Confederation Minerals Ltd. provides update on its ongoing drilling program at Newman Todd Gold Project. Highlights include: Gold mineralization intersected at 832 meters true depth below surface; Goldhosting Newman Todd structure exhibits true width of 100 meters at 932 meters true depth; Potential volume of goldhosting Newman Todd structure significantly increased; New drill program underway which will focus on determining shape and continuity of mineralized zones, selected for gold content and a size conducive to mining, and to test continuity both to depth and towards surface. Drill hole NT129, was drilled contrary in direction to the majority of previous holes, that is from the hanging wall towards the footwall of the NTS, and was completed to a drilled depth of 1,024 meters, or 982 meters true depth below surface.

The hole entered the host rock, a carbonate breccia which can reach hundreds of meters wide at surface, at a depth of 787 meters below surface and exited the unit at 932 meters below surface. Thus the Newman Todd structure maintains its substantial width, along with its strongly altered character, and therefore its potential to continue hosting gold mineralization, for nearly 1 kilometer below surface. The structure remains open to depth.

At 832 meters true depth the hole intersected 7.89 grams per ton (g/t) gold over 2.0 meters, including 1.0 meters grading 10.60 g/t gold, and including three other one meter intersections grading between 4.06 and 8.01 g/t gold. Therefore, hole NT129 has also shown that the gold mineralizing processes were operative to a depth of at least 832 meters below the surface, and approximately 500 meters below the majority of the drill intersections obtained to date. Several distinctive zones have been identified within the NewmanTodd structure and this detailed drill definition will be used to model the many other zones identified to date.

These zones are characterized by elevated quantities of pyrite, pyrrhotite, magnetite and gold. Certain of these zones can be identified over strike lengths in excess of 100 meters and widths in excess of 5 meters. These zones appear to dip northeast within the subvertically dipping NewmanTodd structure and can be identified, where drill information allows, over diplengths in excess of 25 meters, and remaining open to depth and along strike.

One objective of the winter drill program is to test the dip and strike extensions of selected zones to determine the extent to which individual mineralized zones exhibit continuity. Recent interpretations based on over 130 drill holes are now indicating alongstrike continuity measuring in the hundreds of meters, open to the east and west. These observations, combined with the deep intersection discussed above, provide for a large volume of potentially goldhosting structure within the Newman Todd property.

In compilation the significant amount of drill data generated to date will provide important information with which to model the mineralization towards a preliminary resource calculation to accompany the Preliminary Economic Analysis (PEA) scheduled to be undertaken later in 2013.