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PolyMet Mining Corporation


There are three differentiating attributes of PolyMet Mining Corporation.  Firstly, its 100%-owned NorthMet deposit in northern Minnesota is one of the largest undeveloped non-ferrous metals ore bodies in the world.  Secondly, the project has been transformed through the acquisition of a world-class crushing and milling facility for a fraction of the cost of building a new plant.  Finally, this mix is combined with an excellent, highly experienced management team that has substantial ownership of the Company.

We believe that this combination alone would be sufficiently powerful to make PolyMet highly attractive.  In addition, with a US-based asset, PolyMet is exceptionally well positioned to benefit from secular strength in metals markets, driven by global economic growth and dollar weakness.

Please note that in November 2005 Mr. Douglas Newby, President of Proteus Capital Corp., was appointed Chief Financial Officer of PolyMet Mining Corp.


Company Website


Proteus Information Memoranda


September: Initial Report



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For further information, contact:

Douglas J. Newby


Proteus Capital Corp.

120 Broadway, Suite 1010

New York, NY 10271

Tel:                  (646) 879-5970

Fax:                 (646) 365-3230





Last modified: January 3, 2007