Cougar Minerals Corp.
TSX VENTURE : COU

March 10, 2011 12:30 ET

Cougar Minerals Inc. Announces Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 10, 2011) - Cougar Minerals Corp. – (TSX VENTURE:COU) ("Cougar" or "the Company") announces a Non-Brokered Private Placement of up to 10 Million Non Flow-Through Units (the "NFT Units") at a price of $0.05 per Unit. Each Unit will consist of one Common Share and one Common Share purchase warrant. Each Full warrant entitles the holder to purchase one additional Common Share of the Company at an exercise price of $0.10 for a period of 24 months from the date of issue of the Warrant.

Additionally the Company will also offer 10 million Flow-Through Units (the "FT Units") at a price of $0.06 per Unit. Each Unit will consist of one Common Share and one half of one Common Share purchase non flow through warrant. Each Full warrant entitles the holder to purchase one additional Common Share of the Company at an exercise price of $0.10 for a period of 24 months from the date of issue of the Warrant.

All securities issued will be subject to a four-month hold period. The offering is subject to the approval of the TSX Venture Exchange (the "TSX") and a finder's fee may be payable in accordance with the policies of the TSX.

Proceeds from the Flow-through portion of the private placement will be used towards continued exploration of Cougar's claims contiguous to San Gold's holdings near Bissett Manitoba, and NFT proceeds will be used for general corporate purposes.

COUGAR MINERALS CORP. 

Mike Elson, President

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

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