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CORONET METALS INC. ("CRF")
[formerly:  Coronet Metals Inc. ("CRF.H")]
BULLETIN TYPE:  Graduation from NEX to TSX Venture, Symbol Change,Property-Asset or Share Purchase Agreement, Private Placement -Non-Brokered
BULLETIN DATE:  June 6, 2011
NEX Company

Coronet Metals Inc. (the "Company") has met the requirements to belisted as a TSX Venture Tier 2 Company.  Therefore, effective onopening Tuesday, June 7, 2011, the Company's listing willtransfer from NEX to TSX Venture, theCompany's Tier classification will change from NEX to Tier 2 and theFiling and Service Office will change from NEX to Vancouver.

Effective at the opening Tuesday, June 7, 2011 the tradingsymbol for the Company will change from CRF.H to CRF.

Capitalization:  Escrow:

Unlimited  82,766,531  Nil

shares with no par value of which shares are issued and outstanding

Acquisition of 100% equity interest in Golden Eagle Resources PeruSAC:

TSX Venture Exchange Inc. has accepted for filing documentation inconnection with a share purchase agreement among the Company, LatinGold Limited and Westmag Resources Limited ("Westmag") the Company willacquire a 100% of the issued and outstanding shares of Golden EagleResources Peru SAC ("Golden Eagle") which is a wholly-owned subsidiaryof Westmag which, in turn, is a wholly-owned subsidiary of Latin GoldLimited.  Golden Eagle holds a 100% interest in the Paron Gold Project(the "Property") located in Peru.

The consideration is:

1. cash payment of US$4,750,000 on closing;
   
2. entering into a gross royalty agreement providing Westmag a 1.0% royalty on all production in excess of 200,000 ounces of gold on the Property;
   
3. a cash payment of US$1,500,000 on the 5^th day following commencement of construction on the Property and if there are Measured, Indicated or Inferred Resources of certain amounts an additional US$1,000,000 (for an aggregate of US$2,500,000);
   
4. cash payments of US$2,000,000 on the 5th day following each of the first and second anniversaries of the initial gold pour from the Property; and
   
5. on the 5^th day following definition of an Inferred Mineral Resource of 250,000 ounces of gold the issuance of shares equal to US$2,500,000 at the greater of the volume weighted-average price of the common shares of the Company for the 20 trading days ending on the day prior to the issuance of the shares and the concurrent financing price (8,333,333 shares).

Additionally, under a purchase agreement among the Company, Westmag andLatin Gold Limited the Company will acquire a technical databaseregarding mineral and precious metal projects, exploration fields andbrown fields located in South America in consideration of $2,750,000payable by:

1. a cash payment of US$1,750,000 on closing; and
   
2. the issuance of shares by the Company equal to US$1,000,000 at not less than the concurrent financing price (3,261,183 shares)

Private Placement -Non-Brokered:

TSX Venture Exchange has accepted for filing documentation with respectto a Non-Brokered Private Placement announced March 29, 2011:

Number of Shares:						36,172,010 shares
Purchase Price:						.30 per share
Warrants:						18,086,009 share purchase warrants to purchase 18,086,009 shares
Warrant Exercise Price:						.50 for a twenty-four month period
Number of Placees:						126 placees
Insider / Pro Group Participation:
Name						Insider=Y / ProGroup=P /			# of Shares
Shenul Dhalla  Alnoor Versi  Gary Black   Mark McGinnis  Thomas W. Seltzer  Anne McGinnis  Court Moore  0775024 BC Ltd (Peter Ross)  Shaun Chin  Azim Dhalla  David Lyall  Lyall Family Trust						P  P  P  P  P  P  P  P  P  P  P  P			100,000 100,000 25,000 100,000 150,000 100,000 60,000 100,000 50,000 50,000 1,000,000 100,000
Finders' Fees:						Canaccord Genuity Corp. will receive a finder's fee of $40,920 and 136,000 warrants having the same terms as the warrants issued under the private placement except that they are non-transferable and do not accelerate.
						Haywood Securities Inc. will receive a finder's fee of $98,640 and 328,000 warrants having the same terms as the warrants issued under the private placement except that they are non-transferable and do not accelerate.
						Dr. Georg Hochwimmer will receive a finder's fee of $15,600 and 52,000 warrants having the same terms as the warrants issued under the private placement except that they are non-transferable and do not accelerate.
						Katherine MacDonald will receive a finder's fee of $36,720 and 122,400 warrants having the same terms as the warrants issued under the private placement except that they are non-transferable and do not accelerate.
						Leede Financial Markets Inc. will receive a finder's fee of $22,368 and 74,560 warrants having the same terms as the warrants issued under the private placement except that they are non-transferable and do not accelerate.
						LW Securities, Ltd. will receive a finder's fee of $80,000 and 266,667 warrants having the same terms as the warrants issued under the private placement except that they are non-transferable and do not accelerate.
						PI Financial will receive a finder's fee of $2,400 and 8,000 warrants having the same terms as the warrants issued under the private placement except that they are non-transferable and do not accelerate.
						Raymond James Ltd. will receive a finder's fee of $8,000.02 and 26,666 warrants having the same terms as the warrants issued under the private placement except that they are non-transferable and do not accelerate.
						Shoreline Pacific will receive a finder's fee of $16,080 and 53,600 warrants having the same terms as the warrants issued under the private placement except that they are non-transferable and do not accelerate.
						Union Securities Ltd. will receive a finder's fee of $25,200 and 84,000 warrants having the same terms as the warrants issued under the private placement except that they are non-transferable and do not accelerate.
						Byron Van Berckel will receive a finder's fee of $7,200 and 24,000 warrants having the same terms as the warrants issued under the private placement except that they are non-transferable and do not accelerate.
						Verdmont Capital will receive a finder's fee of $61,500 and 204,000 warrants having the same terms as the warrants issued under the private placement except that they are non-transferable and do not accelerate.