Hinterland Metals Inc.
TSX VENTURE : HMI

Hinterland Metals Inc.

November 30, 2010 14:00 ET

Hinterland Arranges $1-Million Non-Brokered Private Placement

VAL D'OR, QUEBEC--(Marketwire - Nov. 30, 2010) -

NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO U.S NEWS WIRE SERVICES

Hinterland Metals Inc. (TSX VENTURE:HMI) is pleased to announce that it has arranged a non-brokered private placement of 5.2-million units at a purchase price of $0.125 per unit for gross proceeds of up to $650,000 with each unit consisting of one common share and a one share purchase warrant, and 2.8 million flow-through units at a purchase price of $0.125 per flow-through unit for gross proceeds of up to $350,000 with each flow-through unit consisting of one flow-through common share and a one-half share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of $0.15 per share for a period of 12 months from closing.

The securities sold under the private placement will be issued pursuant to exemptions from the prospectus and registration requirements of applicable securities laws, subject to the receipt of necessary regulatory approvals and to a four month hold period from closing. The proceeds from the private placement will be used by Hinterland for general working capital and to conduct exploration work on its properties. Finders fees will be payable within the TSX Venture Exchange guidelines.

Hinterland's securities will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or applicable state securities laws, and may not be offered or sold in the United States or to "U.S. persons", as such term is defined in Regulation S promulgated under the U.S. Securities Act, absent registration or an applicable exemption from such registration requirements.

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This release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company's periodic reports including the annual report or in the filings made by the Company from time to time with securities regulators. The Company undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of an unanticipated event.

Shares Issued 70,009,233

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 release.

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