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January 31, 2008

CZM Capital Corp: An emerging discovery story in Northern BC

The Gold Rush years in Northwestern BC and the Yukon are historical footnotes, romanticized to become the stuff of myth and legend. However, it now appears that a new generation of explorers and project developers have seized on the promise of the region in search of gold discoveries. The great potential for the area was always there, it has just taken a roaring bull market for gold and a new wave of technological advancement to restore interest.

One new player among the explorers active in the province is CZM Capital Corp [Symbol:  CZM – TSXV]. The company has secured the acquisition of an undivided interest in the TAG Property, located in the extreme northwest corner of BC, near the town of Atlin. CZM is now working in the hopes of adding its own success story to the rich mining history of the district.

The TAG property covers an area of more than 2500 hectares, but the main focus for the exploration is on a structural corridor about 6 kilometers long, and encouraging gold grades have been encountered within several zones along strike.

Early phase exploration work on the property yielded encouraging sampling results, with assays up to 18.7 g/t gold at surface. This prompted the first round of drilling in 2006 at the Main and Bearox Zones, yielding impressing results.

Mineralized widths averaged in the range of 20 metres along this system and the gold grades commonly ranged between 2 and 4 grams per tonne. Although the drilling work was relatively shallow, the system has so far proven to be remarkably continuous. It is believed the steeply dipping vein may reach to depths of several hundred metres. That means the discovery could develop into a very large tonnage deposit, and in remote areas defining a large tonnage to support a large operation for many years is a critical pre-requisite before any development potential can be realized.

Follow-up rounds of drilling continued in 2007, testing the Barney Zone, located a full 3km further along strike. In addition, a wide drill fence spacing was employed to complete reconnaissance drilling, ensuring the full strike length of the primary vein may be investigated, and at least 2 drill holes were extended to 300m to better establish the productive depths of the vein system.

The company also completed airborne geophysical surveying along and adjacent to the fault system, and defined new priority targets based on magnetic anomalies. A soil sampling program was also completed along the vein system and up the hills to 500m on either side. Strong gold and silver values were encountered.

Several smaller offset fault structures have been identified and where they intersect the main fault there is the potential for zones of enrichment to occur, or perhaps wider zones of stockwork mineralization to be encountered. So there is no shortage of high priority targets that may contribute further upside for the project.

Since there are no roads extending on to the property, access to TAG is afforded by seaplane in the summer months and by snowmobile in the winter. A well-appointed mining camp has been set up on the shore of Tagish Lake and the cabins have been upgraded to provide comfortable conditions even during the severe winter months. This will enable an aggressive work schedule to continue for most of the year except during freeze-up and thawing of the lake ice.

Due to the increase in exploration activity worldwide, delays for assay results can stretch to several months, and CZM is still awaiting results from the last round of drilling work. If the assays demonstrate that the vein system is mineralized further along strike and to depth with consistent gold grades, then the potential exists for a multi-million ounce discovery at the TAG Project. The company would then have the luxury to go back and complete infill drilling to better define the system, and test even deeper targets as they work to expand the discovery area.

Author: Mike Kachanovsky
www.smartinvestment.ca

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Statements in this release that are forward-looking are subject to various risks and uncertainties concerning the specific factors identified above and in the corporation's periodic filings with the British Columbia Securities Commission and the U.S. Securities Exchange Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The corporation does not intend to update this information and disclaims any legal liability to the contrary.

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