CMC Metals Ltd. (CMB:TSXV)

CMC Metals Ltd. announced that the exploration assays from the infill drilling at the M zone and TM drilling to test continuation at deeper limits. A total of1,928.7 meters were logged in 2009. Twenty-eight drill holes were completed to test new areas plus step-out and down dip depth drilling at the M and TM zones to determine continuation of the mineralized structure. Based on the current drilling, the Company has sufficient data to model the geological structure for the M zone and develop an initial resource estimate. Although the KL and M zone structures are substantially different than the high grade TM and S zones, the primary interest is for a potential blending feedstock at the proposed mill. The following are the highlights from the 2009.

CMC Metals Ltd. announced the preliminary test results from the detailed high grade vein surface sampling in the TM pit at the Silver Hart Mine site. In July surface trench sampling in preparation for pre-production, the Company defined new high grade vein. Further preliminary insitu assaying with the XRF Niton XLt3 proceeded every two meters to detail the variability of the vein assays. Multiple assays were conducted at each station location and averaged to provide an indicative value. Representative surface samples were collected and will be assayed at ACME Laboratories for a definitive assay. A sampling and assay QA/QC program was instituted with daily calibrations, standards, and statistically significant number of samples measured. The nature of insitu sampling and the relative inherent instrument error of XRF Niton XLt3 assays should be considered for indicative purposes only and should not be relied upon until comparative lab assays are completed. Widths are horizontal sample widths. Insitu sample locations were based on a systematic sampling protocol and not random sampling.

CMC Metals Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2009. For the quarter, the company reported net loss of CAD 96,990 or CAD 0.01 basic and diluted loss per share compared to net loss of CAD 189,124 or CAD 0.01 basic and diluted loss per share for the same period a year ago. Cash flows used in operating activities was CAD 520,067 and capital spend on mineral property expenditures was CAD 112,406 compared to cash flows used in operating activities of CAD 606,333 and capital spend on mineral property expenditures of CAD 745,059 for the same period a year ago. For nine months, the company reported net loss of CAD 229,306 or CAD 0.01 basic and diluted loss per share compared to net loss of CAD 433,595 or CAD 0.03 basic and diluted loss per share for the same period a year ago. Cash flows used in operating activities was CAD 675,953 and capital spend on mineral property expenditures was CAD 263,884 compared to cash flows used in operating activities of CAD 641,800 and capital spend on mineral property expenditures of CAD 1,208,842 for the same period a year ago.