Duluth Metals appoints Kelly Osborne as President and CEO

          Duluth Metals appoints Kelly Osborne as President and CEO

PR Newswire

TORONTO, May 12, 2014

TORONTO, May 12, 2014  /PRNewswire/ - Duluth  Metals Limited ("Duluth,  Duluth 
Metals") (TSX: DM) (TSX:DM.U)  is pleased to announce  the appointment of  Mr. 
Kelly J. Osborne as its President and CEO effective immediately. Mr. Osborne,
a senior mining executive, with over thirty years of industry experience  with 
major  mining  companies  including  Freeport-McMoRan,  Vulcan  Materials  and 
Stillwater Mining Company, will focus on Duluth's joint venture development of
the Twin Metals Minnesota LLC ("Twin Metals") Project and Duluth's 100%  owned 
exploration portfolio. In  addition, Mr.  Osborne is being  appointed to  the 
Board of Duluth Metals subject  to TSX approval and will  serve as one of  the 
three Duluth representatives on the Twin Metals Board of Directors.

Kelly Osborne joined Duluth  in July 2012 as  Chief Operating Officer and  was 
seconded to Twin Metals as its  Interim Vice President of Project  Development 
from February 2013 to March 2014. Mr. Osborne brings extensive mining industry
experience and leadership skills to Duluth Metals. Prior to his appointment to
Duluth Metals, Mr. Osborne  was Senior Vice-President, Underground  Operations 
(Indonesia) with Freeport-McMoRan Copper & Gold,  and prior to that from  2006 
to 2010, Vice-President, Underground Operations (Indonesia). During his tenure
with Freeport, Kelly was responsible  for operational and capital  development 
for two underground  mines, including  a capital budget  for underground  mine 
expansion of $4.7 billion, an annual  operating budget of $180 million, and  a 
workforce of 2,400 employees  plus 750 contractors.  Prior to Freeport,  Kelly 
was Area Manager with  Vulcan Materials Company in  the Chicago area, and  was 
responsible for  three  mining  operations  producing  construction  aggregate 
products. Prior to that, he was Mining Superintendent at the Nye, Montana PGM
mine for Stillwater Mining Company;  Plant Manager for J.M. Huber  Corporation 
at the Marble Falls, Texas calcium carbonate operation; Buick Mine Captain  at 
the Doe Run Company lead-zinc underground mine; and Mine Planning Engineer  at 
Homestake Mining Company's Lead, South Dakota operations.

Christopher Dundas, Chairman  of Duluth  Metals commented,  "Duluth Metals  is 
fortunate to  capitalize  on the  expertise  and leadership  skills  of  Kelly 
Osborne and his new appointments will  have positive impacts on Duluth.  Kelly 
Osborne brings to Duluth  Metals a unique set  of credentials from his  senior 
development and operations background with  Freeport in Indonesia and  leading 
the Twin  Metals  project  development  team during  his  secondment  to  Twin 
Metals. With these appointments, Duluth Metals will continue to have a strong
executive leadership team."

Effective immediately,  Vern Baker  is  resigning as  President of  Duluth,  a 
position he held  since July  2010. Mr. Baker  will continue  working for  and 
assisting Duluth until August 1, 2014 and has agreed to continue  representing 
Duluth on the Twin Metals Technical  Committee beyond August 1, 2014.  Duluth 
wishes to thank Mr. Baker for  his contribution and dedication to the  Company 
while he served as President. Mr. Osborne will replace Tom Pugsley who will be
resigning from the Twin Metals Board of Directors. Mr. Dundas will continue as
Duluth's Executive Chairman and  a Director as well  as remaining on the  Twin 
Metals Board of Directors.

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 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.

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 Duluth  Complex mining camp. 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. 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.

SOURCE Duluth Metals Limited

Contact:

Mara Strazdins
Vice President Investor Relations and Corporate Communications
Telephone: (416) 369-1500 ext. 222
Email:mstrazdins@duluthmetals.com

Webpage:www.duluthmetals.com
 
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