NEX TRADING SYMBOL – CTX.H Special Meeting and Proposed Share Consolidation NR# 02-12

CATALINA METALS CORP.

615 - 800 West Pender St., Vancouver, B.C. V6C 2V6 TELEPHONE: (604) 681-6766 FACSIMILE: (604) 684-0279 NEX TRADING SYMBOL – CTX.H

NEWS RELEASE

Special Meeting and Proposed Share Consolidation

NR# 02-12

Vancouver March 1, 2012 – Catalina Metals Corp. (NEX: CTX.H) (the “Company”) wishes to announce that it has called a Special Meeting of Shareholders to be held on Thursday, March 29, 2012 at which time the Company will be seeking shareholder approval of a proposed consolidation of the issued share capital of the Company on a minimum three (3) to one (1) and maximum five (5) to one (1) basis. The Company will also seek shareholder approval to change the name of the Company to True Grit Resources Ltd. In addition to approval from the Company’s shareholders, the share consolidation and name change will also be subject to the acceptance of the TSX Venture Exchange.

Further details are contained in the Company’s Information Circular dated February 20, 2012, a copy of which will be available electronically at www.sedar.com.

On behalf of the Board,

CATALINA METALS CORP.

Allan W. Williams President and CEO

"Neither 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."