Coronet Metals Inc. Grants Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 21, 2012) - Coronet Metals Inc. (TSX VENTURE:CRF)(OTCQX:CORMF)(FRANKFURT:2CM) (the "Company") advises that it has granted incentive stock options to certain directors, officers and consultants of the Company, entitling them to purchase up to 2,110,000 common shares of the capital stock in the Company at a price of $0.10 per share for the next four years.

The above is subject to regulatory approval.

About Coronet Metals Inc.

Coronet Metals is a junior exploration and development company focused on "advanced stage" gold and silver projects with near-term cash flow potential. Coronet Metals brings together a highly experienced management team and a well-connected Board with a proven history of developing, financing, and operating mining 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.


Coronet Metals Inc.

Theo van der Linde

President and CFO

+1 902 403 7258

Vanguard Shareholder Solutions

+1 604 608 0824 or Toll free: +1 877 608 0829

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