Copper Mountain Mining Corp (CMMC)

[Ace Trader]

Copper Mountain Announces Second Quarter 2012 Concentrate Shipments

VANCOUVER, July 3, 2012 /PRNewswire via COMTEX/ -- Web Site: www.CuMtn.com TSX: CUM


From an operational point of view, the addition of the extra mining equipment announced earlier this year has assisted in increasing the mining capacity and has also allowed flexibility in mine planning. The Company is presently reviewing its 2012 mine plane with a view of further optimization to maximize copper production. Mill production has been improving modestly during the quarter; however, operational challenges continue to hamper reaching design capacity on a consistent basis. As a result the Company has agreed to extend its completion guarantees with the project banks until June 30, 2013 or until project banking completion has been achieved.

In addition, during the quarter the Company also commenced its 2012 exploration program which forms the first part of a larger three year exploration strategy for the property. The objectives of the exploration program are threefold: determination of the potential long-term pit limits, conversion of resources to reserves in order to assist with near to mid-term mine planning and continued exploration of outlying or new areas of mineralization. There are currently three drills on the property (2 diamond drills and 1 percussion drill) which are working on a number of the target areas. Drilling has been focused along the western and northern edges of the Pit 2, partly to expand the pit limits, test mineralization at depth and to infill gaps within the resource model. Additional drilling has been undertaken along the outlying Alabama trend, and will also test mineralization at depth below the southern end of Pit 3.

About Copper Mountain Mining Corporation: Copper Mountain is a Canadian resource company managed by an experienced team of professionals with a solid track record of exploration and development success. The Company's shares trade on the Toronto Stock Exchange under the symbol "CUM". Copper Mountain owns 75% and Mitsubishi Materials Corporation owns 25% of the Copper Mountain Mine. The 18,000 acre mine site is located 20 km south of the town of Princeton in southern British Columbia. The Copper Mountain Mine has a current resource of approximately 5 billion pounds of copper and recently commenced production. Additional information is available on the Company's new web page at www.CuMtn.com .