SOURCE: Cigma Metals Corporation

August 14, 2009 13:09 ET

Cigma Metals Corporation Announces the Completion of a Maiden Inferred Resource Estimate on Three Major Prospects, Beskauga, Quartzite Gorka and Berezki East of the Dostyk Project in Kazakhstan: 3,022,066 Ounces Gold and 427,564 Tonnes Copper With Credits for Silver and Molybdenum

ALMATY, KAZAKHSTAN--(Marketwire - August 14, 2009) - Cigma Metals Corporation (the "Company," "Cigma") (PINKSHEETS: CGMX) (FRANKFURT: C9KA) is pleased to announce the completion of a maiden Inferred resource estimate on three major prospects, Beskauga, Quartzite Gorka and Berezki East of the Dostyk project in Kazakhstan: 3,022,066 ounces gold and 427,564 tonnes copper with credits for silver and molybdenum.

Beskauga, Quartzite Gorka and Berezki East are three out of ten prospects situated on the Dostyk License of 2,776 sq km.

Cigma carried out an intensive exploration drilling program during 2007 & 2008 (Table 1). The drilling campaign on all project areas was intended to explore continuity for the mineralization zone along strike and dip and resulted in new findings. The Company is very encouraged by drill results and believes that all prospects have great potentials.


    Table 1: Summary of 2007-2008 Drilling Program

                          Diamond Drill  Total Meters
Prospect                  Holes Drilled    Drilled
                          -------------- --------------
Berezki East                          12          3,945
Beskauga                              22          6,048
Quartzite Gorka                       20          5,645
                          -------------- --------------
Total                                 54         15,638
                          ============== ==============

Berezki East Prospect

The drilling confirmed over 420 meters of continuity for the mineralization zone along strike with an average width of approximately 50 meters and reaching 80 meters in places. It has been traced down to a depth of 350 meters and remains open both on strike and depth. The oxidation zone extends from surface down to 40 meters and could be suitable for free-milling and heap-leach gold-copper extraction.

The best results include:

--  112m at 1.61g/t gold equivalent from surface in drill hole Bz6,
    including 17.2m at 4.8g/t gold equivalent
--  136m at 1.15g/t gold equivalent from 30m in drill hole Bz14, including
    52m at 2.6g/t gold equivalent
    

Beskauga Prospect

The drilling led to a discovery of two large mineralization zones within aureole of hydrothermal alteration on area over 7 km2. The drilling confirmed over 2,000 meters of interrupted continuity for each mineralization zone along strike with an average width of approximately 200 meters for the eastern zone and 60 meters for the western zone. The gold-copper mineralization remains open on both ends of the zones and to depth.

The best results include:

--  193.4m at 1.6g/t gold equivalent from 45.1m in drill hole Bg3,
    including 66.7m at 2.52g/t gold equivalent
--  263.9m at 0.9g/t gold equivalent from 42.4m in drill hole Bg1,
    including 71.9m at 1.08g/t gold equivalent
--  282m at 0.9g/t gold equivalent from 37.1m in drill hole Bg16,
    including 52.8m at 1.08g/t gold equivalent
    

Quartzite Gorka Prospect

The drilling program was intended to explore both the lateral and vertical extension of the gold-copper mineralization controlled by north-west trending zone of hydrothermal alteration. The drilling confirmed over 750 meters continuity of mineralization along strike with an average width of approximately 50-70m. The gold-copper zone remains open both to south-east and to north-west.

The best results include:

--  119m at 1.0g/t gold equivalent from 38m in drill hole Q19
--  143.6m at 1.75g/t gold equivalent from 106m in drill hole Q10
--  78m at 1.46g/t gold equivalent from 85m in drill hole Q1
    

In the first part of 2009 the Company saw the completion of the first round of the Australasian Joint Ore Reserves Committee (the "JORC") code compliant Resource statements - see Table 2.


                   Table 2: Summary of the Resources

                                        Cu                    Mo
Prospect                   Au (Oz)   (Tonnes)    Ag (Oz)   (Tonnes)
                          ---------- ---------- ---------- ----------
Berezki East                 288,886     15,835    636,316          -
Beskauga                   2,380,644    368,484 10,342,519     30,598
Quartzite Gorka              352,536     43,245  3,508,898          -
                          ---------- ---------- ---------- ----------
Total                      3,022,066    427,564 14,487,733     30,598
                          ========== ========== ========== ==========

Primary Geology and Infrastructure

All deposits are situated within large-scale gold-copper-porphyry systems. The deposit areas are composed of strongly hydrothermaly altered volcanic and intrusive rocks with numerous geochemical gold-copper anomalies. The gold-copper mineralisation is associated with pyrite and chalcopyrite within wide-spread zones of chlorite-epidotic alteration. The deposits belong to a gold-copper-porphyry type of mineralization, which is found in over 70% of the world's copper resources. This type of mineralization is characterized by large dimensions and relatively low grades. Since 1980 several gold-copper mines world-wide have been producing copper-gold concentrates from ores grading 0.5g/t to 1.0g/t of gold equivalent. The ore resources of such deposits usually extend hundreds of million tonnes.

The Dostyk project of 2,776 km2 (Figure 1) is located in the North Eastern region of Kazakhstan near to the Russian and Chinese border. Infrastructure is just perfect with sealed roads and railways crossing the license area. Power lines with voltage up to 1,150 kW cross the project area. The region has been mined for gold, base metals, nickel, coal and others.

Cigma Metals Corporation is a mineral exploration company focusing on the exploration and development of its mineral exploration property located in the Pavlodar province of Kazakhstan and its two exploration properties in the Tomsk province of Russia. All the project areas were selected due to their proximity to a well-developed infrastructure, known mineral occurrences and from historical records of gold and base metals production. The Company's stock is quoted for trading in the United States of America on the OTC Pink Sheets under the symbol "CGMX.PK," and under the symbol "C9KA.F" on the Frankfurt Exchange, in Germany.

For further information please contact Agustin Gomez de Segura:

Address:    18, 80 Furmanova Str, Almaty, Republic of Kazakhstan
Telephone:  Almaty Office +7 327 2611 026
Website:    http://www.cigmametals.com

ON BEHALF OF THE BOARD

"Agustin Gomez de Segura"
Agustin Gomez de Segura
President, CEO and Director

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains statements that plan for or anticipate the future, called "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of those terms and other comparable terminology.

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Many of these contingencies and uncertainties can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Forward-looking statements are not guarantees of future performance. These cautionary statements qualify all of the forward-looking statements made in this press release. Specific reference is made to our most recent annual report on Form 10KSB and other filings made by us with the United States Securities and Exchange Commission for more detailed discussions of the contingencies and uncertainties enumerated above and the factors underlying the forward-looking statements. These reports and filings may be inspected and copied at the Public Reference Room maintained by the U.S. Securities & Exchange Commission at 100 F Street, N.E., Washington, D.C. 20549. You can obtain information about operation of the Public Reference Room by calling the U.S. Securities & Exchange Commission at 1-800-SEC-0330. The U.S. Securities & Exchange Commission also maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the U.S. Securities & Exchange Commission at http://www.sec.gov/.

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