Mr. Jim O'Rourke reports

COPPER MOUNTAIN ANNOUNCES PRODUCTION RESULTS FOR 2015

Copper Mountain Mining Corp. has released production results for the year ended Dec. 31, 2015, from the Copper Mountain mine located in Southern British Columbia.

In 2015, the mine produced 77.6 million pounds of copper, 29,000 ounces of gold and 276,000 ounces of silver. The mill averaged 91.8-per-cent operating time for the year and a total of 12.8 million tonnes of ore was milled at an average grade of 0.335 per cent copper. Production in the fourth quarter totalled 19.4 million pounds of copper, 7,300 ounces of gold and 60,000 ounces of silver.

Copper production totalled 77.6 million pounds (95.6 million pounds of copper-equivalent) for the 2015 year and was on track within 5 per cent of the company's guidance of 80 million pounds of copper. Copper grade for the year was 0.335 per cent Cu, slightly above guidance despite the company being delayed in receiving the permit amendment to mine the higher-grade Virginia pit. Mining in the Virginia area is now under way and ore from this pit is being delivered to the mill. Mill operating time improved during the year and by year-end the mill had averaged a 91.8-per-cent operating time, compared with the 89.4 per cent averaged during 2014. The original mill design of 35,000 tonnes per day was exceeded by 7 per cent during the third quarter when the mill achieved an average throughput rate of 37,400 tpd, but during the fourth quarter the company had some planned and unplanned downtime that reduced the years average to 35,083 tpd.

Jim O'Rourke, president and chief executive officer of Copper Mountain, said: "The mine team have again achieved an outstanding safety performance in 2015 as well as achieving increases in mill throughput above the design capacity while continuing to reduce operating costs. Further increases in mill throughput and continued cost reductions are our key targets for 2016."

During the 2015 year, mining activities continued from both the pit 2 and pit 3 areas averaging approximately 158,000 tonnes per day. A total of 57.7 million tonnes of material was mined, including 22.5 million tonnes of ore and 35.2 million tonnes of waste, resulting in a strip ratio of 1 to 1.56.

The company is also announcing its production guidance for 2016. Copper production is expected to be in the range of 80 million pounds plus or minus 5 per cent, based on a mill throughput rate of 37,500 tpd and a mill feed grade of 0.33 per cent Cu, in 2016. The planned mining rate is 174,000 tonnes per day for the year. The 2016 mine plan calls for the pit 3, stage 3 pushback to continue with the majority of ore to come from pit 2 area and the Virginia pit.

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