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CZM News Room

June 24, 2004

CZM Announces $400,000 Non-Brokered Financing
VANCOUVER, CANADA - CZM Capital Corp. (the "Company") is pleased to announce a non-brokered private placement of up to 4,000,000 units at 10 cents per unit for proceeds of $400,000. The units consist of 4,000,000 common shares and 4,000,000 share purchase warrants comprising 1,000,000 flow-through common shares and 3,000,000 non-flow-through common shares and 4,000,000 non-flow-through warrants. Each warrant is exercisable into one common share for two years at a price of 12.5 cents per share in the first year and 15 cents per share in the second year. The proceeds of the private placement have been allocated primarily for the exploration of the Lorraine Mine Property as announced in the Company's news release dated June 18, 2004, plus public company administrative expenses and unallocated working capital. The shares are subject to a hold period of four months and one day from the date of issuance. Finder's fees will be paid in connection with this financing.

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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