Paradigm Metals Limited announced further reverse circulation drill hole intersections of copper and silver at the Company's 100% owned Frogmore project, EL 6590, New South Wales. Frogmore is located 25 kilometers northeast of the township of Boorowa NSW about 100 kilometers south of Newcrest's Cadia Valley mines. The Frogmore project is prospective for high grade copper and silver mineralization of the Cobar style.

Assays have been received for the last two RC holes both of which contained significant mineralization. A full summary of drill results from the Frogmore project, including recent and past results is appended. Highlights of the new results include:
1. FRC029 - 32 meters 0.5% copper and 6 gram per tonne silver from 79 meters including 5 meters 1.5% copper and 19 gram per tonne silver from 106 meters.

2. FRC030 - 2 meters 1.33% copper and 14 gram per tonne silver from 69 meters.

Other previously announced results from the recent RC drill program include:
1. FRC026 - 7 meters 1.2% copper and 13 gram per tonne silver from 245 meters including 2 meters 2.26% copper and 18 gram per tonne silver 247 meters.

2. FRC027 - 5 meters 2.3% copper and 16 gram per tonne silver from 197 meters including 3 meters 3.50% copper and 24 gram per tonne silver from 198 meters.

3. Zinc and lead mineralization was intersected in FRC027 - 1 meter 5.1%Zn, 2.2%Pb, 0.9%Cu and 31 gram per tonne Ag from 245 meters.

Down hole geophysics;
Down-hole electromagnetic geophysics was completed in drill holes FRC026, 027, 028 and 033 to identify proximal sulphide targets for future drilling. While no in hole responses directly associated with the mineralized zone were detected, off hole DHEM responses are consistent with the mineralized horizon being weakly conducting and possibly extending some distance away from the known intersections.

Planned work;
Paradigm is now planning a diamond drill program to test the deep copper potential down plunge of known mineralization.

Dr Graham Carman MD of Paradigm Metals said that "The Directors believe that Frogmore represents an outstanding opportunity to find an economic copper deposit in a very well located part of New South Wales close to infrastructure and markets. We believe there is excellent potential for the copper mineralization to continue, and hopefully strengthen in grade with depth as do the copper deposits of Cobar. The Company will provide more information relating to the diamond drill program once details come to hand."