Comaplex Reports an Increase in the Resource Estimate for the Tiriganiaq Deposit (Meliadine West) and a new Resource Estimate for the Discovery Deposit (Meliadine East)



    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION
    IN THE UNITED STATES/

    CALGARY, Jan. 9 /CNW/ - Comaplex Minerals Corp. (TSX-CMF) is pleased to
report updated resource estimates for both the Tiriganiaq gold deposit on the
Meliadine West property and for the Discovery gold deposit on the Meliadine
East property. The properties are adjacent and are located approximately
25 kilometers northwest and north, respectively, of Rankin Inlet, Nunavut,
Canada. The Meliadine West property is owned 78% by Comaplex Minerals Corp.
and 22% by Meliadine Resources Ltd., with Comaplex having an option to acquire
an additional 2% from its partner. The Meliadine East property is a 50-50
joint venture between Comaplex and Meliadine Resources Ltd.

    New Resource Estimate - Tiriganiaq Deposit (Meliadine West property)
    --------------------------------------------------------------------
    An updated mineral resource estimate has been completed on the Company's
Tiriganiaq gold deposit by Snowden Mining Industry Consultants Inc. (Snowden)
of Vancouver. The updated resource, disclosed in accordance with NI 43-101
requirements, incorporates all of the drilling in the deposit, including that
completed during the 2007 field season.
    For comparative purposes, the January 2008 resource is presented in a
format similar to the previous year's report (See Release 06-01, January 18,
2006 and Release 07-01 February 22, 2007). Highlights from the new resource
estimate for the Tiriganiaq deposit are:

    
    Tiriganiaq Deposit - Mineral Resources above 9900m level
    --------------------------------------------------------
    (170m below surface)
    --------------------

    cut-off grade
    -------------
      (g/t Au)      category      tonnage    grade (g/t Au)   contained oz Au
      --------      --------      -------    --------------   ---------------
         2.5        Indicated    6,136,000         6.4             1,257,700
         2.5        Inferred     1,622,200         4.1               216,300


    Tiriganiaq Deposit - Mineral Resources below 9900m level
    --------------------------------------------------------
    (below 170m from surface)
    -------------------------

    cut-off grade
    -------------
        (g/t)       category      tonnage      grade (g/t)    contained oz Au
        -----       --------      -------      -----------    ---------------
         6.5        Indicated    1,509,500        10.9               530,200
         6.5        Inferred     3,260,500        11.1             1,169,100


    2008 Total Indicated Resources equals 1,787,900 oz gold
    2008 Total Inferred Resources equals 1,385,400 oz gold
    

    The new resource estimate shows an increase in both the Indicated and
Inferred mineral resources. The infill drill program of 2007 has resulted in
the extension of the Indicated mineral resources down to depths of over
400 meters below surface in at least four mineralized lodes. Gold
mineralization now extends continuously between the main deposit and the deep,
westerly plunging continuation of the mineral deposit (the Western Deeps
portion of the Tiriganiaq deposit) and is open to depth and down plunge.
    The 2007 infill drilling in the central part of the Tiriganiaq deposit
(greater than 200 meters depth) indicates that multiple, parallel zones of
gold mineralization are present in quantities sufficient for several of these
to be assigned mineral resources. Increases in Inferred mineral resources also
resulted from drill holes in the Western Deeps area, where the gold tenor of
thick, high gold grade intersections in multiple, parallel gold bearing lodes
was confirmed (see holes 695, 700, 714A and 719; Release 7-13, November 13,
2007).
    Block grades were estimated using a combination of Multiple Indicator
(1000, 1025 and 1100 lodes) and Ordinary Kriging estimation techniques (all
other lodes). Top-cuts, ranging between 7.6 - 88.6 g/t gold, were applied
where required. Additional details will be available in a NI 43-101 technical
report to be prepared by Snowden and released by Comaplex on SEDAR within
45 days of this press release.
    Comaplex is presently incorporating the new resource estimate into a mine
plan and will be completing economic and optimization studies in the near term
to determine, among other things, what combination of pit and underground is
optimal for the development of the deposit. A scoping study will evolve out of
this work.

    New Resource Estimate - Discovery Deposit (Meliadine East property)
    -------------------------------------------------------------------
    The Discovery gold deposit is exposed at surface and is located 17
kilometers east/southeast of the Tiriganiaq deposit. Meliadine Resources Ltd.,
an equal partner of Comaplex on the property, generated a NI 43-101 compliant
resource estimate for the Discovery deposit in late 2007. This estimate is
based on 112 historic drill holes and 21 surface diamond saw channel cuts. The
modelling method used to arrive at this mineral resource estimate includes: 1)
grade capping to 67 g/t gold; 2) grade envelopes that honour the main geologic
trends in the deposit; 3) the inverse distance cubed (ID3) technique utilizing
the industry standard Gems software package; 4) resource classification based
on point density and distance modelling. This estimate was reviewed and
verified by Pincock, Allen & Holt of Colorado. Details of the resource
estimate will be available in a NI 43-101 report to be published on SEDAR
within the next 45 days.
    The resource estimate is reported in two groups based on the anticipated
mining method. According to Meliadine Resources Ltd., preliminary mine
planning and cost estimation assessments indicate resources down to 120 meters
below surface may be mined by open pit at a two g/t gold cut-off. Those
resources deeper than 120 meters are likely candidates for underground mining
at a five g/t gold cut-off. Details of the resource are outlined below:

    
    Discovery Deposit - Mineral Resources from surface to 120 meters
    ----------------------------------------------------------------
    below surface
    -------------

    cut-off grade
    -------------
        (g/t)       category      tonnage      grade (g/t)    contained oz Au
        -----       --------      -------      -----------    ---------------
         2.0       Indicated      697,400          6.9               155,600
         2.0        Inferred      322,000          7.0                72,250


    Discovery Deposit - Mineral Resources below 120 meters from surface
    -------------------------------------------------------------------

    cut-off grade
    -------------
        (g/t)       category      tonnage      grade (g/t)    contained oz Au
        -----       --------      -------      -----------    ---------------
         5.0       Indicated      333,000          9.7               103,500
         5.0        Inferred      300,600          7.9                76,700


    Total Indicated Resources equals 259,100 oz gold
    Total Inferred Resources equals 148,950 oz gold
    

    2008 Meliadine West Exploration Program
    ---------------------------------------
    The underground exploration program at Meliadine West is ongoing with the
decline presently 250 meters in length. At present advance rates, we expect to
reach the first mineralized zone (1100 lode) in the Tiriganiaq deposit in
early to mid February and the second mineralized zone (1000 lode) some time in
late May. Round by round bulk sampling and processing (sample tower) of each
mineralized round will take place and samples sent out for analysis and
metallurgical work. Equipment, supplies, and fuel for the bulk sample work and
future exploration are being mobilized into camp. This will continue
throughout the winter and spring.
    Geotechnical drilling for mill site locations will take place in the
first quarter of 2008. Details of the surface exploration program are being
formulated and will be released when finalized. Drill testing of additional
satellite ore bodies is being considered. Exploration at the Meliadine West
project will continue through the winter, with surface drilling likely to
start in early April.

    2008 Meliadine East Exploration Program
    ---------------------------------------
    Meliadine Resources Ltd., operator of the Meliadine East property, has
proposed an exploration budget of $2.5 million for the property to be carried
out in the summer of 2008. The proposal has been approved by both parties and
is focussed predominantly towards drilling into, and immediately peripheral
to, the Discovery gold deposit. The main objective of the program is to
increase the resource base of the deposit. It is expected to commence in late
June and will be operated by Meliadine Resources Ltd.

    Dr. Warwick Board (P.Geo., MAusIMM, Pr.Sci.Nat.) of Snowden Mining
Industry Consultants Inc., Doug Dumka (P. Geo.) and Mark Balog, (P.Geol.) of
Comaplex Minerals Corp. are Qualified Persons as defined by NI 43-101. Dr.
Board is independent of Comaplex. Snowden has verified the technical
information contained in this news release pertaining only to the updated
Tiriganiaq deposit gold resource estimate. Mr. Balog and Mr. Dumka have
verified the technical information contained in this news release. Doug Dumka,
P.Geo. is the Chief Geologist for Comaplex and is the designated Qualified
Person as defined by NI 43-101 for the Meliadine West Project.

    The Discovery deposit resource estimate was provided to Comaplex by
partners Meliadine Resources Ltd., a private corporation that is wholly owned
by Resource Capital Fund III L.P. The estimate was reviewed and verified by
Leonel Lopez (C.P.G.) of Pincock, Allen, & Holt of Lakewood, Colorado, in
conjunction with Roger March (P.Geo.) of Meliadine Resources Ltd. and Raul
Borrastero (C. P. G.) of Resource Capital Fund, who carried out the resource
estimation work. All three professionals are Qualified Persons as defined by
NI43-101 and are independent of Comaplex. Pincock, Allen & Holt have reviewed
the technical information contained in this news release pertaining only to
the Discovery deposit gold resource estimate.

    The footnotes below apply to the resource tables within this release.
    
      1. Resource classifications conform to the CIM Standard Definitions
         (2005) on Mineral Resources and Mineral Reserves referred to in
         National Instrument 43-101.
      2. Mineral resources that are not reserves do not have demonstrated
         economic viability;
      3. 'Measured' and 'Indicated' mineral resources are that part of a
         mineral resource for which quantity and grade can be estimated with
         a level of confidence sufficient to allow for the application of
         technical and economic parameters to support mine planning and
         evaluation of the economic viability of the deposit;
      4. An 'Inferred' mineral resource is that part of a mineral resource
         for which quantity and grade can be estimated on the basis of
         geological confidence and limited sampling and reasonably assumed,
         but not verified;
      5. The ounces of gold represent contained metal in the ground and have
         not been adjusted for the metallurgical recovery of gold.
    

    The TSX has not reviewed and does not accept responsibility for the
    adequacy or accuracy of this release.

    Mr. Dumka supervised drill hole planning, implementation and quality
control/quality assurance programs at the Meliadine West project for 2007.
Drill core analysis is performed on cut, half NQ core with standard fire assay
procedures and a gravimetric finish (2 assay ton, 1000 gram pulp). QA/QC
programs employ the insertion of external standards (low to high grade Au),
blanks, and core duplicates every 20 samples. All assaying was completed by
TSL Laboratories Ltd. based in Saskatoon, Saskatchewan. TSL completes its own
internal QA/QC by inserting a standard, blank, pulp duplicate, and coarse
reject duplicate in every batch of 20 analyses. QA/QC compliance was
rigorously checked on a continuous basis during the exploration program.
Meterage provided is measured down hole and intersection widths are
interpreted to be approximately 80% of true width, unless otherwise noted.

    Forward-Looking Statements - This news release contains "forward-looking
statements", including, but not limited to, statements regarding our
expectations as to the mineral resource estimates. Forward-looking statements
express, as at the date of this report, our plans, estimates, forecasts,
projections, expectations or beliefs as to future events or results. We
caution that forward-looking statements involve a number of risks and
uncertainties, and there can be no assurance that such statements will prove
to be accurate. Therefore, actual results and future events could differ
materially from those anticipated in such statements. Factors that could cause
results or events to differ materially form current expectations expressed or
implied by the forward-looking statements include, but are not limited to,
factors associated with fluctuations in the market price of precious metals,
mining industry risks and hazards, environmental risks and hazards,
uncertainty as to calculation of mineral resources, requirement of additional
financing, and other risks.

    %SEDAR: 00001166E




For further information:

For further information: George F. Fink, President and CEO, or Mark J.
Balog, Chief Operating Officer, at (403) 265-2846 or visit our website at
www.comaplex.com or www.sedar.com

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