Constantine Metal Resources Ltd. announce 2021 plans for the Palmer VMS Project located in Southeast Alaska. A budget of $8.8 million for the 2021 work program has been approved by the Constantine Mining LLC Joint Venture, including plans for 6,000 meters of drilling. Dowa Metals & Mining Alaska Ltd. has committed to fund the entire 2021 work program which will result in dilution of Constantine's CMJV interest. Dilution is pro-rated according to expenditures and Constantine's interest in the CMJV will be diluted to no less than 44%. Constantine will remain as operator of the Project to oversee the 2021 work program. The multi-purpose 2021 drilling program at Palmer will consist of 1,800 meters of exploration drilling to explore for the fault off-set of the thick South Wall deposit, 2,500 meters of resource upgrade drilling on a thick copper rich portion of the down-dip inferred South Wall copper-zinc-silver-gold resource and 1,700 meters of geotechnical drilling to support the planned underground exploration program and provide information required to advance the project to feasibility. Palmer is a high-grade volcanogenic massive sulphide-sulphate project located in a very accessible part of coastal Southeast Alaska, with road access to the property and within 60 kilometers of the year-round deep-sea port of Haines. Mineralization at Palmer occurs within the same belt of rocks that is host to the Greens Creek mine, one of the world's richest VMS deposits. In 2019, the Company reported a positive Preliminary Economic Assessment for the Project with a post-tax NPV7% of USD 266 million. The PEA outlined the potential for a low capex, low operating cost, high margin underground mining operation with attractive environmental attributes. Metal prices used for the PEA were copper $2.82/lb, zinc $1.22/lb, silver $16.26/oz, gold $1,296/oz, barite $220/tonne. The PEA is preliminary in nature and includes inferred mineral resources that are too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that PEA results will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Exploration work at Palmer has continued to grow the resource estimate to its current size of 4.68 million tonnes indicated grading 5.23 % zinc,1.49 % copper, 30.0 g/t silver, 0.30 g/t gold and 9.6 million tonnes inferred grading 4.95 % zinc, 0.59 % copper, 69.3 g/t silver, 0.39 g/t gold. VMS deposits are known to occur in clusters, and with at least 25 separate base metal and/or barite occurrences and prospects on the Project, there is abundant potential for discovery of multiple deposits.