CONFEDERATION MINERALS LTD. GRANTS STOCK OPTIONS Vancouver, B.C.; Confederation Minerals Ltd. (“Confederation” or the “Company”)

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

PRESS RELEASE

January 30, 2012 TSX-V Symbol: CFM

CONFEDERATION MINERALS LTD. GRANTS STOCK OPTIONS

Vancouver, B.C.; Confederation Minerals Ltd. (“Confederation” or the “Company”) (TSX-V: CFM) reports that it has granted incentive stock options, exercisable to purchase up to an aggregate of 2,000,000 shares of the Company, to directors and consultants of the Company. The options are all exercisable at the price of $0.57 per share until January 30, 2017, subject to any earlier termination in accordance with their terms.

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