Mr. Dale Corman reports

WESTERN COPPER ANNOUNCES SHAREHOLDER AND COURT APPROVAL OF ARRANGEMENT

The Supreme Court of British Columbia has granted the final order approving previously announced plan of arrangement under the Business Corporations Act (British Columbia), under which Western Copper Corp. will spin out its Carmacks project in the Yukon Territory and its Redstone project in the Northwest Territories indirectly to Copper North Mining Corp., spin out its Island copper project in British Columbia indirectly to NorthIsle Copper and Gold Inc., and rename Western Copper as Western Copper and Gold Corp. The plan of arrangement is expected to be completed after the close of markets on Oct. 17, 2011.

Western Copper anticipates that common shares of new Western Copper will commence trading on the Toronto Stock Exchange a few days after Oct. 17, 2011. Advance notice of the commencement of such trading will be provided by press release.

Application has also been made to list the common shares of Copper North and the common shares of NorthIsle on the TSX Venture Exchange. Such listings are subject to compliance with all of the TSX Venture Exchange requirements, including receipt by the TSX Venture Exchange of all required documentation.

Entitlement to spinout shares

• For shareholders trading on the Toronto Stock Exchange, new Western Copper shares will not trade on the TSX until a few days after the effective time on Oct. 17, 2011. Common shares of Western Copper will continue to trade on the TSX as existing Western Copper shares with an entitlement to new Western Copper shares, Copper North shares and NorthIsle shares until new Western Copper shares begin trading on the TSX, despite the fact that the effective time for the implementation of the plan of arrangement will have occurred on Oct. 17, 2011. To receive new Western Copper shares, Copper North shares and NorthIsle shares, an investor must execute a trade to purchase existing Western Copper shares on the TSX before the new Western Copper shares commence trading on the TSX.
• For shareholders trading on the NYSE Amex, it is expected that common shares of new Western Copper will commence trading on the NYSE Amex at the market opening on Oct. 18, 2011. Common shares of Western Copper will trade on the NYSE Amex as existing Western Copper shares with an entitlement to new Western Copper shares, Copper North shares and NorthIsle shares until the close of trading on Oct. 17, 2011. To receive new Western Copper shares, Copper North shares and NorthIsle shares, an investor must execute a trade to purchase existing Western Copper shares on the NYSE Amex before the close of trading on Oct. 17, 2011.

Exchange of existing Western Copper shares

If your current Western Copper common shares (Cusip No. 95805Y102) are held through your broker, your broker or the depositary with which your broker holds such shares will be responsible for dealing with the exchange of existing Western Copper shares for new Western Copper shares (Cusip No. 95805V108) and the distribution of Copper North shares (Cusip No. 21751R107) and NorthIsle shares (Cusip No. 66644R103) on your behalf.

Western Copper will be mailing letters of transmittal to all eligible registered shareholders. To receive certificates representing new Western Copper shares, Copper North shares and NorthIsle shares, registered shareholders must surrender their certificates for existing Western Copper shares, together with a duly completed letter of transmittal, to Computershare Investor Services Inc. at the address shown on the letter of transmittal. Upon surrender to the depositary for cancellation of a certificate representing existing Western Copper shares, together with a properly executed letter of transmittal, the holder of such surrendered certificate will be entitled to receive, and the depositary will deliver to such holder, certificates representing that number (rounded to the nearest whole number) of new Western Copper shares, Copper North shares and NorthIsle shares that such holder has the right to receive pursuant to the plan of arrangement, and the surrendered certificate will be cancelled.

We seek Safe Harbor.