Coronation Minerals Inc.

February 26, 2008 16:09 ET

Coronation Clarifies Special Meeting Matters

TORONTO, ONTARIO--(Marketwire - Feb. 26, 2008) - Coronation Minerals Inc. (TSX VENTURE:CMV) ("Coronation") would like to clarify and confirm certain matters relating to the special meeting to be held on March 3, 2008 (the "Meeting"). It has recently come to Coronation's attention that at least one shareholder would like clarification on certain matters relating to the special meeting to be held on Monday March 3, 2008 and the circular relating thereto (the "Circular"). In an effort to ensure that all shareholders understand what is being asked of them at the meeting, Coronation clarifies and confirms the following:

1. In the first business matter before the Meeting, Coronation is seeking approval only for the Private Placement with Jinchuan (as those terms are defined in the Circular) as required by the TSX Venture Exchange Corporate Finance Manual. Coronation is not required to nor is it seeking approval for any other agreement.

2. In the second business matter before the Meeting, being the increase in the board of directors and election of the Jinchuan nominees, a vote to 'withhold' on the form of proxy will be counted as a vote 'against' and this resolution will only be deemed to have passed if it is approved by an affirmative vote of at least two thirds of the eligible votes received. For greater certainty, the increase in the number of directors and election of the two nominees of Jinchuan will occur if and only if the Private Placement is completed. No increase will occur and no additional directors will be added if the Private Placement is not completed.

Shareholders are reminded that the Private Placement cannot be completed if approval is also not received for the increase in the board and the election of Jinchuan's two nominees as this forms an integral part of the overall transaction with Jinchuan. Conversely, shareholders are reminded that if they do not want to approve the right of Jinchuan to nominate the two directors, they should also vote against the Private Placement, as the result of the second business matter not being approved would be to prevent any approval of the first due to the contingent nature of the two matters.

As a result of the confirmations and clarifications contained herein, Coronation will be extending the deadline by which proxies must be received to prior to 5:00pm Toronto time on Friday February 29, 2008 for all registered and non-objecting beneficial holders and prior to 4:00pm Toronto time on the same date for objecting beneficial owners.

Coronation's management looks forward to talking with shareholders at the meeting and answering any other questions they may have at that time.

Coronation Minerals Inc. is a Canadian based exploration and development company. The Company presently controls and holds both the Wellgreen Property, Yukon Territory and the Coppermine River Project, Nunavut Territory. Both of these projects are described as Copper-Nickel-Platinum-Palladium prospects.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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