Mr. John O'Donnell reports

APPOINTMENT OF OFFICER AND GRANT OF OPTIONS

PNG Copper Inc. has appointed Eric Plexman as chief financial officer and secretary of the company to replace Paul Rokeby who is retiring and resigning as chief financial officer and director to be able to spend more time on other activities. The company would like to express its appreciation to Mr. Rokeby for his past contributions to the company.

The company has granted a total of six million incentive stock options to directors, officers and a consultant of the company. These options are exercisable over five years at an exercise price of five cents. Twenty-five per cent of the options will vest on the date of grant and 25 per cent of the options will vest at the end of each subsequent six-month period during the term of the option.

About PNG Copper Inc.

PNG Copper is a mineral exploration company focused on acquiring, exploring and developing quality mineral properties in Canada. The company's core values are respect for the community, the landowners, the environment and operating a safe workplace for its employees. The company is also committed to best practice standards of corporate governance.