CFM Confederation Minerals Ltd

Confederation Minerals Ltd. (TSX VENTURE:CFM) (www.confederationmineralsltd.com)
is pleased to announce an increase of the non-flow through offering (the
"Offering") announced on December 10, 2010 from 5,357,142 units (the "Units") at
a price of $0.28 per Unit for gross proceeds of up to $1,500,000 up to 7,142,857
Units @$0.28 for gross proceeds of up to $2,000,000. As previously announced,
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 $0.45 per share for a period of one year
from the closing of the Offering.


The Company may pay a finder's fee on all or a portion of the Offering within
the maximum amount permitted by the TSX Venture Exchange.


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 Confederation Minerals Ltd. 

Lawrence A. Dick, Ph.D., P.Geo, President and CEO 

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.

Confederation Minerals (TSXV:CFM)
Historical Stock Chart
From Jan 2025 to Feb 2025

Confederation Minerals (TSXV:CFM)
Historical Stock Chart
From Feb 2024 to Feb 2025