Coronet Metals Inc. Grants Stock Options

Coronet Metals Inc. (the "Company") (TSX
VENTURE:CRF)(OTCQX:CORMF)(FRANKFURT:2CM) advises that it has granted incentive
stock options to certain directors, officers and consultants of the Company,
entitling them to purchase up to 5,559,833 common shares of the capital stock in
the Company at a price of $0.10 per share for the next four years. 


The above is subject to regulatory approval.

About Coronet Metals Inc.

Coronet Metals Inc. is well-funded and positioned to build a substantial junior
gold mining and exploration enterprise by acquiring advanced, near production
assets in the Americas. The proven management team has extensive experience in
all aspects of the development and financing of resource projects in Latin and
North America. 


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.