2011 News Releases

Confederation Minerals Ltd.: Newman Todd Update

Confederation Minerals Ltd. (TSXV: CFM) is pleased to report a summary of their on‐going, 2011 diamond drill program at their Newman Todd property in the Red Lake Gold District, northern Ontario.

The drill program has been highly successful and continues to expand the known sectors of gold mineralization across the property and identify new mineralized areas/zones through step‐out drilling in previously untested areas. Current and historic drilling at Newman Todd now totals 69 holes, 40 of these completed tested the zone and all of them have intersected gold mineralization, with results indicating the gold‐bearing nature of the Newman Todd Structure (NTS) along the entire length of the property.

Confederation Minerals completed an initial phase of drilling in winter 2010‐2011, consisting of 6 holes totaling 2,166 m and was terminated due to inclement weather conditions. Drilling was subsequently recommenced in a second phase in May 2011 and is currently continuing, with an aggressive program of +12,000 m underway utilizing two diamond drill rigs.

Phase 1 Drilling – Winter 2010 2011

Four of the six holes drilled in early 2011 were collared in the the SW sector of the NTS, within a previously‐drilled gold‐bearing zone referred to as the Heath Bull Zone. These holes tested below and within known high‐grade mineralization (NT‐056 and NT‐057), as well as a 25 m step‐out northeast of previous drilling (NT‐058 and NT‐059), and demonstrated on‐strike and depth extensions of previous, highly anomalous results.

Drill hole NT‐056 intersected three high‐grade, gold‐mineralized zones, as well as additional zones of lower grade, yet highly‐significant mineralization. Key intersections include 7.0 m grading 18.87 g/t gold; 3.0 m grading 42.84 g/t gold; 1.0 m grading 122.0 g/t gold; 3.0 m grading 22.49 g/t gold; 1.0 m grading 63.60 g/t gold; 8.6 m grading 5.03 g/t gold; 1.10 m grading 32.60 g/t gold and 0.5 m grading 62.90 g/t gold.

Drill hole NT‐057 was drilled much shallower, and from the same drill platform as the first hole. Three anomalous intervals, each of 1.0 meter length, returned 9.27, 4.03, and 3.77 g/t gold between 155.0 and 195.0 m core lengths.

Drill holes NT‐058 and NT‐059 were drilled on a 25 meter step‐out from the NT056‐NT057 section, with highlights including an intersection of 2.0 meters grading 25.55 g/t gold, including a higher‐grade interval of 0.50 meters grading 75.8 g/t gold.

Drill holes NT‐060 and NT‐061 were drilled over 1.0 kilometers to the northeast of the NT‐056 to NT059 drilling, to test an area of continuing quartz‐carbonate alteration, approximately 200 meters NE of an additional zone of high‐grade gold intercepts from historical drilling, called the “NE Breccia Zone”. In these wide step‐out holes, multiple zones of anomalous gold mineralization were intersected, including 1.0 meters grading 11.65 g/t gold and 1.0 meters grading 7.33 g/t gold.

Results from this initial phase of drilling clearly indicated the gold‐bearing nature of the NTS structure along the entire length of the Newman Todd property.

Phase 2 Drilling – Summer, 2011 (ongoing) A second phase, aggressive drilling program is now underway to further delineate the mineralization throughout the NTS and to add to the highly‐successful results obtained from the first six holes drilled in early 2011. Approximately 12,000 meters utilizing two diamond drill rigs are planned in this current phase, which may be expanded depending on results.

Since May, eight holes have been completed for a total of 3,375 m. Assays have so far been reported on two drill holes (NT‐062 and NT‐063) which have successfully identified similar, high‐grade gold intersections of Red Lake‐style gold mineralization to the earlier drilling. These two holes are wide stepouts from earlier drilling phases, located approximately 170 meters northeast of the Hinge Zone and 120 meters southwest of the NE Breccia Zone, in an area between these two gold‐bearing zones previously untested by drilling. Both holes were drilled from the same collar location but at different angles, with NT‐063 the steeper hole of the two, oriented to intersect the anticipated gold‐bearing structures at a deeper level.

Results as high as 18.25 g/t gold over a 5.0 meter core interval (which includes a 2.7 meter interval grading 32.43 g/t gold and an extremely high‐grade 0.7 meter interval of 103.0 g/t gold) were intersected in the shallower of the two holes, NT‐062. As is the case with many other high‐grade gold intersections at Newman Todd, this intersection was returned from a down hole interval of just 170 to 175 meters, which reconfirms that gold mineralization at Newman Todd is being discovered at relatively shallow depths below surface.

In addition to the assay results reported above, many very highly‐anomalous intersections were reported from both holes, with examples including: 5.32 g/t gold over 19.0 m (hole NT‐062); 8.86 g/t gold over 1.0 m (hole NT‐062); 27.30 g/t gold over 0.5 m (hole NT‐063); and 8.11 g/t gold over 0.5 m (hole NT‐063). In these two holes, 24 separate intervals assayed between approximately 2.0 and 8.0 g/t gold. The overall anomalous nature of hole NT‐062 can be further illustrated by the fact that a 63.0 meter long interval averaged 1.65 g/t gold. These lower‐grade intersections may indicate the presence of nearby, higher‐grade zones of gold mineralization.

The high grade, 103 g/t gold assay reported above is the highest‐grade gold intersection returned from drilling outside of what has been referred to as the Heath Bull Zone, along the same structural‐alteration zone, approximately 600 meters to the SW.

Table of Significant Assay Results from Newman Todd Holes

Hole
Zone
From (m)
To (m)
Width (m)
Gold (g/t)
NT-031
HB
124.50
136.00
11.50
1.94
NT-031
HB
incl.
127.00
128.00
1.00
8.73
NT-031
HB
209.50
228.00
18.50
4.62
NT-031
HB
incl.
225.00
228.00
3.00
24.89
NT-031
HB
incl.
226.00
227.00
1.00
69.02
NT-035
NE Bx
6.00
7.00
1.00
9.28
NT-036
NE Bx
13.00
14.00
1.00
6.67
NT-036
NE Bx
and
231.00
256.43
25.43
1.46
NT-036
NE Bx
incl.
231.00
233.00
2.00
12.08
NT-036
NE Bx
incl.
232.00
233.00
1.00
16.35
NT-037
HB
46.00
59.00
13.00
1.12
NT-037
HB
and
175.00
175.70
0.70
5.27
NT-038
HB
244.00
249.00
5.00
2.44
NT-038
HB
and
248.00
249.00
1.00
6.20
NT-039
NE Bx
158.00
160.00
2.00
7.60
NT-039
NE Bx
incl.
158.00
159.00
1.00
14.00
NT-039
NE Bx
and
217.00
218.00
1.00
7.34
NT-040
HB
131.00
144.00
13.00
2.15
NT-040
HB
incl.
139.00
140.00
1.00
14.30
NT-040
HB
197.00
264.00
67.00
1.76
NT-040
HB
incl.
219.00
221.00
2.00
9.88
NT-040
HB
incl.
220.00
221.00
1.00
15.00
NT-040
HB
and
258.00
263.00
5.00
14.23
NT-040
HB
incl.
258.00
259.00
1.00
61.20
NT-042
Hinge
249.00
294.00
45.00
1.50
NT-042
Hinge
incl.
250.00
251.00
1.00
25.70
NT-043
NE Bx
88.00
97.00
9.00
2.96
NT-043
NE Bx
incl.
91.00
93.00
2.00
6.24
NT-046
Hinge
160.50
191.00
30.50
1.85
NT-046
Hinge
incl.
169.00
174.00
5.00
7.78
NT-046
Hinge
incl.
171.00
174.00
3.00
10.87
NT-046
Hinge
incl.
173.00
174.00
1.00
23.50
NT-046
Hinge
233.70
234.90
1.20
4.31
NT-046
Hinge
incl.
234.60
234.90
0.30
15.70
NT-047
HB
359.00
363.00
4.00
4.42
NT-047
HB
incl.
360.70
362.00
1.30
12.84
NT-047
HB
incl.
360.70
361.35
0.65
24.86
NT-047
HB
incl.
361.00
361.35
0.35
45.30
NT-048
HB
167.00
190.50
23.50
2.01
NT-048
HB
incl.
167.00
180.00
13.00
3.41
NT-048
HB
and
167.00
168.50
1.50
26.80
NT-048
HB
240.00
242.00
2.00
6.75
NT-048
HB
incl.
240.00
241.00
1.00
12.05
NT-049
HB
289.00
289.70
0.70
3.52
NT-050
NE Bx
159.00
160.00
1.00
2.77
NT-050
NE Bx
and
250.00
251.00
1.00
3.90
Hole
Zone
From (m)
To (m)
Width (m)
Gold (g/t)
NT-050
NE Bx
and
268.00
270.00
2.00
3.06
NT-051
HB
298.00
299.00
1.00
4.46
NT-051
HB
and
356.00
357.00
1.00
2.91
NT-052
NE Bx
346.00
346.60
0.60
4.55
NT-053
Hinge
124.00
125.00
1.00
3.61
NT-053
Hinge
and
264.00
276.00
12.00
1.04
NT-053
Hinge
incl.
268.00
270.00
2.00
3.36
NT-053
Hinge
and
298.00
311.00
13.00
1
NT-053
Hinge
incl.
301.00
306.00
5.00
2.01
NT-053
Hinge
and
335.00
338.00
3.00
3.76
NT-053
Hinge
incl.
335.00
336.60
1.60
6.56
NT-053
Hinge
and incl.
335.50
336.00
0.50
11.6
NT-053
Hinge
and
343.00
345.00
2.00
5.13
NT-053
Hinge
incl.
343.00
344.00
1.00
6.96
NT-054
NE Bx
37.00
38.00
1.00
3.4
NT-054
NE Bx
and
99.70
100.60
0.90
3.2
NT-054
NE Bx
and
234.90
235.90
1.00
5.32
NT-054
NE Bx
and
275.00
282.10
7.10
1.36
NT-054
NE Bx
incl.
276.00
278.00
2.00
3.68
NT-054
NE Bx
and incl.
276.00
276.50
0.50
6.61
NT-054
NE Bx
and incl.
277.50
278.00
0.50
6.52
NT-055
HB
55.00
57.00
2.00
3.13
NT-055
HB
incl.
56.00
57.00
1.00
5.68
NT-055
HB
and
196.60
200.00
3.40
1.47
NT-055
HB
incl.
198.00
199.00
1.00
3.77
NT-055
HB
and
292.00
293.00
1.00
24.00
NT-056
HB
116.00
117.00
1.00
7.470
NT-056
HB
and
129.00
130.00
1.00
5.080
NT-056
HB
and
175.00
177.00
2.00
1.446
NT-056
HB
and
197.00
213.00
16.00
8.633
NT-056
HB
incl.
199.50
211.00
11.50
11.775
NT-056
HB
and incl.
204.00
211.00
7.00
18.873
NT-056
HB
and incl.
208.00
211.00
3.00
42.842
NT-056
HB
and incl.
208.00
209.00
1.00
122.000
NT-056
HB
and
249.00
260.00
11.00
1.537
NT-056
HB
incl.
249.00
254.00
5.00
2.275
NT-056
HB
and incl.
252.00
253.50
1.50
2.917
NT-056
HB
and incl.
253.00
253.50
0.50
4.410
NT-056
HB
and
275.00
278.00
3.00
22.492
NT-056
HB
incl.
275.00
276.00
1.00
63.600
NT-056
HB
and
366.55
387.50
20.95
2.453
NT-056
HB
incl.
366.55
379.50
12.95
3.686
NT-056
HB
and incl.
366.55
377.50
10.95
4.163
NT-056
HB
and incl.
370.90
379.50
8.60
5.030
NT-056
HB
and incl.
370.90
372.00
1.10
32.595
NT-056
HB
and incl.
370.90
371.40
0.50
62.900
NT-057
HB
115.00
116.00
1.00
6.860
NT-057
HB
and
147.00
148.00
1.00
4.030
Hole
Zone
From (m)
To (m)
Width (m)
Gold (g/t)
NT-057
HB
and
194.00
195.00
1.00
3.77
NT-058
HB
182.00
184.50
2.50
2.46
NT-058
HB
incl.
183.00
184.00
1.00
4.61
NT-058
HB
283.00
286.50
3.50
15.48
NT-058
HB
or
283.50
286.50
3.00
17.94
NT-058
HB
incl.
284.00
286.00
2.00
25.55
NT-058
HB
and incl.
284.00
284.50
0.50
75.80
NT-058
HB
and incl.
285.50
286.00
0.50
23.30
NT-059
HB
68.00
70.00
2.00
3.60
NT-059
HB
incl.
68.00
69.00
1.00
5.84
NT-060
New
102.00
103.00
1.00
5.21
NT-060
New
and
174.00
175.00
1.00
4.83
NT-060
New
and
250.00
251.00
1.00
11.65
NT-061
New
53.00
54.00
1.00
3.17
NT-061
New
and
67.00
68.00
1.00
7.12
NT-061
New
and
237.00
238.00
1.00
3.56
NT-061
New
and
301.00
302.00
1.00
7.33
NT-061
New
and
307.00
308.00
1.00
3.61
NT-061
New
and
309.00
309.50
0.50
5.29
NT-061
New
and
406.00
407.00
1.00
3.48
NT-061
New
incl.
406.50
407.00
0.50
5.83
NT-062
Hinge-NEBx
incl.
170
175
5.00
18.246
NT-062
Hinge-NEBx
and incl.
171
173.7
2.7
32.426
NT-062
Hinge-NEBx
and incl.
173
173
0.7
103
NT-062
Hinge-NEBx
and
330
331
1
8.86
NT-063
Hinge-NEBx
213
213.5
0.5
27.3
NT-063
Hinge-NEBx
and
243.5
244
0.5
8.11
NT-063
Hinge-NEBx
and
288
289
1
7.66

A map showing the location of holes NT‐062 and NT‐063, along with all previous holes drilled at Newman Todd, can be viewed on the Company’s web site at www.confederationmineralsltd.com. The website also lists all significant assay results from previous drilling and the major characteristics of the property geology as well as all previous news releases.

Lawrence Dick, Ph.D., P.Geo., President and Director of Confederation Minerals Ltd. states: “The Company is extremely excited by the drilling results on the property to date, and continue to encounter high‐grade intercepts in wide step‐out holes from previous drilling. This indicates that the NE‐SW‐trending zone of structural deformation, brecciation, and intense quartz‐carbonate alteration extends, within the confines of the property, for more than 2 km, with significant strike potential to this mineralized zone. In addition, the gold‐bearing ‘zones’ defined by all drilling to date are open to depth and along strike. The Company is also looking forward to continuous results from our two‐drill program throughout the summer; one drill expanding on known mineralized sectors, while the second drill continues step‐outs along strike of the NTS at approximately 100‐meter spacings”.

Gold mineralization at Newman Todd occurs within sulphide‐magnetite replacement zones and along contacts with mafic and felsic volcanic units within the NTS. Lower‐grade zones of gold mineralization described above also occur within wide areas of the same sulphide‐magnetite style of replacement. At present high grade zones are believed to be steep to north‐west dipping zones of focused fluid movement along faults, contacts and within high sulphide‐magnetite zones. For example, the highgrade intercept in Hole NT‐062 occurs approximately 50 meters vertically above the highest grade intercept encountered in hole NT‐063 indicating, along with numerous other examples, a vertical continuity to the mineralization.

The exploration at Newman Todd is being funded by Confederation Minerals Ltd. who is optioning the project from Redstar Gold Corp. (TSX‐V: RGC). Confederation can earn a 50% interest in the project by spending $5.0 million in exploration within three years, and an additional 20% by producing a Preliminary Economic Assessment (PEA) within six years.

Bob Singh P.geo is the qualified person as defined by National Instrument 43‐101 and has reviewed this news release. Mr. Singh is the Canadian Exploration Manager for Redstar Gold Corp. Core samples from the program were cut in half using a diamond cutting saw and were sent to Activation Laboratories Ltd. in Red Lake Ontario, an accredited mineral analysis laboratory in Red Lake, Ontario for analysis. All samples were analyzed for gold using standard Fire Assay‐AA techniques. Samples returning over 3.0 g/t gold were analyzed utilizing standard Fire Assay‐Gravimetric methods. Certified gold reference standards, blanks and field duplicates were routinely inserted into the sample stream as part of Redstar'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 economic precious and base metals properties of merit. Confederation Minerals Ltd. holds an option agreement to acquire up to 70% of the Newman Todd project in the Red Lake Mining District of Northern Ontario as well 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 this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward‐looking statements. Forward‐looking statements are statements that are not historical facts and 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‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward‐looking statements. Factors that could cause the actual results to differ materially from those in forward‐looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and 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 on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward‐looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.