Catalina Metals Corp.

August 10, 2011 08:00 ET

Catalina Acquires Additional Property in Rainy River Greenstone Belt

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 10, 2011) - Catalina Metals Corp. (TSX VENTURE:CTX.H) ("Catalina" or the "Company") reports that it has signed an agreement with Rubicon Minerals Corporation (Rubicon), subject to regulatory acceptance, to acquire an additional 2314 acres (153 units) of prospective gold property in the Rainy River greenstone belt. The property lies north of Catalina's current land position and is in close proximity to the Cameron Lake gold deposit currently being explored by Coventry Resources. The property hosts several historical gold occurrences and lies within the prospective Pipestone-Cameron Lake Shear Zone.

As consideration for the option to acquire an undivided 100% interest in the Property, the Company will issue an aggregate of 250,000 shares of the Company over a two year period, make cash payments totaling $113,655 over a four year period, and pay a production royalty calculated at two percent of the Net Smelter Returns.

Both the Cameron Lake and Rainy River gold properties are located near a contact between mafic and felsic volcanic rocks and are closely associated with major fault zones and intrusive rocks. Historical work on the property has identified gold mineralization in rock samples in widely spaced prospecting and mapping programs.

Kim Phillips, President of Catalina Metals, comments: "The addition of this second land package to our portfolio in the Rainy River district gives us two large properties in the heart of the Rainy River-Cameron Lake greenstone belt. Both properties host historical gold and base metal showings. A mapping and prospecting program is planned for 2011 to be followed with drill target delineation in the fourth quarter of 2011."

Bob Singh P. Geo is a qualified person as defined by National Instrument 43-101and has reviewed this news release. The acquisition is subject to the approval of the TSX Venture Exchange.

On Behalf of the Board,


Doug Fulcher, Director

Forward-Looking Information This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Catalina Metals Corp. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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