ON BEHALF OF THE BOARD OF DIRECTORS Signed “Peter Bryant” Peter Bryant, Chief Financial Officer

CONFEDERATION MINERALS LTD.

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

April 16, 2010 TSX Symbol: CFM

PRESS RELEASE

Financing

Confederation Minerals Ltd. (the “Company”) is pleased to announce an increase in the financing arrangements announced on February 17, 2010, from 334,000 units to 1,684,000 units to raise up to $252,600 at $0.15 per unit. Each unit will consist of one common share and one warrant exercisable at a price of $0.25 for two years from closing. The proceeds of the private placement will be used for general working capital. A finder’s fee may be payable in accordance with the rules and polices of the TSX Venture Exchange. The terms of the financing and finder’s fee are subject to regulatory approval.

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.