Comstock Announces Optioning Its Corona Property in Mexico

Vancouver, BC – January 28, 2016 – Comstock Metals Ltd. (TSX-V: CSL) (“CSL” or the “Company”) is pleased to announce that its joint venture (“JV”) partner Golden Goliath Resources (“GNG”) has confirmed that the Corona Gold-Silver Property in Mexico is one of seven mineral exploration  properties in the Uruachic mining camp that have been optioned by Fresnillo PLC (See GNG December 7, 2015 News Release).  The Company holds a 60% interest in the Corona Property through a Joint Venture with GNG and is entitled to a portion of the cash payments that will be made to GNG by Fresnillo PLC as per their option agreement (“GNG/Fresnillo Agreement”).

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