Mr. Vince Sorace reports

KUTCHO COPPER ANNOUNCES $1 MILLION FINANCING

Kutcho Copper Corp. has arranged a non-brokered private placement to raise total proceeds of up to $1-million. The private placement will consist of 10 million units at a price of 10 cents per unit for gross proceeds of $1-million.

Each unit will consist of one common share in the capital of the company and one transferable common share purchase warrant exercisable at a price of 20 cents per common share for a period of 24 months from the closing date, subject to accelerated expiry as described herein.

If the closing price of the company's common shares on the TSX Venture Exchange (or such other principal exchange on which the common shares may be traded at such time) is equal to or greater than 35 cents for a period of 10 consecutive trading days, the company may (but is not required to), at its sole discretion, accelerate the expiry date of warrants to the date which is 15 days following the date upon which notice of the accelerated expiry date is provided by the company to the holders of the warrants (given by way of a news release).

The company intends to use the net proceeds raised from the sale of units to advance the Kutcho project and for general administrative and working capital expenses.

The closing of the offering is subject to the company's receipt of TSX Venture Exchange approval for the offering. The company may pay finders' fees and grant finders' warrants under the offering as permitted by TSX Venture Exchange policy and applicable securities laws. All securities issued under the offering will have a hold period of four months and a day from the date of issuance.

Certain insiders of the company may participate in the private placement, which participation will constitute a related-party transaction, as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The issuance of the units is exempt from the formal valuation requirements of Section 5.4 of MI 61-101, pursuant to Subsection 5.5(a) of MI 61-101, and exempt from the minority shareholder approval requirements of Section 5.6 of MI 61-101, pursuant to Subsection 5.7(1)(a) of MI 61-101.