CSL Comstock Metals Ltd

Comstock Metals Ltd. (TSX VENTURE:CSL) (the "Company") is pleased to announce a
closing of the private placement (the "Offering") previously announced on July
5, 2013. Pursuant to the Offering, the Company has issued 2,352,941 flow-through
common shares at a price of $0.17 per share for gross proceeds of $400,000.


In connection with the closing, the Company paid finder's fees consisting of
cash in the amount of $36,000 and finder's warrants exercisable to acquire up to
94,118 common shares of the Company at a price of $0.27 per share for a period
of 12 months.


The proceeds of the placement will be used by the Company to incur eligible
Canadian Exploration Expenses, as defined by the Income Tax Act (Canada). The
securities issued pursuant to the Offering are subject to a four month hold
period, expiring on November 10, 2013.


The Company may complete additional closings pursuant to the Offering, as
described in its July 5, 2013 news release.


About Comstock Metals Ltd.

Comstock has optioned 494 claims covering 10,374 hectares (25,634 acres) within
the prolific White Gold District in the Yukon Territory about 70 kilometres
south of Dawson City. The claims were optioned from Shawn Ryan, a Yukon-based
prospector responsible for the discovery of two of the prominent gold
discoveries in the White Gold district: Kinross Gold's 1.5 million ounce
Golden-Saddle deposit and Kaminak Gold's Coffee projects. The Company has
completed two soil-sampling programs on the Yukon property with encouraging
results. 


The Company is also earning a 75% interest on the Corona project by an option
agreement from Golden Goliath Resources (GNG). Comstock's Corona Gold-Silver
project is located in the prolific Uruachic Mining camp in Chihuahua, Mexico,
and the Company completed a drill program in the spring of 2012. The drill
program discovered two new zones of gold and silver mineralization. Please visit
the Company's website for the details. Previous reverse circulation drilling
identified both bulk tonnage and high-grade vein type gold/silver targets, some
of which the Company plans to diamond-drill.


For the Corona Gold Silver Project details please visit the following link: 

http://comstock-metals.com/projects/mexico/corona/

To learn more please visit the Company's website at: www.comstock-metals.com

COMSTOCK METALS LTD.

Rasool Mohammad, B.Sc. (Mining), President & CEO

Neither 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.


This press release does not constitute an offer to sell or solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to a U.S. Person unless
registered under the U.S. Securities Act and applicable state securities laws or
an exemption from such registration is available.


Disclaimer for Forward Looking Information

This news release includes forward looking statements that are subject to
assumptions, risks and uncertainties. Statements in this news release which are
not purely historical are forward looking statements, including without
limitation any statements concerning the Company's intentions, plans, estimates,
expectations or beliefs regarding the future. Although the Company believes that
any forward looking statements in this news release are reasonable, there can be
no assurance that any such forward looking statements will prove to be accurate.
The Company cautions readers that all forward looking statements, including
without limitation those relating to the Company's future operations and
business prospects, are based on assumptions none of which can be assured, and
are subject to certain risks and uncertainties that could cause actual events or
results to differ materially from those indicated in the forward looking
statements. Readers are advised to rely on their own evaluation of such risks
and uncertainties and should not place undue reliance on forward looking
statements.


Any forward looking statements are made as of the date of this news release, and
the Company assumes no obligation to update the forward looking statements, or
to update the reasons why actual events or results could or do differ from those
projected in the forward looking statements. The Company assumes no obligation
to update any forward looking statements, whether as a result of new
information, future events or otherwise except as otherwise required by law.


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


Comstock Metals Ltd.
Larry Johnson
604-639-4533
www.comstock-metals.com

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