Constantine Metal to roll back shares May 18

May 18, 2018

2018-05-16 10:10 ET – News Release

Mr. Garfield MacVeigh reports

CONSTANTINE ANNOUNCES SHARE CONSOLIDATION EFFECTIVE DATE

Constantine Metal Resources Ltd. has received regulatory approval for the share consolidation (on a one-new-for-four-old basis) that was announced on May 1, 2018. The share consolidation will become effective on Friday, May 18, 2018, at market opening. There will be no change in the name or the stock symbol of the company.

The company also announces that its $10-million non-brokered private placement announced on May 1, 2018, is fully subscribed. The first tranche of the private placement is scheduled to close next week, upon receipt of regulatory approval following the effective date of the share consolidation. All securities issued in the private placement will be issued after giving effect to the consolidation. After the financing and consolidation, total shares issued are projected to be 44,041,753 and fully diluted 61,678,885 shares.

About Constantine Metal Resources Ltd.

Constantine is a mineral exploration company led by a proven technical team with a focus on premier North American mining environments. The company’s flagship asset is the high-grade copper-zinc-silver-gold Palmer project, which is being advanced as a joint venture between Constantine (51 per cent) and Dowa Metals & Mining Alaska Ltd. (49 per cent), with Constantine as operator. Palmer hosts an inferred mineral resource of 8.1 million tonnes grading 1.41 per cent copper, 5.25 per cent zinc, 0.32 gram per tonne gold and 31.7 g/t silver, and is located in a very accessible part of coastal southeast Alaska. Constantine also controls a portfolio of high-quality, 100-per-cent-owned gold projects in the Timmins camp in Ontario.

We seek Safe Harbor.

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