CFM Confederation Minerals Ltd

Confederation Minerals Ltd. (TSX VENTURE:CFM) is pleased to announce that the
TSX Venture Exchange has accepted for filing final documentation with respect to
the final tranche of its previously announced non-brokered private placement.
The final tranche of the financing consists of 9,643,257 units (the "Units") at
a price of $0.28 per Unit for gross proceeds of $2,700,120. Each Unit consists
of one common share and one share purchase warrant entitling the holder to
acquire an additional common share of the Company at any time on or before
January 17, 2012 for a price of $0.45. The securities have been issued with a
hold period expiring May 18, 2011. The proceeds of the financing will be used
for exploration activities.


Finder's fees were paid in respect of 8,888,257 of the Units, which consisted of
$76,067.84 in cash, 439,392 shares and 1,141,312 warrants. Each warrant entitles
the holder to acquire an additional common share of the Company at any time on
or before January 17, 2012 for a price of $0.45.


Confederation Minerals is an active junior exploration company with a focus on
Potassium and Gold exploration targets.


ON BEHALF OF THE BOARD OF DIRECTORS

Lawrence Dick, President

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.

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