Totem Minerals Inc. - News Release



    VANCOUVER, Sept. 17 /CNW/ - The Company is pleased to announce that it
has completed its initial public offering of common shares through its agent,
Canaccord Capital Corporation ("Canaccord") on September 16, 2008. The Company
issued 3,000,000 common shares and 1,000,000 flow through shares for gross
proceeds of $1,000,000. In consideration for services provided in connection
with the offering, Canaccord and its sub-agent received a cash commission
equal to 10% of the gross proceeds of the offering, an administration fee, a
corporate fee of 50,000 common shares and 400,000 agent's warrants to purchase
common shares of the Company for a period of 12 months at a price of $0.25 per
common share.
    The common shares of the Company will be posted for trading on Tier 2 of
the TSX Venture Exchange under the symbol TTM on September 18, 2008.

    
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of the content of this news release.
    




For further information:

For further information: Antony Claydon, President, CEO and Director, at
Suite 817 - 938 Howe Street, Vancouver, BC, V6Z 1N9, telephone: (604)
684-9333

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TOTEM MINERALS INC.

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