Mr. Timothy Johnson of Granite Creek reports

GRANITE CREEK COPPER TO ACQUIRE SIGNIFICANT INTEREST IN COPPER NORTH MINING CORP.

Granite Creek Copper Ltd. has entered into an agreement to acquire 26,146,233 common shares of Copper North Mining Corp., representing approximately 30 per cent of the outstanding Copper North shares, in consideration for 10,529,663 common shares of Granite Creek.

The Copper North shares are being acquired pursuant to the private agreement exemption of applicable securities laws. Granite Creek is entitled to rely on the exemption because the shares will be acquired from not more than five vendors and the value of the consideration payable for the Copper North shares is not greater than 115 per cent of the market price of the shares (determined in accordance with applicable securities laws).

Tim Johnson, Granite Creek chief executive officer, stated: "We believe this acquisition will be accretive to Granite Creek shareholders as the adjoining claim blocks of both companies share many synergies including common geology, infrastructure and expanded exploration potential. We look forward to delivering more information about this acquisition and the ongoing results from Granite Creek's recent exploration programs in the Minto Copper district, over the ensuing weeks and months."

The acquisition is subject to customary closing conditions.

About Granite Creek Copper Ltd.

Granite Creek is a Canadian exploration company focused on the 100-per-cent-owned Stu copper-gold project located in the Yukon's Minto copper district. This 115-square-kilometre property is on trend with the Pembridge Resources high-grade Minto copper-gold mine to the north and Copper North's advanced-stage Carmacks copper-gold-silver project to the south. The project has excellent access to infrastructure with the nearby paved Yukon Highway 2, along with grid power within 12 kilometres.

We seek Safe Harbor.