Duluth Metals Annual and Special Meeting to be Held at the Toronto Board of Trade
By Duluth Metals Limited, PRNEMonday, June 7, 2010
TORONTO, June 8, 2010 - Duluth Metals Limited ("Duluth Metals") (TSX: DM) (TSX:DM.U) is pleased
to announce that the Duluth Metals Annual and Special Meeting of Shareholders
will be held at the Toronto Board of Trade, 1 First Canadian Place, Toronto
on Tuesday June 15, 2010 at 10:00am EST. An archived copy of the
presentation will also be available on the Company website at
www.duluthmetals.com after the meeting.
The meeting will include an update presentation on the Nokomis Project
in northeast Minnesota, USA. In January 2010, the Company announced it had
signed a binding heads of agreement with Antofagasta plc on a joint venture
development of the Nokomis Project. The joint venture provides the
execution and financing capabilities required to aggressively advance this
promising copper-nickel-platinum-palladium-gold development project to
production. Currently Duluth Metals is continuing to work on completing the
definitive shareholders agreement with Antofagasta plc which is expected to
be signed by the end of June. The Company is continuing to advance their
primary asset, the combined base and precious metal Nokomis Deposit, which
contains 550 million tonnes of Indicated Resources grading 0.639% copper,
0.200% nickel, 0.660 grams per tonne TPM (TPM = Pt + Pd + Au) for a copper
equivalent (CuEq) grade of 1.51%, plus an additional 274 million tonnes of
Inferred Resources grading 0.632% copper, 0.207% nickel, 0.685 grams per
tonne TPM for a CuEq grade of 1.53%.
David Oliver, P. Geo. and Duluth Project Manager is the Qualified
Person, in accordance with NI 43-101 of the Canadian Securities
Administrators, and is responsible for the technical content of this press
release and quality assurance of the exploration data and analytical results.
About Duluth Metals
Duluth is committed to acquiring, exploring and developing copper,
nickel and platinum group metal (PGM) deposits. Duluth's principal property
is the Nokomis Deposit located within the rapidly emerging Duluth Complex
mining camp in northeastern Minnesota. On January 14, 2010, Duluth
announced the signing of a binding heads of agreement with Antofagasta plc
on a joint venture development of the Nokomis Deposit. 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.
This document may contain forward-looking statements (including
"forward-looking statements" within the meaning of the US Private
Securities Litigation Reform Act of 1995) relating to Duluth's operations
or to the environment in which it operates. Such statements are based on
operations, estimates, forecasts and projections. They are not guarantees
of future performance and involve risks and uncertainties that are
difficult to predict and may be beyond Duluth's control. A number of
important factors could cause actual outcomes and results to differ
materially from those expressed in forward-looking statements, including
those set forth in other public filings. In addition, such statements
relate to the date on which they are made. Consequently, undue reliance
should not be placed on such forward-looking statements. Duluth disclaims
any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise, save and except as may be required by applicable securities laws.
For further information: Mara Strazdins, Director of Corporate
Communications, at mstrazdins@duluthmetals.com or at +1-416-369-1500; or
Henry Sandri, President and CEO, at hsandri@duluthmetals.com. Minnesota
corporate office: telephone +1-651-389-9990. Web Page:
www.duluthmetals.com
For further information: Mara Strazdins, Director of Corporate Communications, at mstrazdins at duluthmetals.com or at +1-416-369-1500; or Henry Sandri, President and CEO, at hsandri at duluthmetals.com. Minnesota corporate office: telephone +1-651-389-9990
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