.0

968.65

47.65

14.52

1.21

0.44

9.74

0.44

88.6

Includes

946.0

972.6

26.6

8.11

1.60

0.55

7.18

1.46

166.5

Includes

964.4

972.6

8.2

2.5

1.98

0.40

7.00

3.71

371.7

This intercept correlates with Zone II in drill hole CMR07-09 and is located 180 feet (55 meters) down dip from the CMR07-09 Zone II intersection.  The estimated true width is 47% of the core length based on correlation with Zone II in CMR07-09.  This zone represents a sub-parallel, stacked sulphide zone deeper in drill hole CMR08-11. The 2008 Glacier Creek prospect drill plan and a South Wall drill section will be posted on the Company’s website at www.constantinemetals.com. 

A third zone was intercepted in this hole, the results of which will be announced when assay results are received.

“The presence of thick, stacked massive sulphide zones of significant grade is highly encouraging and suggests that Palmer has potential to host a very large deposit. This new discovery is located within only a few miles of a paved highway and approximately 35 miles from a deepsea port which greatly enhances the potential economics of any discovery. We look forward to providing further updates from our ongoing drilling.” stated Garfield MacVeigh, President and CEO.

Drill Hole CMR08-13 (South Wall Target- Glacier Creek prospect)

This hole was designed to test the downdip extent of Zone I intersected in CMR08-11 and CMR07-9 and has been completed at a final depth of 1841 feet. This drill hole intersected two zones of massive sulphide mineralization between 559 and 795 feet. A footwall massive to semi-massive chalcopyrite-pyrrhotite rich zone was intersected between 559 and 605 feet, (46 feet, or14 meters - estimated true width 75% of core length) and followed by more typical Zone I massive sulphide-barite mineralization from 685.5 to 795 feet (109.5 feet or 33.4 meters – estimated true width is 44 % of core length). This interval includes 25 feet (7.6 meters) of massive pyrite with chalcopyrite from 685.5 to 710 feet followed by 85 feet (25.9 meters) of massive barite-pyrite with minor chalcopyrite mineralization from 710 to 795 feet.  Assay results from this hole are pending.

The Company’s second drill is located on the CMR07-07, RW Zone discovery site (see news release dated September 25, 2007), 1400 feet (430 meters) west of the South Wall target. The first 2008 hole (CMR08-12) at this drill site is at a depth of 200 feet (61 meters) and due to drill problems has been temporarily suspended pending the arrival of a new drill that is now expected to arrive on site on July 23, 2008.

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 gold-silver rich massive sulphide discovery and is currently carrying out an aggressive two drill multi-hole 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 polyethelene 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, blanks and replicates at appropriate intervals in the sample preparation stream in addition to Eco Tech's internal analytical QC protocols.
Dr.Hardolph Wasteneys, P Geo., is the Qualified Person for the Palmer Project.

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 partial assay results for the second zone in the first hole of the 2008 Palmer drill program.  There is no assurance that assay results for the 1 remaining zone to be reported from this hole and other holes being drilled will provide similar results.

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

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