NEWS
RELEASE
February, 29 2008 Release
01-2008
YESAB
RESPONDS TO PUBLIC COMMENTS ON THE CARMACKS COPPER PROJECT
Western Copper Corporation (the
“Company”) announces that the Yukon Environmental and
Socio-economic Assessment Board (YESAB) requires further clarification from the
Company in order to complete the final Screening Report and Recommendation on
the Carmacks Copper Project.
YESAB issued the draft Screening
Report for public comment on December 17, 2007 and requested that comments be
submitted by February 6, 2008.
Following its review of public
comments, YESAB has determined that further clarification is required from the
Company and issued a Supplementary Information Request on February 27, 2008.
Western Copper expects to submit
the additional information to YESAB within the next month, subject to receipt
from YESAB of the technical details supporting this Supplementary Information
Request.
Based on discussions with YESAB,
the Company believes that production of the final Screening Report will take
approximately two months following the submission of the additional
information.
Western Copper has updated the
Carmacks Copper Project development schedule to reflect to the new permitting
timeframe. Due to the permitting delay, the Company expects that at best only a
limited amount of construction could now take place in 2008 and that copper
production will commence in the second half of 2010.
On behalf of the board,
“Dale
Corman”
F. Dale
Corman
C.E.O. and Co-Chairman
This press release
includes certain "Forward-Looking Statements" within the meaning of
section 21E of the United
States Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical fact, included
herein, including without limitation, statements regarding potential
mineralization and reserves, exploration rsults and future plans and objectives
of Western Copper Corp. are forward-looking statements that involve various
risks and uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could differ materially
from those anticipated in such statements.
Cautionary
Note to U.S.
Investors:
The United States Securities and Exchange Commission
permits U.S.
mining companies, in their filings with the SEC, to disclose only those mineral
deposits that a company can economically and legally extract or produce.
We use certain terms on this news release, such as “measured,”
“indicated,” and “inferred” “resources,”
that the SEC guidelines strictly prohibit U.S. registered companies from
including in their filings with the SEC. U.S. investors are urged to
consider closely the disclosure in Western’s Form 20-F, File No.
000-52231, which may be secured from the Company, or from the SEC’s
website at http://www.sec.gov/edgar.shtml.
Contact
Chiara Orrigoni Dale
Corman
Investor Relations & Corporate Communications Chairman
& Chief Executive Officer
Phone: 604.684.9497 Phone:
604.684.9497
Email: info@westerncoppercorp.com Email:
info@westerncoppercorp.com
----------------------------------------------------------------------
Chiara Orrigoni
Investor Relations and Corporate Communications
Western Copper
Corporation
P 604.638.2496
F 604.669.2926
E corrigoni@westerncoppercorp.com
www.westerncoppercorp.com