November 19, 2012 at 10:58 AM EST
Cougar Minerals Corporation Continues Financing

November 19, 2012 - Cougar Minerals Corporation - TSX-V: COU ("Cougar" or the "Company") announces that the Company has filed final documents with the TSX Venture Exchange and is awaiting approval to close the 2nd tranche of the private placement announced on September 25th, 2012.

Cougar plans to continue financing and announces a non-brokered offering of units of the Company's securities of up to 2,652,000 non flow-through units at a price of $0.15 per unit (the "NFT Units"). Each NFT Unit will consist of one common share and one common share purchase warrant. Each share purchase warrant will entitle the holder to acquire one additional common share at a price of $0.18 per share for a period of 24 months after closing of the offering.

The offering may be subject to regulatory approval and all shares and any shares issued on exercise of the warrants are subject to restrictions on transfer for a period of four months from the closing of the offerings.

The Company may pay finder's fees in accordance with the policies of the TSX Venture Exchange.

The proceeds from the non-flow through offering will be used for general corporate purposes. Proceeds will also allow the company to continue to evaluate and conduct due diligence on several properties that the Company is currently investigating in the state of Montana (refer to Cougar press release dated November 7th, 2012).

For more information, please contact:

Cougar Minerals Corporation

Max Polinsky, CFO/Secretary

(204) 989-2434

www.cougarminerals.com

COUGAR MINERALS CORPORATION

s/ "Max Polinsky"

Max Polinsky

Chief Financial Officer

The TSX Venture Exchange, nor its Regulation Services Providers (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied in the forward-looking information.

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