KIT

Kitrinor Metals Inc. ("Kitrinor" or the "Company") (TSX VENTURE:KIT)

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES. 


This press release does not constitute an offer to sell securities.

Kitrinor Metals Inc. ("Kitrinor" or the "Company") (TSX VENTURE:KIT) is pleased
to announce that it has closed its previously announced initial public offering
(the "Offering") of units ("Units") and flow-through units ("FT Units") of the
Company. A total of 2,000,000 Units and 518,831 FT Units were sold under the
Offering for gross proceeds of $655,649.30. 


Each Unit is comprised of one common share in the capital of the Company (a
"Common Share") and one-half of one Common Share purchase warrant (each whole
Common Share purchase warrant, a "Warrant") at a price of $0.25 per Unit. Each
FT Unit is comprised of one Common Share to be issued on a "flow-through" basis
and one-half of one Warrant at a price of $0.30 per FT Unit. Each Warrant
entitles the holder thereof to purchase one Common Share at a price of $0.40 per
Common Share for a period of 24 months following the closing of the Offering.


PI Financial Corp. acted as agent (the "Agent") for the Offering. In
consideration for their services in connection with the Offering, the Agent
received a cash commission of 8% of the gross proceeds raised under the
Offering, a corporate finance fee of $20,000, 50,000 Units, and compensation
options ("Compensation Options") in an amount equal to 8% of the aggregate
number of Units and FT Units sold under the Offering. Each Compensation Option
will be exercisable to acquire one Common Share at a price of $0.25 per Common
Share for a period of 24 months following the closing of the Offering.


The Company's Common Shares were listed on the TSX Venture Exchange (the "TSXV")
at the close of the market on November 13, 2012 under the symbol "KIT" and
halted pending completion of the Offering. The Company expects its Common Shares
to resume trading under the symbol "KIT" upon confirmation of the closing of the
Offering with the TSXV. 


About Kitrinor 

Kitrinor is a junior mining exploration company engaged in the acquisition,
exploration and development of mineral resource properties in Canada. The
Company's activities are currently focused on the exploration and development of
the Feather River - Bayview Property located in St. Germain Township, Ontario.


Statements in this press release regarding the Company's business which are not
historical facts are "forward-looking statements" that involve risks and
uncertainties, such as estimates and statements that describe the Company's
future plans, objectives or goals, including words to the effect that the
Company or management expects a stated condition or result to occur. Since
forward-looking statements address future events and conditions, by their very
nature, they involve inherent risks and uncertainties. Actual results in each
case could differ materially from those currently anticipated in such
statements.


The securities offered have not been, and will not be, registered under the U.S.
Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state
securities laws, and may not be offered or sold in the United States or to, or
for the account or benefit of, United States persons absent registration or any
applicable exemption from the registration requirements of the U.S. Securities
Act and applicable U.S. state securities laws. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy securities in
the United States, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Kitrinor Metals Inc.
Patrick Mohan
President and CEO
(416) 366-9192
pmohan@kitrinormetals.com

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