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      Global Copper Provides Deemed Dividend Information To
      Shareholders
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August 12, 2008 -- Vancouver, British Columbia - Global Copper Corp.
wishes to advise that in connection with the exchange completed on
August 1, 2008 of the Global Class B Shares for Global Class A Shares
and Lumina Shares, Global has determined that the fair market value of
each Lumina Share distributed on the exchange was equal to $1.4980.
Further, Global has determined that the paid-up capital of each Global
Class B Share was equal to $1.4088. Accordingly, on the exchange Global
was deemed to have paid a dividend on each Global Class B share equal
to $0.0892.

Global has designated the dividend that was deemed to arise on the
exchange of the Global Class B Shares for Global Class A Shares and
Lumina Shares to be an eligible dividend for purposes of the Income Tax
Act (Canada).

You may find this information useful for tax purposes.

These tax consequences are explained in greater detail in the
Management Information Circular of Global dated June 17, 2008. All
capitalized terms used herein have the meanings given to them in the
Management Information Circular.

For further information, please contact:

Greg Waller
Vice President, Investor Relations & Strategic Analysis
Teck Cominco Limited
(604) 685-3005
greg.waller@teckcominco.com

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Copyright (c) 2008 GLOBAL COPPER CORP. (GLQ)  All rights reserved.  For
more information visit our website at http://www.globalcoppercorp.com/
or send mailto:info@globalcoppercorp.com
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