2011 News Releases

Confederation Minerals Ltd. Intersects Additional High-Grade Gold At Newman Todd

  • 2.0 METERS GRADING 25.55 G/T GOLD INCLUDING 0.50 M GRADING 75.8 G/T GOLD
  • WIDE STEP-OUT DRILLING (OVER 1 KM NORTH) IDENTIFIES NEW GOLD ZONE WITH UP TO 11 G/T OVER 1.0 M

Vancouver, B.C.; April 5, 2011; Confederation Minerals Ltd. (TSX-V: CFM) and joint venture partnerRedstar Gold Corp. (TSX-V:RGC) are pleased to report additional drill results from their on-goingdiamond drill program at the Newman Todd property in the Red Lake Gold District, in northern Ontario.Confederation Minerals Ltd., who is funding the exploration, can earn a 70 percent interest in theproject by funding $5.0 Million in exploration within three years, and producing a Preliminary EconomicAssessment (PEA) within six years.

The drill program continues to expand the known sectors of gold mineralization and has identified yetan additional gold-bearing zone, located over 1.0 kilometers north of the current drilling. Currently, goldmineralization has been intersected by drilling over the entire length of the gold-bearing zone of quartzcarbonatealteration known as the Newman Todd Structure (NTS), which spans the entire property for astrike length of approximately 2.8 kilometers, and has been only sparsely drilled along its strike length.An intersection of 2.0 meters grading 25.55 g/t gold, including a higher-grade interval of 0.50 metersgrading 75.8 g/t gold, expands on high-grade results from two additional holes NT 056 and NT 057previously reported on (see press release dated March 14, 2011) which were concentrated within a zoneoccurring within the southern part of the property, and intersected multiple gold-bearing zones withresults such as: 3.0 meters grading 42.84 g/t gold including 1.0 meters grading 122.0 g/t gold. Thecurrently reported results are from NT058 and NT059 which were drilled on a 25 meter step-out fromthe 056-057 section, in an area called the “Heath Bull” Zone to test for lateral and vertical continuitywith earlier, historic results.

Drill holes NT060 and NT061 were drilled over 1.0 kilometers to the NE of the NT056-059 drilling, to testan area of continuing quartz-carbonate alteration, approximately 200 meters NE of an additional zone ofhigh-grade gold intercepts from historical drilling, called the “NE Breccia Zone”. In these step out holes,multiple zones of anomalous gold mineralization were intersected, including 1.0 meters grading 11.65g/t gold and 1.0 meters grading 7.33 g/t gold.

The only criteria for citing these holes were to obtain data near the NE boundary of the claim group, andthe through-going presence of the strong quartz-carbonate alteration which traverses the entireproperty. These results clearly indicate the gold-bearing nature of the NTS structure along the entirelength of the Newman Todd property.

Most highly anomalous drill results from the final four holes of the winter program (NT58-NT61) aretabulated below:

Hole
 
From (m)
To (m)
Width (m)
Au (g/t)
Area
NT58
 
182
184.50
2.50
2.46
Heath Bull
NT58
Including
183
184.00
1.00
4.61
Heath Bull
NT58
 
283
286.50
3.50
15.48
Heath Bull
NT58
or
283.5
286.50
3.00
17.94
Heath Bull
NT58
including
284.0
286.00
2.00
25.55
Heath Bull
NT58
and including
284
284.50
0.50
75.80
Heath Bull
NT58
and including
285.5
286.00
0.50
23.30
Heath Bull
NT59
 
68.00
70.00
2.00
3.6
Heath Bull
NT59
including
68.00
69.00
1.00
5.84
Heath Bull
NT60
  
 
102.00
103.00
1.00
5.21
Step Out
NT60
and
174
175.00
1.00
4.83
Step Out
NT60
and
250
251.00
1.00
11.65
Step Out
NT61
 
53
54.00
1.00
3.17
Step Out
NT61
and
67
68.00
1.00
7.12
Step Out
NT61
and
237
238.00
1.00
3.56
Step Out
NT61
and
301
302.00
1.00
7.33
Step Out
NT61
and
307
308.00
1.00
3.61
Step Out
NT61
and
309
309.50
0.50
5.29
Step Out
NT61
and
406
407.00
1.00
3.48
Step Out
NT61
including
406.5
407.00
0.50
5.83
Step Out

(Widths reported in the table above represent core length. Assays are uncut; intervals do not exceedmore than 3.0 meters of core length nor contain less than 0.50 g/t within the averaged intervals).For updated cross sections and plan maps showing the location of drill holes, both current and historic,along with the distribution of grades, please refer to Confederation Minerals Ltd. web site atwww.confederationmineralsltd.com.

Lawrence Dick, Ph.D., P.Geo., President and Director of Confederation Minerals Ltd. states: “The resultsof our winter, 2011 drilling program, which has built on the historical drilling success of Redstar GoldCorp., has far succeeded our expectations. The results of our first six holes, reported in this, and ourprevious news release, has returned some of the highest grade gold results from exploration drilling onthe project. Besides returning amongst the highest grade gold results from the Heath Bull “Zone”,results continue to indicate that the entire NTS is gold-bearing. Each of the additional gold-bearing“Zones” drilled along the structure demonstrate the potential to host steeply-dipping, high-grade goldzones at shallow depths, and remain wide open both to depth and along strike.

Interpretation of results from the four holes completed this season on the Heath Bull “Zone”, combinedwith historical drill results in the same area, show the emergence of continuity along strike, down dip,and the tendency to be open in all directions. These data have allowed for sufficient data to begin theinterpretation of structural continuity, something difficult to interpret with the fewer data pointsavailable to the project prior to the current drilling.

Results from wide, step out drilling reported on in this release add further evidence that the entire zoneof alteration, of which in excess of 2.5 kilometers is contained within the Newman Todd property, hasthe potential for hosting high-grade gold mineralization. Historic and present drilling on the propertynow totals 30 holes, all of which have intersected gold mineralization along the NTZ. The four goldbearing“zones” defined by this drilling are all open to depth and along strike. Thus, results to date havesignificantly enhanced the potential of the project.”

Bob Singh, P.Geo., is the Qualified Person as defined by National instrument 43-101 and has reviewedthis news release. Mr. Singh is the Canadian Exploration Manager for Redstar Gold Corp. Core samplesfrom the program were cut in half using a diamond cutting saw and were sent to ALS Laboratory Group,an accredited mineral analysis laboratory in Thunder Bay, Ontario, for preparation and analysis utilizingfire assay methods. Certified gold reference standards, blanks, and field duplicates were routinelyinserted into the sample stream as part of the Company’s quality control-quality assurance program.


About Confederation Minerals Ltd.
Confederation Minerals Ltd. is a British Columbia based company engaged in the business of acquisition,exploration and development of mineral properties. Its objective is to locate and develop economicprecious and base metals properties of merit. Confederation Minerals Ltd. holds an option agreement toacquire up to 70% of the Newman Todd project in the Red Lake Mining District of Northern Ontario aswell as 100% ownership in two other properties in the Red Lake Mining District of Ontario.


On Behalf of the Board,
Confederation Minerals Ltd.
“Lawrence Dick”
Lawrence A.Dick, Ph.D., P.Geo
President, CEO, and Director

CORPORATE INQUIRIES
Confederation Minerals Ltd.
Suite 1980, 1075 West Georgia Street
Vancouver, B.C.
Lawrence Dick, President
604.688.9588
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www.confederationmineralsltd.com

Forward-Looking Information
This release includes certain statements that may be deemed "forward-looking statements". All statements in thisrelease, other than statements of historical facts, that address events or developments that the Company expectsto occur, are forward-looking statements. Forward-looking statements are statements that are not historical factsand are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends","estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may","could" or "should" occur. Although the Company believes the expectations expressed in such forward-lookingstatements are based on reasonable assumptions, such statements are not guarantees of future performance andactual results may differ materially from those in the forward-looking statements. Factors that could cause theactual results to differ materially from those in forward-looking statements include market prices, exploitation andexploration successes, and continued availability of capital and financing, and general economic, market orbusiness conditions. Investors are cautioned that any such statements are not guarantees of future performanceand actual results or developments may differ materially from those projected in the forward-looking statements.Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management onthe date the statements are made. Except as required by applicable securities laws, the Company undertakes noobligation to update these forward-looking statements in the event that management's beliefs, estimates oropinions, or other factors, should change.