Confederation Minerals Ltd. Announces $4,569,800 Raised from Warrant Exercises

Suite 1980, 1075 West Georgia Street, Vancouver, British Columbia, V6E 3C9 Tel: 604 688 9588; Fax: 778 329 9361

NEWS RELEASE

January 18, 2012 TSX-V Symbol: CFM

CONFEDERATION MINERALS LTD. ANNOUNCES $4,569,800 RAISED FROM WARRANT EXERCISES

CONFEDERATION MINERALS LTD. (TSX VENTURE: CFM.V) (www.confederationmineralsltd.com) announces that of the 10,784,569 warrants issued through a private placement on January 17, 2011 (see news release of January 19, 2011), 10,155,111 have been exercised for total consideration of $4,569,799.95. The remaining 629,458 outstanding warrants issued through the January 17, 2011 private placement expired at 5pm PST on January 17, 2012.

About Confederation Minerals Ltd.

Confederation Minerals Ltd. is a British Columbia based company engaged in the business of acquisition, exploration and development of mineral properties. Its objective is to locate and develop economic precious and base metals properties of merit. Confederation Minerals Ltd. holds an option agreement to acquire up to 70% of the Newman Todd project in the Red Lake Mining District of Northern Ontario as well as 100% ownership in two other properties in the Red Lake Mining District of Ontario.

On Behalf of the Board,

Confederation Minerals Ltd.

“Lawrence Dick”

Lawrence A.Dick, Ph.D., P.Geo

President, CEO, and Director

CORPORATE INQUIRIES Confederation Minerals Ltd.

Suite 1980, 1075 West Georgia Street Vancouver, B.C.

Lawrence Dick, President 604.688.9588 [email protected] www.confederationmineralsltd.com