Copper Mountain closes a $3,000,000 Non-Brokered Private Placement with the MineralFields Group



    TSX.V: CUM

    VANCOUVER, Dec. 5 /CNW/ - Copper Mountain Mining Corporation ("CMMC" or
the "Company") announce that it has closed a non-brokered private placement
raising gross proceeds of $3,000,000 by the issuance of an aggregate of
1,200,000 common shares in the capital of the Company, issued on a
flow-through basis under the Income Tax Act (Canada), at a purchase price of
$2.50 per share.
    The Company paid to Limited Market Dealer Inc. (the "Finder") on closing,
a commission payable by the issuance of 47,200 common shares in the capital of
the Company and common share purchase warrants that entitle the Finder to
purchase up to 82,600 common shares in the capital of the Company at a
purchase price of $2.50 per share exercisable for a period of 18 months from
the date of closing the private placement. The Company also paid the Finder a
due diligence fee of $90,000 plus GST.
    In accordance with applicable securities laws, all securities issued in
connection with the private placement are subject to a hold period which
expires on April 6, 2008.
    The Company intends to use the proceeds of this private placement for
further drilling exploration at the Company's Copper Mountain Project in
Princeton, British Columbia where the Company currently has five drill rigs
operating and is conducting one of the largest exploration programs in BC this
year.
    "We are very pleased to be entering into this relationship with
MineralFields Group", said James O'Rourke President and CEO. "This week has
seen an important milestone in the growth of Copper Mountain Mining
Corporation and we look forward to working with MineralFields Group as we
continue to develop our Copper Mountain Project and follow up on the highly
encouraging Titan 24 deep earth imaging results released this week."

    About Copper Mountain Mining Corporation
    ----------------------------------------
    CMMC is a new public BC resource company managed by an experienced team
of professionals with a solid track record of exploration and development
success. The Company owns 100% of 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
into a major copper and precious metal producer within the next three years.
Additional information is available on the Company's web page at
www.CuMtn.com.

    About MineralFields, Pathway and First Canadian Securities (R)
    --------------------------------------------------------------
    MineralFields Group (a division of Pathway Asset Management) is a
Toronto-based mining fund with significant assets under administration that
offers its tax-advantaged super flow-through limited partnerships to investors
throughout Canada during most of the calendar year, as well as hard-dollar
resource limited partnerships to investors throughout the world. Pathway Asset
Management also specializes in the manufacturing and distribution of
structured products and mutual funds. Information about MineralFields Group is
available at www.mineralfields.com. First Canadian Securities(R), a division
of Limited Market Dealer Inc., is active in leading resource financings (both
flow-through and hard dollar PIPE financings) on competitive, effective and
service-friendly terms, with investors both within, and outside of
MineralFields Group.

    On behalf of the Board of
    COPPER MOUNTAIN MINING CORPORATION

    "Rod Shier"

    Rod Shier
    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.

    %SEDAR: 00025279E




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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