April 2008

Duluth Metals acquires surface rights on 480 acres in Minnesota

Duluth Metals Limited announced that Duluth Metals Corp., through its wholly owned subsidiary, Sky Blue Waters Land Company, has purchased the surface rights of approximately 480 acres of its Maturi Extension Properties. This acquisition is significant as Duluth Metals proceeds on the development and planning phase of the Nokomis Deposit near Ely, Minnesota.

The estimated 480 acres are associated with and overlay mineral rights held by Duluth Metals on its Maturi Extension Properties, and include parts of the Nokomis Deposit. The Nokomis Deposit contains 347 million tons of indicated resources grading 0.62% copper, 0.20% nickel, 0.52 grams per ton of total precious metals (TPM) which consists of platinum, palladium and gold, and an additional 108 million tons of inferred resources grading 0.64% copper, 0.18% nickel, 0.70 grams per ton of TPM.