October 04, 2007 08:30 ET

PolyMet Hosts Analyst and Investor Tour

Updated Presentation on www.polymetmining.com

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 4, 2007) - PolyMet Mining Corp. (TSX:POM)(AMEX:PLM) ("PolyMet" or the "Company") reported that it is hosting a project tour today by analysts and investors at its 100%-owned NorthMet Project. NorthMet comprises a copper-nickel-precious metals ore-body and the nearby Erie Plant, located near Hoyt Lakes in the established mining district of the Mesabi Iron Range in northeastern Minnesota.

An updated presentation has been filed on the Company's website at www.polymetmining.com.

Key subjects for discussion will be the recently announced increase in measured and indicated mineral resources and the interim increase in reserves as well as the opportunity to sell concentrates during construction and commissioning of the hydrometallurgical plant.

PolyMet Mining Corp. (www.polymetmining.com) is a publicly-traded mine development company that owns 100% of the NorthMet copper-nickel-precious metals ore body and 100% of the Erie Plant, a large processing facility located approximately six miles from the ore body in the established mining district of the Mesabi Range in northeastern Minnesota. PolyMet has completed its Definitive Feasibility Study and is seeking environmental and operating permits in order to commence production in early 2009. The NorthMet project is expected to require approximately one million man hours of construction labor and create at least 400 long-term jobs, a level of activity that will have a significant multiplier effect in the local economy.

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