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.

Contacts: Confederation Minerals Ltd. Lawrence A. Dick, Ph.D., P.Geo President and CEO 604 580 9402 604 588 2211 (FAX) www.confederationmineralsltd.com