Coronation Announces the Grant of Stock Options

Coronation Minerals Inc. (TSX VENTURE: CMV) (the "Company") announces that it has granted effective June 24, 2008 an aggregate of 3,900,000 options to directors and consultants of the Company with such options being exercisable until June 24, 2013 at an exercise price of $0.25.

Coronation Minerals Inc. is a Canadian based exploration and development company. The Company presently controls and holds both the Wellgreen Property, Yukon Territory and the Coppermine River Project, Nunavut 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.

Contacts: Coronation Minerals Inc. John Patrick Sheridan (416) 628-5936 (416) 628-6835 (FAX) Email: info@coronationminerals.com Coronation Minerals Inc. Suite 1205 141 Adelaide Street West Toronto, Ontario M5H 3L5