Duluth Metals announces extension of exercise period for Class A Warrants to September 30, 2009



    TORONTO, Aug. 27 /CNW/ - Duluth Metals Limited ("Duluth Metals")(TSX:DM)
(TSX:DM.U) today announced that its Board of Directors has approved the
extension of the exercise period for its Class A Warrants from their scheduled
expiration date of September 30, 2008 to September 30, 2009, which amendment
becomes effective September 11, 2008. Each Class A Warrant entitles the holder
to purchase one common share in the capital of Duluth Metals at an exercise
price of CDN$1.10 per share. The current number of Duluth Metals' issued and
outstanding Class A Warrants is 3,610,496.

    About Duluth Metals

    Duluth Metals is committed to acquiring, exploring and developing copper,
nickel and platinum group metal (PGM) deposits. Duluth Metals' principal
property is the Nokomis Deposit located within the rapidly emerging Duluth
Complex mining camp in northeastern Minnesota. The Duluth Complex hosts one of
the world's largest un-developed repositories of copper, nickel and PGMs,
including the world's third largest accumulation of nickel sulphides, and one
of the world's largest accumulations of polymetallic copper and platinum group
metals.

    This document may contain forward-looking statements (including
"forward-looking statements" within the meaning of the US Private Securities
Litigation Reform Act of 1995) relating to Duluth Metals' operations or to the
environment in which it operates. Such statements are based on operations,
estimates, forecasts and projections. They are not guarantees of future
performance and involve risks and uncertainties that are difficult to predict
and may be beyond Duluth Metals' control. A number of important factors could
cause actual outcomes and results to differ materially from those expressed in
forward-looking statements, including those set forth in other public filings.
In addition, such statements relate to the date on which they are made.
Consequently, undue reliance should not be placed on such forward-looking
statements. Duluth Metals disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise, save and except as may be required by applicable
securities laws.





For further information:

For further information: Mara Strazdins, Director of Corporate
Communications, at mstrazdins@duluthmetals.com or at (416) 369-1500 or Henry
Sandri, President and CEO, at hsandri@duluthmetals.com; U.S. corporate office:
telephone (651) 389-9990, Web Page: www.duluthmetals.com

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Duluth Metals Limited

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