Linear Metals Reports 43-101 Mineral Resources at KM61 Project

Tuesday December 9, 2008

Highlights

· Indicated Resource of 66.6 million tonnes at 0.063% molybdenum equivalent
· Inferred Resource of 38.9 million tonnes at 0.065% molybdenum equivalent

December 9, 2008 – Toronto, Ontario – Linear Metals Corporation (TSX: LRM) is pleased to report an initial Mineral Resource estimate for the Main Zone at its KM61 Project located near Armstrong, Ontario. This resource consists of a single body of mineralization as detailed in the tables below. At a cut-off grade of 0.02% molybdenum, the 66.6 million tonne Indicated Resource includes in-situ metal quantities of 127.7 million pounds of copper, 78.2 million pounds of molybdenum, and 5.5 million ounces of silver. In addition, the 38.9 million tonne Inferred Resource includes in-situ metal quantities of 78.0 million pounds of copper, 46.5 million pounds of molybdenum, and 3.4 million ounces of silver.Brian MacEachen, Linear Metals President & CEO, states, “We are encouraged that the first 43-101 compliant resource estimate at KM61 has identified a significant Indicated Resource of 66.6 million tonnes of 0.063% molybdenum equivalent with an additional Inferred Resource of 38.9 million tonnes of 0.065% molybdenum equivalent. This is Linear’s second significant resource estimate in 2008 with our Cobre Grande project, located in Oaxaca Mexico, reporting an initial 43-101 compliant Inferred Resource of 49.8 million tonnes of 0.92% copper equivalent in May 2008. Together, our KM61 and Cobre Grande resources provide Linear and our shareholders with tremendous leverage and exposure to long-term molybdenum and copper prices.”

“We are also very pleased,” adds Brian MacEachen, “to see the majority of the mineral resources at KM61 in the Indicated category, a prerequisite for pre-feasibility studies. This will allow us to advance the project with a minimal amount of additional drilling within the identified Main Zone. KM61 is extremely well located from an infrastructure, environmental and socio-economic perspective and we believe the project has excellent prospects for being mined.”

The Mineral Resources encompass the 1.55 kilometre long and up to 275 metres wide Main Zone of the KM61 project where exploration has focused to date. Metallurgical recoveries, from a locked cycle test for KM61, have been reported previously (see press release dated November 24, 2008), and though subject to change as more test work is completed, show mineralization that responds well to conventional flotation.

Further study is also planned within the Main Zone Resource to define how much of the higher grade (≥ 0.10% molybdenum), near-surface mineralization can be modeled into a potential “starter-pit” zone.

View full press release Linear Metals Reports 43-101 Mineral Resources at KM61 Project.