Megumagold Corp (NSAUF)

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Coronet Metals Inc. Joins the U.S. OTCQX International


Coronet Metals Inc. ("Coronet") (TSX VENTURE:CRF)(OTCQX:CORMF)(FRANKFURT:2CM) has begun trading today on the United States (U.S.) OTC stock market's premier tier, OTCQX International. U.S. investors can find current Coronet information, disclosures and free real-time quotes on the OTC website www.otcmarkets.com at "CORMF".

As reported in a November 9, 2011 news release, Coronet retained the services of the legal firm Dorsey & Whitney LLP to serve as Coronet's Principal American Liaison (PAL) on OTCQX International. PALs provide listing services, continued guidance on OTCQX International requirements and information on U.S. market protocols.

The OTCQX International is the premier tier of the U.S. over-the-counter marketplace, providing easy access to U.S. investors to high quality companies listed on qualified stock exchanges such as Canada's Toronto Stock Exchange. Companies that join the OTCQX International commit to providing superior information and disclosure to investors, and maintaining a high quality of standards. OTCQX International is fully electronic and gives U.S. investors access through all major online and full-service brokerage firms in the U.S.

Joel Dumaresq, Coronet's CEO and Chairman, states: "Coronet's new OTCQX International listing will further diversify our stockholder base, assisting Coronet with future financings and provide liquidity for our U.S. investors. Coronet is also currently listed on the Frankfurt, Germany Stock Exchange under the symbol FWB: 2CM and has retained Kallpa Securities to assist in listing Coronet on the Lima, Peru Stock Exchange."

About Coronet Metals Inc.

Coronet Metals Inc. is well-funded and positioned to build a substantial junior gold mining and exploration enterprise by acquiring advanced, near production, low cost assets in Latin American countries. The proven management team has a strong base of contacts in South America, and experience in all aspects of the financing and development of resource projects. Coronet is in the process of gaining social license at its 100% owned Yanamina Gold Project in Ancash Peru.

This news release contains certain forward-looking statements, and such statements involve risks and uncertainties. The results or events predicted may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release. Except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results, or any other occurrence.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:

Coronet Metals Inc.

Joel Dumaresq

Chief Executive Officer and Director

[phone]

[e-mail]

www.coronetmetals.com


Doyle Investments Inc.

[phone] or Toll free: [phone]

[e-mail]