Copper Mountain Closes An Additional $2.2 Million Private Placement



    TSX.V: CUM

    VANCOUVER, Dec. 17 /CNW/ - Copper Mountain Mining Corporation ("CMMC" or
the "Company") announce that further to the Company's news release dated
December 5, 2007 it has closed an additional non-brokered private placement
raising gross proceeds of $2.2 million by the issuance of an aggregate of
881,000 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 additional financing brings the total recent funding to
$5.2 million at a purchase price of $2.50 per share. The Company intends to
use the proceeds of the private placements for further exploration drilling at
the Company's Copper Mountain Project in Princeton, British Columbia. The
Company currently has four drills operating and is continuing with its
aggressive exploration program to expand and upgrade existing resources and to
test the recently identified geophysical targets.
    In accordance with applicable securities laws, all securities issued in
connection with this additional private placement are subject to a hold period
which expires on April 17, 2008 and the Company paid a finder's fee of 5% cash
or $75,870 on 607,000 shares issued under today's announcement.

    
                   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.

    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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