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Confederation Minerals Ltd. Announces Private Placement

Financings

CONFEDERATION MINERALS LTD.

Suite 1980, 1075 West Georgia Street,

Vancouver, British Columbia, V6E 3C9

Tel: 604 688 9588; Fax: 778 329 9361

February 9, 2018 TSX-V Symbol: CFM

Confederation Minerals Ltd. Announces Private Placement

Vancouver, British Columbia, Canada, Confederation Minerals Ltd. (TSX-V: CFM)

(“Confederation” or the “ Company”) is pleased to announce a non-brokered private placement of

2,083,333 (the “Units”) at a price of $0.36 per Unit for gross proceeds of up to $750,000. Each Unit

will consist of one common share and one share purchase warrant and each warrant will entitle the

holder to purchase one further common share in the capital of the Company at a price of $0.55 per share

for a period of two years from the closing of the Offering.

The Company may pay a finder’s fee on all or a portion of the Offering.

Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate

and regulatory approvals, in particular approval of the TSX Venture Exchange. All securities issued in

connection with the Offering will be subject to a statutory hold period of four months plus a day from

the date of issuance in accordance with applicable securities legislation.

The proceeds from the Offering will be used to fund exploration programs on the Company's Newman

Todd gold prospect in the Red Lake gold camp and for general working capital and corporate purposes.

On behalf of the Board of Directors,

Confederation Minerals Ltd.

“David Velisek”

David Velisek

Director

CORPORATE INQUIRIES

Confederation Minerals Ltd.

Suite 1980, 1075 West Georgia Street

Vancouver, B.C.

604.688.9588

[email protected]

www.confederationmineralsltd.com

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.

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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.