Coronation Minerals Inc.
TSX VENTURE : CMV

November 30, 2007 13:25 ET

Underground Sampling by Coronation Minerals Inc. Returns 1.08% Cu, 0.78% Ni, and 2.46 g/t Pt+Pd+Au Over 11.3 Metres

TORONTO, ONTARIO--(Marketwire - Nov. 30, 2007) - Coronation Minerals Inc. (TSX VENTURE:CMV) (the "Company") is pleased to report on the first 159 assays of the 559 samples taken from the underground sampling program carried out on its Wellgreen Mine Property by the Company's technical personnel this past field season. The Wellgreen Mine Property is located 317 kilometres north-west of Whitehorse, Yukon, Canada. The following are the weighted averages;



4297 To Central 4201 Stope.

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Cu Ni Pt Pd Au Co Length
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% % g/t g/t g/t % Metres
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0.717 0.573 0.963 0.606 0.188 0.028 83.056
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including:
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0.857 0.591 1.373 0.809 0.300 0.03 25.908
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0.861 0.637 1.005 0.684 0.177 0.035 14.000
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4250 Level Drift West Of No. 2 Winze.

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Cu Ni Pt Pd Au Co Length
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% % g/t g/t g/t % Metres
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0.158 0.233 0.197 0.239 0.020 0.011 22.000
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4094 West Manway Drift 4250 Level.

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Cu Ni Pt Pd Au Co Length
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% % g/t g/t g/t % Metres
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0.578 1.258 0.758 1.087 0.198 0.077 6.0816
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Channel sampling of mineralization was carried out in all accessible drifts, cross cuts, and stopes on the main access level of 4250 and the level above, 4470. Four different types of mineralization are exposed. Massive sulphides to near massive sulphides, gaddro, peridotite, and mineralized quartzite (footwall). Other types of mineralization exist on the Wellgreen Mine Property but will not be discussed in this release. In the past, Hudson's Bay Mining Company Limited mined only the massive sulphides and rarely assayed any other types of mineralization in the development or diamond drilling throughout the deposit. The following is a table showing some of the results of different types of mineralization assayed to date;



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Sample Cu Ni Pt Pd Au Co Rx Length
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Number % % g/t g/t g/t % Type Metres
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C509555 1.97 0.939 2.45 3.53 0.214 0.0537 MG 0.7
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C509627 1.56 2.89 2.16 4.98 0.55 0.0849 MG Grab sample
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C509693 1.09 2.47 1.05 1.015 0.32 0.168 MG 0.7
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C509696 1.17 3.4 1.385 3.01 0.385 0.215 MG-NSS 0.9
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C509567 1.49 0.647 2.58 1.52 0.945 0.0316 MQ 1.3
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C509582 2.97 1.27 2.34 1.97 0.214 0.0625 MQ 1.1
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C509551 2.46 1.43 2.75 2.69 0.333 0.0688 MQ-NSS 0.75
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C509557 2.26 1.43 4.99 2.9 0.348 0.0846 MQ-NSS 1.15
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C509514 1.47 2.43 1.815 1.59 0.209 0.0736 MS 0.7
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C509554 1.88 1.33 3.06 2.2 0.43 0.0704 MS 0.7
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C509630 2.4 1.52 2.17 1.455 0.229 0.0853 MS 2
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C509583 0.973 0.1175 8.9 1.72 0.483 0.0101 MQ 0.9
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C509628 0.276 0.212 0.417 0.39 0.068 0.0146 P Grab sample
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MG equals mineralized gabbro, NSS equals near solid sulphides, MQ equals mineralized quartzite, MS equals massive sulphides, and P equals peridotite.

The Wellgreen exploration work is being carried out under the direction of Mr. Rory Calhoun, a qualified person within the meaning of National Instrument 43-101. Mr. Calhoun has reviewed the exploration results contained within this news release.

All of the routine analytical work is preformed by ALS Chemex in Vancouver, British Columbia. Precious metal assays use the traditional fire assay method and the base metals are done by atomic absorption.

HISTORY:

In the past a great deal of surface and underground work has been carried out on the Wellgreen Mine Property between the initial discovery in 1952 and limited mining in 1972 and 1973 by Hudson's Bay Mining Company Limited. Three zones of Copper-Nickel-Platinum-Palladium-Cobalt-Gold have been outlined on the property. Probable and possible resources (historical) are calculated to be 50.03 million tones grading 0.35% copper, 0.36% Ni, 0.54 grams per tonne platinum and 0.34 grams per tonne palladium (Preliminary Feasibility Study, Watts, Griffis and McQuat Limited. April 21, 1989). Caution should be used when evaluating these resources as they were calculated prior to NI 43-101 existing and a qualified person has not done work to classify the historical estimate as a current mineral resource.

Coronation Minerals Inc. is a Canadian based exploration and development company. The Company presently holds the Wellgreen Mine Property, Yukon Territory and an interest in the Coppermine River Property, Nunavut Territory. Both of these projects are described as Copper-Nickel-Platinum-Palladium prospects.

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

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