Comaplex Minerals Corp.
TSX : CMF

Comaplex Minerals Corp.

July 10, 2008 23:59 ET

Comaplex Provides an Update on the Meliadine West Exploration Program

CALGARY, ALBERTA--(Marketwire - July 10, 2008) -

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

Comaplex Minerals Corp. (TSX:CMF) is pleased to provide an update on the 2008 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%.

Scoping Study

-------------

An external, third party Scoping Study (Preliminary Economic Assessment) is well advanced on the Meliadine project. It is estimated that the NI43-101 compliant document will be complete and ready for distribution in mid to late summer.

2008 Drill Program

------------------

Drilling on the Tiriganiaq deposit started in early April and 20,000-25,000 meters of drilling is expected to be completed some time in September of this year. There are presently three drills active on the property with 10,024 meters in 32 holes completed to date. The 2008 drill program is predominantly an infill program to upgrade resource status and increase understanding in the Western Deeps portion of the Tiriganiaq gold deposit. Two drills are testing targets in the Western Deeps portion of the Tiriganiaq deposit (the deeper, down-plunge western extension of the orebody). A total of 18 drill-holes (8,518 meters) have been completed to date. Lab results have been received for only five of these holes.

The third rig is infill testing the F Zone gold mineralization, located four kilometers southwest of the Tiriganiaq deposit. The goal of the drilling is to determine the open pit potential of three shallow targets in the zone. A total of 1,506 meters in 14 short holes have been completed at this time.

Results from the first five holes are detailed in this release. All five of the drill-holes released targeted the 1,255 lode gold mineralization in the Western Deeps area of the Tiriganiaq deposit at depths of 375 to 450 meters below surface (see http://files.newswire.ca/437/Comaplex0609.pdf for approximate hole locations). The results from these holes continue to confirm that significant gold mineralization is present in multiple lodes in the Western Deeps.

Detailed drill results on all five holes are attached to this release. Highlights include:




11.8 gmt gold over 6.9 meters in hole M08-720A
including: 17.4 gmt gold over 4.0 meters
48.3 gmt gold over 9.4 meters in hole M08-721
and: 12.9 gmt gold over 2.8 meters
17.5 gmt gold over 3.6 meters in hole M08-723
15.3 gmt gold over 10.1 meters in hole M08-725
and: 10.8 gmt gold over 21.5 meters
including: 15.2 gmt gold over 7.6 meters



Drilling results to date are consistent with expectations for the deposit. However, the turnaround time for assay results from TSL Laboratories Inc., Saskatoon, Saskatchewan, has been considerably slower than normal due to the lab's substantial workload (drilling core and chip and channel samples from the bulk sample program) associated with Comaplex, and more than normal activity from other mining ventures. It is hoped that a significant number of assays will be forthcoming in the near term.

Comaplex is experimenting with a process of wedging off of an existing drill-hole to get a second intersection from that hole. If successful, the technique will decrease the amount of drilling required. This process is fairly new in the permafrost bearing ground in the north but results to date are encouraging.

Underground Exploration Program Continues

-----------------------------------------

Underground exploration on the Tiriganiaq gold deposit has been active through the winter and will continue into the late summer. At present, 948 meters of decline development (5.2m x 5.3m) has been completed. Access to the 1,100 gold lode at 70 meters below surface was achieved in mid March.

Drifting along the 1,100 mineralized lode is largely complete (total of 157 meters) and a total of 95 rounds were excavated and processed through a crusher and sample tower on a round by round basis. Representative samples of each round of ore has been, or will be, sent to SGS Research (Lakefield) in Lakefield, Ontario for assaying and further metallurgical work. Assay results of the bulk sample ore rounds will be compared to the drill results for each zone.

It is expected that decline development will conclude in the third week of July, with drifting and bulk sampling of the 1,000 lode mineralization completed in early September (at approximately 120 meters below surface). Comaplex has extended the original underground program to include additional drifting, cross-cuts, and raises through other gold bearing lodes in the deposit. The underground exploration work should be finished at about the same time as the surface drilling program, in mid to late September.

Drill results from the summer exploration program will be released on a timely basis as assays are received from the lab. Results from the underground exploration bulk sample are expected to be received on an ongoing basis in the near future and will be reported when the results have been interpreted.

Other

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A 4,000 meter diamond drill program has commenced on the Meliadine East property (Comaplex 50% and Meliadine Resources Ltd 50% and operator). Results will be reported as received.

Grassroots exploration gold programs will be conducted on the Meliadine West property this summer. Significant, high grade gold bearing boulder fields west of the Tiriganiaq deposit have yet to be sourced.

At this time, there are no plans to complete exploration for the source of the diamond bearing till samples on the east end of the property. Unrelated third party activity around Comaplex's claim block is continuing this summer and Comaplex will monitor results from that exploration before committing resources to the diamond play.

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 supervised drill hole planning, implementation and quality control/quality assurance programs at the Meliadine West project for 2008.

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 08- 10 July 10, 2008

-------------------------------------------------------
Cut to
60 gmt Au
weigh. weigh.
aver. aver.
hole(No.) area lode meterage (gmt Au/m) (gmt Au/m)
--------- ---- ---- -------- ---------- ----------
M08-720A Tiriganiaq 1255 444.55-451.50 11.8/6.9m
- West Deeps incl. 447.45-451.5 17.4/4.0m
1255 455.85-457.8 6.3/2.0m
M08-721 Tiriganiaq 1255 459.8-462.6 12.9/2.8m
- West Deeps 1255 468.7-478.05 48.3/9.4m 29.1/9.4m
M08-722 Tiriganiaq 1253 407.2-408.2 13.1/1.0m
- West Deeps 1252 450.0-450.5 11.0/0.5m
M08-723 Tiriganiaq 1255 421.9-425.45 17.5/3.6m
- West Deeps 1015 508.1-510.0 11.1/1.9m
1015 514.2-516.5 8.4/2.3m
M08-725 Tiriganiaq 1255 391.4-401.5 15.3/10.1m
- West Deeps 1252 411.0-432.5 10.8/21.5m 10.5/21.5m
incl. 416.4-424.0 15.2/7.6m
1015 500.7-503.2 8.7/2.5m



%SEDAR: 00001166E

Contact Information

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

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