AQM Reports 2010 Achievements and Announces Latest Zafranal Drill Results-Including 342 metres of 0.55% Cu-First NI 43-101 Compliant Resource to be Announced

-- AQM completes 74,000m of drilling in 2010

-- First NI 43-101 Compliant Resource for Zafranal project to be announced imminently

-- ZFDDH10-150 drills 125m of 0.86% copper and 0.07g/t gold

-- Step-out holes ZFDDH10-138 and 143 expands Main Zone mineralization to the South

VANCOUVER, BC - AQM Copper Inc.  (TSX-V:AQM) (BVLAC:AQM) ("AQM" or "the Company") is pleased to provide results for the remaining 24 diamond drill holes of its 2010 drilling campaign, in addition to a summary of the year's achievements. 

In 2010, AQM successfully expanded the Zafranal Main Zone to 2.8km by 600m and up to 500m thick including both the supergene blanket and primary mineralization zones; the Company also identified several satellite zones of significant copper mineralization within the 25,000 hectare Zafranal project. 

After a total of US$18.2M in project expenditures AQM fulfilled its 50% stake in the Joint Venture with Teck (who originally discovered Zafranal in 2003). Going forward, Teck and AQM will fund the project's ongoing development in proportion to their joint venture interests. 

AQM completed a total of 68,500m of RC and Diamond drilling on the Main Zone and will publish Zafranal's first NI 43-101 compliant resource estimate imminently. Drilling has systematically tested the Main Zone porphyry system over a 2.8km strike length, encountering both secondary and primary copper-gold mineralization over widths of up to 600m and thicknesses of up to 500m.

AQM also completed 5,500m of RC drilling on its Sicera Sur and Sicera Norte satellite prospects. Drilling in Sicera Norte encountered several intercepts with significant primary copper mineralization starting near surface. Subsequent detailed mapping identified a 2.8km x 1.4km alteration zone, which AQM intends to systematically drill test during 2011. These two targets are located 6km West and North West, respectively, from the Zafranal main zone.

Juan Villarzu, the Company's Chairman declared, "Few companies are capable of executing in one year a program such as the one AQM has performed in 2010 at Zafranal, and as a result of this effort, we will soon be announcing the first official report regarding the resources contained in the main zone of the project."

As for 2011, AQM as operator of the joint venture has proposed a $20M program to continue drilling to expand the Main Zone towards the east, undertake a scoping study on the project's development and drill test several other targets identified by company geologists, including systematic drill testing at Sicera Norte. Final approval of the 2011 program and budget by the joint venture is pending.

The year's remaining drill holes reported herein were aimed at extending the known mineralization of the Main Zone, in addition to infill drilling and furthering the understanding of the geological body by drilling East-West oriented holes. Drill holes ZFDDH10-134, 136, 138, 139, 141, 143, 145, 146, 148 and 153 were aimed at testing the southern limits of the Main Zone. Of particular significance were drill holes ZFDDH10-138 and 143 which intercepted thick supergene mineralization further south than previously identified. These assays confirm that the zone remains open to the South along their respective section.

Drill holes ZFDDH10-131, 132, 133, 142, 144 and 151 tested the northern extension of the Main Zone. All of these drill holes, except ZFDDH10-151, cut potentially economic copper mineralization at the northern edge of the Main Zone, and confirm AQM�s geological interpretation of an elongated east-west porphyry system controlled by regional-scale structural features.

Drill holes ZFDDH10-140, 147 and 152 were infill. Drill holes 135, 137, 149, 150 and 154 were drilled in an east-west orientation and were aimed at improving the geological knowledge in areas with a complex structural layout.

The Company has established a rigorous QA/QC program at Zafranal, which includes the insertion of blanks, duplicates and certified standards into the sample stream. Core is photographed on site and subsequently sawed in half, with one half sent for analysis and the other half stored for future reference and assay verification. RC chips are split twice on site using a riffle splitter, with 25% of the sample being sent to the laboratory for assay and the rest stored for future verification purposes. All Zafranal samples are shipped to ALS Chemex's sample preparation facility in the city of Arequipa, where they are crushed and pulverized. Prepared samples are shipped to ALS Chemex's certified laboratory in Lima where they are analysed for gold, copper and multi-element ICP.

Dr. Tom Henricksen, consultant geologist of the Company and Chief Geologist for AQM Peru, the Company's Qualified Person for the purposes of NI 43-101, has approved the information contained in this news release.

ON BEHALF OF THE BOARD OF DIRECTORS

Bruce Turner, President and CEO

ABOUT AQM: AQM Copper Inc.  (formerly Apoquindo Minerals) is a Canadian based mineral exploration company developing copper deposits in South America. Through its wholly owned Peruvian subsidiary, Minera AQM Peru SAC, the company is developing the Zafranal Copper-Gold Porphyry Project located in Southern Peru. Management and directors have extensive experience working for the world's largest mining Copper producers. Please refer to the Company's website  for further information regarding the Company and its projects.

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