Polymet Mining Corp (PLM)

[Robert H]

BUYINS.NET Issues PolyMet Mining SqueezeTrigger Report

• Approximately 86.5 Million Shares Shorted Since August 2009

• Short Squeeze Expected To Begin Above $2.21 SqueezeTrigger

NEWPORT BEACH, Calif., April 19, 2012 (GLOBE NEWSWIRE) -- BUYINS.NET, http://www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has initiated coverage on PolyMet Mining Company (AMEX:PLM - News) after releasing the latest short sale data through April 17, 2012.

The total aggregate number of shares shorted since August 2009 is approximately 86.5 million shares. Approximately 31.85% of daily trading volume is short selling. The SqueezeTrigger price for all PLM (TSX:POM.TO) shares shorted is $2.21. A short squeeze is expected to begin when PLM closes above its $2.21 SqueezeTrigger Price.

OVERVIEW OF PLM SHORT SALE DATA

After careful analysis of PLM short sale, naked short sale and market maker friction factor data it is clear that PLM has had issues with short sellers who have continued to short the stock.

Short sellers have recently been building a sizable position in
shares of PLM and market makers have made a slightly bearish
market lately. New evidence of daily short sellers shorting shares
of PLM has now come to light as the SEC has finally given Buyins.net access to DAILY short sale data which is updated every night.

Protecting PLM from abusive shorting is a high priority.