Mr. Theo van der Linde reports

CORONET METALS INC. COMMENCES COMMISSIONING OF LIBERTY GOLD PROCESSING FACILITY AND ANNOUNCES PRIVATE PLACEMENT

Coronet Metals Inc. has begun commissioning its Liberty gold processing facility in Amargosa Valley, in Nevada. Coronet entered into a lease with an option to purchase the permitted Liberty facility in February, 2013, and since has spent approximately $1.4-million upgrading the facility, infrastructure and utilities in order to custom process gold concentrates. The commissioning of the first phase of the plant, which will provide capacity of 20 tonnes of concentrate a day, is nearly complete. Current supply agreements are with independent parties. The company plans to secure additional supply agreements and expand to the 50-tonne-per-day permitted capacity in the future.

The gravity and magnetic separation circuits are working well. The ball mill, agitated leach, filtration and Merrill-Crowe circuits are nearing mechanical and electrical completion, and commissioning/testing will begin in the next couple of weeks. All major mechanical and electrical components have been delivered to site.

In order to strengthen its working capital position during start-up at Liberty, Coronet intends to raise up to $600,000 in a non-brokered private placement of common share units, of which $500,000 has already been committed. The common share units are priced at five cents per unit, and comprise one common share of the company and a warrant to purchase one additional common share at 10 cents at any time within two years. The common shares and any shares issued pursuant to the warrants from the private placement will be subject to a four-month hold period. The proceeds from the private placement will be used for working capital, and corporate general and administrative purposes.

Theo van der Linde, president and chief financial officer of Coronet, stated, "Commissioning of the Liberty facility is an important milestone in our plan to build a stable cash flow operation that can support our future growth and objective in becoming a gold development and production company."

We seek Safe Harbor.