Confederation Closes Private Placement

CONFEDERATION MINERALS LTD.

Unit C - 12343 104 Avenue, Surrey, BC, V3V 3H2 Phone: 604 580 9402 Fax: 604 588 2211

June 3, 2010 TSX Symbol: CFM

PRESS RELEASE

CONFEDERATION CLOSES PRIVATE PLACEMENT

Confederation Minerals Ltd. (TSX-V: CFM) is pleased to announce that the TSX Venture Exchange has accepted for filing documentation with respect its previously announced Non-Brokered Private Placements. The financing consists of 1,684,666 units (the “Units”) at a price of $0.15 per Unit for gross proceeds of $252,669.90. Each Unit consists of one common share and one warrant entitling the holder to acquire an additional common share of the Company for a period of two years at $0.25. The securities have now been issued having a hold period expiring October 2, 2010. The proceeds of the financing will be used for general working capital.

Confederation Minerals is an active junior exploration company with a focus on Potassium and Gold exploration targets.

ON BEHALF OF THE BOARD OF DIRECTORS

Signed “Peter Bryant”

Peter Bryant, Chief Financial Officer

Neither 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." This release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.