Portage Minerals Inc.

Portage Minerals Inc.

November 17, 2009 15:08 ET

Portage Announces Share Consolidation

TORONTO, ONTARIO--(Marketwire - Nov. 17, 2009) - Portage Minerals Inc. (the "Company") announces that it intends to complete the consolidation of its common shares, as approved by the shareholders of the Company at its annual and special meeting held on January 28, 2009, on or before November 25, 2009. The Company will amend its articles of incorporation to consolidate its common shares on the basis of five (5) common shares to one (1) common share. Accordingly, the current issued and outstanding 37,816,542 common shares of the Company will be consolidated into approximately 7,563,308 common shares.

Shares Outstanding: 37,816,542

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