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Press release from Marketwire

Canada Strategic Metals Once Again Intersects a Wide Gold-Bearing Zone with 3.78 g/t Gold Over 27.95 Metres, Including 7.21 g/t Au Over 7.00 Metres at the Sakami Gold Project

Tuesday, February 11, 2014

Canada Strategic Metals Once Again Intersects a Wide Gold-Bearing Zone with 3.78 g/t Gold Over 27.95 Metres, Including 7.21 g/t Au Over 7.00 Metres at the Sakami Gold Project

08:07 EST Tuesday, February 11, 2014

MONTREAL, QUEBEC--(Marketwired - Feb. 11, 2014) - Canada Strategic Metals Inc. ("Canada Strategic Metals" or "the Company") (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) and Matamec Explorations Inc. (TSX VENTURE:MAT)(OTCQX:MHREF) are pleased to announce results from two more drill holes from the recent drilling campaign on the Sakami gold project. These new results confirm the intersection of a wide gold-bearing zone at Sakami. Nine holes were drilled during the program, for a total of 1,605 metres.

The objective of the campaign was to validate and extend the historical zone identified by Matamec Explorations between 2000 and 2004 and acquire a better understanding of the spatial geometry of the two main zones in the La Pointe area. A table with the drill holes collar locations is present below.

The Company has received gold assay results for two mores holes, PT-13-66 and PT-13-67, drilled to test and extend the intersection obtained in historical hole EX-22 and recent hole PT-13-65. Holes PT-13-66 and PT-13-67 intersected a mineralized zone that returned 1.18 g/t Au over 15.45 metres from Hole PT-13-66 and 3.78 g/t Au over 27.95 metres, including 4.01 g/t over 22.60 metres and 7.21 g/t Au over 7.00 metres, from Hole PT-13-67. The mineralized intersections and gold assay results from the recent program are shown below, along with the historical drill results.

"The Company is very pleased that all the recent drill results from its last exploration program confirm the quality and potential of the Sakami project," said Jean-Sebastien Lavallée, President and Chief Executive Officer of Canada Strategic Metals. "We are looking forward to receiving the results for the five other holes drilled during the program."

The Company will release the results for the remaining holes as soon as they have been received and compiled.

TABLE OF MINERALIZED INTERSECTIONS OF THIS RECENT DRILLING CAMPAIGN

Hole # Type From
(m)
To
(m)
Length*
(m)
Gold
g/t
PT-13-64 New zone 68.85 69.90 1.05 1.27
PT-13-64 New zone 171.00 171.50 0.50 3.62
PT-13-65
Including
Zone 25 112.50
126.00
138.00
138.00
25.50
12.00
3.03
4.00
PT-13-66 Zone 25 109.95 125.4 15.45 1.18
PT-13-67
Including
Including
Zone 25 126,90
132.25
138.00
154,85
154.85
145.00
27,95
22.60
7.00
3.78
4.01
7.21
PT-13-68 Zone 25 209.8 221 11.2** Pending
PT-13-69 Zone 26 141.45 150 8.55** Pending
PT-13-69 Zone 25 192.85 199.6 6.75** Pending
PT-13-70 Zone 25 65.4 85.5 20.1** Pending
PT-13-71 Zone 26 48.9 61 12.1** Pending
PT-13-71 Zone 25 102 118.5 16.5** Pending
PT-13-72 Zone 26 49.2 66.2 17** Pending
PT-13-72 Zone 25 107.9 130 22.1** Pending
* Length along the core. The Company estimates the true width of the mineralized zone at 80 to 95% of the width intersected in the drill holes.
** Mineralized zone

TABLE OF DRILLHOLE COLLAR LOCATIONS

Hole
#
Easting
(UTM)
Northing
(UTM)
Elevation
(m)
Length
(m)
Bearing
(°)
Dip
PT-13-64 375659 5894756 188.00 189.00 310 -50
PT-13-65 375444 5895111 203.00 150.00 45 -45
PT-13-66 375444 5895111 203.00 135.00 60 -51
PT-13-67 375408 5895130 203.00 159.00 62 -45
PT-13-68 375324 5895111 206.00 325.00 66 -70
PT-13-69 375338 5895108 206.00 282.00 70 -53
PT-13-70 375505 5895110 195.00 120.00 25 -60
PT-13-71 375443 5895135 192.00 132.00 46 -60
PT-13-72 375443 5895135 192.00 138.00 46 -67

TABLE OF HISTORICAL DRILL RESULTS ON LA POINTE SECTOR

Zone 25 selected intersections:

Hole
#
Au
(g/t)
Length*
(m)
From
(m)
To
(m)
EX-1 2.38 7.9 91.9 99.8
EX-2 1.97 19.85 11.15 31
EX-3 2.13 10.2 49.8 60
EX-5 2.12 6 72 78
EX-9 2.93 4 125 129
EX-10 2.51 54.65 18.35 73
including 3.52 14 43 57
EX-13 2.96 8.25 160.5 168.75
EX-17 1.74 10.65 155.65 166.3
EX-18 2.04 11.52 228.05 239.57
EX-22 4.16 21 74.25 95.25
including 6.4 12.67 77.28 89.95
EX-23 3.6 7.45 186.55 194
EX-25 2.72 17.85 133.1 150.95
EX-27 1.17 8.2 162.75 170.95
EX-28 2.08 3.26 71.16 74.42
1.98 3.73 148.59 152.32
EX-29 2.09 19.5 190.5 210
3.43 1.5 273.5 275
EX-31 2.39 30.19 110.81 140
including 8.03 3.82 132.14 135.96
EX-32 1.72 22.3 117.97 140.1
including 2.17 12.16 127.94 140.1
12.23 0.5 130.64 131.14
3.43 3.16 136.94 140.1
EX-33 4.95 2 243.25 245.25
3.34 3.45 260.91 264.36
EX-44 1.51 6.09 169.47 175.56
* Length along the core. The Company estimates the true width of the mineralized zone at 80 to 95% of the width intersected in the drill holes.

Zone 26 selected intersections:

Hole
#
Au
(g/t)
Length *
(m)
From
(m)
To
(m)
EX-19 9.22 12.55 53.8 66.35
including 13.67 7.35 58.25 65.6
EX-20 4.07 1.35 66.75 68.1
EX-31 2.75 1.5 63.79 65.29
EX-32 2.53 1.5 64.29 65.79
3.41 1.5 69.82 71.32
EX-48 1 9 49 58
EX-49 2.69 3 64 67
* Length along the core. The Company estimates the true width of the mineralized zone at 80 to 95% of the width intersected in the drill holes.

The 2013 drilling program was managed by Consul-Teck Exploration of Val-d'Or, Quebec, who designed the drilling campaign, supervised the program and logged and sampled the core.

Consul-Teck Exploration implemented QA/QC procedures to ensure best practices in sampling and analysis of the core samples. The drill core was logged and then split, with one-half sent for assay and the other retained in the core box as a witness sample. Duplicates, standards and blanks were inserted regularly into the sample stream.

The samples in secure tagged bags were delivered directly to the analytical facility for analysis. In this case, the analytical facility was the Bourlamaque Ltee laboratory in Val-d'Or, Quebec. The samples are weighed and identified prior to sample preparation. All samples are analyzed by fire assay with AA finish on a 30g sample (0.01-10 ppm Au), with a gravimetric finish for assays over 10 ppm Au.

Jean-Sebastien Lavallée (OGQ #773), geologist, shareholder and President and Chief Executive Officer of the Company and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.

About Matamec Explorations

Matamec Explorations Inc. is a mining exploration company whose focus is developing the Kipawa HREE deposit with TRECan, with the goal of supplying Toyota with HREEs for the production of hybrid and electric cars. The company is exploring 35 km of strike length in the Kipawa Alkalic complex for rare earths-yttrium-zirconium-niobium-tantalum mineralization on its Zeus property. Matamec is also exploring for gold at its Matheson joint-venture property, which is located along strike and in close proximity to the Hoyle Pond mine in Timmins, Ontario. In Quebec, the company is exploring for lithium and tantalum on its Tansim property and for precious and base metals on its Sakami, Valmont and Vulcain properties. For more information, please visit www.matamec.com.

About Canada Strategic Metals

Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 20,000 hectares in Quebec. With broad management experience in green technology and junior resource exploration and development, Canada Strategic Metals is well positioned to aggressively advance this promising property portfolio for its shareholders.

For more information on the Company, please visit www.csmetals.ca.

Neither the 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.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
Jean-Sebastien Lavallee, P. Geo
President & Chief Executive Officer
819-354-5146


Paradox Public Relations
514-341-0408


Corporate Office:
514-904-1496
514-904-1597 (FAX)
ir@canadastrategicmetals.com
www.canadastrategicmetals.com

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