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January 11, 2012
 


COGITORE RESOURCES CURRENTLY DRILLING ON TWO PROJECTS

Cogitore Resources Inc. ("Cogitore") (TSX VENTURE:WOO) COGITORE Resources Inc. (the "Company") (TSX VENTURE:WOO) is pleased to report that diamond drilling programs are currently underway at two of its base metal projects.

One drill rig is in operation at the Caribou Project located in the Casa-Berardi area, where a 1,200 metre drill program is underway. Drilling in 2009 led to the discovery of high grade new massive sulphides located 3.4 kilometres to the west of the Estrades mine. The deposit forms a thin vertical sheet of approximately 300 metres by 400 metres. The weighted average of the six holes drilled to date is 3.3% copper, 6.5% zinc, 1.7 g/t gold and 66.1 g/t silver over a core length of 1.5 metres. The grades encountered makes the deposit amongst the top 10% of all VMS deposits worldwide (in terms of grade) and the deposit remains open below 600 metres vertical.

The targets for the on-going program include the extension at depth of the Caribou copper-zinc- gold-silver deposit, and an isolated conductor (InfiniTEM anomaly) identified in 2010 on strike and to the east of the deposit.

One rig has also moved to the Scott Lake Project where a 7,600 metre program has started. One of the objectives of the program is to test the structural interpretation suggested by Roscoe Postle Associates in the Central Lens area in the course of the recent resource evaluation. This will provide useful information in preparation for a preliminary economic evaluation. In addition, specific areas will be tested for additional resources, including:

  • extension of the Central Lens sector over a 300 metre gap towards "34 Zinc Zone";
  • SC-61 area along Tony Rhyolite (0.9% Cu over 21 m, including 2.8% Cu over 3.1m - south contact; 6.8% Cu, 0.5g/t Au and 140 g/t Ag over 20cm - north contact);
  • CFO Lens west extension; and
  • mineralized volcanics in proximity to the regional Gwillim Lake fault.

The Company has developed a strategic focus on base metal exploration in prospective areas that also feature infrastructure favourable for mining development. Accordingly, it will focus its work in the Abitibi Belt of Quebec and Ontario.

www.cogitore.com/

For more information please contact:

Gérald Riverin
President & CEO
Telephone: 819-764-6666 or

Mark Goodman
Executive Chairman
Telephone: 416-924-9893

Forward Looking Statements

Certain statements contained in this news release may constitute forward-looking information within the meaning of securities laws. Forward-looking information may relate to our future outlook and anticipated events or results. In particular, statements relating to Cogitore's plans in the Abitibi Belt of Quebec and Ontario, and in the Central Belt of Newfoundland, which involve known and unknown risks, uncertainties and other important factors which may cause the actual results, performance or achievements of Cogitore to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. In some cases, forward- looking information can be identified by terms such as "may", "will" or other similar expressions concerning matters that are not historical facts. These statements are based on Cogitore's current expectations and assumptions regarding expected developments. While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect.

Actual results may differ materially as a result of risks, uncertainties and other factors, such as changes in the general economic, regulatory, industry, market and business conditions; fluctuations in prices of precious and base metals and currency exchange rates; the possibility that future exploration results will not be consistent with Cogitore's expectations; unanticipated costs and expenses; timing and availability of external financing on acceptable terms; dependence on key personnel; failure of equipment and development including, but not limited to, unusual or unexpected geological formations. Such factors are also described or referred to under the headings "Property and Financial Risk Factors Affecting Financial Instruments" and "Risk and Uncertainties" of Cogitore's Management's Discussion and Analysis for the year ending December 31, 2010, all of which are incorporated by reference herein and are available at SEDAR at www.sedar.com. We caution that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on Cogitore's forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail.

You should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Cogitore undertakes no obligation to update publicly or release any revisions to these forward- looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events except where required by applicable laws.

This press release does not constitute and the subject matter hereof is not, an offer for sale or a solicitation of an offer to buy, in the United States or to any "U.S Person" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "1933 Act")) of any equity or other securities of Cogitore. The securities of Cogitore have not been registered under the 1933 Act and may not be offered or sold in the United States (or to a U.S. Person) absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.