Mr. Garfield MacVeigh reports

CONSTANTINE ANNOUNCES RELIANCE ON INTERIM FINANCIAL STATEMENT FILING EXEMPTION

Pursuant to the blanket relief granted by the Canadian Securities Administrators, Constantine Metal Resources Ltd. did not file its interim financial statements for the quarter ended Jan. 31, 2020, and the related management's discussion and analysis as required by parts 4 and 5 of National Instrument 51-102 -- Continuous Disclosure Obligations by the filing deadline of March 31, 2020. The company expects to report results on or about April 8, 2020, and is afforded a postponement up to a maximum 45-day extension pursuant to blanket relief for all market participants granted by the Canadian Securities Administrators.

Other than as disclosed in the company's press releases, there have not been any material business developments since the date that the last interim financial statements of the company were filed.

The company confirms that its management and other insiders are subject to an insider-trading blackout policy that reflects the principles in Section 9 of National Policy 11-207 -- Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions, such that they are in a blackout period until the commencement of the second trading day after the interim filings have been disclosed by way of a news release.

Management change

Ian Cunningham-Dunlop, vice-president of advanced projects, has resigned, effective March 31, 2020. Mr. Cunningham-Dunlop assumed the position of vice-president of exploration for HighGold Mining Inc. following the spinout of HighGold from Constantine in August, 2019, and continued in a transition role with Constantine until March 31, 2020. The company acknowledges and thanks Mr. Cunningham-Dunlop for his significant contributions to the advancement of the Palmer project and for his contributions to the Johnson Tract project prior to its spinout to HighGold. Constantine wishes him great success in his new position at HighGold.

About Constantine Metal Resources Ltd.

Constantine is a mineral-exploration company led by an experienced and proven technical team with a focus on premier, North American mining environments.

We seek Safe Harbor.