Vancouver, British Columbia, December 17, 2009: Copper One Inc. (TSX-V: CUO) ("Copper One" or the "Company") is pleased to announce that Mr. Alan Edwards has been appointed President, CEO and Director of the Company effective December 16th, 2009. As well, the Company reports that permits are now in place to begin drilling on the flagship Lone Mountain property in mid-January.
Mr. Edwards is a successful mining professional with 25 years of diverse mining industry experience, with an emphasis on copper deposit development. He was President and CEO of Frontera Copper Corporation which was acquired in early 2009. From 2004 to 2007, Mr. Edwards held the position of Executive Vice President and Chief Operating Officer of Apex Silver Mines Corporation, where he was responsible for the engineering, construction and commissioning of the San Cristobal project in Bolivia. From 1996-2000, he worked for Cyprus Amax Minerals Company where he rose to the position of President/General Manager of Sociedad Minera Cerro Verde S.A. in Peru. He worked with Phelps Dodge Corporation for 15 years, holding various positions including General Manager of Operations, Chino Mines Company. Alan has held senior operating positions with P.T. Freeport Indonesia and Kinross Gold Corporation. He has a B.Sc., Mining Engineering and an MBA (Finance), both from the University of Arizona.
The drilling program at the Lone Mountain property in New Mexico, Copper One's advanced, flagship oxide copper project located in the "copper belt" between the producing mines of Tyrone and Chino, in the state of New Mexico, is set to begin in mid- January. Aggressive drilling of the oxide copper resource is planned for 2010, now that surface rights issues have been solved with the acquisition of the LT ranch.
About Copper One Inc.
Copper One Inc. holds a significant portfolio of copper properties in one of the world's most prolific copper-producing regions, in Arizona and New Mexico. This area hosts some of the world's largest and most profitable copper deposits and as a group, contain over 10% of the world's copper production. Copper One Inc. is focused on the discovery of copper resources which are suitable for leaching. Lone Mountain, the company's feature property, is within sight of the large Tyrone and Chino porphyry copper deposits owned by Freeport-McMoRan.
In compliance with National Instrument 43-101, Dr. Lawrence Dick is the Qualified Person responsible for the accuracy of this news release.
On behalf of the board of directors of Copper One Inc.,
Patrick Highsmith M.Sc Geo
FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. In this news release, the statements regarding the Company's planned drilling program at the Lone Mountain property in New Mexico are forward-looking statements, and whether the planned work program takes place as described may be affected by numerous factors, some of which may be beyond the Company's control. These factors include: results of exploration activities and development of mineral properties, fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing, currency fluctuations, general market and industry conditions and other risks disclosed in the Company's filings with Canadian Securities Regulators.
Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither 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.