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CZM News Room

September 08, 2008

CZM Capital raises $652,125 with FT-NFT financing

Mr. Zachery Dingsdale reports

CZM CAPITAL ANNOUNCES CLOSING OF PRIVATE PLACEMENT

CZM Capital Corp. has closed its non-brokered private placement totalling $652,125, which includes participation by the Mineralfields Group. These funds were raised through the issuance by the company of 3,873,999 flow-through shares at a price of 15 cents per share and 473,500 non-flow-through units at a price of 15 cents per unit, each non-flow-through unit consisting of one non-flow-through common share and one common share purchase warrant entitling the holder to purchase one additional common share of the company for a period of one year at a price of 20 cents.

Commissions totalling $28,000 were paid to Bolder InvestmentPartners, Ltd. and Limited Market Dealer Inc. as consideration for arranging a portion of the private placement.

The funds raised by way of the private placement will be used for exploration programs on the company's precious metals properties located in Canada, with particular emphasis on the Tagish Lake region of Northern British Columbia and for general working capital purposes.

"We are very pleased to be entering into this relationship with MineralFields Group," said Zak Dingsdale, president and chief executive officer. "This is an important milestone in the growth of CZM Capital Corp. and we look forward to working with MineralFields Group as we develop our holdings in the Tagish Lake region."

The shares issued pursuant to the private placement, and any shares to be issued on exercise of the share purchase warrants, are subject to a hold period expiring Jan. 5, 2009.

We seek Safe Harbor.

CZM Capital Corp. is a mineral resource company focused on the exploration and development of precious metal properties in Canada with a particular emphasis on the Tagish Lake region of Northern British Columbia.

For further information please visit our website at www.czmcapital.com or call 1-800-610-9552.

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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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