CFI Califfi Capital Corp

Canada Fluorspar Inc. (TSX VENTURE:CFI) ("CFI" or the "Company") is pleased to
announce an update of its exploration activities on the Director and Grebes Nest
Veins located on the Company's 100% owned mineral properties at St. Lawrence,
Newfoundland.


On January 15, 2013, the Company commenced a 13,000 meter (approximately 35
holes) drilling program on its 100% owned Director Vein fluorspar property. The
first phase of the program will include 3,000 meters to be drilled as part of
northern extension of the old Alcan workings at greater depths than the
previously drilled by Alcan. Historical mining operations by Alcan on the
property produced in excess of 4.2 million tonnes of fluorite from 1942 to 1977,
with the Director vein having an average 60% CaF2. The first phase of the
drilling program will also include a further 5,000 meters to be drilled on the
Director South Extension area based on the vein identified in the 2012 trenching
program.


In addition to drilling the Director prospect, the Company plans to carry out
surface trenching on its Grebes Nest property in St. Lawrence during the first
half of 2013. Pending these trenching results, the Company plans to drill
approximately 5,000 meters on the Grebes Nest property in the second half of
2013. 


"We are very encouraged by the results of the 2012 Director Vein trenching
program, a vein that has a history of significant high grade fluorspar," stated
Lindsay Gorrill, President & CEO of the Company. He also added that, "We have
long been aware of the 41 identified veins of fluorspar on our exploration
licenses and are looking forward to trenching programs at Grebes Nest, Scrape,
Church and Black Duck to help us better understand these other prospects and,
together with our Newspar partnership, to get us closer to our goal of becoming
a major player in the fluorspar industry."


About the Company

The Company is a specialty mineral resource company engaged in the development
of fluorspar deposits located in St. Lawrence, Newfoundland, Canada, and is
reactivating the existing Blue Beach North and Tarefare underground fluorspar
mines, expanding the existing mill, constructing a new, environmentally-sound
Tailings Management Facility through Newspar, which it's a 50/50 joint venture
with Arkema. The Company is also building a new deep-water marine terminal in
the outer St. Lawrence Harbour for the export of fluorspar concentrate product.


Mr. James H. Reeves, Senior Geologist with CFI, who is a Qualified Person as
defined in National Instrument 43-101 - Standards of Disclosure for Mineral
Properties, reviewed and approved the technical content of this news release.
The information regarding historic production has not been verified by the
Company and is provided for reference only.


Cautionary Statement on Forward Looking Statement

Certain information contained in this news release, including information as to
our strategy, projects, plans or future financial or operating performance and
other statements that express management's expectations or estimates of future
performance, constitute "forward looking statements". Actual results may differ
materially from those indicated by such statements. All statements, other than
historical fact, included herein, including, without limitations statements
regarding future production, are forward-looking statements that involve various
risks and uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements.


The historic production information provided has not been verified by the
Company and is provided for reference only.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canada Fluorspar Inc.
Lindsay Gorrill
President and CEO
1-800-823-8095
lgorrill@canadafluorspar.com
www.canadafluorspar.com

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