Mr. Bruce Richardson reports

GLENCORE COMPLETES ACQUISITION OF POLYMET

PolyMet Mining Corp. has completed the transactions contemplated by the previously announced statutory plan of arrangement under Part 9, Division 5 of the Business Corporations Act (British Columbia) involving the company and Glencore AG. Pursuant to the arrangement, Glencore acquired the approximately 17.82 per cent of the issued and outstanding common shares of PolyMet that Glencore did not already own for $2.11 (U.S.) in cash, per minority share.

PolyMet has applied to have its common shares delisted from the Toronto Stock Exchange and the NYSE American and has applied to cease to be a reporting issuer under Canadian securities laws. Once PolyMet ceases to be a reporting issuer, the company will no longer be subject to the continuing continuous disclosure and reporting obligations currently imposed upon the company as a reporting issuer under such legislation.

About PolyMet Mining Corp.

PolyMet is a mine development company holding a 50-per-cent interest in NewRange Copper Nickel LLC, a joint venture with Teck Resources. NewRange Copper Nickel holds the NorthMet and Mesaba copper, nickel, cobalt and platinum group metal (PGM) deposits, two globally significant clean energy mineral resources located in the Duluth complex in northeast Minnesota. The Duluth complex is one of the world's major, undeveloped copper, nickel and PGM metal mining regions. NorthMet is the first large-scale project to have received permits within the Duluth complex; however, legal challenges contesting various aspects of NorthMet federal and state permits and decisions are continuing.

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