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Duluth Metals Limited Inc.

Publié le 16 juin 2009

expands exploration land holdings in the Duluth Complex

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Mots clés associés :   Copper | Nickel | Palladium |

Re:        News Release - Tuesday, June 16, 2009
Title:     Duluth Metals Expands Exploration Land Holdings in the Duluth Complex

TORONTO, Ontario, June 16, 2009 - Duluth Metals Limited ("Duluth Metals") (TSX: DM) (TSX:DM.U) is pleased to announce the successful acquisition of 3,353 acres by way of nine prospective mineral leases from the State of Minnesota. The new acquisitions include 3,161 acres of matching surface rights. This newly-leased acreage is within the Duluth Complex and located in Lake County, Minnesota. These strategic lands were acquired for future exploration for copper, nickel, and precious metal mineralization and/or for strategic planning and infrastructure purposes.

The new acquisitions are located 21 kilometers (13 miles) south of the Nokomis Deposit and 13 kilometers (8 miles) south-east of the Dunka Property. The Cascade Properties (as they are known) potentially overlie the southern extent of the South Kawishiwi Intrusion as it is cross-cut by the base of the Greenwood Lake Intrusion. The property has potential for contact-type copper-PGE mineralization. The Nokomis Deposit has a NI 43-101 compliant Indicated Resource of 449 million tonnes grading 0.624% copper, 0.199% nickel, 0.600 grams per tonne of TPM (TPM = Platinum+Palladium+Gold), as well as 284 million tonnes of Inferred Resources grading 0.627% copper, 0.194% nickel, 0.718 grams per tonne of TPM. (For reference, the Nokomis Property totals 3,001acres.)

These new land acquisitions bring the current mineral rights and exploration holdings of Duluth Metals to approximately 18,656 acres and 13,990 acres of surface rights, making it the largest mineral rights holder of prospective copper-nickel-PGM lands in Minnesota. Duluth Metals also has pending State and Federal lease applications, which if awarded, would more than double the current holdings.

A map showing the newly acquired land parcels along with the existing Nokomis Property can be viewed on our website at www.duluthmetals.com along with this press release.



The Company also confirms that the new NI 43-101 Resource Study by Scott Wilson RPA has commenced incorporating an additional 48 vertical drill holes and 67 wedge holes.

David Oliver, P. Geo. and Duluth Project Manager is the Qualified Person, in accordance with NI 43-101 of the Canadian Securities Administrators, and is responsible for the technical content of this press release and quality assurance of the exploration data and analytical results.

About Duluth Metals

Duluth is committed to acquiring, exploring and developing copper, nickel and platinum group metal (PGM) deposits. Duluth's principal property is the Nokomis Deposit located within the rapidly emerging Duluth Complex mining camp in northeastern Minnesota. The Duluth Complex hosts one of the world's largest undeveloped repositories of copper, nickel and PGMs, including the world's third largest accumulation of nickel sulphides, and one of the world's largest accumulations of polymetallic copper and platinum group metals.

This document may contain forward-looking statements (including "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995) relating to Duluth's operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Duluth's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filings. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Duluth disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

For further information: please contact Mara Strazdins, Director of Corporate Communications, at mstrazdins@duluthmetals.com or at (416) 369-1500 or Henry Sandri, President and CEO, at hsandri@duluthmetals.com. Minnesota corporate office: telephone 651-389-9990.

Web Page: www.duluthmetals.com

Copyright � 2009 DULUTH METALS LIMITED (DM) All rights reserved. For more information visit our website at http://www.duluthmetals.com/ or send email to info@duluthmetals.com ..

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Duluth Metals est une société d’exploration minière de nickel et de palladium basée au Canada.

Duluth Metals est en développement de projets de nickel, de palladium, de cobalt, de cuivre, d'or, de platine et de plomb en USA, et détient divers projets d'exploration au Canada.

Son principal projet en développement est BIRCH LAKE en USA et son principal projet en exploration est NOKOMIS au Canada.

Duluth Metals est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 63,1 millions CA$ (50,9 millions US$, 44,8 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 4,07 CA$, et son plus bas niveau récent le 31 octobre 2014 à 0,06 CA$.

Duluth Metals possède 141 880 000 actions en circulation.

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