Comaplex Minerals Corp.
TSX : CMF

Comaplex Minerals Corp.

August 19, 2009 23:59 ET

Comaplex Provides an Update on the Meliadine Exploration Program

CALGARY, ALBERTA--(Marketwire - Aug. 19, 2009) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION
IN THE UNITED STATES.

Comaplex Minerals Corp. (TSX:CMF) is pleased to provide its third update on the 2009 exploration program on the Meliadine West gold property near Rankin Inlet, Nunavut Territory, Canada. The property is owned 78% by Comaplex and 22% by Meliadine Resources Ltd. (a private company owned 100% by Resource Capital Fund III L.P. of Denver), with Comaplex having an option to increase to 80%. An update is also provided on the Meliadine East property, owned equally by Comaplex and Meliadine Resources Ltd.

2009 Drill Program
------------------

The 2009 drill budget of 20,000 meters has been reached as of the date of this release. On the basis of the results received to date, an additional 3000 meters has been approved for this year (total of 23,000 meters). The extra drilling will be used to tighten the drill spacing in the Tiriganiaq and F Zone deposits, as well as geotechnical drilling (pit work for each of the two deposits plus mill, waste piles, tailings dam, etc.). This drilling is expected to continue into the third week of September.

Drill results for the first six drill holes were released on June 15, 2009 (release 09-09). Results from an additional 18 holes were released on July 13, 2009 (release 09-10). Results from an additional 18 holes are highlighted here. These include 6 holes (3553 meters) completed in the Western Deeps (Tiriganiaq Deposit), 4 holes (334 meters) completed into the open pittable targets in the F Zone, and 8 holes (1547 meters) in the Musket Bay reconnaissance area approximately 10 kilometers west along strike of the Tiriganiaq deposit.

Detailed drill results on all of the recent drill holes are attached to this release. Highlights from holes in the Tiriganiaq deposit include:

23.5 gmt gold over 3.1 meters in hole M09-812
and: 20.2 gmt gold over 3.3 meters

11.2 gmt gold over 5.0 meters in hole M09-814
and: 14.7 gmt gold over 8.9 meters
and: 9.0 gmt gold over 5.3 meters

15.5 gmt gold over 9.0 meters in hole M09-818

10.0 gmt gold over 10.5 meters in hole M09-820W1
incl. 24.5 gmt gold over 3.5 meters

The drilling in the latter half of the program is targeting the plunge extensions of the high grade 1255 lode and a parallel series of lodes, the 1150 lodes (specifically the 1153 and 1154 lodes) in the Western Deeps part of the Tiriganiaq gold deposit. Early indications suggest continuity along at least one of the 1150 lodes for at least 700 meters at depth. Scattered suggestions of a third mineralized lode, the 1350 lode, were recovered in hole 09-814, which returned gold assays of 11.2 gmt over 5.0 meters. See Figure 1: http://files.newswire.ca/437/CMF_PR_09-12_Figure_1.pdf.

Highlights from drill holes testing the shallow pit potential of the F Zone include:

7.1 gmt gold over 6.1 meters in hole M09-816

11.7 gmt gold over 4.8 meters in hole M09-817

Drilling of the shallow portions of the F Zone deposits is focused on the infill and subsequent conversion of open pittable inferred resources to an indicated level for inclusion in a Feasibility Study. Shallow areas of poorly drilled gold mineralization to the east of the known deposits in the zone are also being targeted as potential additions to the resource base. See Figure 2: http://files.newswire.ca/437/CMF_PR_09-12_Figure_2.pdf.

A total of 3013 meters (15 holes) of reconnaissance drilling has been completed on the land covered parts of the Musket Bay structure, located approximately 8-10 kilometers east along strike of the Tiriganiaq gold deposit. The structurally complicated area underwent limited drilling in the mid-late 1990's and is believed to be the source of high grade gold bearing boulder trains in the area. Extensive lake cover and a total lack of outcrop characterizes the Musket Bay region. Assay results from the first eight holes into the area of this program did not return any gold bearing zones of note.

Additional lab results are expected in the fall and these results will be released as they are received and verified.

Meliadine East Exploration
--------------------------

Exploration drilling on the eastern half of the Meliadine property has been largely completed (~2000 meter program), but to date no results have been received from operator and partner Meliadine Resources Ltd. Results will be released as they are received. Geotechnical drilling of the Discovery deposit and area is now underway and is expected to be completed shortly.

Regulatory Update
-----------------

Compilation of the Preliminary Project Description (PPD) for the regulators is ongoing, but is contingent on technical information emanating from the ongoing geotechnical, geochemical, and environmental studies that are currently being conducted by Golder Associates on the property. Refined engineering of the open pit and underground components by Comaplex is also taking place. The goal continues to be the rapid advancement of the property to a level that will support initiation of a Feasibility Study as soon as possible.

New Appointment within the Company
----------------------------------

Comaplex is pleased to report that Mr. Doug Dumka has been promoted within the company to the position of Exploration Manager. Mr. Dumka has been intimately involved on the Meliadine West property for the last 4 years and has made a significant technical contribution to the project and the company.

Doug Dumka, P.Geo. is the Chief Geologist for Comaplex Minerals and is the Senior Project Geologist and designated Qualified Person (Q.P.) for the Meliadine West Project. Mr. Dumka will be supervising drill hole planning, implementation and quality control/quality assurance programs at the Meliadine West project for 2009.

Drill core analysis is performed on cut, half NQ core with standard fire assay procedures and a gravimetric finish (2 assay ton, 1000 gram pulp). QA/QC programs employ the insertion of external standards (low to high grade Au), blanks, and core duplicates every 20 samples. All assaying was completed by TSL Laboratories Ltd. based in Saskatoon, Saskatchewan. TSL completes its own internal QA/QC by inserting a standard, blank, pulp duplicate, and coarse reject duplicate in every batch of 20 analyses. QA/QC compliance was rigorously checked on a continuous basis during the exploration program.

Meterage provided is measured down hole and intersection widths are interpreted to be approximately 80% of true width.

The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.



Meliadine West Property - Comaplex Press Release 09-12
------------------------------------------------------

August 19, 2009
Cut to
60 gmt Au
weigh. aver. weigh. aver.
hole No. area lode meterage (gmt Au/m) (gmt Au/m)
--------- ---- ---- -------- ---------- ----------
M09-812 Tiriganiaq - 1255 376.6- 378.95 5.9 / 2.3m
West Deeps 1255 383.15 - 387.05 8.7 / 3.9m
1255 410.15 - 413.4 23.5 / 3.1m 14.8 / 3.1m
1255 424.85 - 428.2 20.2 / 3.3m

M09-813A F Zone pits 33.0 - 35.35 1.3 / 2.4m

M09-814 Tiriganiaq - 1350 449.75 - 458.85 7.7 / 9.1m
West Deeps incl.
453. 8 - 458.85 11.2 / 5.0m
1253 470.7 - 479.6 14.7 / 8.9m
1253 482.0 - 487.25 9.0 / 5.3m
1100 558.0 - 559.0 6.3 / 1.0m

M09-815 F Zone pits 69.92 - 72.3 5.1 / 2.4m

M09-816 F Zone pits 50.1 - 56.22 7.1 / 6.1m

M09-817 F Zone pits 29.2 - 34.0 11.7 / 4.8m

M09-818 Tiriganiaq upper IF 86.55 - 88.6 6.2 / 2.1m
- West Deeps 1154 395.85 - 402.4 6.2 / 6.5m
1153 426.0 - 427.0 18.7 / 1.0m
1000 469.7 - 478.7 15.5 / 9.0m 15.2 / 9.0m

M09-819 Musket Bay NSV
recon

M09-820W1 Tiriganiaq - 1350 446.8 - 447.3 13.0 / 0.5m
West Deeps 1253 473.8 - 475.96 8.4 / 2.2m
1255 491.61 - 502.11 10.0 / 10.5m
incl.
491.61 - 495 12 24.5 / 3.5m
1153 522.69 - 523.35 15.1 / 0.7m
1015 558.55 - 559.94 6.8 / 1.4m

M09-821 Musket Bay
recon NSV

M09-822 Musket Bay
recon NSV

M09-823 Tiriganiaq -
West Deeps 1155 463.35 - 469.55 6.7 / 6.2m
1153 481.7 - 483.6 9.0 / 1.9m
incl.
483.05 - 483.6 30.6 / 0.5m
1015 525.4 - 525.9 23.3 / 0.5m

M09-824 Musket Bay
recon NSV

M09-825 Musket Bay
recon NSV

M09-826 Musket Bay
recon NSV

M09-827 Tiriganiaq -
West Deeps 1253 501.9 - 503.85 7.3 / 2.0m
1015 591.0 - 593.45 3.3 / 2.5m
1000 610.92 - 614.6 9.0 / 3.7m

M09-829 Musket Bay
recon NSV

M09-831 Musket Bay
recon 199.45 - 199.95 1.2 / 0.5m

Contact Information

  • Comaplex Minerals Corp.
    George F. Fink
    President and CEO
    (403) 265-2846

    Comaplex Minerals Corp.
    Mark J. Balog
    Chief Operating Officer
    (403) 265-2846

    Comaplex Minerals Corp.
    Kirsten Kulyk
    Manager - Investor Relations
    (403) 265-2846
    www.comaplex.com