CSL Comstock Metals Ltd

Comstock Metals Ltd. (TSX VENTURE:CSL) ("Comstock" or "the Company") is pleased
to announce the start of its exploration activities including reverse
circulation drilling, diamond-drilling, IP survey, trenching, and soil-sampling
on its QV Project in the Yukon Territory.


The Company will start a spring-summer exploration program on or about April 26,
2013 in preparation for a diamond-drill program, anticipated to start in early
May.


The first phase of the diamond-drill program will focus on expanding the newly
discovered VG Zone through systematic drilling along strike and depth. The
Company discovered the VG Zone in 2012 through systematic soil-sampling and
trenching followed by an eight-diamond-drill program. Seven out of eight
diamond-drill holes intersected near-surface gold mineralization, and hole
QV12-004 drilled 2.34 grams per tonne gold (g/t Au) over 89.85 metres (m)
starting at 43.75 m, including 3.04 g/t Au over 45.5 m.


New targets such as the Shadow Zone and Stewart Grid, 12 kilometres (km) and 7
km respectively from the VG Zone, will be followed up by additional trenching,
IP survey, and reverse circulation drilling.


The Corona Gold-Silver Project Option Exercise

The Company has completed the exercise of the Corona Gold-Silver Project Option.
The Company now owns 60 percent of the Corona Gold-Silver Project and will be
advancing the Project with its 40 percent joint venture partner, Golden Goliath
Resources, on a prorated basis. Comstock will remain the operator. 


The Corona Gold-Silver Project is located in the heart of the world-renowned
Sierra Madre Occidental (SMO) precious metals belt in Mexico, and is surrounded
by producing gold and silver mines and deposits. Agnico-Eagle Mines have
operating gold-silver mines in the area, and Fresnillo PLC's Orisyvo gold
deposit of 9.6 million ounces gold is 25 km away. The Company carried out a
diamond drilling program in 2012 at Corona, which defined a significant
mineralized system consisting of both porphyry and epithermal styles of precious
metal enrichment. Additional work is planned on this project when market
conditions permit.


The technical information in this Release has been reviewed by Gordon Davidson,
P.Geol., a Qualified Person as defined by National Instrument 43-101.


About Comstock Metals Ltd.

Comstock Metals' flagship project is the QV Property in the Yukon Territory,
which covers 14,180 hectares (35,000 acres) within the prolific White Gold
District in the Yukon Territory, about 70 kilometres south of Dawson City.
Kinross Gold's Golden Saddle deposit is 10 km to the southeast, and Kaminak
Gold's Coffee projects are about 40 km to the south. 


Comstock's Corona Gold-Silver Property is located in the prolific Sierra Madre
Occidental in Chihuahua, Mexico. The Company completed a drill programme in the
spring of 2012, which discovered two new zones of gold and silver
mineralization. 


FORWARD-LOOKING INFORMATION

This News Release includes forward-looking information and statements, which may
include, but are not limited to, information and statements regarding or
inferring the future business, operations, financial performance, prospects and
other plans, intentions, expectations, estimates, and beliefs of the Company.
Information and statements which are not purely historical fact are
forward-looking statements. Forward-looking information and statements involve
and are subject to assumptions and known and unknown risks, uncertainties, and
other factors which may cause actual events, results, performance, or
achievements of the Company to be materially different from future events,
results, performance, and achievements expressed or implied by forward-looking
information and statements herein. Although the Company believes that any
forward-looking information and statements herein are reasonable, in light of
the use of assumptions and the significant risks and uncertainties inherent in
such information and statements, there can be no assurance that any such
forward-looking information and statements will prove to be accurate, and
accordingly readers are advised to rely on their own evaluation of such risks
and uncertainties and should not place undue reliance upon such forward-looking
information and statements. Any forward-looking information and statements
herein are made as of the date hereof, and the Company assumes no obligation and
disclaims any intention to update or revise any forward-looking information and
statements herein, or to update the reasons that actual events or results could
or do differ from those projected in any forward-looking information and
statements herein, whether as a result of new information, future events or
results, or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Comstock Metals Ltd.
Rasool Mohammad, B.Sc. (Mining)
President & CEO
(604) 639-4533


Comstock Metals Ltd.
Larry Johnson, B.Sc. (Geology)
Chief Financial Officer
(604) 639-4533
info@comstock-metals.com
www.comstock-metals.com

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