Coronet Metals Inc. Enters Into Consulting Services Agreement With Doyle Investments Inc. and Grants Stock Options

Coronet Metals Inc. (TSX VENTURE:CRF) ("Coronet" or the "Company") announces
that it has engaged Doyle Investments Inc. ("Doyle") of Vancouver, British
Columbia, pursuant to which Doyle has agreed to provide guidance, marketing and
strategic capital markets advice to the Company. These services include building
relationships with financial professionals, institutional investors and media
contacts.


The initial term of the engagement is one year, commencing October 1, 2011. In
consideration for these services, the company has agreed to pay Doyle consulting
fees in the amount of $10,000 per month, plus reimbursement of certain expenses,
and will grant Doyle stock options to purchase 700,000 Coronet common shares
within 30 days of the commencement of the engagement at an exercise price equal
to the last trade price prior to the grant date. The options will be exercisable
for up to four years. Doyle provides consulting services to public companies,
and is at arm's length to the Company. The principal of Doyle is Paul Lathigee.
Mr. Lathigee has over 30 years' experience in public markets including serving
as an officer of Toronto Stock Exchange and AMEX listed mineral exploration
companies and providing a variety of investor relations services.


About Coronet:

Coronet Metals is a fully-funded junior gold exploration and development company
focused on "advanced stage" gold and silver projects in mining-friendly Latin
American jurisdictions. The proven management team has over 150 years'
collective regional development and production expertise, project funding
history, and public relations experience with governmental, non-governmental and
community groups. For further information, please visit the Company's website at
www.coronetmetals.com.


This news release contains certain forward-looking statements, and such
statements involve risks and uncertainties. The results or events predicted may
differ materially from actual results or events. Any forward-looking statement
speaks only as of the date of this news release. Except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to
update any forward-looking statement, whether as a result of new information,
future events or results, or any other occurrence.