Copper Mountain $20 Million Equity Offering Closed



    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/

    TSX.V: CUM

    VANCOUVER, June 30 /CNW/ - Copper Mountain Mining Corporation ("CMMC" or
the "Company) announces that it has now closed the $20 million equity public
offering (including a $5 million Agent Over Allotment Option that was fully
subscribed) announced in the Company's news release of June 4, 2008. The
financing raised gross proceeds of $20 million by way of issuing 9,523,808
units (the "Units") at a price of $2.10 per Unit (the "Offering"). Each Unit
is comprised of one common share ("Share") of the Company and one-half of one
common share purchase warrant of the Company, each whole warrant ("Warrant")
being transferable and exercisable to acquire one Share of the Company
("Warrant Shares") at an exercise price of $2.50 per Share until June 30,
2009. The Warrants will commence listing on the TSX Venture Exchange on
Wednesday July 2, 2008 under the symbol CUM.WT. The distribution of the Shares
and Warrants under the Offering was qualified by way of a long form
prospectus. The Offering was conducted on an agency basis by Jennings Capital
Inc. and Canaccord Capital Corporation (collectively, the "Agents").
    In consideration for the services to be rendered by the Agents under the
Offering, the Agents received a cash commission equal to 6% of the aggregate
gross proceeds of the Offering. The Agents also received agent warrants
("Agents' Warrants") exercisable to purchase up to 571,428 common shares in
the capital of the Company. Each Agents' Warrant will entitle the holder to
acquire one Share at a price of $2.10 up until June 30, 2009.
    The net proceeds of the Offering will be used to advance the development
activities on the Copper Mountain Project by providing funding for: the
procurement of long lead items; a continuation of the exploration program, and
for general working capital purposes.

    About Copper Mountain Mining Corp.:

    CMMC is a BC resource company managed by an experienced team of
professionals with a solid track record of exploration and development
success. The Company owns 100% the Copper Mountain Project which holds the
mineral claims and crown grants over the 18,000 acre mine site. Copper
Mountain Mining Corp. has the goal of developing the Copper Mountain Project
as a mid tier copper and precious metal producer within the next three years.
Additional information is available on the Company's web page at
www.CuMtn.com.

    On behalf of the Board of
    COPPER MOUNTAIN MINING CORPORATION

    "Rod Shier"

    Rod Shier
    Director and Chief Financial Officer

    Note: This release contains forward-looking statements that involve risks
and uncertainties. These statements may differ materially from actual future
events or results. Readers are referred to the documents, filed by the Company
on SEDAR at www.sedar.com, specifically the most recent reports which identify
important risk factors that could cause actual results to differ from those
contained in the forward-looking statements. The Company undertakes no
obligation to review or confirm analysts' expectations or estimates or to
release publicly any revisions to any forward-looking statement.

    The Units, including the common stock, warrants and shares underlying the
warrants, offered are not currently qualified by prospectus or registered
under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or
the laws of any state, and may not be offered or sold in the United States
absent registration or an applicable exemption from the registration
requirements. The securities are subject to resale restrictions under
applicable securities laws.





For further information:

For further information: Don Graham, Director Investor Relations, (604)
682-2992 ext. 224, Email: don@CuMtn.com; or B&D Capital, (604) 685-6465


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