Catalyst Copper Corp. (fka CATXF)

[gsfl]

Catalyst Copper 2012 Drilling
Trading Symbol: CCY

VANCOUVER, April 30, 2012 /PRNewswire/ - Catalyst Copper Corp. (the "Company" or "Catalyst") is pleased to announce results from the first five (5) diamond drill holes from its 2012 program at the La Verde copper porphyry project in Michoacán state, Mexico.

The 2012 exploration program is intended to complete all requirements (US$10 million in accumulated expenditures, 200 kilometers of Geophysics (IP) and 30,000 metres of diamond drilling) to earn a 60% interest in the La Verde Project, under its option Agreement with the Mexican subsidiary of Teck Resources Limited.

The released holes locations are indicated on the attached map (which includes historic and 2011 drill locations) and the significant results for these holes are included below.

TABLE 1. La Verde 2012 Assay Results

 
 Drill Hole	  	  	  From	  	  	  	To	  	  	Length	  	  	  	  	Cu%	  	  	  	Au g/t	  	  	  	Ag g/t	  	  	  	Mo%	  	  	  	Location 
  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	   
 LV12-037	  	  	 118.7	  	  	  	 125.0	  	  	 6.3	  	  	  	  	 0.42	  	  	  	 0.160	  	  	  	 1.0	  	  	  	 0.001	  	  	  	 East Hill 
  	  	  	  	 140.0	  	  	  	 148.0	  	  	 8.0	  	  	  	  	 0.25	  	  	  	 0.196	  	  	  	 2.0	  	  	  	 0.001	  	  	  	   
  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	   
 LV12-038	  	  	 276.5	  	  	  	 303.7	  	         27.2	  	  	  	  	 0.58	  	  	  	 0.275	  	  	  	 4.5	  	  	  	 0.001	  	  	  	 East Hill 
  	  	  	  	 333.2	  	  	  	 336.7	  	  	 3.5	  	  	  	  	 0.60	  	  	  	 0.127	  	  	       10.5	  	  	  	 0.001	  	  	  	   
  	  	  	  	 396.7	  	  	  	 461.3	  	         64.6	  	  	  	  	 0.37	  	  	  	 0.121	  	  	  	 3.9	  	  	  	 0.004	  	  	  	   
  	  	  	  	 498.1	  	  	  	 675.3	  	        177.2	  	  	  	   0.54	  	  	  	 0.041	  	  	  	 5.3	  	  	  	 0.006	  	  	  	   
  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	   
  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	   
 LV12-039	  	  	 236.8	  	  	  	 250.8	  	  	14.0	  	  	  	  	 0.35	  	  	  	 0.028	  	  	  	 1.7	  	  	  	 0.001	  	  	  	 East Hill 
  	  	  	  	 332.0	  	  	  	 346.0	  	  	14.0	  	  	  	  	 0.23	  	  	  	 0.008	  	  	  	 3.4	  	  	  	 0.001	  	  	  	   
  	  	  	  	 376.0	  	  	  	 603.1	  	      226.9	  	  	  	  	 0.67	  	  	  	 0.076	  	  	  	 5.7	  	  	  	 0.003	  	  	  	   
 Incl.	  	  	  	 411.0	  	  	  	 584.4	  	      173.4	  	  	  	  	 0.81	  	  	  	 0.075	  	  	  	 6.2	  	  	  	 0.003	  	  	  	   
  	  	  	  	 661.6	  	  	  	 673.4	  	  	11.8	  	  	  	  	 0.93	  	  	  	 0.009	  	  	  	 6.1	  	  	  	 0.009	  	  	  	   
  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	   
 LV12-040	  	  	  69.3	  	  	  	  74.9	  	  	 5.6	  	  	  	  	 1.66	  	  	  	 0.009	  	  	  	 3.8	  	  	  	 0.001	  	  	  	 West Hill 
  	  	  	  	 181.9	  	  	  	 216.0	  	       34.1	  	  	  	  	 0.86	  	  	  	 0.003	  	  	  	 1.7	  	  	  	 0.001	  	  	  	   
  	  	  	  	 231.2	  	  	  	 236.7	  	  	 5.5	  	  	  	  	 0.83	  	  	  	 0.001	  	  	  	 3.1	  	  	  	 0.001	  	  	  	   
  	  	  	  	 364.6	  	  	  	 372.4	  	  	 7.8	  	  	  	  	 1.48	  	  	  	 0.006	  	  	  	 1.8	  	  	  	 0.001	  	  	  	   
  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	   
 LV12-041	  	  	  69.0	  	  	  	  76.5	  	  	 7.5	  	  	  	  	 0.42	  	  	  	 0.011	  	  	  	 2.7	  	  	  	 0.007	  	  	  	 West Hill 
  	  	  	  	  93.0	  	  	  	 106.0	  	       13.0	  	  	  	  	 0.60	  	  	  	 0.011	  	  	  	 2.1	  	  	  	 0.003	  	  	  	   
  	  	  	  	 185.0	  	  	  	 193.0	  	  	 8.0	  	  	  	  	 1.32	  	  	  	 0.005	  	  	  	 6.9	  	  	  	 0.002	  	  	  	   
  	  	  	  	 223.5	  	  	  	 227.3	  	  	 3.8	  	  	  	  	 0.58	  	  	  	 0.005	  	  	  	 3.7	  	  	  	 0.001	  	  	  	   
  	  	  	  	 249.6	  	  	  	 259.0	  	  	 9.4	  	  	  	  	 0.27	  	  	  	 0.005	  	  	  	 1.4	  	  	  	 0.003	  	  	  	   
  	  	  	  	 284.5	  	  	  	 311.4	  	       26.9	  	  	  	  	 0.29	  	  	  	 0.012	  	  	  	 1.4	  	  	  	 0.002	  	  	  	   
  	  	  	  	 337.3	  	  	  	 408.0	  	       70.7	  	  	  	  	 0.86	  	  	  	 0.003	  	  	  	 2.8	  	  	  	 0.001	  	  	  	   
  	  	  	  	 419.0	  	  	  	 438.0	  	       19.0	  	  	  	  	 1.95	  	  	  	 0.003	  	  	  	 5.4	  	  	  	 0.001	  	  	  	   
  	  	  	  	 461.6	  	  	  	 477.5	  	       15.9	  	  	  	  	 0.61	  	  	  	 0.003	  	  	  	 2.0	  	  	  	 0.001	  	  	  	   
  	  	  	  	 487.0	  	  	  	 496.0	  	  	 9.0	  	  	  	  	 1.90	  	  	  	 0.180	  	  	  	 5.4	  	  	  	 0.001	  	  	  	   
  	  	  	  	 533.6	  	  	  	 539.0	  	  	 5.4	  	  	  	  	 0.64	  	  	  	 0.001	  	  	  	 1.6	  	  	  	 0.001	  	  	  	   
  	  	  	  	 549.0	  	  	  	 553.7	  	  	 4.7	  	  	  	  	 0.61	  	  	  	 0.001	  	  	  	 1.3	  	  	  	 0.001	  	  	  	   
  	  	  	  	 605.2	  	  	  	 640.1	  	       34.9	  	  	  	  	 0.60	  	  	  	 0.002	  	  	  	 1.2	  	  	  	 0.001 
 

The program is focused on upgrading Inferred Resource to Measured and Indicated status and expanding the mineralization associated with the two known open pitable copper deposits. Catalyst has to date completed 33,890 meters of drilling on the La Verde property, 152 kilometres of IP and has now spent approximately $9,000,000. It is anticipated that Catalyst will have completed all option agreement requirements by late 3rd quarter of 2012 and thereby will earn a 60% interest in the La Verde deposit

Terry Hodson, Vice-President Exploration of Catalyst stated, "Work to date continues to define and expand known resources at the project. Results from the first holes of 2012 continue to grow the deposit."

Terry Hodson, P.Geo. is the qualified person as defined by National Instrument 43-101, and has reviewed the technical disclosure contained herein and accepts responsibility for such disclosure.

About La Verde

La Verde is located in an area with excellent infrastructure. Power, rail and water all cross the property. Lazaro Cardenas, Mexico's third largest port on the Pacific coast is 180 km from the site. Significant upside potential remains for the two known zones of porphyry style copper, gold and molybdenum mineralization as the drilling program to date shows both deposits remain open to depth and along strike.

La Verde property is subject to an option agreement with a Mexican subsidiary of Teck Resources Limited (Teck) whereby Catalyst's 100% Mexican subsidiary, Minera Hill 29, may earn a 60% interest in La Verde by making US$10,000,000 in exploration expenditures (including 30,000 meters of drilling and 200 kilometers of IP) by December 31, 2012. Upon Catalyst earning a 60% interest, Teck has the option to increase its interest to 60% by incurring aggregate expenditures equal to two times the amount spent by Catalyst. Should Teck fail to exercise its option to earn a 60% interest, Catalyst can acquire a 100% interest in La Verde by paying Teck US$20 million. The property is subject to an underlying 0.5% NSR.