Cogitore Resources Currently Drilling on Two Projects

TORONTO, ONTARIO--(Marketwire - Jan. 11, 2012) - 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.

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 some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue", "does not expect", "budget", "scheduled", "forecast" or other similar expressions concerning matters that are not historical facts. These statements are based on certain factors 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.

Forward looking-information involves known and unknown risks, uncertainties and other important factors that could cause actual results, performance or achievements of the Company to differ materially from the future results, performance or achievements expressed or implied by such forward looking information. Such risks, uncertainties and other important factors include, without limitation: general economic conditions; access to skilled consultants; the possibility that future exploration results will not be consistent with the Company's expectations; uncertainties involved in interpreting drilling results; unanticipated costs and expenses; timing and availability of external financing on acceptable terms; dependence on key personnel; future prices of precious and base metals; failure of equipment or processes to operate as anticipated; and risks inherent in mining exploration 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 "Other Risk and Uncertainties" of the Company's Management's Discussion and Analysis for the quarter ending March 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 the Company'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. The Company 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.