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Duluth Metals Announce Assay Results from Twin Metals Minnesota Project; Shares Fall Slightly

Duluth Metals Limited (DM.TO) today announced assay results for the first 20 holes, MSW-0001 to MSW-0020, in the Maturi West Exploration Target area, including the up dip extension of the Birch Lake deposit, within the Twin Metals Minnesota Project (TMM) in northeastern Minnesota.

Assay results from the relatively shallow drilling highlight thick mineralized intersections which include:

- MSW-0014 returned a 150 foot intersection of 0.81% copper, 0.27% nickel, 2.7 g/t silver and 1.00 grams TPM (TPM = Platinum+Palladium+Gold) at a 0.3% Cu cut-off including a 110 foot intersection of 0.94% copper, 0.31% nickel, 3.1 g/t silver and 1.17 grams TPM at a 0.5% Cu cut-off;

- MSW-0017 returned a 210.5 foot intersection of 0.64% copper, 0.24% nickel, 2.1 g/t silver and 0.35 grams TPM at a 0.3% Cu cut-off including a 120.5 foot intersection of 0.72% copper, 0.24% nickel, 2.6 g/t silver and 0.44 grams TPM at a 0.5% Cu cut-off; and

- MSW-0018 returned a 83 foot intersection of 0.60% copper, 0.19% nickel, 2.1 g/t silver and 0.41 grams TPM at a 0.3% Cu cut-off including a 50 foot intersection of 0.90% copper, 0.28% nickel, 3.7 g/t silver and 0.51 grams TPM at a 0.5% Cu cut-off.

"We are pleased with the assay results which confirm the existence of mineralization at shallow depths between the Maturi Deposit and the Birch Lake Deposit." stated Vern Baker, President of Duluth Metals.

Duluth is down 2 cents to $1.60 late morning. Volume traded is 17,800.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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