Metropolitan Mining Inc.

Metropolitan Mining Inc.

June 11, 2008 19:46 ET

Metropolitan Mining Inc.: Receipt Issued for Prospectus For Initial Public Offering

TORONTO, ONTARIO--(Marketwire - June 11, 2008) -

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.

Metropolitan Mining Inc. ("Metropolitan" or the "Company") is pleased to announce that the Ontario Securities Commission has issued a receipt for the prospectus dated June 6, 2008 (the "Prospectus") in connection with an initial public offering of common shares (the "Offering") in each of the provinces of Ontario, British Columbia and Alberta. First Canada Capital Partners Inc., of Vancouver, B.C., is acting as agent for the Offering.

Pursuant to the Offering, Metropolitan expects to issue 3,000,000 common shares, at a price of $0.30 per share, for gross proceed of $900,000. Sales of the common shares will only be made pursuant to the Prospectus.

The TSX Venture Exchange (the "TSX.V") has conditionally approved the listing of the common shares of Metropolitan, subject to Metropolitan satisfying the customary requirements of the TSX.V including, without limitation, minimum distribution requirements and closing the Offering.

Metropolitan is a mineral exploration company that has an option to acquire up to a 60% interest in the Fruso property (Fruso Este - 2,340 hectares and Aracar - 3,344 hectares), (the "Fruso Property"). The Fruso Property is located in the Argentine Puna, province of Salta, in northwestern Argentina, approximately 15 kilometres east of the Chilean border.

The funds to be raised under the Offering will be used by the Company to fund a Phase I drilling and exploration program on the Fruso Property and for general corporate purposes. The planned exploration program on the Fruso Property includes a drilling program of 2,400 metres.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael G. Thomson, President & Director

Certain information contained in this press release, including information and statements which may contain words such as "could", "plans", "should", "anticipates", "expect", "believe", "will", and similar expressions and statements relating to matters that are not historical facts are forward-looking information. All of the forward-looking information contained in this press release is qualified by this cautionary statement. There can be no assurance that the actual results or developments anticipated by Metropolitan, as expressed or implied by the forward-looking information, will be realized or, even if substantially realized, that they will have the expected consequences to or effects on Metropolitan or its business operations. Metropolitan disclaims any intention or obligation to update or revise any forward-looking information as a result of new information or future events. Readers should not place undue reliance on forward-looking information.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

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

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