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Press
Release 08-04
March 31, 2008 � Abbotsford,
British Columbia, Canada � ICS Copper Systems Ltd (The company or ICS), (ICX:TSX.V) is pleased to announce that it has signed a Joint Venture Agreement
with Cooperative Miniere Maadini
Kwa Kilimo (hereinafter
referred to as �CCMK�) to develop the �Karukuruku�
concession located in the area of Kipushi, Haut
Katanga, in the Province of Katanga, DRC better described as Arrete Ministeriel No. 383
CAB.MIN/MINES/01/04 OF 19/06/04.
Under the agreement ICS will earn
a 70% equity position in a joint venture company to be called ICS Kipushi sprl by paying
$80,000 to CCMK as follows:
a)
$10,000 against signature of the contract.
b)
$50,000 within 21 days of signature of the contract to allow CCMK to obtain a
P.R. (Permis de Researche)
over the property.
c)
$20,000 once it is confirmed that a Permis de Researche has been
obtained over the �Karukuruku� concession.
ICS will have the option to
increase their equity position from 75% to 90% in
the joint venture company at a future time and date still to be
determined.
Mr. Graham Chisholm, President
& CEO comments, � This adds to our
portfolio of exploration properties in the DRC which we intend to develop in
the future with the assistance of a well funded Joint Venture partner.�
ICS COPPER SYSTEMS LTD.
Signed �Graham
Chisholm�
Graham
Chisholm, President & CEO
This release includes certain statements that are
�forward-looking statements�. All statements in this release, other than
statements of historical facts that address future exploration, development
and production activities, and other circumstances, events and developments
that the Company expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees of future
performance, and actual results, events and developments may differ
materially from those in the forward-looking statements. The occurrence of
certain risk factors, the probability of which is unknown, may also affect actual
results, events and developments expected by the Company.
The TSX Venture Exchange has not reviewed and does
not accept responsibility for the adequacy or accuracy of this release.
For Further information
contact:
Graham Chisholm,
President � (604) 859-3007 � Email: graham@icscopper.com
Brett Whitelaw,
Vice-President of Public Relations � (778) 836-5891 � Email: brett_whitelaw@telus.net
www.icscopper.com
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