Duluth Metals Limited And Franconia Minerals Corporation

TORONTO, March 7, 2011 - Duluth Metals Limited ("Duluth") (TSX: DM) (TSX: DM.U) and Franconia Minerals Corporation ("Franconia") (TSX: FRA) are pleased to announce that the Court of Queen's Bench of Alberta has issued a final order approving the previously announced plan of arrangement (the "Arrangement") involving Duluth and Franconia.

TORONTO, March 7, 2011 - - Consolidates One of the World's Largest Copper-Nickel-Precious Metals Deposits - A Strategic Mega-resource for the United States in the Context of a Politically Safe Jurisdiction - Moves the Planning Within Twin Metals Minnesota LLC Towards Larger Scale Development and Optimization - Increases Potential Job Creation and Economic Impact for the State of Minnesota - Demonstrates Strength of the Strategic Partnership With Antofagasta plc Duluth Metals Limited ("Duluth") (TSX: DM) (TSX: DM.U) and Franconia Minerals Corporation ("Franconia") (TSX: FRA) are pleased to announce the successful completion of their previously announced plan of arrangement (the "Arrangement").