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CZM News Room

January 18, 2006

CZM Capital Corp. Acquires Porcher Island Gold & Silver Properties
Vancouver, B.C., Canada, CZM Capital Corp., (TSXV: CZM), has acquired 6 Gold Eagle Properties totalling over 550 hectares on Porcher Island located in the Skeena mining division, 35 kilometres south-southwest of Prince Rupert, B.C. There is a long history of exploration and production from Porcher Island including the Surf Point and Edye Pass gold mines.

Most notable in these claims are the Promise and the Mascot showings.

The Promise showing occurs in the northwest corner of Porcher Island, a few hundred metres northwest of the Edye Pass Mine. This showing contains a sheared quartz vein, 30 centimetres wide, strikes east and dips 60 degrees south within Cretaceous to Tertiary quartz diorite of the Coast Plutonic Complex near its contact with Paleozoic-Mesozoic metasediments. Mineralization consists of blebs and streaks of auriferous pyrite.

The Mascot showing occurs near the northwest corner of Porcher Island about 1.5 kilometres east of the Surf Point Mine. The Mascot showing contains a quartz vein, striking 050 degrees and dipping 80 degrees north, occurs in Cretaceous to Tertiary quartz diorite of the Coast Plutonic Complex near its contact with Paleozoic to Mesozoic mixed volcanic and plutonic rock. The vein is sheared and is up to 1 metre wide and 20 metres long. Mineralization consists of stringers of pyrite. A selected sample assayed 27 grams per tonne gold and 41 grams per tonne silver (Minister of Mines Annual Report 1933, page 42). All resource figures were compiled prior to and are not compliant with National Instrument 43-101 requirements.

There is a small community on Porcher Island, infrastructure is excellent and easy access either by water or air is available from Prince Rupert. The property can be worked year-round.

On behalf of CZM Capital Corp.,
Zachery Dingsdale
President & CEO

CZM Capital Corp. is a resource exploration company focused on the exploration and development of precious and base metal properties in Canada.

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