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Copper Mountain Mining Corporation
Suite 550,
800 West Pender Street
Vancouver, BC V6C 2V6
Telephone: (604) 682-2992
Facsimile: (604) 681-5910
Web Site:www.CuMtn.com
TSX.V: CUM
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Copper Mountain Closes An Additional $2.2 Million Private
Placement
Vancouver, B.C., December 17,
2007 – Copper Mountain Mining Corporation
(“CMMC” or the “Company”) announce that further to the
Company’s news release dated December 5, 2007 it has closed an additional
non-brokered private placement raising gross proceeds of $2.2 million by the
issuance of an aggregate of 881,000 common shares in the capital of the Company,
issued on a flow-through basis under the Income Tax Act (Canada), at a purchase
price of $2.50 per share.� The additional
financing brings the total recent funding to $5.2 million at a purchase price
of $2.50 per share.� The Company intends
to use the proceeds of the private placements for further exploration drilling
at the Company’s Copper Mountain Project in Princeton, British Columbia.� The Company currently has four drills
operating and is continuing with its aggressive exploration program to expand
and upgrade existing resources and to test the recently identified geophysical
targets.
In accordance with applicable securities laws, all securities issued in
connection with this additional private placement are subject to a hold period
which expires on April 17, 2008 and the Company paid a finder’s fee of 5%
cash or $75,870 on 607,000 shares issued under today’s announcement.
About Copper Mountain Mining Corporation
CMMC is a new public BC
resource company managed by an experienced team of professionals with a solid
track record of exploration and development success.� The Company owns 100% of Copper Mountain
Project which holds the mineral claims and crown grants over the 18,000 acre mine
site.� Copper Mountain Mining Corp. has
the goal of developing the Copper Mountain Project into a major copper and
precious metal producer within the next three years.� Additional information is available on
the Company’s web page at www.CuMtn.com. �
On behalf of the Board of
COPPER
MOUNTAIN MINING CORPORATION
�“Rod Shier”
Rod Shier
Chief Financial Officer
For further information, please contact:
Don Graham Director Investor Relations 604 682 2992 ext. 224
Email: don@CuMtn.com
or B&D Capital 604-685-6465
Note:� This release contains forward-looking
statements that involve risks and uncertainties.� These statements may differ materially from
actual future events or results.� Readers
are referred to the documents, filed by the Company on SEDAR at www.sedar.com,
specifically the most recent reports which identify important risk factors that
could cause actual results to differ from those contained in the
forward-looking statements.� The Company
undertakes no obligation to review or confirm analysts’ expectations or
estimates or to release publicly any revisions to any forward-looking statement.