Mr. George Ogilvie reports

ARIZONA SONORAN PURCHASES CONTIGUOUS MAINSPRING PROPERTY PROVIDING ADDITIONAL PLANNING FLEXIBILITY FOR THE PFS

Arizona Sonoran Copper Company Inc. has entered into a purchase and sale agreement (PSA) in respect of the MainSpring property, 523 acres of private land immediately south of the Parks/Salyer project and east of the mine access road. The total increased land position of the combined Cactus and Parks/Salyer project is expected to be 5,368 acres, up from 4,845 acres. As a result, operational flexibility significantly improves with regard to planning requirements for the rescoped prefeasibility study (PFS).

George Ogilvie, Arizona Sonoran president and chief executive officer, stated: "As we continue to progress towards the design, engineering and infrastructure layout phases of the study, the MainSpring property provides the company with strategic alternatives to plan and optimize the rescoped PFS. Specifically, the additional land allows for optimization within production scenarios being reviewed at Parks/Salyer and further flexibility in a potential Nuton scenario, thus allowing consideration of the most value accretive proposition for shareholders."

Key terms of the PSA

Cactus 110 LLC (a group company of Arizona Sonoran) has entered into a purchase and sale agreement in respect of certain parcels of real property situated in Pinal county comprising approximately 523 acres. The total purchase price for the property is $14-million (U.S.) to be paid:

• Payment of a $1-million (U.S.) non-refundable deposit into an escrow account at the time of signing of the agreement;
• Payment of $2-million (U.S.) on or prior to the expiry of the PSA due diligence date (such date being five months (subject to one month's extension at the option of ASCU) into escrow;
• Payment of $5-million (U.S.) one year from the effective date (being the signing date of the PSA). Title is then transferred to Cactus 110 LLC;
• Payment of $6-million (U.S.) together with accrued interest at 6 per cent per annum, within one year from the closing date secured by way of a promissory note and deed of trust on the subject property. The promissory note may be repaid at any time prior to maturity with no penalties following which the deed of trust will be released.

The agreements also include customary terms and conditions as applicable to transactions of a similar nature.

The MainSpring property demonstrates exploration upside contiguous to the Parks/Salyer project and may be the subject of future work programs for the company. However, in the medium term, the company's focus remains on mine planning and engineering required for the upcoming PFS incorporating the existing Parks/Salyer and Cactus resource base.

Permitting activities will be directed to the state and county levels in a similar process to owning private land.

Technical aspects of this news release have been reviewed and verified by Allan Schappert -- CPG No. 11758, who is a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

About Arizona Sonoran Copper Company Inc.

Arizona Sonoran's objective is to become a mid-tier copper producer with low operating costs, and to develop the Cactus and Parks/Salyer projects that could generate robust returns for investors and provide a long-term sustainable and responsible operation for the community and all stakeholders. The company's principal asset is a 100-per-cent interest in the Cactus project (former Asarco's Sacaton mine), which is situated on private land in an infrastructure-rich area of Arizona. Contiguous to the Cactus project is the company's 100-per-cent-owned Parks/Salyer deposit, which could allow for a phased expansion of the Cactus mine once it becomes a producing asset. The company is led by an executive management team and board which have a long-standing record of successful project delivery in North America complemented by global capital markets expertise.

We seek Safe Harbor.