Mr. Jon Bey reports

MINAS METALS CLOSES $600,000 NON-BROKERED PRIVATE PLACEMENT

Minas Metals Ltd. has closed its previously announced non-brokered private placement of up 12 million common shares at five cents per share for total gross proceeds of $600,000.

The offering remains subject to final acceptance from the Canadian Securities Exchange. All securities issued in connection with the offering will be subject to a statutory hold period expiring four months plus one day from the closing.

The company intends to use the net proceeds of the offering for general working capital purposes.

We seek Safe Harbor.