Mr. Philip Potter reports

GETTY COPPER INC. ANNOUNCES DEBT SETTLEMENT

Getty Copper Inc. has agreed to issue 11.65 million shares at a price of five cents per share to settle $582,500 of indebtedness of the company. This includes 10 million shares to be issued to non-arm's-length creditors who are controlled by John Lepinski, who is a control person of the company. One million six hundred fifty thousand share purchase warrants were issued to an arm's-length creditor. The warrants are exercisable at a price of five cents per share for a period of two years from the date of issuance.

The shares for debt to insiders is exempt from the requirements of Multilateral Instrument 61-101 under sections 5.5(a) and (b) and 5.7(1)(a).

Completion of the shares-for-debt transaction remains subject to the approval of the TSX Venture Exchange.