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Duluth Metals Limited Inc.

Publié le 14 mai 2012

Highlights 116.5 feet of 1.32 g/t Total Precious Metals and 2.57% Copper Equivalent Amongst Drill Re

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Mots clés associés :   Cobalt | Copper | Nickel | Palladium | Precious Metals | Report |

Re:        News Release - Monday, May 14, 2012
Title:     Duluth Metals Highlights 116.5 feet of 1.32 g/t Total Precious Metals and 2.57% Copper Equivalent Amongst Drill Results for 30 Holes at the Twin Metals Minnesota Project

  • Nokomis and Maturi deposits will be consolidated due to geologic continuity and referred to as the "Maturi Deposit"
  • Drilling indicates continuity between these two deposits
  • Good assay results amongst 30 holes at the Twin Metals Minnesota Project with strong Total Precious Metals values
  • Maturi Deposit shows good grades and widths
  • Pre-Feasibility study in progress on Twin Metals Minnesota Project
  • The resource estimate prepared in compliance with the requirements of NI 43-101 on the consolidated mineral resource of the Twin Metals Minnesota Project is nearing completion by AMEC. This resource estimate will be used for the pre-feasibility study.
TORONTO, Ontario, May 14, 2012 - Duluth Metals Limited ("Duluth Metals") (TSX: DM) (TSX: DM.U) is pleased to announce strong assay results for continued drilling on the Twin Metals Minnesota Project in northeastern Minnesota. These drill holes continue to indicate continuity between the Nokomis and Maturi deposits, good widths and grades in Maturi at relatively shallow depths, and the continuity of Nokomis in and around the 'donut hole'. While these recently completed holes will not be incorporated into the resource estimate to be issued by AMEC this quarter, in the final Pre-Feasibility estimate the holes will be very valuable in upgrading portions of the resource from the Inferred to the Indicated category. In addition, given the demonstrated continuity between the Maturi and Nokomis deposits, Twin Metals Minnesota is consolidating the deposits as a single deposit under the name Maturi Deposit.

Eighteen holes completed within or near the Maturi Deposit demonstrate continuous, relatively thick mineralization. Drilling highlights include:
  • Mex-299 returned 281.5 feet of 0.770% copper, 0.213% nickel, 2.7 g/t silver and 0.538 grams TPM (Cu Equivalent* of 1.63%) including a 70.0 foot section of 1.128% copper, 0.321% nickel, 4.3 g/t silver and 0.804 grams TPM (Cu Equivalent* of 2.42%).
  • Mex-307 returned 245 feet of 0.788% copper, 0.226% nickel, 2.6 g/t silver and 0.592 grams TPM (Cu Equivalent* of 1.70%) including a 35 foot section of 1.056% copper, 0.322% nickel, 3.7 g/t silver and 0.876 grams TPM (Cu Equivalent* of 2.37%).
  • Mex-310 returned 188.5 feet of 0.811% copper, 0.239% nickel, 2.8 g/t silver and 0.650 grams TPM (Cu Equivalent* of 1.79%) including a 65 foot section of 1.061% copper, 0.317% nickel, 3.5 g/t silver and 0.928 grams TPM (Cu Equivalent* of 2.38%).
"These positive drill results continue to show the continuity of mineralization throughout the deposit as well as the potential for significant zones with above average grades", stated Vern Baker, President of Duluth Metals. "The indicated continuity between what has been known as the Nokomis Deposit with the original resource known as the Maturi Deposit makes it clear that this is one large and continuous deposit. It makes perfect sense for us to combine the two and call the combined deposit the Maturi Deposit after the original discovery."

Nine holes drilled in and around the "Donut Hole" area show strong continuity and grade. One hole, MEX-291M, returned 116.5 feet of 1.043% copper, 0.330% nickel, 3.8 g/t silver and 1.324 grams per tonne (g/t) Total Precious Metals (TPM = Platinum+Palladium+Gold) (Cu Equivalent* of 2.57%) including a 70 foot section of 1.240% copper, 0.399% nickel, 4.5g/t silver and 1.558 g/t TPM (Cu Equivalent* of 3.07%). MEX-305 returned 170 feet of 0.845 copper, 0.255% nickel, 2.6 g/t silver and 0.888 g/t TPM (Cu Equivalent* of 1.96%) including a 20 foot section of 1.300% copper, 0.418% nickel, 3.5 g/t silver and 1.576 g/t TPM (Cu Equivalent* of 3.16%). MEX-291M and MEX-305 are in an area historically denoted the Central Higher Grade Zone and are near historic holes with similar grades. One previously reported hole (see press release May 17, 2010 ) MEX-167 returned 125 feet of 1.037% copper, 0.311% nickel, 3.6 g/t s silver and 1.501 g/t TPM (Cu Equivalent* of 2.586%) including a 55 foot section of 1.273% copper, 0.401% nickel, 4.6 g/t silver and 2.140 g/t TPM (Cu Equivalent* of 3.362%). Other historic higher grade holes in the zone include MEX-142-W2 (see press release Dec. 4, 2008) which intersected 24.5 feet of 1.084% copper, 0.296% nickel and 1.715 g/t TPM (Cu Equivalent* of 2.664%) within a 157.5 foot section of 0.740% copper, 0.219% nickel, and 1.114 g/t TPM (Cu Equivalent* of 1.856%); and MEX-109 (see press release July 10, 2008) which intersected 40.0 feet of 0.955% copper, 0.278% nickel, 1.527 g/t TPM and 3.9 g/t silver (Cu Equivalent* of 2.40%) within a 155.0 foot section of 0.828% copper, 0.247% nickel, 1.089 g/t TPM and 3.2 g/t silver (Cu Equivalent* of 2.00%).

Two other significant holes drilled on the east side of the Maturi resource show continuity of higher grades in that portion of the deposit. MEX-290 returned 64 feet of 0.857% copper, 0.262% nickel, 2.8 g/t silver and 0.955 g/t TPM (Cu Equivalent* of 2.02%) including a 20 foot section of 1.080% copper, 0.314% nickel, 4.0 g/t silver and 1.383 g/t TPM (Cu Equivalent* of 2.55%). MEX-294 returned 109 feet of 0.723% copper, 0.219% nickel, 3.2 g/t silver and 0.873 g/t TPM (Cu Equivalent* of 1.74%).

*Note - Copper Equivalent is based on US metal prices of: Copper - $1.75/lb, Nickel - $7.00/lb, Cobalt - $10.00/lb, Gold - $600/oz, Platinum - $1,100/oz, Palladium - $350/oz and Silver - $8.50/oz, and the methodology with metallurgical recoveries, refining costs and other charges being considered for all metals in accordance with the Net Smelter Return Factors contained in the December 10, 2009 Technical Report On The Mineral Resource Estimate For The Nokomis Deposit On The Nokomis Property, Minnesota, U.S.A. by Scott Wilson RPA.

A map illustrating the location of 30 drill holes reported in this press release can be found on the Company website under this press release at www.duluthmetals.com. The map outlines the main delineated 2009 historical NI 43-101 resources excluding Birch Lake. (see Franconia's company profile on Sedar at www.SEDAR.com for the October 20, 2006 Technical Report on the Preliminary Assessment of the Birch Lake and Maturi Deposits, Minnesota, U.S.A by Scott Wilson Roscoe Postle Associates; and the November 15, 2007 Technical Report on the Resource Estimate for the Spruce Road Deposit, Minnesota, U.S.A by Scott Wilson Roscoe Postle Associates; Cut-off grade 0.5% Cu.; see Duluth's company profile on Sedar at www.SEDAR.com for the December 10, 2009 Technical Report On The Mineral Resource Estimate For The Nokomis Deposit On The Nokomis Property, Minnesota, U.S.A. Cut-off grade at 1.0% CuEq, **Copper equivalent (CuEq%) = Cu% + 3.03 x Ni% + 0.63 x Co% + 0.30 x Au g/t + 0.76 x Pt g/t + 0.24 x Pd g/t).


An initial NI-43-101 Technical Report on the consolidated mineral resources of the Twin Metals Minnesota Project is nearing completion by AMEC and is anticipated to be finalized in the second quarter of 2012. This resource estimate is going through final iterations as minor additions are incorporated into the geologic model and will be used for preliminary mine planning purposes. This initial resource update will be followed by a final resource estimate expected this fall which will incorporate data from approximately 170 additional drill holes. The final resource estimate will be used for mine planning purposes in the pre-feasibility study.

A more detailed summary of the assay results for MEX-286 to 316 can be found in the table below. True thickness is estimated at about 90% of core length.

HOLE  Zone From
(ft)
To
(ft)
Length
(ft)
Cu
(%)
Ni
(%)
TPM*
(g/t)
CuEQ
(%)
MEX-0286 @0.3% Cu cut-off 2163 2198 35 0.418 0.122 0.305 0.91
@0.5% Cu cut-off 2049.5 2098 48.5 0.773 0.228 0.784 1.77
MEX-0287 @0.3% Cu cut-off 2323 2427 104 0.589 0.191 0.588 1.40
  @0.3% Cu cut-off 2447 2492 45 0.432 0.136 0.376 0.99
  @0.5% Cu cut-off 2382 2427 45 0.746 0.232 0.636 1.70
MEX-0288 @0.3% Cu cut-off 2758 2833 75 0.462 0.161 0.514 1.15
MEX-0289 @0.3% Cu cut-off 3453 3568 115 0.624 0.169 0.748 1.45
  @0.5% Cu cut-off 3498 3528 30 0.750 0.194 1.071 1.84
  FW 3583 3613 30 0.382 0.062 0.364 0.71
MEX-0290 @0.3% Cu cut-off 2303 2343 40 0.360 0.118 0.337 0.85
  @0.5% Cu cut-off 2209 2273 64 0.857 0.262 0.955 2.02
  @1.0% Cu cut-off 2238 2258 20 1.080 0.314 1.383 2.55
MEX-0291M @0.5% Cu cut-off 3698 3814.5 116.5 1.043 0.330 1.324 2.57
@1.0% Cu cut-off 3718 3788 70 1.240 0.399 1.558 3.07
MEX-0292 @0.3% Cu cut-off 3788 3959.5 171.5 0.628 0.186 0.623 1.44
@0.5% Cu cut-off 3788 3883 95 0.770 0.227 0.762 1.76
MEX-0294 @0.5% Cu cut-off 2853 2962 109 0.723 0.219 0.873 1.74
FW 2962 3023 61 0.353 0.090 0.385 0.78
MEX-0295 @0.3% Cu cut-off 3502.5 3675 172.5 0.641 0.174 0.759 1.46
  @0.5% Cu cut-off 3508 3633 125 0.738 0.206 0.913 1.72
  FW 3675 3713 38 0.446 0.079 0.502 0.88
MEX-0296 @0.5% Cu cut-off 2183.5 2292 108.5 0.717 0.232 0.624 1.67
MEX-0297 @0.3% Cu cut-off 3943 4018 75 0.454 0.116 0.604 1.04
MEX-0298 @0.5% Cu cut-off 3166.5 3297.5 131 0.742 0.223 0.869 1.77
FW 3297.5 3323 25.5 0.518 0.147 0.530 1.18
MEX-0299 @0.5% Cu cut-off 1141.5 1423 281.5 0.770 0.213 0.538 1.63
@1.0% Cu cut-off 1163 1233 70 1.128 0.321 0.804 2.42
MEX-0300 @0.3% Cu cut-off 648 668 20 0.439 0.135 0.361 0.99
MEX-0301 @0.3% Cu cut-off 3648 3788 140 0.515 0.148 0.530 1.17
  @0.3% Cu cut-off 3858 3878 20 0.697 0.122 0.568 1.29
  @0.5% Cu cut-off 3653 3693 40 0.736 0.230 0.937 1.81


HOLE  Zone From
(ft)
To
(ft)
Length
(ft)
Cu
(%)
Ni
(%)
TPM*
(g/t)
CuEQ
(%)
MEX-0302 No significant mineralized intercepts.
MEX-0303-W1 @0.5% Cu cut-off 2481 2572 91 0.692 0.270 0.505 1.71
  FW 2572 2607 35 0.416 0.178 0.298 1.07
MEX-0304 @0.3% Cu cut-off 962 1246 284 0.712 0.203 0.480 1.51
  @0.5% Cu cut-off 962 1133 171 0.858 0.244 0.600 1.83
  @0.8% Cu cut-off 973 1063 90 0.932 0.265 0.687 2.00
MEX-0305 @0.3% Cu cut-off 3778 4005.5 227.5 0.741 0.225 0.807 1.74
  @0.5% Cu cut-off 3818 3988 170 0.845 0.255 0.888 1.96
  @1.0% Cu cut-off 3853 3873 20 1.300 0.418 1.576 3.16
MEX-0306 @0.5% Cu cut-off 733 884 151 0.673 0.194 0.639 1.50
FW 884 958 74 0.362 0.107 0.309 0.81
MEX-0307 @0.5% Cu cut-off 1499 1744 245 0.788 0.226 0.592 1.70
@1.0% Cu cut-off 1524 1559 35 1.056 0.322 0.876 2.37
MEX-0308 @0.3% Cu cut-off 3282 3382 100 0.584 0.168 0.784 1.40
MEX-0309 @0.5% Cu cut-off 3048.5 3203 154.5 0.677 0.185 0.638 1.48
MEX-0310 @0.5% Cu cut-off 623 811.5 188.5 0.811 0.239 0.650 1.79
  @1.0% Cu cut-off 633 698 65 1.061 0.317 0.928 2.38
  FW 873 898 25 0.384 0.088 0.329 0.78
MEX-0311 @0.3% Cu cut-off 3323 3358 35 0.591 0.162 1.464 1.66
MEX-0312 @0.3% Cu cut-off 2732 2802.5 70.5 0.635 0.224 0.686 1.59
MEX-0313 No significant mineralized intercepts.
MEX-0314 @0.3% Cu cut-off 486 712 226 0.584 0.167 0.438 1.26
  @0.5% Cu cut-off 486 572 86 0.770 0.217 0.642 1.68
  @1.0% Cu cut-off 527 562 35 0.953 0.265 0.815 2.07
MEX-0315 @0.5% Cu cut-off 793 988 195 0.642 0.207 0.564 1.50
MEX-0316 No significant mineralized intercepts.

Complete gold, platinum, palladium, silver and cobalt assays for MEX-286 to 316 are as follows:

HOLE Zone From
(ft)
To
(ft)
Length
(ft)
Pt
(g/t)
Pd
(g/t)
Au
(g/t)
Co
(%)
Ag
(g/t)
MEX-0286 @0.3% Cu cut-off 2163 2198 35 0.071 0.184 0.050 0.008 1.8
  @0.5% Cu cut-off 2049.5 2098 48.5 0.189 0.453 0.142 0.013 2.9
MEX-0287 @0.3% Cu cut-off 2323 2427 104 0.144 0.331 0.114 0.010 1.9
  @0.3% Cu cut-off 2447 2492 45 0.100 0.227 0.048 0.008 1.5
  @0.5% Cu cut-off 2382 2427 45 0.156 0.377 0.102 0.011 2.7
MEX-0288 @0.3% Cu cut-off 2758 2833 75 0.128 0.285 0.101 0.006 0.8
MEX-0289 @0.3% Cu cut-off 3453 3568 115 0.243 0.417 0.088 0.009 2.3
  @0.5% Cu cut-off 3498 3528 30 0.446 0.512 0.113 0.009 2.9
  FW 3583 3613 30 0.093 0.217 0.055 0.003 1.7
MEX-0290 @0.3% Cu cut-off 2303 2343 40 0.081 0.208 0.048 0.008 0.9
  @0.5% Cu cut-off 2209 2273 64 0.238 0.551 0.167 0.011 2.8
  @1.0% Cu cut-off 2238 2258 20 0.313 0.767 0.304 0.011 4.0
MEX-0291M @0.5% Cu cut-off 3698 3814.5 116.5 0.362 0.810 0.151 0.013 3.8
  @1.0% Cu cut-off 3718 3788 70 0.434 0.974 0.149 0.014 4.5
MEX-0292 @0.3% Cu cut-off 3788 3959.5 171.5 0.162 0.376 0.085 0.010 1.9
  @0.5% Cu cut-off 3788 3883 95 0.198 0.460 0.104 0.011 2.5
MEX-0294 @0.5% Cu cut-off 2853 2962 109 0.240 0.488 0.145 0.011 3.2
  FW 2962 3023 61 0.099 0.226 0.060 0.004 1.3
MEX-0295 @0.3% Cu cut-off 3502.5 3675 172.5 0.190 0.449 0.120 0.009 2.0
  @0.5% Cu cut-off 3508 3633 125 0.228 0.538 0.147 0.010 2.4
  FW 3675 3713 38 0.134 0.289 0.080 0.003 2.3
MEX-0296 @0.5% Cu cut-off 2183.5 2292 108.5 0.160 0.372 0.091 0.011 2.5
MEX-0297 @0.3% Cu cut-off 3943 4018 75 0.160 0.366 0.077 0.008 1.6
MEX-0298 @0.5% Cu cut-off 3166.5 3297.5 131 0.251 0.491 0.127 0.010 2.9
  FW 3297.5 3323 25.5 0.150 0.304 0.076 0.007 1.9
MEX-0299 @0.5% Cu cut-off 1141.5 1423 281.5 0.136 0.315 0.087 0.010 2.7
  @1.0% Cu cut-off 1163 1233 70 0.201 0.464 0.139 0.013 4.3
MEX-0300 @0.3% Cu cut-off 648 668 20 0.087 0.198 0.076 0.008 1.1
MEX-0301 @0.3% Cu cut-off 3648 3788 140 0.142 0.319 0.069 0.009 1.7
  @0.3% Cu cut-off 3858 3878 20 0.158 0.334 0.076 0.006 1.2
  @0.5% Cu cut-off 3653 3693 40 0.264 0.559 0.114 0.012 3.1


HOLE Zone From
(ft)
To
(ft)
Length
(ft)
Pt
(g/t)
Pd
(g/t)
Au
(g/t)
Co
(%)
Ag
(g/t)
MEX-0302 No significant mineralized intercepts.
MEX-0303-W1 @0.5% Cu cut-off 2481 2572 91 0.130 0.310 0.065 0.012 2.2
  FW 2572 2607 35 0.077 0.175 0.045 0.006 3.0
MEX-0304 @0.3% Cu cut-off 962 1246 284 0.115 0.287 0.078 0.011 2.3
  @0.5% Cu cut-off 962 1133 171 0.145 0.359 0.095 0.012 2.7
  @0.8% Cu cut-off 973 1063 90 0.165 0.407 0.115 0.012 2.7
MEX-0305 @0.3% Cu cut-off 3778 4005.5 227.5 0.205 0.491 0.110 0.010 2.2
  @0.5% Cu cut-off 3818 3988 170 0.227 0.540 0.121 0.011 2.6
  @1.0% Cu cut-off 3853 3873 20 0.369 0.947 0.260 0.016 3.5
MEX-0306 @0.5% Cu cut-off 733 884 151 0.131 0.329 0.179 0.011 2.3
FW 884 958 74 0.079 0.184 0.046 0.006 1.6
MEX-0307 @0.5% Cu cut-off 1499 1744 245 0.147 0.345 0.100 0.010 2.6
@1.0% Cu cut-off 1524 1559 35 0.207 0.505 0.163 0.014 3.7
MEX-0308 @0.3% Cu cut-off 3282 3382 100 0.206 0.464 0.114 0.009 2.1
MEX-0309 @0.5% Cu cut-off 3048.5 3203 154.5 0.153 0.403 0.082 0.009 2.2
MEX-0310 @0.5% Cu cut-off 623 811.5 188.5 0.167 0.392 0.091 0.011 2.8
  @1.0% Cu cut-off 633 698 65 0.238 0.571 0.119 0.013 3.5
  FW 873 898 25 0.079 0.200 0.050 0.005 4.3
MEX-0311 @0.3% Cu cut-off 3323 3358 35 0.401 0.901 0.162 0.008 2.4
MEX-0312 @0.3% Cu cut-off 2732 2802.5 70.5 0.188 0.411 0.088 0.009 2.1
MEX-0313 No significant mineralized intercepts.
MEX-0314 @0.3% Cu cut-off 486 712 226 0.108 0.266 0.064 0.010 2.3
  @0.5% Cu cut-off 486 572 86 0.157 0.393 0.093 0.011 3.0
  @1.0% Cu cut-off 527 562 35 0.193 0.500 0.122 0.013 3.4
MEX-0315 @0.5% Cu cut-off 793 988 195 0.158 0.328 0.078 0.013 2.4
MEX-0316 No significant mineralized intercepts.

The Twin Metals Minnesota Project covers over 32,000 acres of land/mineral interests and consolidates the largest base and precious metal land position in Minnesota. This extensive land position provides Twin Metals with the platform to plan and develop one the world's largest copper-nickel-PGM deposits within a new emerging mining belt in Minnesota, USA.

For the 2011-2012 Drill Program, half core samples are being prepared at ALS Minerals laboratories in Thunder Bay and then shipped to its analytical facilities in Vancouver. Samples are being analyzed for Au, Pt, and Pd using a 30g standard fire assay with an ICP-AES finish and for 33 other elements using a four acid (near total) digestion and a combination of ICP-MS and ICP-AES. ICP over-limits for copper and nickel are re-analyzed using dissolution four acid (near total) digestion followed by ICP-AES or AAS. The remaining half core samples are being stored in Minnesota.

Phillip Larson, P. Geo. is the Qualified Person for Duluth Metals and Senior Geologist for Duluth Metals, in accordance with NI 43-101 of the Canadian Securities Administrators, and is responsible for Duluth Metals technical content of this press release and quality assurance of the exploration data and analytical results.

About Duluth Metals Limited

Duluth Metals Limited is committed to acquiring, exploring and developing copper, nickel and platinum group metal (PGM) deposits. Duluth Metals has a joint venture with Antofagasta plc on the Twin Metals Minnesota Project, located within the rapidly emerging Duluth Complex mining camp in north-eastern 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. Aside from the joint venture, Duluth Metals retains a 100% position on approximately 40,000 acres of mineral interests on exploration properties adjacent to and nearby the Twin Metals Minnesota LLC joint venture.

About Twin Metals Minnesota LLC

Twin Metals Minnesota, LLC, is a joint venture company, 60 percent owned by Duluth Metals Limited and 40 percent by Antofagasta plc. Twin Metals was formed in 2010 to pursue the development and operation of a copper, nickel and platinum group metals (strategic metals) underground mining project within the Duluth Complex in northeastern Minnesota. Twin Metals holds mineral and land assets of approximately 32,000 acres of leased and permitted land, including mineral resources prepared in compliance with the requirements of NI 43-101.

This press release contains forward-looking statements (including "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995) relating to, among other things, the results of drilling operations of Duluth Metals and exploration and mine development. Generally, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Duluth Metals has relied on a number of assumptions and estimates in making such forward-looking statements, including, without limitation, the prices of copper, nickel and platinum group metals (PGMs) and the costs associated with continuing exploration and mining development. Such assumptions and estimates are made in light of the trends and conditions that are considered to be relevant and reasonable based on information available and the circumstances existing at this time. A number of risk factors may cause actual results, level of activity, performance or outcomes of such exploration and/or mine development to be materially different from those expressed or implied by such forward-looking statements including, without limitation, whether such discoveries will result in commercially viable quantities of such mineralized materials, the possibility of changes to project parameters as plans continue to be refined, the ability to execute planned exploration and future drilling programs, possible variations of copper, nickel and PGM grade or recovery rates, the need for additional funding to continue exploration efforts, changes in general economic, market and business conditions, and those other risks set forth in Duluth Metals' most recent annual information form under the heading "Risk Factors" and in its other public filings. Statements related to "reserves" and "resources" are deemed forward-looking statements as they involve the implied assessment, based on realistically assumed and justifiable technical and economic conditions, that an inventory of mineralization will become economically extractable. Forward-looking statements are not guarantees of future performance and such information is inherently subject to known and unknown risks, uncertainties and other factors that are difficult to predict and may be beyond the control of Duluth Metals. Although Duluth Metals has attempted to identify important risks and factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended. Consequently, undue reliance should not be placed on such forward-looking statements. In addition, all forward-looking statements in this press release are given as of the date hereof. Duluth Metals 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. The forward-looking statements contained herein are expressly qualified by this disclaimer.

For more information please contact:


Mara Strazdins
Director of Corporate Communications
Telephone: (416) 369-1500 ext. 222
Email: mstrazdins@duluthmetals.com

Vern Baker
President
Telephone: (651) 389-9990
Email: vbaker@duluthmetals.com

Webpage: www.duluthmetals.com

Copyright � 2012 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 ..
Message sent on Mon May 14, 2012 at 9:42:34 AM Pacific Time

Duluth Metals Limited Inc.

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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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Financements de Duluth Metals Limited Inc.
21/10/2014Extends Private Placement Closing Date
18/03/2014Completes First Tranche of Private Placement
10/03/2014Announces Private Placement Offering
01/04/2013Announces CDN $30 Million Convertible Debenture Financing
27/05/2011ANNOUNCES NORMAL COURSE ISSUER BID AND SECURITIES REPURCHASE...
27/08/2008Announces Extension Of Exercise Period For Class A Warrants ...
Nominations de Duluth Metals Limited Inc.
17/05/2011Appoints Lieutenant General John Sattler (USMC Ret.) and Mr....
16/09/2008Appoints Dean M. Peterson, Ph.D. as Senior Vice-President, E...
07/08/2008Appoints Thomas F. Pugsley To Board
Projets de Duluth Metals Limited Inc.
07/01/2014(Minnesota Project)Provides Twin Metals Minnesota Project Pre-feasibility Updat...
18/07/2013(Minnesota Project)Provides Metallurgical Update on Twin Metals Minnesota Proje...
22/05/2013(Minnesota Project)Highlights 70 feet of 0.83% Copper, 0.28% Nickel and 0.876 g...
16/04/2013(Minnesota Project)Highlights 110 feet of 0.94% Copper, 0.31% Nickel and 1.17 g...
12/02/2013Announces that Twin Metals Minnesota has Appointed Kelly J. ...
05/02/2013Identifies Two New Mineralized Areas on Exploration Lands
21/01/2013Announces SEDAR filing of AMEC Technical Report on the Twin ...
09/11/2012(Minnesota Project)Highlights 136 feet of 0.945% Copper, 0.256% Nickel and 0.63...
11/10/2012(Minnesota Project)Highlights 155 feet of 1.371% Copper, 0.281% Nickel and 0.86...
10/10/2012Announces Second Drill Rig Mobilized On The East Shore Prope...
24/09/2012Announces Commencement Of Drilling At Nickel Lake Macrodike
21/09/2012Confirms Receipt Of Prospecting Permits From Bureau Of Land ...
17/09/2012Set To Drill Significant Exploration Properties Outside Of J...
30/05/2012(Minnesota Project)Highlights 209 feet of 2.01% Copper Equivalent at west Matur...
21/09/2011Announces Twin Metals Minnesota Contract with Bechtel for Pr...
07/07/2011(Nokomis)Announces 120 feet of 2.19g/t Total Precious Metals 350 Metr...
05/05/2011Announces $8 Million Drilling and Work Program for Explorati...
28/04/2011Announces Aggressive 2011 Program for Twin Metals Project af...
29/03/2011(Nokomis)Announces Higher Grade Intercepts With New Twin Metals Drill...
21/07/2010(Nokomis)Signs Definitive Participation Agreement With Antofagasta Pl...
23/06/2010(Nokomis)Returns 2.2% Copper Equivalent Over 75 Feet
17/05/2010(Nokomis)Hits 2.6% Copper Equivalent Over 125 Feet at Nokomis
22/04/2010(Nokomis)Expands Higher Grade Area
22/03/2010(Nokomis)Higher Grade Assays In First Hole From Winter Drilling Progr...
04/03/2010(Nokomis)Ramps up Winter Exploration
28/01/2010(Nokomis)Set To Explore Significant Properties Outside Of Nokomis Joi...
11/12/2009Receives NI 43-101 Report and Updated Resource Estimate for ...
26/10/2009(Nokomis)Expands Nokomis Resource to 550 Million Indicated Tonnes and...
12/01/2009(Nokomis)43-101 Preliminary Assessment Report Confirming Positive Eco...
04/12/2008(Nokomis)continues to receive wide significant mineralized intersecti...
25/11/2008New Ni 43-101 Preliminary Economic Assessment Confirms Highe...
22/07/2008(Nokomis)Receives Ni 43-101 Report On Interim Nokomis Deposit Resourc...
02/04/2008(Nokomis)Cuts New High Grade Zone Below Nokomis Deposit
11/03/2008Expands Strategic Land Position by Over 350 Percent
14/02/2008(Nokomis)Continued Drilling Expands Nokomis Deposit
Communiqués de Presse de Duluth Metals Limited Inc.
16/12/2014commences mailout of management information circular for arr...
03/12/2014Granted Interim Order For Arrangement
10/11/2014completes initial tranche of private placement with Antofaga...
03/10/2014(Minnesota Project)Files NI 43-101 Pre-feasibility Study Technical Report on th...
02/06/2014Annual General Meeting to be Held at 10:00 AM EDT June 9th a...
26/02/2014Announces Increased Tonnage, Metal Content and an Upgraded M...
04/09/2013Announces High Grade Nickel Intercepts Indicative of New Con...
06/08/2013Announces Discovery Immediately Southeast of Teck's Mesaba P...
18/06/2013Announces 2013 Annual Shareholders' Meeting Voting Results
07/06/2013Annual General Meeting to be Held at 10:00 AM EDT June 13th ...
10/04/2013Announces Closing of CDN $30 Million Convertible Debenture F...
16/10/2012Announces Mobilization of a Third Drill Rig on Exploration ...
01/10/2012announces closing of US$10 million loan financing with A...
13/06/2012Announces New AMEC NI 43-101 Technical Report Confirming Sig...
14/05/2012(Minnesota Project)Highlights 116.5 feet of 1.32 g/t Total Precious Metals and ...
23/04/2012Announces 30 feet of 2.11 g/t Total Precious Metals and 94 f...
21/03/2012Announces Twin Metals Frame-of-Reference for Bechtel Led Pre...
17/01/2012Announces 40 feet of 2.67 g/t Total Precious Metals on Lates...
31/08/2011Completes Transfer of Franconia Minerals Assets into Twin ...
18/08/2011Information Bulletin Re Dividend of Special Warrants to its ...
02/08/2011Commences Drilling Program on Platinum Targets on the Land ...
28/07/2011Announces Dividend of Special Warrants of Duluth Exploration...
09/06/2011Announces 34.5 feet at 2.82% CuEq from Twin Metals New Drill...
07/06/2011Annual and Special Meeting to be Held June 15th at One King ...
03/03/2011Franconia Minerals Shareholders Approve Arrangement with Dul...
09/08/2010Last Week's Events
08/06/2010Annual And Special Meeting To Be Held At The Toronto Board O...
18/11/2009Nominated for Mining Journal's Exploration Award
30/10/2009Confirms 12 Million Indicated Ounces And 6 Million Inferred ...
18/08/2009Hole Hits Mineralization 900 Meters Southwest Of Defined Bou...
16/06/2009expands exploration land holdings in the Duluth Complex
10/09/2008Progress Report On The Nokomis Deposit
14/08/2008Continues Infill Drilling On The Nokomis Deposit
21/05/2008Announces Early Warrant Exercise
25/03/2008 Presents At John Tumazos Very Independent Research, Llc Met...
04/03/2008 Hits Higher Grade Mineralization In Eastern Area
19/02/2008options key infrastructure land parcel
05/09/2007new drill results confirm increased mineralization to Nokomi...
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