Hinterland Metals Inc.
TSX VENTURE : HMI

Hinterland Metals Inc.

September 30, 2010 17:11 ET

Hinterland Closes a Private Placement for $375,000

MONTREAL, QUEBEC--(Marketwire - Sept. 30, 2010) - Hinterland Metals Inc. (TSX VENTURE:HMI) has closed a non-brokered private placement announced on September 14, 2010 for gross proceeds of $375,000. The Company issued 3,750,000 units at a purchase price of $0.10 per unit, with each unit consisting of one common share and one warrant with each warrant entitling the holder thereof to purchase one common share at an exercise price of $0.15 per share for a 12 month period ending September 30, 2011.

The securities sold under the private placement were 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 ending January 31, 2011. The proceeds from the private placement will be used by Hinterland to advance its exploration projects within Canada and for general working capital. In accordance with the TSX Venture Exchange guidelines, finder's fees of $24,000 were paid in cash.

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 69,709,233

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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