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Vancouver, B.C.: CMC Metals Ltd. (the "Company") is pleased to announce that the 2011 bulk sample ore will be prepared for shipment by the end of this week. Based on preliminary sampling and grade control assays, 300 tonnes of the bulk sample can be direct shipped immediately. The Company is finalizing a test shipment contract that will provide the foundation for further shipments over the next few months. It is proposed that the entire bulk sample will be prepared for shipping and contracted for sale by year end. Estimated final tonnage that was removed from the site was 1700 tonnes up from 130 tonnes which was removed last year. Unfortunately weather conditions dictated the work stoppage and the removal of the equipment and bulk sample before meeting the 2500 tonne goal. Final tonnage will be determined during the shipping process.
Furthermore, the Company wishes to announce that it has granted 250,000 common shares pursuant to an incentive stock option under the Company's Rolling Stock Option Plan, which Plan received shareholder approval at its last Annual General Meeting held June 23, 2011. The options have been granted for a one year period expiring October 1, 2012 at the exercise price of $0.33 per share, subject to TSX Venture Exchange approval.
In compliance with NI 43-101, Don Wedman, P.Eng., President and Chief Executive Officer of the Company, is the Qualified Person who prepared or supervised the preparation of the technical information presented in this news release.
This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.
On behalf of the Board:
"Donald W. Wedman"
Donald W. Wedman, P.Eng.
CMC METALS LTD.
For further information on the Company, please contact Mr. Gord Zelko, VP Business Relations at MineralStocks Consulting. Telephone: 250-495-7123, or Email: gz@mineralstocks.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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