Mr. Andre St-Michel reports

CYPRIUM MINING CORPORATION ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Cyprium Mining Corp. has completed the second and final closing of its previously announced private placement and has issued 557,100 units at a price of 14 cents per unit for gross proceeds of $77,994. Each unit is composed of one common share in the capital of the corporation and one share purchase warrant of the corporation. Each warrant is exercisable into one common share at an exercise price of 28 cents expiring on Sept. 18, 2016. In total, pursuant to the offering, the corporation issued 5,440,171 units for gross proceeds of $761,623.93.

In connection with the second closing of the offering, Cyprium paid $1,680 in commissions and issued 12,000 non-transferable warrants to purchase units to arm's-length eligible third parties. Each broker warrant entitles the holder to purchase one unit at 14 cents per unit for a period of 18 months from the closing of the offering. Pursuant to applicable securities laws, the broker warrants and the securities underlying the broker warrants issued pursuant to the second closing will be subject to a four-month hold period expiring on Jan. 19, 2015. In total, pursuant to the offering, the corporation paid $24,532 in commissions and issued 175,229 broker warrants.

The net proceeds made available through the sale of the units will be used by the corporation to pay for the costs of the offering and the development of the corporation's Las Cristinas mining project in Mexico, including the drilling program described in the corporation's June 19, 2014, news release, and for working capital and general corporate purposes.

The offering is subject to the final approval of the TSX Venture Exchange. Pursuant to applicable securities laws, all securities issued pursuant to the second closing of the offering are subject to a statutory hold period of four months following the closing of the offering expiring on Jan. 19, 2015.

We seek Safe Harbor.