CZM Capital Corp.

CZM Capital Corp.

November 01, 2006 08:00 ET

CZM Commences Phase 2 Drilling on TAG Gold-Silver Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 1, 2006) -

This news release is not for dissemination in the Unites States of America or to United States of America news services.

CZM Capital Corp., (TSX VENTURE:CZM), is pleased to announce that it has commenced Phase 2 drilling on the TAG gold-silver property located on Taku Arm of Tagish Lake 35 km due west of Altin, BC.

CZM plans to complete up to a 2000m diamond drill program on the Main Zone to depths up to 300m. Mobilization and winterized camp construction for this second round of drilling on the TAG property were completed in late October 2006. The Main Zone consists of quartz breccia and stockwork veining at the far south end of the "025 Fault". This gold-silver bearing structure continues and remains untested northward from the Main Zone and Bearox Zone over a 6km length of the TAG property.

CZM completed 1400m of drilling on the TAG project in May 2006 with grades ranging from 0.4 to 7.5g/t Au and from 0.5 to 106.5g/t Ag including 17.45m of 2.3g/t gold and 11.7g/t silver. Average widths of the structure from drilling are over 10 metres.

Mineralization was discovered at the TAG property in 1988 during a regional prospecting program north of the past producing Engineer Gold Mine. Soil and rock geochemical surveys, geological mapping and trenching have identified many drill targets on the property and several styles of mineralization. The first style is structurally controlled-type that consists of epithermal breccia and quartz stockwork veining. The second sediment hosted-type shows sulphide veinlets without quartz. The third style is mesothermal vein-type mineralization. Surface outcrop sampling has returned silver grades to 1,374 g/t and gold grades up to 9 g/t from rock chips. Soils have returned up to 18.7 g/t gold. Mineralization has been mapped at surface intermittently along nearly 3km of a 6km structure. Soil geochemical work outlines anomalous gold zones up to 100m wide and nearly 1000m long.

CZM holds an option to acquire a 100% interest in the TAG property by making cash and share payments and by meeting work commitments over a three-year period.

The project will be conducted under the supervision of Mark Fekete P.Geo., a qualified person under the 43-101 guidelines.

About CZM Capital Corp.

CZM Capital Corp. is a resource exploration company focused on the exploration and development of Gold and Silver properties in British Columbia.

On behalf of CZM Capital Corp.,

Zachery Dingsdale, President & CEO

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.

Contact Information