CARL RENZONI JOINS COPPER MOUNTAIN
BOARD
Vancouver, B.C., March
18, 2008 – Copper Mountain Mining Corporation
(“CMMC” or the “Company) announces that Carl L. Renzoni has agreed to
join the Board of Directors effective immediately, subject to the approval of
the TSX Venture Exchange.
Mr. Renzoni is a retired investment
banker who worked at BMO Nesbitt Burns Inc. from June 1969 and more recently as
a Managing Director up until his retirement in November 2001. Mr. Renzoni brings over 30 years of experience in the securities
business specializing in the mining industry and has extensive knowledge
of all aspects of corporate finance including mergers and acquisitions.� Mr. Renzoni was a director of: Meridian Gold
Inc until its takeover by Yamana Gold Inc in October 2007 and was a Director of
Peru Copper until its takeover by the Aluminum Corporation of China for $840
million in June 2007.� Mr. Renzoni is a
Director of Yamana Gold Inc since October 2007 and a Director of International
Molybdenum since May 2005.� Mr. Renzoni
received an Honours Bachelor of Science degree in Geology from Queen's
University in Kingston, Ontario in 1963. Mr. Renzoni is a citizen and resident
of Canada.
Jim O’Rourke, President
and CEO, stated, “We are extremely pleased to have Mr. Renzoni join our
Board which will greatly strengthen our financial capabilities.� With Mr. Renzoni’s extensive knowledge
of the Canadian and international financial markets, this will be invaluable as
the Company moves forward with financing and reopening this past producer.� Mr. O’Rourke stated further that
“Copper Mountain is forging ahead
with its aggressive exploration and development plans for the coming year and
Mr. Renzoni’s is a welcome addition to the team.”.
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 the 18,000 acre
Copper Mountain Project, located 15 km south of the town of Princeton in
southern British Columbia.� The developed
infrastructure, substantial resource, and extensive historical data base
provides an exceptional project.� Copper
Mountain Mining Corporation has the goal of developing the Copper Mountain
Project as a major copper and precious metal producer within the next three
years.� Completion of the Feasibility Study is expected early in the second
quarter, with a production decision to follow shortly thereafter.� The design criteria in the current
Feasibility Study is for a 35,000 ton/day operation which would produce
approximately 100 million pounds of copper, 38,000 ounces of gold and 800,000
ounces of silver annually at a life-of-mine operating cost of US $1 per pound
copper (net of gold and silver credits).�
Continued exploration success would allow for subsequent project
expansions as the project grows. Copper Mountain Mining Corporation’s shares
trade on the TSX Venture Exchange under the symbol CUM.� 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
Director and Chief Financial
Officer
For further
information, please contact:
Don Graham Director Investor Relations 604 682 2992 ext. 224
Email: don@CuMtn.com
Website: www.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
