Comstock Metals Ltd.

Comstock Metals announces that it will conduct a non-brokered private placement to raise gross proceeds up to a maximum of $6,000,000 through any combination of: a. flow-through common shares of the Company at a price of $0.45 per FT Share; and b. non-flow-through units (an "NFT Unit") at a price of $0.38 per Unit.

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/22/12 -- Comstock Metals Ltd. (TSX VENTURE: CSL) -

Highlights:


-- QV12-004 intersected 89.85 metres (m) of 2.34 grams/tonne gold (g/t Au)
starting at 43.75 m including 3.35 m of 9.98 g/t Au, and 45.5 m of 3.04
g/t Au including 12.9 m of 4.89 g/t Au
-- The high grades encountered in QV 12-004 are consistent with the strong
silicification, brecciation, and [...]

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/10/12 -- Comstock Metals Ltd. (TSX VENTURE: CSL) (the "Company") is pleased to announce preliminary gold assays from two of eight holes recently completed at its QV Project in the White Gold district, south of Dawson City, Yukon. Gold mineralization was intersected in both holes at grades and width of potential economic interest [...]

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/24/12 -- Comstock Metals Ltd. (TSX VENTURE: CSL) is pleased to provide an update on the drilling programme at its QV Project in the White Gold district, south of Dawson City, Yukon.

The drilling program for 2012 is now complete, and consisted of eight core holes totalling 1,334.94 metres. The drill program tested the target over a length of 260 metres along strike and [...]

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/07/12 -- Comstock Metals Ltd. (TSX VENTURE: CSL) ("Comstock" or the "Company") is pleased to announce that a diamond drilling program has commenced on the QV Project in the White Gold district, Yukon.

The drilling program is designed to test strong gold enrichment discovered in trenches at the VG Zone, including 3.31 g/t gold over 95m from trench QVTR12-06 and 3.77 g/t [...]

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/04/12 -- Comstock Metals Ltd. (TSX VENTURE: CSL) ("Comstock" or the "Company") is pleased to announce additional results from its ongoing exploration program on the QV Project in the White Gold district, Yukon, following the discovery trench QVTR12-06 at the VG Zone which returned 3.74 grams/tonne gold (g/t Au) over 75.0 metres (m).

Trench Results Highlights [...]

Comstock is cancelling the Private Placement that was announced on August 24th pending the release of new assay results recently received form the Company's follow up trenching program on its QV claims in the White Gold District of the Yukon. The proposed financing was to be a non-brokered private placement of up to 8,000,000 Units at a price of $0.25 per Unit for aggregate gross proceeds of $2,000,000. The Company feels [...]

Comstock is pleased to announce that it has entered into a letter of intent with Seafield Explorations to acquire Seafield's 75% interest in a joint venture with Volcanic Minerals Ltd. for the exploration and development of the Walhalla Property located in the White Gold district in Yukon (described in further detail below).

Further to its news releases of June 29 and July 30, 2012, Comstock is pleased to announce that it has closed a second tranche of its non-brokered private placement for gross proceeds of $1,330,100. Comstock issued a total of 550,000 Flow-Through Units ("FT Units") at a price of $0.20 per FT Unit for gross proceeds of $110,000, and an additional 8,314,000 Non Flow-Through Units ("NFT Units") at a price of $0.15 per NFT [...]

Following the discovery of visible gold on the property, which lies 15 km to the north of the White Gold deposit of Kinross Gold, additional prospecting and 105 infill grid soil samples were collected. Soil results from infill grid sampling on the VG zone has delineated a strong, open-ended, 100-250 m by 250 m soil anomaly. Thirty percent of the 105 samples collected returned values exceeding 50 ppb Au, with results [...]