Mr. Brian Howlett reports

COPPER ROAD SIGNS FOUR SEPARATE OPTION AGREEMENTS CONSOLIDATING THE BEN NEVIS VOLCANIC COMPLEX INTO A SINGLE CLAIM GROUP

Copper Road Resources Inc. has signed a non-binding letter of intent (LOI) to option 174 cell claims (within 495 provincial grid cells) with a spatial exploration extent of approximately 10,232 hectares, including 13 contiguous mining rights only patents for an additional 210 hectares to the operational project area. The property includes parts of Ben Nevis, Clifford, Elliott, Arnold and Katrine townships, located in Northeastern Ontario. This transaction consists of four separate option agreements, representing the first-ever consolidation of the entire Ben Nevis volcanic complex into a single claim group holding. The transaction is expected to close within 30 days.

Brian Howlett, chief executive officer of Copper Road Resources, commented: "This is an unparalleled opportunity for Copper Road. The Ben Nevis volcanic complex has long been recognized for its potential for VMS [volcanogenic massive sulphide] deposits but has seen limited modern-day exploration. The Clifford Stock provides additional exploration potential for intrusive-related copper-gold-molybdenum deposit models. We look forward to completing this transaction and begin systematic exploration of an overlooked region of the Blake River group."

Regional geological overview

The Ben Nevis volcanic complex is located within the upper Blake River group (BRG). It is the youngest volcanic sequence within the metal-endowed Abitibi greenstone belt. Of all the Archean sequences in the Abitibi greenstone belt, the BRG contains the most abundant concentration of VMS deposits. Approximately half of the total VMS tonnage of the Abitibi greenstone belt is located in the BRA, and about 90 per cent of the total VMS gold in the belt is found in the BRA. The Noranda copper-zinc-silver-gold VMS mining district is approximately 40 kilometres in Quebec is host to 23 VMS deposits and the Doyon-Bousquet-LaRonde camp hosts 11 VMS deposits.

The presence of VMS-style alteration and mineralization in the area indicates that a synvolcanic hydrothermal system existed and the now consolidated Ben Nevis volcanic complex has the potential to host gold-rich VMS deposits comparable with those in the Noranda and Doyon-Bousquet-LaRonde mining camps. In addition, the recognition of a porphyry copper-gold-molybdenum system related to the Clifford stock in Clifford township opens up a new exploration discovery potential over the consolidated landholdings.

Property geological overview

Underpinning the geology of the property is a domal anticlinal package of mafic and felsic volcanic rocks wrapped around the Clifford stock. Northeast and northwest synvolcanic structures are excellent targets for Noranda-type VMS deposits. The layered mafic-rhyolitic volcanic package reflects a flow dome complex that hosts the Doyon-Bousquet LaRonde gold-rich VMS deposits.

Highlights of previous exploration efforts include:

• Patents include the Canagau mines shaft sunk to minus 100 metres with three levels aggregating 284 metres of crosscuts. Sampling from the 68-metre level in 1927 returned 0.52 per cent copper, 11.48 per cent zinc, 7.84 per cent lead, 112 grams per tonne gold and 151 grams per tonne silver.
• At the Croxall breccia, Hollinger Mines (1964) drilling returned 85.8 grams per tonne silver over 1.52 metres.
• Mineta Resources (1988) returned values of 114 grams per tonne gold over 1.22 metres and 0.373 gram per tonne gold over 41.6 metres at Croxall.
• Wallbridge Mining's 2003 drilling at Canagau intersected 2.07 grams per tonne gold and 2.19 per cent zinc over 10.3 metres.
• Wallbridge Mining's 2004 drilling at the Clifford copper-molybdenum-gold surface anomaly intersected 55.3 metres averaging 0.12 per cent copper, 0.05 gram per tonne gold and 0.26 gram per tonne silver. For some reason, molybdenum was not assayed for.

Recent activities

The company has recently flown a 1,164-line-kilometre, state-of-the-art MobileMT (mobile magnetotellurics) over the entire consolidated property holdings. This survey represents the first, all-encompassing electromagnetic and magnetic data airborne data collection mandate over consolidated Ben Nevis volcanic complex since 1990.

Through the audio-magnetotelluric principles, advanced engineering design and sophisticated mathematical solutions, MobileMT is the only system proven to deliver geoelectrical information from shallow to greater-than-one-kilometre depth range with high spatial (lateral and in-depth) and resistivity resolution. MobileMT system detects resistivity contrasts of geology structures and boundaries of any shape and in any direction due to total field (three components) measurements. Detectible resistivity range is not limited by the range of the time-domain principle.

The application of the survey is to identify possible fault contacts and fault-associated conductive zones and/or fluid flow conduits indicated by low-resistivity zones as alteration (resistive zones hosted by intrusive units representing potassic alteration zones) and dissemination halos associated with VMS and porphyry-hosted copper-gold-silver-molybdenum mineralization and detection of highly and superconductive deposits as the MobileMT does not have those limitations in very conductive ranges.

A 3-D inversion of the MobileMT results will be completed, followed by a data interpretation with the objective of identifying targets for ground follow-up, including diamond drilling.

Transaction terms

Under the terms of the four option agreements, the company shall have the right to earn a 100-per-cent interest in and to the projects in consideration for the cash payments and the issuance of common shares of Copper Road as set forth below. Upon the exercise of the option, the vendors would retain a 2-per-cent net smelter return (NSR) royalty on the property. Copper Road may repurchase, at any time, 50 per cent of the NSR royalty for $2-million cash and a further 25 per cent of the NSR royalty for $4-million and has a right of first refusal on the remaining 25 per cent of the NSR royalty.

The completion of the option is subject to customary closing conditions for a transaction of this nature. The transaction is subject to compliance with applicable securities laws and receipt of TSX Venture Exchange regulatory approval.

Any shares issued by the company pursuant to the option agreement will be subject to appropriate exemptions, including, but not limited to, the prospectus exemption set forth in Section 2.13 of National Instrument 45-106, Prospectus and Registration Exemptions, and any other requirements under applicable securities laws and regulations.

The company also announced that it has granted one million incentive stock options pursuant to the plan to consultants of the company. Each option is exercisable into one common share of the company at an exercise price of five cents for a five-year term expiring on Dec. 8, 2030.

Qualified person

Michael P. Rosatelli, MSc, PGeo, the senior geological consultant for the company, is a qualified person, in accordance with the Canadian regulatory requirements as set out in National Instrument 43-101, has reviewed and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

We seek Safe Harbor.