LIMA, PERU, Jul 26, 2010 (MARKETWIRE via COMTEX) –
Constitution Mining / Reminder: Constitution Mining Makes
Significant Discovery in the Gold Sands of Peru processed and
transmitted by Hugin AS. The issuer is solely responsible for the
content of this announcement.

Lima, Peru – July 26, 2010 – Constitution Mining Corp. (CMIN.OB)
reports that
drilling at its Peruvian Gold Sands project has
uncovered two large,
variable-grade systems of mineralization
returning values as high as 212.95
milligrams of gold per cubic
meter over widths of 4.20 meters (13.77 feet). Both
systems lie near
the surface, and both contain ore with gold grades well above
the
Company’s targeted 50mg/cubic meter cutoff standard for
economic
consideration. Based on these results, the Company is
developing plans for a pilot dredging and production operation as a
preliminary step towards full- scale
production.

To date, CMIN has completed 53 holes of its Phase II, 100-hole drill
program in Gold Sands Drill Grid 1 (GSDG1). The drilling
discovered two large auriferous
fluvial channels that meander just
below the surface. Within the channels, the higher-grade gold
mineralization tended to be associated with
higher
concentrations of quartz pebbles.

The first system of gold mineralization (HBD-33) was
discovered near the mid-point of GSDG1. Five holes were drilled using
hand Banka drills at 20- meter
spacing. Assuming a 50mg/cubic meter
cutoff grade, the drilling yielded average
gold grades of
159.3mg/cubic meter (within a range of 101.1 to 216.0
mg/cubic
meter).

The width of the potential pay horizons averages 3.07 meters (10.07
feet) with a range of 2.2 meters to 4.70 meters. The gold is
contained in volcanic- quartz
type fluvial gravels beneath an average
of only 2.73 meters (8.95 feet) of sandy
overburden. CMIN believes
that the shallowness and accessibility of this pay horizon could
contribute significantly to the economic feasibility of CMIN’s
Gold
Sands project.

The second system of gold mineralization (HBD-XX) trends
northeast- southwest
through GSDG1. It was identified in January
2010, during CMIN’s Phase I drill
program, by Banka holes 21, 22 and
23. Subsequent infill drilling, at 30- meter
spacing, during the
current Phase II program outlined an average grade of 86 mg/cubic
meter along a linear 110 meter (361 feet) channel with an average
width
of 40 meters (131 feet). The grade of this fluvial system
is well above the 50mg/cubic meter standard for economic
consideration. As with the other fluvial
channel discovered, it is
close to surface.

James Prudden, Constitution Mining’s Chief Geological Consultant
commented, “The
Gold Sands district is formed by meandering rivers
that flow from the mouth of the Manseriche Gorge, which acts as a
giant natural sluice box. Just below the gorge, these waterways
deposit gold that was eroded and transported from the mountains of
Peru and Ecuador. The process has been going on for millions of
years. What we have foundare two resulting channels of gold
mineralization
that lie near the surface and contain grades that far
surpass our 50/mg standard
cutoff requirement for economic
consideration. Our technical focus now is to follow these channels
through the entire district to build a base of potentially
mineable
gold while also looking to discover new channels of mineralization.”

Consultation With MTI Holland (IHC Merwede’s Knowledge Center)
Regarding Pilot
Scale Production

Between 2009 and 2010 Constitution Mining executives have had
several meetings
with senior representatives of Dutch-based
dredging-equipment manufacturer MTI Holland/IHC Merwede to discuss
the economic feasibility of putting a test
dredging operation
into production with the goal of moving into full-
scale
production as the project advances.

In a detailed report prepared for Constitution Mining by MTI
Holland/IHC Merwede
in 2009, it estimated that the costs of
gold production will be US$1.60 – US$2.40 per cubic meter at
full-scale production. Based on CMIN’s current
preliminary results
and a gold price of $1,200/ounce, James Prudden
calculates
recoverable gold values from the HBD-33 channel to be
approximately $6.15 per cubic meter.

Constitution Mining CEO, Dr. Michael Stocker stated, “Based on
these results,
pilot scale mining the above channels at a rate of
2,000 cubic meters per day appears to be feasible and justifiable.”

In late August, MTI Holland/IHC Merwede is sending a senior
consultant to visit
Constitution’s technical team in Lima, Peru to
work on structuring a feasibility
plan to determine the economic
viability of implementing a pilot dredging and processing operation.

Dr. Stocker continued, “A successful pilot dredging operation could
potentially
generate substantial cash flow that can be used to
offset the future costs
associated with furthering the development
of both Constitution’s Gold Sands
project and the gold assets in
Nevada it has proposed to acquire from Seabridge
Gold (SA:
NYSE.AMEX).”

About The Phase II, 100-Hole Drill Program

On April 8, 2010, Constitution Mining initiated a 100-hole
drill program
designed to define a measureable quantity of gold
resources within a targeted
zone on CMIN’s 461 square kilometer
(178 square mile) Gold Sands project and determine whether the gold
that has been found to exist within this targeted
zone is of
sufficient quantity to support commercial production.

CMIN deployed 4 Banka drills which are currently drilling for
16-hours per day.
Each drill is operated by 2 teams, each
comprised of 8 laborers and 1 supervisor. More than 80 local area
residents are now working on the project,
including field
geologists and laboratory personnel. Additionally, CMIN’s churn
drill
is used selectively to drill holes to depths of up to 30 meters (98
feet),
where deeper channels are believed to exist.

The Phase II 100-hole program consists of definition drilling a
2.5 square
kilometer area that is situated over a large paleo channel
identified during the 26-hole property-wide Phase I exploratory
program. The drilling is being done on a grid of 4 lines, spaced
250 meters apart with holes on each line spaced at 100 meter
intervals. The depth of the Banka holes is up to 12 meters (40
feet).
Infill drilling is also being conducted, which is
designed to follow the discovery channels and continue to expand on
the mineralized zones.

Sampling Methods

Drill samples 0.50 meter in length are processed at the drill site
to support
two compatible quality data bases. Each sample is
screened, and the +4 mm fraction is analyzed for detailed
sedimentological and lithological information,
which is recorded
in both graphical and columnar format. This
detailed
information enables the site geologist to define the
stratigraphic levels
encountered in the drilling, which aids in
optimizing drill hole interpretation.
Such information would be
an important guide to value control during any dredging
operation.

The second sample processing step is gravity concentration of the
sand fraction.
A wooden batea is operated by a trained native
panner to process the sand
fraction. The resulting individual gold
grains are counted, and the total for the specific interval is noted
in the related drill log.

Approximately 95% of all drill intervals analyzed so far
contain some gold
mineralization. Upwards of 672mg/cubic meter of
gold was encountered in one drill sample (HBD-50). The higher
gold values correlate with both increased
grain weight and
concentration, which also coincides with high quartz
pebble
%ages. Drill site procedures use an individual grain
weight average of 0.010mg for field value estimates.

Gold morphology measurements, using Corey Shape Factor
determinations, range
from 0.01 to 0.33. The untarnished nature of
the gold grains renders laboratory
amalgamation direct and complete.
Drill hole logging records #4 colors, which
would indicate a gold
size in the 100 to 200 mesh range. Larger gold grains have
been
logged in some drill samples.

Constitution Mining’s VP of Exploration, Gary Artmont, evaluated
today’s news.
“During my 33-year mining career, I have served as
Chief Geologist for some of the world’s largest and most
successful mining companies, such as Freeport-McMoRan. While with
Freeport, I oversaw the successful drilling of more
than 120,000
meters in 17 different prospect areas that led to the discovery of
more than 8 million ounces of gold. I believe what we are dealing
with at our Gold Sands project has similar – perhaps even greater -
potential.”

About IHC Merwede Group

IHC companies have been involved in the design and fabrication of
dredge mining
equipment since the end of the 19th century. Most of
this equipment is used in dredge mining projects all around the
world, thus generating a great deal of in-house knowledge and
furthering technical development.

Beyond their important innovations such as like the dredging
wheel, dredge
mining automation systems, submerged pumping
technology and track chain bucket
ladder systems, IHC Merwede
is constantly trying to improve on its
state-of-the-art designs
for dredge mining systems.

For more information about IHC Merwede, visit http://www.ihcmerwede.com/dredging-mining.

About Constitution Mining Corp. (CMIN.OB)

The Company’s goal is to locate large-scale commercially viable
gold deposits
and continuously increase the amount of gold underlying
its outstanding shares.
The Company is interested primarily in
geographical areas that are home to several significant proven gold
deposits, including highly prospective districts
likely to hold
further large deposits.

Peru

The first and most active project is in the Gold Sands region of
Peru – laid
down by eons of alluvial erosion. For millions of
years, the waters of the Santiago and the Maranon rivers have
been carving their way through the gold-rich mountain canyons of
the Andes, carrying off vast amounts of gold and depositing it in
the loose gravels and sands – Gold Sands – in the area the
Company now controls.

Results from test holes drilled during CMIN’s 26-hole Phase I
exploratory drill
program indicate the presence of significant
alluvial gold. The Company is now actively engaged in conducting a
Phase II drill program focused on grid drilling
a 2.5 square
kilometer region. While the results from the Phase I drill
program
and the initial results of the Phase II, 100-hole drill
program are highly
favorable, further results are needed to
determine the full feasibility of the project.

The full implementation of these programs will require the
Company to secure
additional financing.

Nevada

On April 1st, 2010 CMIN executed a definitive and binding
Asset Purchase
Agreement with Seabridge Gold Inc. to acquire 30
Nevada-based gold projects
comprised of 2,141 claims, primarily
located in the heart of Nevada’s prolific
Walker Lane gold belt.

The most advanced project in the 30-property package of mineral
claims the Company is seeking to acquire is the Castle Black Rock
gold project in Esmeralda
county, which has an NI-43-101-compliant
gold resource of 215,000 ounces in the measured and indicated
categories (12.38 million tonnes grading 0.54 gram of gold per
tonne) and 93,000 ounces in the inferred category (7.95 million
tonnes
grading 0.37 gram of gold per tonne). For further
information about the Nevada
gold resources, click here:

http://www.seabridgegold.net/resources.php.

The closing of the Agreement, which is anticipated to occur
on or before
September 30th, 2010, is subject to certain
conditions, including, but not limited to: (1) Seabridge
obtaining certain authorizations, approvals and consents necessary
to transfer the assets to the Company; (2) the accuracy of the
parties’ representations and warranties; and (3) material performance
of all of the agreements and obligations of the parties.

Further information about Constitution Mining Corp may be found at:

http://www.ConstitutionMining.com.

On behalf of the Board:

Dr. Michael Stocker – CEO

Constitution Mining Corp. (CMIN.OB)

Investor Inquiries:

Toll Free: 888-906-5656

Direct Dial: +41 (0) 71 791 0080

Email: Info@ConstitutionMining.com

Disclaimer

This release contains forward-looking statements that are based on
beliefs of Constitution Mining Corp. management and reflect
Constitution Mining Corp’s
current expectations as contemplated
under section 27A of the Securities Act of 1933, as amended, and
section 21E of the Securities and Exchange Act of 1934, as amended.
When we use in this release, the words “estimate,”
“project,”
“believe,” “anticipate,” “intend,” “expect,” “plan,”
“predict,” “may,” “should,”
“will,” “can,” the negative of these
words , or such other variations thereon,
or comparable
terminology, are all intended to identify forward
looking
statements. Such statements reflect the current views of
Constitution Mining
Corp. with respect to future events based on
currently available information and are subject to numerous
assumptions, risks and uncertainties, including but not limited to,
risks and uncertainties pertaining to development of
mining
properties, changes in economic conditions and other risks,
uncertainties and factors, which may cause the actual results,
performance , or achievement
expressed or implied by such forward
looking statements to differ materially
from the forward looking
statements. The information contained in this press
release is
historical in nature, has not been updated, and is current only to
the date shown in this press release. This information may no longer
be accurate
and therefore you should not rely on the information
contained in this press
release. Constitution Mining Corp.
cautions that it has not verified or confirmed the accuracy of
the gold resource estimate concerning the Castle Black
Rock gold
project in Esmeralda county that was prepared at the direction of
Seabridge in October 2000.To the extent permitted by law,
Constitution Mining
Corp. and its employees, agents and consultants
exclude all liability for any loss or damage arising from the use
of, or reliance on, any such information,
whether or not caused by
any negligent act or omission.

[HUG#1433957] — End of Message —

Constitution Mining Manuela Saenz 323, Suite 706 Buenos Aires
Argentina

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