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NEWS RELEASE

Twin Mining Completes Second Tranche of Private Placement Financing

Toronto, Ontario - Twin Mining Corporation (TSX: TWG) announced that it has completed a further tranche of its previously announced (September 13, 2006) private placement offering of common shares at $0.115 per share. Twin Mining issued 1,304,348 shares on the second tranche for gross proceeds of $150,000, bringing the total gross proceeds received on the placement to $4,441,000. Twin Mining will use the net proceeds from the offering to advance its Atlanta Gold project located in Idaho, U.S.A. and for working capital purposes.

 Fort House Inc. acted as Twin Mining’s sole agent on the offering and received a cash commission equal to 5% of gross proceeds and compensation options equal to 4% of the number of shares sold, with each option entitling the holder to purchase one common share at $0.13 per share for a period of 12 months. 

* Twin Mining's 43-101 on the Jackson Inlet Project (Brodeur Diamond Project), Nunavut and other public
documents are available at www.sedar.com or at the Company's website : www.twinmining.com