Comstock Metals Announces Darren Urquhart as New Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 22, 2015) - Comstock Metals Ltd. (TSX VENTURE:CSL) ("Comstock" or "the Company") is pleased to announce the appointment of Mr. Darren Urquhart as Chief Financial Officer (CFO) and a director of the Company. Mr. Urquhart is a Chartered Accountant (C.A.), and has been a Member of the Institute of Chartered Accountants of British Columbia since 2001. He also holds a Bachelor of Applied Science (B.A.Sc.) in Electrical Engineering from the University of British Columbia (UBC), Canada. Mr. Urquhart will be replacing Larry Johnson. The Company thanks Mr. Johnson for his services, as well as Jason Leikam and Gord Davidson who have resigned from the board of directors as well.

About Comstock Metals Ltd.

Comstock's flagship project is the QV Property in the Yukon Territory, which covers 16,335 hectares (40,364 acres) within the White Gold district in the Yukon Territory, about 70 kilometres south of Dawson City. Kinross Gold's Golden Saddle deposit is 10 km to the south, and Kaminak Gold's Coffee Project is about 40 km to the south. Comstock Metals has defined an inferred resource of 230,000 Oz gold, at 1.65 g/t Au grade and 0.5 g/t Au cut-off, by drilling 3400m in 17 drill holes at the VG Zone. The deposit remains open in all directions. The current resource is hosted in one structure and there are two sub-parallel structures on the VG Zone. The Stewart and Shadow zones peripheral to the VG zone provide additional blue-sky potential.

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FORWARD-LOOKING INFORMATION

This News Release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects and other plans, intentions, expectations, estimates, and beliefs of the Company. Information and statements which are not purely historical fact are forward-looking statements. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein, or to update the reasons that actual events or results could or do differ from those projected in any forward-looking information and statements herein, whether as a result of new information, future events or results, or otherwise.