CZM Capital Corp.
TSX VENTURE : CZM

CZM Capital Corp.

July 10, 2007 08:00 ET

CZM Starts Phase III Drilling at Tag Gold-Silver Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 10, 2007) - CZM Capital Corp., (TSX VENTURE:CZM), is pleased to announce that the third phase of drilling is well underway on the TAG Gold-Silver Project located on Taku Arm of Tagish Lake 35 km due west of Atlin, BC. This is the third drill program on the property in less than 18 months. As of today, five holes have been drilled covering a horizontal distance of 250m. The "025 Fault Zone" has been intersected in all holes with drill intercepts ranging from 10 to 15m wide. Approximately 114 samples have been split and shipped to an analytical laboratory.

In two previous drill campaigns CZM has drilled 3408m in 23 holes and has intersected gold-silver mineralization in all holes with precious metal values ranging up to a maximum of 7.5g/t gold ("Au") and 300.0g/t silver ("Ag"). The best intersection returned 3.6g/t Au and 22.9g/t Ag over 4.7 m in TAG06-21. This intersection was found in a broader intersection of 2.2g/t Au and 9.3g/t Ag over 16.2 m. The widest intersection returned to date returned 1.0g/t Au and 3.8g/t Ag over 27.5m in TAG06-22. Please refer to previous press releases available at www.czmcapital.com to obtain all reported weight averaged drill intersections as well as a longitudinal section.

The 025 Fault zone is a highly deformed interval of shearing, quartz veining, stockwork and breccia with disseminated to stringer sulphide mineralization that cuts calcareous sedimentary rocks. Sediment-hosted, structurally controlled gold deposits are some of the world's most significant gold resources. The TAG property shows all the features that characterize these deposit types.

The current drill program will see up to 4000m of drilling in order to link the Main and Bearox surface showings. The goal of the program will be to test the far south end of the 025 Fault over a 1.2km of strike length and up to depths of 300m below surface. The 025 Fault continues for an additional 4.8km on the TAG property. A soil geochemical survey is currently underway and an airborne magnetic is about to commence in order to define drill targets further north of the current drilling. With this data CZM intends to accomplish another 8000m of drilling before the end of October 2007.

"I am very satisfied at how rapidly this project is progressing and I expect that this round of drilling will be finished before the end of July" stated Mark Fekete P.Geo., a director of CZM whom is currently on site and is the designated "qualified person" as defined in Section 1.2 in and for the purposes of National Instrument 43-101 responsible for the preparation of this release.

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.

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.

Shares Issued 20,345,750

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

Contact Information