Coronation announces the grant of stock options

    TORONTO, May 11 /CNW/ - Coronation Minerals Inc. (TSX-V: CMV) (the
"Company") announces that it has granted effective May 11, 2009 an aggregate
of 3,950,000 options to management, directors and consultants of the Company
with such options being exercisable until May 11, 2012 at an exercise price of
$0.10. The options vest as 25% immediately and 25% after 6, 12 and 18 months
from date of grant.

    Coronation Minerals Inc. is a Canadian based exploration and development
company. The Company presently controls and holds the Coppermine River
Project, Nunavut Territory and the Rory Claims, Yukon Territory. Both of these
projects are described as Copper-Nickel-Platinum-Palladium prospects.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for this release

    %SEDAR: 00008455E

For further information:

For further information: Coronation Minerals Inc., Suite 1205, 141
Adelaide Street West, Toronto, Ontario, M5H 3L5, Attn: John Patrick Sheridan,
Tel: (416) 628-5936, Fax: (416) 628-6835, E-mail:

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