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Clarification With Respect To Updated Mineral Resource Estimate Confirming Large Increases To Twin Metals Contained Metal, Grade And Indicated Tonnage

Stocks in this article: DM

TORONTO, December 6, 2012 /PRNewswire/ --

Duluth Metals Limited (" Duluth Metals") (TSX: DM) (TSX: DM.U) references its press release of December 4, 2012 on the consolidated mineral resources for the Twin Metals Minnesota Project deposit prepared by AMEC E&C Services Inc. The study reported that contained metals (using a 0.3% Cu cut-off) of 13.7 billion lbs copper, 4.4 billion lbs nickel, and 21.2 million ozs palladium+platinum+gold (TPM) in the Indicated category and 11.8 billion lbs copper, 4.0 billion lbs nickel, and 12.8 million ozs TPM in the Inferred category, representing an average 19% increase from the June 2012 interim AMEC Report.

Duluth Metals wishes to clarify the statement made with respect to the Inferred Mineral Resource of 1.26 billion tons on the Birch Lake, Maturi and Spruce Road deposits as representing "a 9% increase in Inferred Tons" from the June 2012 interim AMEC Report. While the Indicated Mineral Resource Tons did indeed increase by approximately 60%, the statement with respect to Inferred Tons should have read "an 8% decrease in Inferred Tons from the June 2012 interim report".

About Duluth Metals Limited

Duluth Metals is committed to acquiring, exploring and developing copper, nickel and platinum group metal (PGM) deposits. Duluth Metals has a joint venture with Antofagasta plc on the Twin Metals Project, located within the rapidly emerging Duluth Complex mining camp in north-eastern Minnesota. The Duluth Complex hosts one of the world's largest undeveloped repositories of copper, nickel and PGMs, including the world's third largest accumulation of nickel sulphides, and one of the world's largest accumulations of polymetallic copper and platinum group metals. Aside from the joint venture, Duluth Metals retains a 100% position on approximately 40,000 acres of mineral interests on exploration properties adjacent to and nearby the Twin Metals Minnesota LLC joint venture.

About Twin Metals Minnesota LLC

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