2012-10-09 15:05:24 -

Delta, British Columbia CANADA, October 09, 2012 /FSC/ - Deer Horn Metals Inc. ("Deer Horn")(DHM - TSX Venture,), has closed its previously announced non-brokered private placement. The private placement has been increased by $35,000 from the original announcement on August 29/2012. A total of 5,700,000 units of the corporation were subscribed. 3,040,000 flow thru units at a price of $0.05 per unit for gross proceeds of $152,000 and 2,660,000 non flow thru units for gross proceeds of $133,000. Each non flow thru Unit shall consist of one common Share and one share purchase warrant, each whole warrant entitling the holder thereof to purchase one additional common share at an exercise price of $0.10 for a period of 36 months from

the date of issuance. There are no warrants attached to the flow thru units. The proceeds of the financing will be used to advance the Deer Horn property.

The Corporation may pay a commission to certain introducing parties in respect of the Private Placement, subject to compliance with applicable securities legislation and TSX Venture policies. The Private Placement is subject to the approval of the TSX Venture Exchange Inc.


On behalf of the board of directors of
Deer Horn Metals Inc.
(signed) "Tyrone Docherty"
President and CEO


For further information please contact:

Primary ContactTyrone Docherty
President
Deer Horn Metals Inc.
(604) 952 7221
tyrone.doccap@dccnet.com

Forward Looking Information

Certain information regarding the Company set forth in this press release, including the use of proceeds, and management's assessment of the Company's future plans and operations contain forward looking information that involve substantial known and unknown risks and uncertainties. The forward looking information is subject to numerous risks and uncertainties, some of which are beyond the Company's and management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, imperfection of reserve estimates, environmental risks, industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. The Company's actual results, performance or achievement could differ materially from those expressed in or implied by, the forward looking information and accordingly, no assurance can be given that any of the events anticipated to occur or transpire form the forward looking information will provide any benefits to the Company.


"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."


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www.fscwire.com/pr/deerhornoct092012.htm



Source: Deer Horn Metals Inc. (TSX-V DHM)
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