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CZM News Room

January 24, 2006

Lorraine Mine Project Drilling and Down-hole Geophysical Results, Quebec
Vancouver, B.C., Canada, CZM Capital Corp., (TSXV: CZM), is pleased to announce that it has completed a four-hole, 1350m drill program at the 30-claim (1307ha) Lorraine Mine property located 35 km northeast of Ville-Marie, Quebec. The Lorraine Mine property was the site of past copper-nickel production in the mid-1960s.

Hole L-05 was aimed to test an off-hole electromagnetic anomaly detected in Hole L-04 which was drilled in 2004. A strongly chlorite-altered, magnetic gabbro with marked copper-nickel enrichment was intersected from 345.5 to 369.2m and returned weight averaged metal values of 332ppb Au, 1.7ppm Ag, 807ppm Cu and 557ppm Ni over 23.7m from 345.5 to 369.2m. On the margins of this Cu/Ni enriched interval are two well-defined zones marked by shearing, alteration, quartz-carbonate veining and elevated gold values. The first zone returned 0.78g/t Au over 3.15m from 345.5 to 348.65m. The second zone returned 0.92g/t Au over 2.2 m form 367.0 to 369.2m.

The only other notable result from the drill program was returned from a zone of quartz veining that returned 4.42g/t Au over 0.7m from 221.4 to 222.1m in Hole L-08. CZM is very encouraged by the results of the drilling. It is anticipated that better gold intersections may be obtained elsewhere along the margin of Cu/Ni-enriched interval with continued drilling.

All assay work was completed by Laboratoire Expert Inc. in Rouyn-Noranda, Quebec. Gold, platinum and palladium values were determined by 30-gram fire assay with DCP-AES finish. Silver, copper, nickel and cobalt values were determined by partial acid digestion followed by AA finish. Expert follows an internal quality control program utilizing a system of blanks, standards and duplicates.

Mark Fekete, P.Geo is the designated "qualified person" as defined in Section 1.2 in and for the purposes of National Instrument 43-101 responsible for the preparation of this release. CZM also wishes to announce that it will be participating in the Toronto Financial Forum to be held from Thursday January 26 to Sunday January 29th at the Metro Toronto Convention Centre. Shareholders and other interested parties may receive a complimentary pass to this event by calling CZM directly at 905-377-0989

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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