Duluth Metals Receives Additional Higher Grade Assays on the Nokomis Base and Precious Metal Deposit

TORONTO, Canada - Duluth Metals Limited (”Duluth Metals”) (TSX: DM) (TSX:DM.U) today
announced significant new assays for 2 holes drilled in the northwest part
of the Nokomis Deposit in Minnesota. Of particular interest, Hole MEX-153,
has intersected 5.0 feet of 3.280% copper, 0.542% nickel, 23.6 g/t silver
and 4.178 grams per tonne (g/t) Total Precious Metals (TPM (equal sign)
Platinum+Palladium+Gold) (Cu Equivalent(x) of 7.05%) within a 140.0 foot
section of 0.669% copper, 0.188% nickel, and 0.615 g/t TPM (Cu Equivalent(x)
of 1.50%). In addition, Hole MEX-154, intersected 15.0 feet of 1.020% copper,
0.289% nickel, 3.8 g/t silver and 0.790 g/t TPM (Cu Equivalent(x) of 2.20%)
within a 310.0 foot section of 0.609% copper, 0.179% nickel, and 0.443 g/t
TPM (Cu Equivalent(x) of 1.33%).

The Nokomis Deposit has a combined base and precious metal resource with
significantly higher grade copper, nickel, platinum, palladium, gold and
silver zones in portions of the deposit. One of the main objectives of the
Company is to quantify these higher grade zones and appraise the potentially
positive impact on future mining scenarios.

As noted in our press release dated October 27, 2008, there are 21 drill
holes in our Eastern High Grade Area that had Total Precious Metals (gold-
platinum-palladium(equal sign)TPM) ranging from 0.867 to 3.795 g/t TPM on
certain intersections, and copper equivalents(x) ranging from 1.551% to
7.062% copper on many intersections. Mineralized sections range from
approximately 30 to 250 feet which include higher grade intervals. The
Eastern High Grade Area currently extends over approximately 0.40 square
miles (1.035 sq. kilometres) and yields significant above-average grades of
mineralization than the global property mineralized resource.

The results from MEX-153 and MEX-154 reported above are from the
northwestern aspect of the Nokomis Deposit, and present as another emerging
area of higher TPM grades. The northwestern area is dominated by thicker
mineralized intersections, and these higher grade TPM zones lie within this
thick mineralized package.

Duluth Metals is presently completing the last two holes in the current
2008-2009 winter drilling program. After completion of the program, Duluth
Metals intends to commission a full new NI 43-101 resource estimate report to
incorporate the 48 holes that have been press released but not included in
the most recent NI 43-101 resource estimate report, dated July 21, 2008, and
the two new holes being drilled. The new report will utilize all 156 drill
holes, plus 63 wedges, and will also focus on identifying and defining
contiguous, large tonnage - high grade zones that will be important in the
evaluation of future mining scenarios.

Duluth Metals has a cash position of approximately Cdn.$11 Million in
the treasury (as of December 31, 2008) and is proceeding to advance the
Nokomis Deposit, while preserving the Company’s cash position. The Company is
continuing to focus on the long term development of the combined base and
precious metal Nokomis Deposit, including geological analysis, mine planning,
metallurgical studies, infrastructure analysis, project optimization, and
environmental baseline studies required for future permitting. A more
detailed summary of the assay results for holes MEX-153 and 154 can be found
in the table below. True width is estimated at about 90% of core length.

FROM TO LENGTH COPPER NICKEL TPM(x)
HOLE ZONE (feet) (feet) (feet) (%) (%) (g/t)

MEX-153 (at)0.3% Cu cut-off 1797 1937 140 0.669 0.188 0.615
(at)0.5% Cu cut-off 1817 1917 100 0.751 0.206 0.716
including 1897 1902 5 3.280 0.542 4.178
(at)0.3% Cu cut-off 1972 2037 65 0.463 0.151 0.296
(at)0.5% Cu cut-off 1977 1997 20 0.633 0.198 0.428

MEX-154 (at)0.3% Cu cut-off 1627 1937 310 0.609 0.179 0.443
(at)0.5% Cu cut-off 1627 1797 170 0.690 0.196 0.490
including 1667 1682 15 1.020 0.289 0.790
(at)0.5% Cu cut-off 1882 1937 55 0.582 0.166 0.460

Complete gold, platinum, and palladium assays for MEX-153 and 154 are as
follows:

FROM TO LENGTH GOLD PLATINUM PALLADIUM
HOLE ZONE (feet)(feet) (feet) (g/t) (g/t) (g/t)

MEX-153 (at)0.3% Cu cut-off 1797 1937 140 0.078 0.197 0.339
(at)0.5% Cu cut-off 1817 1917 100 0.090 0.240 0.386
including 1897 1902 5 0.363 2.110 1.705
(at)0.3% Cu cut-off 1972 2037 65 0.036 0.077 0.183
(at)0.5% Cu cut-off 1977 1997 20 0.050 0.122 0.256

MEX-154 (at)0.3% Cu cut-off 1627 1937 310 0.065 0.117 0.260
(at)0.5% Cu cut-off 1627 1797 170 0.073 0.129 0.287
including 1667 1682 15 0.156 0.188 0.446
(at)0.5% Cu cut-off 1882 1937 55 0.072 0.120 0.268

“With the completion of the winter drilling program, we have entered a
new phase of analysis and development for Nokomis - the transition from the
discovery of an exceptional, world class deposit into a viable base and
precious metal production opportunity,” stated Dr. Henry J. Sandri, President
and CEO of Duluth Metals. “As shown in our January 12, 2009, Nokomis Deposit
Preliminary Assessment (Scoping Study), which uses the current lower metal
prices, Nokomis projects positive economic returns (16.2% IRR) and has the
potential to be combined low cost mining operation and a diversified
commodity play.”

A “MEX-153 and 154 Drill Hole Location Map” highlighting these holes as
well as other holes discussed in this release can be found on our Company
website at www.duluthmetals.com.

For the
2008/2009 drill program, half core samples have been prepared at ALS Chemex
Ltd. laboratories in Thunder Bay and then shipped to its analytical
facilities in Vancouver. Samples are being analyzed for Au, Pt, and Pd using
a standard fire assay with an ICP finish and for 27 other elements using a
four acid (near total) digestion and a combination of ICPMS and ICPAES. ICP
over limits were re-analyzed using sodium peroxide fusion, acid dissolution
followed by ICPAES. The remaining half core samples are being stored in
Minnesota.

(x)Note - Copper Equivalent is based on US metal prices of: Copper -
$1.75/lb, Nickel - $7.00/lb, Cobalt - $10.00/lb, Gold - $600/oz, Platinum
- $1,100/oz, Palladium - $350/oz and Silver - $8.50/oz, and the methodology
with metallurgical recoveries, refining costs and other charges being
considered for all metals in accordance with the Net Smelter Return
Factors contained in the January 22, 2008, NI 43-101 Scoping Study
produced by Scott Wilson RPA.

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.

In addition, the Company wishes to report the resignation of Mr. Mark
Cowan from the Board of Directors but is pleased to announce that Mr. Cowan
wants to maintain and continue his association with Duluth Metals and has
agreed to serve as a member of the Advisory Board.

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. 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
mstrazdins@duluthmetals.com
+1-416-369-1500 or Henry Sandri

President and CEO
hsandri@duluthmetals.com
Minnesota corporate office
telephone: +1-651-389-9990

Web Page: www.duluthmetals.com

Source: Duluth Metals Limited

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