Copper One Inc. Announces $4.5 million Non-Brokered Private Placement

March 31, 2011, Vancouver, BC: Copper One Inc. (TSXV: CUO) (the "Company" or "Copper One") is pleased to announce that it intends to undertake a non-brokered private placement of up 3,750,000 flow through units (the "FT Units") at a price of $0.40 per FT Unit and up to 8,571,428 non flow through units (the "NFT Units") at a price of $0.35 per NFT Unit for aggregate gross proceeds of up to $4,500,000 (the "Offering"). Each FT Unit will consist of one common share of the Company (a "Share"), which will be designated as a flow-through share pursuant to the Income Tax Act (Canada), and one share purchase warrant (a "FT Warrant"). Each FT Warrant will entitle the holder to purchase one further Share at a price of $0.60 per Share for a period of two years from the closing of the Offering. Each NFT Unit will consist of one Share and one Share Purchase Warrant (a "NFT Warrant"). Each NFT Warrant will entitle the holder to purchase one further Share of the Company at a price of $0.50 per Share for a period of two years from the closing of the Offering.

The Offering will be made available by way of private placement exemptions in Canada and may be offered in other jurisdictions where they can be issued on a private placement basis, exempt from any prospectus, registration or other similar requirements.

The Offering is subject to a number of conditions including receipt of all necessary corporate and regulatory approvals, including the approval of the TSX Venture Exchange.

All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities law legislation.

Assuming completion of the Offering, the net proceeds will be used for exploration of the Company's various exploration projects including the Rivière Dore property and for general working capital purposes.

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:

On behalf of the board of directors of Copper One Inc.,

"Alan Edwards"

Alan Edwards, B.Sc Mn Eng, MBA
President, CEO & Director

Copper One Inc.

Herrick Lau 
(604) 688-9588

FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, the Company's intention to undertake the Offering. 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 stock market conditions in general and the attractiveness of the Company for investment in particular, and other risks disclosed in our filings made with Canadian Securities Regulators.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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