TSX-V: CJC and TSX-V: MAT Obtain their Permits to Drill the Extensions of the Large Gold Zones Intersected on the Sakami Gold Property

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During the Last Campaign, Such as 2.51 g/t Au Over 48.2 Metres Including 6.93 g/t Au Over 12 Metres

MONTREAL, QUEBEC–(Jan. 21, 2015) - Canada Strategic Metals Inc. (“Strategic Metals” or the “Company”) ($CJC:CA)(FRANKFURT:YXEN) (CJCFF) and Matamec Explorations Inc. (“Matamec”) ($MAT:CA) (MHREF) are very pleased to announce that Quebec’s Ministère de l’Énergie et des Ressources naturelles has issued the drilling permit for 38 drill sites. Strategic Metals plans to drill some 2,000 metres to test the extensions of the gold-bearing zone (Zone 25). The table below shows all the results obtained during the last two 2014 drilling campaigns on the Sakami project.

A map of hole localisation and results is available on the web site of the company at: www.csmetals.ca

Table of mineralized intersections from holes drilled on the Sakami project since December 2013

Hole # From (m) To (m) Length* (m) Au (g/t)
PT-13-64 68.85 69.90 1.05 1.27
  171.00 171.50 0.50 3.62
PT-13-65 112.50 138.00 25.50 3.03
Including 126.00 138.00 12.00 4.00
PT-13-66 109.95 125.40 15.45 1.18
PT-13-67 126.90 154.85 27.95 3.78
Including 132.25 154.85 22.60 4.01
Including 138.00 145.00 7.00 7.21
PT-13-68 200.50 221.00 20.50 2.77
Including 201.65 215.00 13.35 3.23
Including 201.65 205.00 3.35 4.71
  278.25 281.10 2.85 2.82
  294.00 297.00 3.00 1.70
PT-13-69 213.05 226.50 13.45 1.32
PT-13-70 78.75 99.00 20.25 1.27
Including 78.75 86.00 7.25 2.22
PT-13-71 49.10 51.65 2.55 2.06
  102.00 121.50 19.50 2.97
Including 107.40 121.50 14.10 3.78
Including 112.00 121.50 9.50 3.95
PT-13-72 112.50 130.40 17.90 2.24
Including 112.50 119.00 6.50 3.65
PT-14-73 150.65 172.50 21.85 1.46
Including 160.50 172.50 12.00 2.16
PT-14-74 237.65 264.00 26.35 2.30
Including 243.70 252.50 8.80 3.80
Including 247.70 252.50 4.80 5.18
PT-14-75 274.05 281.20 7.15 2.40
PT-14-76 180.00 183.00 3.00 1.57
  198.00 199.50 1.50 1.36
Pt-14-77 103.50 104.70 1.20 1.33
  129.00 130.50 1.50 1.98
  153.00 154.50 1.50 1.00
  165.00 168.00 3.00 1.65
  174.00 176.00 2.00 1.46
  180.00 182.25 2.25 2.02
PT-14-78 193.50 195.00 1.50 1.37
  208.50 213.00 4.50 2.15
PT-14-79 188.00 236.20 48.20 2.51
Including 188.00 200.00 12.00 6.93
Including 190.00 196.00 6.00 11.35
Including 202.50 207.00 4.50 1.33
Including 226.50 234.00 7.50 3.06
PT-14-80 157.50 163.50 6.00 1.03
  179.00 181.75 2.75 2.08
  187.50 190.50 3.00 2.32
  201.00 202.00 1.00 1.28
  203.00 204.00 1.00 3.11
PT-14-81 228.00 232.60 4.60 2.58
PT-14-82 231.45 271.70 40.25 1.43
Including 231.45 235.50 4.05 5.12
Including 231.45 240.00 8.55 3.58
Including 256.85 259.00 2.15 3.83
Including 267.50 271.70 4.20 2.38
PT-14-83 240.00 295.50 55.50 1.06
Including 240.00 252.00 12.00 3.54

* Core length; the Company estimates the true width of the mineralized zone at 80 to 95% of the core length.

The 2014 drilling program was managed by Consul-Teck Exploration of Val-d’Or, Quebec, which designed the drilling campaign, supervised the program and logged and sampled the core.

Consul-Teck Exploration implemented QA/QC procedures to ensure best practices in core sampling and analysis. The drill core was logged and then split, with one-half sent for assay and the other retained in the core box as a witness sample. Duplicates, standards and blanks were inserted regularly into the sample stream.

The samples in secure tagged bags were delivered directly to the analytical facility for analysis. In this case, the analytical facility was the Bourlamaque Ltee laboratory in Val-d’Or, Quebec. The samples are weighed and identified prior to sample preparation. All samples are analyzed by fire assay with AA finish on a 30g sample (0.01-10 ppm Au), with a gravimetric finish for assays over 10 ppm Au.

Jean-Sebastien Lavallée (OGQ #773), geologist, shareholder and President and Chief Executive Officer of the Company and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.

About Canada Strategic Metals

Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 20,000 hectares in Quebec. With broad management experience in green technology and junior resource exploration and development, Canada Strategic Metals is well positioned to aggressively advance this promising property portfolio for its shareholders.

For more information on the Company, please visit www.csmetals.ca.

Contact Information

  • Jean-Sebastien Lavallee, P. Geo
    Chief Executive Officer
    819-354-5146

    Christophe Romary
    President
    514-913-7483

    Paradox Public Relations
    514-341-0408

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