Duluth Metals Highlights 153.5 Feet of 0.767% Copper, 0.197% Nickel and 1.988 Grams Total Precious Metals at Twin Metals

Duluth Metals Highlights 153.5 Feet of 0.767% Copper, 0.197% Nickel and 1.988
  Grams Total Precious Metals at Twin Metals Minnesota's Birch Lake Deposit

  PR Newswire

  TORONTO, November 27, 2012

TORONTO, November 27, 2012 /PRNewswire/ --

  * Drill results of an additional 28 holes (BL11-01 to BL12-21) in the Birch
    Lake Deposit of Twin Metals Minnesota
  * The 28 drill holes from the Birch Lake Deposit which are featured in this
    press release will be factored into the final pre-feasibility AMEC
    resource numbers due early December 2012; this is in addition to the 159
    additional drill holes and 70 wedge offsets for the Maturi Deposit
  * The final AMEC resource report will provide the basis for mine planning
    within the pre-feasibility study. Duluth Metals also expects the new
    estimate will confirm the extent and distribution of the higher grade
    portions of the deposit

Duluth Metals Limited ("Duluth Metals") (TSX: DM) (TSX: DM.U) is pleased to
announce assay results for 28 holes on the Birch Lake Deposit within the Twin
Metals Minnesota Project in northeastern Minnesota. The Birch Lake Deposit is
one of three mineral resources in close proximity to one another within the
Twin Metals Minnesota Project, these being the Maturi, Birch Lake and Spruce
Road Deposits.  All of the holes have significant length intercepts continuing
to indicate a higher grade platinum+palladium+gold (TPM) content within the
Birch Lake resource relative to other resources in the project. These
additional holes will be incorporated into the final resource estimate to be
issued by AMEC in early December 2012.

"The addition of these holes to the Birch Lake database will provide the basis
for a stronger estimate in the western part of the Twin Metals Minnesota
Project. The Birch Lake resource provides potential flexibility in the project
as it is geographically separate (5 miles) from Maturi, and shows a higher
contribution to revenue from precious metals than some of the other sections
in the project," stated Vern Baker, President of Duluth Metals.

Drilling highlights in the Birch Lake Deposit include:

  * BL11-07-W1 returned a 153.5 foot intersection of 0.767% copper, 0.197%
    nickel, 3.0 g/t silver and 1.988 grams TPM (TPM = Platinum+Palladium+Gold)
    at a 0.5% Cu cut-off.
  * BL11-05 returned a 67.5 foot intersection of 0.710% copper, 0.230% nickel,
    2.5 g/t silver and 1.817 grams TPM at a 0.5% Cu cut-off.
  * BL12-09 returned a 101.3 foot intersection of 0.862% copper, 0.273%
    nickel, 3.0 g/t silver and 1.237 grams TPM at a 0.5% Cu cut-off.
  * BL12-10 returned a 53 foot intersection of 0.638% copper, 0.182% nickel,
    2.3 g/t silver and 1.158 grams TPM at a 0.5% Cu cut-off.

Figure 1 is a map illustrating the location of 28 drill holes reported in this
press release which can be found on the Company website under this press
release at http://www.duluthmetals.com .

A more detailed summary of the assay results for BL11-01 to BL12-21 as grouped
by areas can be found in the table below. True thickness is estimated at about
90% of core length:


       Hole          Zone        From    To  Length  Cu    Ni    TPM
                                 (ft)   (ft)  (ft)   (%)   (%)  (g/t)
     BL11-01   @0.3% Cu cut-off    2258 2333     75 0.393 0.169 2.689
     BL11-02   @0.3% Cu cut-off    2503 2573     70 0.418 0.134 0.311
     BL11-03   @0.5% Cu cut-off    2353 2578    225 0.651 0.194 0.781
     BL11-04   @0.5% Cu cut-off  2536.5 2588   51.5 0.606 0.225 0.941
     BL11-05   @0.5% Cu cut-off  2720.5 2788   67.5 0.710 0.230 1.817
     BL11-06   @0.3% Cu cut-off    2428 2543    115 0.437 0.113 0.401
               @0.5% Cu cut-off    2358 2398     40 0.607 0.190 0.572
    BL11-07-W1 @0.5% Cu cut-off  2303.5 2457  153.5 0.767 0.197 1.988
     BL11-08   @0.3% Cu cut-off  1718.5 1772   53.5 0.406 0.147 0.366
     BL12-01   @0.3% Cu cut-off    2672 2817    145 0.522 0.125 0.914
               @0.5% Cu cut-off    2692 2802    110 0.590 0.132 1.050
     BL12-02   @0.5% Cu cut-off    2477 2602    125 0.599 0.161 1.097
     BL12-03   @0.3% Cu cut-off    2397 2452     55 0.339 0.140 0.438
     BL12-04   @0.5% Cu cut-off  2527.7 2632  104.3 0.623 0.165 0.668
     BL12-05   @0.3% Cu cut-off  1839.5 1977  137.5 0.395 0.142 0.325
     BL12-07           No Significant Mineralized Intercepts
     BL12-08   @0.5% Cu cut-off    2202 2292     90 0.570 0.184 0.386
     BL12-09   @0.3% Cu cut-off  2475.7 2647  171.3 0.704 0.220 0.907
               @0.5% Cu cut-off  2475.7 2577  101.3 0.862 0.273 1.237
     BL12-10   @0.3% Cu cut-off    2146 2277    131 0.488 0.170 0.751
               @0.5% Cu cut-off    2198 2251     53 0.638 0.182 1.158
     BL12-11   @0.3% Cu cut-off  2341.1 2467  125.9 0.442 0.161 0.653
     BL12-12   @0.5% Cu cut-off    2601 2731    130 0.622 0.191 0.577
     BL12-13   @0.3% Cu cut-off  1605.5 1912  306.5 0.409 0.144 0.270
     BL12-14   @0.3% Cu cut-off    2352 2432     80 0.449 0.225 0.216
     BL12-15   @0.3% Cu cut-off    2416 2536    120 0.447 0.139 0.483
     BL12-16   @0.3% Cu cut-off    2402 2582    180 0.476 0.298 0.246
     BL12-17   @0.3% Cu cut-off    2426 2527    101 0.448 0.146 0.868
     BL12-18   @0.3% Cu cut-off    2327 2407     80 0.456 0.142 0.833
     BL12-19   @0.3% Cu cut-off  1704.5 1892  187.5 0.653 0.233 0.380
               @0.5% Cu cut-off  1704.5 1867  162.5 0.700 0.228 0.413
     BL12-20   @0.3% Cu cut-off    2233 2308     75 0.466 0.153 0.633
     BL12-21   @0.5% Cu cut-off 2203.25 2307 103.75 0.583 0.204 0.376

(*TPM = Platinum+Palladium+Gold)  

Complete gold, platinum, palladium, silver and cobalt assays for BL11-01 to
BL12-21 are as follows:


       Hole        Zone       From    To  Length  Pt    Pd    Au    Co    Ag
                              (ft)   (ft)  (ft)  (g/t) (g/t) (g/t)  (%)  (g/t)
                 @0.3% Cu
     BL11-01      cut-off       2258 2333     75 0.901 1.567 0.221 0.013   1.4
                 @0.3% Cu
     BL11-02      cut-off       2503 2573     70  0.08 0.181 0.050 0.011   1.3
                 @0.5% Cu
     BL11-03      cut-off       2353 2578    225 0.204 0.473 0.105 0.012   2.4
                 @0.5% Cu
     BL11-04      cut-off     2536.5 2588   51.5 0.274 0.562 0.105 0.011   2.1
                 @0.5% Cu
     BL11-05      cut-off     2720.5 2788   67.5 0.510 1.115 0.192 0.009   2.5
                 @0.3% Cu
     BL11-06      cut-off       2428 2543    115 0.155 0.190 0.056 0.011   1.7
                 @0.5% Cu
                  cut-off       2358 2398     40 0.147 0.340 0.085 0.010   2.1
                 @0.5% Cu
    BL11-07-W1    cut-off     2303.5 2457  153.5 0.595 1.118 0.275 0.013   3.0
                 @0.3% Cu
     BL11-08      cut-off     1718.5 1772   53.5 0.115 0.200 0.051 0.012   1.2
                 @0.3% Cu
     BL12-01      cut-off       2672 2817    145 0.250 0.559 0.105 0.008   1.6
                 @0.5% Cu
                  cut-off       2692 2802    110 0.285 0.645 0.120 0.008   1.8
                 @0.5% Cu
     BL12-02      cut-off       2477 2602    125 0.277 0.644 0.177 0.009   2.4
                 @0.3% Cu
     BL12-03      cut-off       2397 2452     55 0.126 0.259 0.053 0.009   1.2
                 @0.5% Cu
     BL12-04      cut-off     2527.7 2632  104.3 0.174 0.395 0.099 0.011   2.0
                 @0.3% Cu
     BL12-05      cut-off     1839.5 1977  137.5 0.089 0.185 0.052 0.010   1.2
     BL12-07                No Significant Mineralized Intercepts
                 @0.5% Cu
     BL12-08      cut-off       2202 2292     90 0.102 0.219 0.065 0.010   1.7
                 @0.3% Cu
     BL12-09      cut-off     2475.7 2647  171.3 0.256 0.533 0.119 0.012   2.5
                 @0.5% Cu
                  cut-off     2475.7 2577  101.3 0.360 0.715 0.163 0.014   3.0
                 @0.3% Cu
     BL12-10      cut-off       2146 2277    131 0.231 0.417 0.103 0.010   1.7
                 @0.5% Cu
                  cut-off       2198 2251     53 0.372 0.624 0.163 0.008   2.3
                 @0.3% Cu
     BL12-11      cut-off     2341.1 2467  125.9 0.194 0.388 0.071 0.011   1.5
                 @0.5% Cu
     BL12-12      cut-off       2601 2731    130 0.142 0.347 0.087 0.009   2.1
                 @0.3% Cu
     BL12-13      cut-off     1605.5 1912  306.5 0.066 0.156 0.047 0.010   1.6
                 @0.3% Cu
     BL12-14      cut-off       2352 2432     80 0.059 0.132 0.024 0.013   0.8
                 @0.3% Cu
     BL12-15      cut-off       2416 2536    120 0.130 0.286 0.067 0.009   1.1
                 @0.3% Cu
     BL12-16      cut-off       2402 2582    180 0.068 0.144 0.034 0.016   0.6
                 @0.3% Cu
     BL12-17      cut-off       2426 2527    101 0.231 0.523 0.114 0.010   1.8
                 @0.3% Cu
     BL12-18      cut-off       2327 2407     80 0.254 0.468 0.111 0.009   1.6
                 @0.3% Cu
     BL12-19      cut-off     1704.5 1892  187.5 0.095 0.230 0.055 0.012   2.1
                 @0.5% Cu
                  cut-off     1704.5 1867  162.5 0.103 0.250 0.060 0.011   2.3
                 @0.3% Cu
     BL12-20      cut-off       2233 2308     75 0.180 0.379 0.073 0.010   1.1
                 @0.5% Cu
     BL12-21      cut-off    2203.25 2307 103.75 0.101 0.218 0.058 0.013   2.0

The Twin Metals Minnesota Project covers over 32,000 acres of land/mineral
interests and consolidates the largest base and precious metal land position
in Minnesota. This extensive land position provides Twin Metals with the
platform to plan and develop one of the world's largest copper-nickel-PGM
deposits within a new emerging mining belt in Minnesota, USA.

For the 2011-2012 Birch Lake Drill Program, half core samples were prepared at
ALS Minerals laboratories in Thunder Bay and then shipped to its analytical
facilities in Vancouver. Samples are being analyzed for Au, Pt, and Pd using a
30g standard fire assay with an ICP-AES finish and for 33 other elements using
a four acid (near total) digestion and a combination of ICP-MS and ICP-AES.
ICP over-limits for copper and nickel are re-analyzed using dissolution four
acid (near total) digestion followed by ICP-AES or AAS. The remaining half
core samples are being stored in Minnesota.

Phillip Larson, P. Geo. is the Qualified Person for Duluth Metals and Senior
Geologist for Duluth Metals, in accordance with NI 43-101 of the Canadian
Securities Administrators, and is responsible for Duluth Metals technical
content of this press release and quality assurance of the exploration data
and analytical results.

About Duluth Metals Limited

Duluth Metals Limited is committed to acquiring, exploring and developing
copper, nickel and platinum group metal (PGM) deposits. Duluth Metals has a
joint venture with Antofagasta plc on the Twin Metals Minnesota Project,
located within the rapidly emerging Duluth Complex mining camp in
north-eastern Minnesota. The Duluth Complex hosts one of the world's largest
undeveloped repositories of copper, nickel and PGMs, including the world's
third largest accumulation of nickel sulphides, and one of the world's largest
accumulations of polymetallic copper and platinum group metals. Aside from the
joint venture, Duluth Metals retains a 100% position on approximately 40,000
acres of mineral interests on exploration properties adjacent to and nearby
the Twin Metals Minnesota LLC joint venture.

About Twin Metals Minnesota LLC

Twin Metals Minnesota, LLC, is a joint venture company, 60 percent owned by
Duluth Metals Limited and 40 percent by Antofagasta plc. Twin Metals was
formed in 2010 to pursue the development and operation of a copper, nickel and
platinum group metals (strategic metals) underground mining project within the
Duluth Complex in northeastern Minnesota. Twin Metals holds mineral and land
assets of approximately 32,000 acres of leased and permitted land, including
mineral resources prepared in compliance with the requirements of NI 43-101.

This press release contains forward-looking statements (including
"forward-looking information" within the meaning of applicable Canadian
securities legislation and "forward-looking statements" within the meaning of
the US Private Securities Litigation Reform Act of 1995) relating to, among
other things, the results of drilling operations of Duluth Metals and
exploration and mine development.   Generally, forward-looking statements can
be identified by the use of words such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or statements that certain actions,
events or results "may", "could", "would", "might" or "will be taken", "occur"
or "be achieved".   Duluth Metals has relied on a number of assumptions and
estimates in making such forward-looking statements, including, without
limitation, the prices of copper, nickel and platinum group metals (PGMs) and
the costs associated with continuing exploration and mining development.  
Such assumptions and estimates are made in light of the trends and conditions
that are considered to be relevant and reasonable based on information
available and the circumstances existing at this time. A number of risk
factors may cause actual results, level of activity, performance or outcomes
of such exploration and/or mine development to be materially different from
those expressed or implied by such forward-looking statements including,
without limitation, whether such discoveries will result in commercially
viable quantities of such mineralized materials, the possibility of changes to
project parameters as plans continue to be refined, the ability to execute
planned exploration and future drilling programs, possible variations of
copper, nickel and PGM grade or recovery rates, the need for additional
funding to continue exploration efforts, changes in general economic, market
and business conditions, and those other risks set forth in Duluth Metals'
most recent annual information form under the heading "Risk Factors" and in
its other public filings.   Statements related to "reserves" and "resources"
are deemed forward-looking statements as they involve the implied assessment,
based on realistically assumed and justifiable technical and economic
conditions, that an inventory of mineralization will become economically
extractable.   Forward-looking statements are not guarantees of future
performance and such information is inherently subject to known and unknown
risks, uncertainties and other factors that are difficult to predict and may
be beyond the control of Duluth Metals.   Although Duluth Metals has attempted
to identify important risks and factors that could cause actual actions,
events or results to differ materially from those described in forward-looking
statements, there may be other factors and risks that cause actions, events or
results not to be as anticipated, estimated or intended.   Consequently, undue
reliance should not be placed on such forward-looking statements. In addition,
all forward-looking statements in this press release are given as of the date
hereof.   Duluth Metals disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise, save and except as may be required by applicable
securities laws.   The forward-looking statements contained herein are
expressly qualified by this disclaimer.

Image with caption: "Figure 1: Twin Metals - Birch Lake Drilling Nov. 2012
(CNW Group/Duluth Metals Limited)." Image available at:
http://photos.newswire.ca/images/download/20121127_C3693_PHOTO_EN_21238.jpg

SOURCE: Duluth Metals Limited

For further information:Mara Strazdins Vice President Investor Relations and
Corporate Communications Telephone: +1-(416)-369-1500 ext. 222 Email: 
mstrazdins@duluthmetals.com Vern Baker President Telephone: +1-(651)-389-9990
Email:  vbaker@duluthmetals.com Webpage:   http://www.duluthmetals.com