November 09, 2011 at 13:15 PM EST
Coronet Hires Dorsey & Whitney for OTCQX Quotation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2011) - Coronet Metals Inc. ("Coronet") (TSX VENTURE:CRF) has retained the services of the legal firm Dorsey & Whitney LLP to pursue a quotation on the OTCQX International. The OTCQX is the premier tier of the U.S. over-the-counter marketplace, providing a U.S. quotation opportunity to significantly broaden and enhance its access and exposure within the U.S. market.

Mr. Joel Dumaresq, Coronet's Chief Executive Officer, states, "The OTCQX will provide the many investors in the United States interested in Coronet with ready access to investment opportunities in our Stock. The OTCQX listing will assist Coronet in providing liquidity for investors in both Canadian and U.S. marketplaces."

The OTCQX trading platform has earned an exemplary reputation for providing U.S. investors with improved liquidity, transparency, superior information, and easy access through their U.S. regulated broker dealers. It is also recognized within the industry for maintaining rigid quotation standards for companies that trade on its exchange.

Subject to approval, Coronet's quotation on the OTCQX is expected to be completed within the next few weeks.

About Coronet Metals

Coronet Metals is well-funded and positioned to build a substantial junior gold mining and exploration enterprise by acquiring advanced, near production, low cost assets in Latin American countries. The proven management team has a strong base of contacts in South America, and experience in all aspects of the development and financing of resource projects.

This news release contains certain forward-looking statements, and such statements involve risks and uncertainties. The results or events predicted may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release. Except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results, or any other occurrence.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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