Stock Option Plan and will have the required four (4) month hold period pursuant to the policies of the TSX Venture Exchange.

CONFEDERATION MINERALS LTD.

Unit C - 12343 104 Avenue, Surrey, BC, V3V 3H2 Phone: 604 580 9402 Fax: 604 588 2211

November 17, 2010 TSX Venture Symbol: CFM

Confederation Minerals Ltd. (the “Company”) announces that it has granted a stock option agreement to a director to purchase up to aggregate of 300,000 common shares of the Company, exercisable at the price of $0.25 per share for five years. The stock options will be granted in accordance with the Company’s Stock Option Plan and will have the required four (4) month hold period pursuant to the policies of the TSX Venture Exchange.

For further information, feel free to contact the Company at (604) 580 9402.

On behalf of the Board of Directors of CONFEDERATION MINERALS LTD.

Signed: “Peter Bryant”

Peter Bryant, CFO and Director

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. This release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.