Confederation Minerals Announces Non-Brokered Private Placement

CONFEDERATION MINERALS LTD.

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

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Confederation Minerals Announces Non-Brokered Private Placement

Vancouver, B.C. – April 23, 2015 – Confederation Minerals Ltd. (TSX.V:CFM) (the “Company”) is pleased to announce a non-brokered private placement of up to 7,000,000 units (the “Units”) at a price of $0.05 per Unit, for gross proceeds of up to $350,000 (the “Offering”). Each Unit will consist of one common share (a “Warrant Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Warrant Share at a price of $0.05 per Warrant Share for a period of one year from the closing of the Offering.

Proceeds from the Offering will be used for general working capital.

The Offering remains subject to the acceptance of the TSX Venture Exchange.

About CFM

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. owns 70% of the Newman Todd project in the Red Lake Mining District of Northern Ontario, as well as 100% ownership in another property in the Red Lake Mining District of Ontario.

On Behalf of the Board of Directors,

Confederation Minerals Ltd.

“Lawrence Dick”

Lawrence A. Dick, Ph.D., P.Geo President, CEO & Director

CORPORATE INQUIRIES Confederation Minerals Ltd.

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

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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Forward‐Looking Information

This release includes certain statements that may be deemed "forward‐looking statements". All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward‐looking statements. Forward‐looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward‐looking statements. Factors that could cause the actual results to differ materially from those in forward‐looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward‐looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward‐looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.