Cornish Metals Inc.

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Cornish Metals is pleased to provide an update on the progress of activities:

NCK shaft refurbishment progressing as planned with new Phase 2 work platform installed and enabling faster replacement of old shaft timbers with new steel guides

Mine dewatering continues with water level being maintained at approximately 280 metres below surface

14-hole Wide Formation exploration drilling programme has been completed

Initial payment received for disposal of the Nickel King asset 

Discussions progressing for the sale of other non-core assets

The search for a permanent CEO is advancing

Market fundamentals remain supportive of the tin price that is presently up nearly 40% year-to-date to approximately US$35,000 