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Duluth Metals Limited Inc.

Publié le 19 février 2008

options key infrastructure land parcel

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Mots clés associés :   Canada | Copper | Nickel |
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Duluth Metals Options Key Infrastructure Land Parcel
======================================================================

TORONTO, Ontario, February 19, 2008 - Duluth Metals Limited ("Duluth
Metals") (TSX: DM) (TSX:DM.U) today announced the signing of an
exclusive option to purchase a key piece of infrastructure land called
the Dunka Pit from Cliffs Erie LLC ("CE"), a subsidiary of
Cleveland-Cliffs Inc ("Cliffs"). The acquisition of this strategic
land parcel which is in close proximity to the Duluth Metals Nokomis
Deposit would meet a two-fold objective of providing a location for
offsite processing, while fulfilling Duluth Metal's commitment to
environmental stewardship through use of an existing
brownfield/industrial location.

"The potential use of Dunka is an excellent example of the
're-utilization' of former ferrous mining sites as processing plant
locations", stated Dr. Henry J. Sandri, President and CEO. "The
recycling of existing ferrous mining sites takes advantage of
brownfield locations that have limited use, reduces the future
disturbance of area lands, and, under new regulations, can ensure that
the eventual sites are reclaimed to existing environmental standards.
The anticipated acquisition of Dunka will meet Duluth Metals' objective
of locating off site processing and re-using an existing
brownfield/industrial location." stated Dr. Sandri.

Dunka is a former iron ore / taconite open pit mine located at the
northeastern tip of the Mesabi Range iron ore deposits. Dunka was
mined first by Erie Mining Company and then later by LTV Steel Mining
Company ("LTVSMC") until 1994 and Dunka's ore, along with five other
mines, was shipped to the beneficiation facilities at Hoyt Lakes,
Minnesota for processing into pellets. CE acquired Dunka along with
other LTVSMC properties and operations when it purchased the LTVSMC
assets in 2001.

The Dunka assets include approximately 1,845 acres, including three
interconnected previously mined iron ore pits, rock berms, adjacent
lands, access routes, rights-of-way, infrastructure and utility
corridors, and operational facilities, including a water treatment
plant. Dunka is presently a brownfield site in the final stages of
remediation. After exercise of the option by Duluth Metals, the
completion of the sale would be subject to State of Minnesota
regulatory review, including the transfer of ongoing environmental and
reclamation obligations of the Dunka site to Duluth Metals.

Duluth Metals will be evaluating the Dunka site as a future
infrastructure and residual rock disposal site for the processing of
copper, nickel and platinum group metals ores from its Nokomis Deposit,
located approximately 8 kilometers (5 miles) to the northeast.

Other recent examples of the recycling of former ferrous mining
operations include CE's sales and options to sell other portions of the
former LTVSMC site. These include a sale to Mesabi Nugget (for an iron
nugget facility), a sale to PolyMet Mining, Inc. (for a copper-nickel
mining and processing facility), and an option to Excelsior Energy (for
a 603 MW coal gasification power plant).

Duluth Metals recently reported on the completion of a NI-43-101
compliant independent Scoping Study by Scott Wilson Roscoe Postle
Associates. The Scoping Study confirmed robust economics and indicate
the potential for the Nokomis Project to be one of the world's low cost
copper-nickel producers operating on a large scale over a very long
period of time. The Nokomis Deposit currently contains 347 million
tonnes of Indicated Resources and 108 million tonnes of Inferred
Resources (NI-43-101 compliant resource estimate).

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 Metals is committed to acquiring, exploring and developing
copper, nickel and platinum group metal (PGM) deposits. Duluth Metals'
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.


About Cleveland-Cliffs

Cleveland-Cliffs Inc, headquartered in Cleveland, Ohio, is an
international mining company, the largest producer of iron ore pellets
in North America and a major supplier of metallurgical coal to the
global steelmaking industry. Cliffs operates six iron ore mines in
Michigan, Minnesota and Eastern Canada, and three coking coal mines in
West Virginia and Alabama. Cliffs also owns 80 percent of Portman
Limited, a large iron ore mining company in Australia, serving the
Asian iron ore markets with direct-shipping fines and lump ore. In
addition, Cliffs has a 30 percent interest in the Amap� Project, a
Brazilian iron ore project, and a 45 percent economic interest in the
Sonoma Project, an Australian coking and thermal coal project.

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 Metals'
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
Metals' 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 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.

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. U.S. corporate office: telephone
651-389-9990.

Web Page: www.duluthmetals.com

======================================================================
Copyright (c) 2008 DULUTH METALS LIMITED (DM) All rights reserved.
For more information visit our website at http://www.duluthmetals.com/
or send mailto:info@duluthmetals.com
======================================================================
.
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Duluth Metals Limited Inc.

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CODE : DM.TO
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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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Dans les médias de Duluth Metals Limited Inc.
05/07/2008Duluth Complex: A World-Class Value Play
Rapports annuels de Duluth Metals Limited Inc.
Annual Report 2007
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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