Cigma Metals Corporation Announces Maiden Resources of 288,886 Ounces of Gold at Berezki East Gold Deposit in Kazakhstan

• Press Release
• Source: Cigma Metals Corporation
• On 7:12 pm EDT, Monday March 30, 2009

ALMATY, KAZAKHSTAN--(MARKET WIRE)--Mar 30, 2009 -- Cigma Metals Corporation (the "Company," "Cigma") (Other OTC:CGMX.PK - News) (Frankfurt:C9KA.F - News) is pleased to announce a maiden Inferred Resource for Berezki East prospect in Kazakhstan.

HIGHLIGHTS

 
  --  Berezki East Deposit is a part of large-scale gold-copper-porphyry
      mineralization system
  --  Berezki East Deposit ore resources of 18.6 million tonnes grading at

      --  0.48 g/t for 288,886 oz of contained gold
      --  1.06 g/t for 636,316 oz of contained silver
      --  0.1% for 15,835 tonnes of contained copper

  --  Deposit remains open along strike and at depth - aggressive
      exploration campaign continues

During 2008, the Company completed 12 diamond drill holes (DDH) for a total of 3,950 meters with an average drill hole depth of 330 meters. The drilling program targeted the outer zone of a large gold-copper porphyry system. The drilling confirmed over 420 meters of continuity for the mineralization zone along strike with an average width of approximately 50 meters and reaching 80 meters in places (Figure 3). It has been traced down to a depth of 350 meters and remains open both on strike and depth. The oxidation zone extends from surface down to 40 meters and could be suitable for free-milling heap-leach gold-silver-copper extraction.

The Australasian Joint Ore Reserves Committee (the "JORC") code compliant Resources have been based on a 0.10 g/t natural lower gold cut-off grade defined by the statistical analysis and were estimated by Micromine Pty Ltd. Copper and silver have been defined as by-products. The estimate is based on the results of Cigma's drilling and sampling campaign which extended the previously defined mineralized zones, discovered new mineralized zones and validated historical sampling data from Soviet exploration programs. 14 drill holes and 2 trenches both recent and historic were included for the resource estimation. A summary of the resource estimate is presented in Table 1 and more detailed notes on methodology applied are provided at the end of this announcement.

 
   Table 1: Summary of the Resources for the Berezki East Deposit
Au
Cut                                         Au       Ag
Off   Oxide    Tonnes   Au    Ag    Cu     Metal    Metal     Cu
From  Zone     '000 t   g/t   g/t    %      Oz       Oz     Tonnes
---- --------  ------  ----  ----  -----  -------  -------  ------
0.0   Fresh    17,252  0.43  1.07   0.08  236,809  592,947  13,389
     Oxidised   1,352  1.20  1.00   0.18   52,077   43,369   2,446
      Total    18,604  0.48  1.06   0.09  288,886  636,316  15,835
0.1   Fresh    17,007  0.43  1.07   0.08  236,120  585,961  13,229
     Oxidised   1,352  1.20  1.00   0.18   52,077   43,369   2,446
      Total    18,360  0.49  1.07   0.09  288,197  629,330  15,675
0.2   Fresh    10,995  0.58  1.11   0.09  206,530  391,673  10,057
     Oxidised     891  1.75  1.02   0.24   50,110   29,077   2,170
      Total    11,887  0.67  1.10   0.10  256,640  420,751  12,227
0.3   Fresh     7,257  0.76  1.14   0.11  177,256  267,003   7,743
     Oxidised     826  1.87  1.02   0.26   49,581   27,084   2,131
      Total     8,083  0.87  1.13   0.12  226,837  294,087   9,873
0.4   Fresh     5,109  0.93  1.10   0.12  153,184  180,532   6,222
     Oxidised     816  1.89  1.02   0.26   49,480   26,761   2,117
      Total     5,925  1.06  1.09   0.14  202,664  207,294   8,339
0.5   Fresh     4,050  1.06  1.07   0.13  137,975  139,759   5,263
     Oxidised     784  1.95  1.02   0.26   49,012   25,701   2,055
      Total     4,834  1.20  1.07   0.15  186,987  165,460   7,318

Berezki East Deposit - Primary Geology and Infrastructure

Berezki East is a gold-copper-porphyry deposit. The deposit area is composed of strongly hydrothermaly altered volcanic and intrusive rocks with numerous geochemical gold-copper anomalies. The gold-copper mineralization is associated with pyrite and chalcopyrite within wide-spread zones of chlorite-epidotic alteration.

Berezki East is a part of a large-scale K-OZEK gold-copper-porphyry system with total area of 15km2 (Figure 2). Beside Berezki East the K-OZEK area comprises five other high-prospective gold-copper deposits with exploration potential over three million ounces of gold equivalent.

K-OZEK mineralization is a typical gold-copper-porphyry system. The presented figures are in line with many world class copper deposits that are actually in production. Porphyry-related deposits control over 70% of world copper resources. This type of mineralization is characterized by large dimensions and relatively low grades. Since 1980th several gold-copper mines world-wide have been producing copper-gold concentrates from ores grading 0.5g/t to 1.0g/t of gold equivalent. The ore resources of such deposits usually extend hundred of million tonnes.

Dostyk project of 14,000 km2 (Figure 1) is located in the North Eastern region of Kazakhstan near to the Russian and Chinese border. Infrastructure is just perfect with sealed roads and railways crossing the license area. Power lines with voltage up to 1,150 kW cross the project area. The region has been mined for gold, base metals, nickel, coal and others.

Resource Modeling Methodology

1. Database Compilation

The supplied data consisted of:

 
--  2 historic drill holes
--  12 recent drill holes
--  2 trenches

2. Classical Statistical Analysis

The classical statistical analysis was performed for gold values, since gold is the major element and has the primary interest of the exploration program. The analysis demonstrated mixing grade populations. Micromine Consulting made a decision to interpret mineralisation with 0.1 g/t (low grade domain) and 0.5 g/t (high grade domain) cut off grades that also correlate with the Dostyk's domaining of the deposit into two zones.

3. Interpretation

Grade composites were created for the selected cut off grades to assist with the interpretation. The composite intervals were displayed along the drillhole traces and used for the interpretation. The minimum composite length was selected as 1 m, and the maximum consecutive interval of waste material was selected as 5 m.

Interpretation was carried out interactively for about 7 cross sections.

4. Wireframing

The interpreted strings were used to generate three-dimensional solid wireframes for the mineralised envelopes.

5. Analytical data selection and compositing

Drillhole data selection is a standard procedure, which ensures that the correct samples are used in the classical statistical and geostatistical analyses and grade interpolation processes. For this purpose, the solid wireframes for each mineralised envelope were subsequently used to select the drillhole samples. Samples were selected for individual mineralised envelopes and flagged accordingly.

Classical statistical analysis was then repeated for those gold grades within the mineralised envelopes. The analysis did not demonstrate any gold grade mixing.

6. Block Modeling

Block modeling included several stages. Firstly, the empty block models were created within the closed wireframe models for the mineralised envelopes for the cut off grade. The resultant models were subsequently coded and added together into a single model file. The block model was then restricted with the topography (DTM) surface and all the model cells above the surface were deleted from the model file.

7. Grade Interpolation

All element grades were interpolated into the empty block model using the Inverse Distance Weighting method. Due to the different spatial gold distribution in the oxidation and the fresh zones the grade interpolation was performed for each zone individually.

Cigma Metals Corporation is a mineral exploration company focusing on the exploration and development of its mineral exploration property located in the Pavlodar province of Kazakhstan and its two exploration properties in the Tomsk province of Russia. All the project areas were selected due to their proximity to a well-developed infrastructure, known mineral occurrences and from historical records of gold and base metals production. The Company's stock is quoted for trading in the United States of America on the OTC Pink Sheets under the symbol "CGMX.PK," and under the symbol "C9KA.F" on the Frankfurt Exchange, in Germany.

 
ON BEHALF OF THE BOARD

"Agustin Gomez de Segura"
Agustin Gomez de Segura
President, CEO and Director

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains statements that plan for or anticipate the future, called "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of those terms and other comparable terminology.

These forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements about: our market opportunity; revenue generation; our strategies; competition; expected activities and expenditures as we pursue our business plan; the adequacy of our available cash resources; our ability to acquire properties on commercially viable terms; challenges to our title to our properties; operating or technical difficulties in connection with our exploration and development activities; currency fluctuations; fluctuating market prices for precious and base medals; the speculative nature of precious and base medals exploration and development activities; environmental risks and hazards; governmental regulations; and conduct of operations in politically and economically less developed areas of the world.

Many of these contingencies and uncertainties can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Forward-looking statements are not guarantees of future performance. These cautionary statements qualify all of the forward-looking statements made in this press release. Specific reference is made to our most recent annual report on Form 10KSB and other filings made by us with the United States Securities and Exchange Commission for more detailed discussions of the contingencies and uncertainties enumerated above and the factors underlying the forward-looking statements. These reports and filings may be inspected and copied at the Public Reference Room maintained by the U.S. Securities & Exchange Commission at 100 F Street, N.E., Washington, D.C. 20549. You can obtain information about operation of the Public Reference Room by calling the U.S. Securities & Exchange Commission at 1-800-SEC-0330. The U.S. Securities & Exchange Commission also maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the U.S. Securities & Exchange Commission at http://www.sec.gov/.

We disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.

This press release is for informational purposes only and is not and should not be construed as an offer to solicit, buy, or sell any security.

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     For further information please contact
     Agustin Gomez de Segura:
     Address: 18, 80 Furmanova Str,
     Almaty, Republic of Kazakhstan
     Telephone:  Almaty Office +7 327 2611 026
     Website: http://www.cigmametals.com