July 8, 2011, Vancouver, BC: Copper One Inc. (TSXV: CUO) (the "Company" or "Copper One") announces that exploration work on the Rivière Doré project has been put on hold. Following discussions with the Ministère de Ressources naturelles et de la faune, the Secrétariat aux affaires autochtones and the Algonquin Community of Rapid Lake, Copper One and its partner Cartier Resources Inc. ("Cartier") have requested a delay for exploration on this project during the discussion period between the various stakeholders in this area. Following this request, the Ministère des Ressources naturelles et de la faune, in accordance with article 63 of the Mining Act (RSQ., c. M-13.1 and its amendments) has granted an extension of the term for 1,052 claims that comprise the Rivière Doré project to July 3rd 2013 if necessary. All claims remain in good standing with no work commitment requirements in the interim.
Francois Perron chairman of Copper One states, "We believe that our discussions and the initiative to delay exploration work on the project, will assist the Ministère de Ressources naturelles et de la faune and the Secrétariat aux affaires autochtones, confirming our commitment to respect the interests of all stakeholders in the Riviere Dore Project area".
Copper One and its partner Cartier will inform its investors and stakeholders of the progress of these discussions in a timely manner.
About Copper One Inc.
Copper One is focused on developing high-value copper deposits in leading mining jurisdictions. The Company is led by a diverse team of explorers, developers and operators with major company experience and a clear understanding of the business of mining. Copper One also holds a significant portfolio of copper properties in two stable, prolific world mining regions. The newest addition to the portfolio is the Riviere Dore Cu-Ni Project, Val d'Or District in Quebec. Copper One has six properties in the Arizona and New Mexico copper mining districts, including the Lone Mountain copper oxide project which is currently in the permitting process for a major drill program anticipated in 2011.
For more information about Copper One Inc., please visit: www.copperone.com.
On behalf of the board of directors of Copper One Inc.,
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FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, the continued advancement of the company's general business development, research development and the company's development of mineral exploration projects. When used in this document, the words "anticipate", "believe", "estimate", "expect", "intent", "may", "project", "plan", "should" and similar expressions may identify forward-looking statements. Although Copper One Inc. believes that their expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statement. Important factors that could cause actual results to differ from these forward-looking statements include the potential that fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing and other risks disclosed in our filings made with Canadian Securities Regulators.
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