Constantine Notice of TSX Acceptance of Option & Joint Venture Agreement with Dowa Metals & Mining Co., Ltd.

Constantine Notice of TSX Acceptance of Option & Joint Venture Agreement with 
Dowa Metals & Mining Co., Ltd. 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/19/13 --
Constantine Metal Resources Ltd. (TSX VENTURE:CEM) ("Constantine" or
the "Company") is pleased to announce that the TSX Venture Exchange
Inc. has accepted for filing an Option and Joint Venture Agreement
(the "Agreement") between Constantine and Dowa Metals & Mining Co.,
Ltd. ("Dowa") dated February 1, 2013.  
Under the Agreement, Constantine has granted Dowa an option (the
"Option") to earn a 49% interest in Constantine's Palmer Project
which is located in southeast Alaska. In order to exercise the
Option, Dowa must incur US$22,000,000 in exploration expenditures on
the Palmer Project over a four year period that includes cash
payments aggregating to US$1,250,000 over the four year period.
Following Dowa exercising the Option, a 51:49 joint venture between
Constantine (51%) and Dowa (49%) for the Palmer Project will be
formed. Constantine will pay a staged finder's fee of up to a maximum
of US$250,000 pursuant to a Financial and Advisory Services Agreement
with Roman Friedrich & Company LLC (the "Finder"). The finder's fee
may be paid through a combination of cash and shares at Constantine's
election An initial payment of $120,000 is payable to the Finder on
closing of the transaction, with $10,000 payable in cash and the
balance payable through the issuance of 1,466,666 common shares of
Constantine, which are being issued today to the assignee of the
Finder. The 1,466,666 common shares of the Company being issued are
subject to a hold period of four months and one day, expiring on July
20, 2013. 
About the Palmer VMS Project 
Palmer is a high-grade VMS project located in a very accessible part
of 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 host to a NI 43-101 compliant 4.75 million tonne inferred
resource grading 1.84% copper, 4.57% zinc, 0.28 g/t gold and 29 g/t
silver that is open to expansion (using an NSR cut-off of US$50/t;
see news release dated January 20, 2010).  
About the Company  
Constantine is a gold and copper exploration company with multiple
active projects located in premier North American mining
environments. In addition to the flagship Palmer VMS Project, the
Company's other major projects include; (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 2.1 million ounce Fenn-Gib gold deposit; (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; (3) the 50/50
Joint Venture with Carlin Gold Corporation exploring an approximately
800 sq. km land position in an emerging new Carlin-type gold district
in Yukon; and (4) the Trapper Gold Project in northern British
Columbia that is optioned to Ocean Park Ventures Ltd. who carried out
an 8,500 meter drill program on the property in 2011. Please visit
the Company's website ( for more detailed
company and project information. 
On Behalf of Constantine Metal Resources Ltd. 
Garfield MacVeigh, President 
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. 
Constantine Metal Resources Ltd.
Darwin Green
VP Exploration
Constantine Metal Resources Ltd.
Koraleen Jarvis
Communications Coordinator
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