Copper Mountain files preliminary prospectus



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

    TSX: CUM
    

    VANCOUVER, Sept. 4 /CNW/ - Copper Mountain Mining Corporation (TSX: CUM)
(the "Company" or "Copper Mountain") announces that it has filed a preliminary
short form prospectus with regulatory authorities in Canada in respect of a
$50 million treasury offering of common shares. A syndicate led by BMO Capital
Markets and including Canaccord Adams, Jennings Capital Inc. and Wellington
West Capital Markets Inc. are acting as underwriters in connection with the
offering. The number of common shares to be distributed and the price of each
common share will be determined in the context of the market. The underwriters
will have an option, exercisable for a period of 30 days from the date of
closing, to purchase up to a further 15% in additional common shares at a
price equal to the offering price to cover over-allotments and for market
stabilization purposes.
    The Company plans to use the net proceeds from the financing to further
the development of the Copper Mountain Project and for general corporate
purposes.
    The offering is subject to certain conditions including, but not limited
to, the entering into by the Company and the underwriter of an underwriting
agreement and the receipt of all necessary approvals, including the approval
of the Toronto Stock Exchange. The preliminary short form prospectus has been
filed on SEDAR at www.sedar.com.

    This press release is not an offer to sell or the solicitation of an
offer to buy the securities, nor shall there be any sale of the securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to qualification or registration under the securities laws of such
jurisdiction. The securities being offered have not been, nor will they be,
registered under the United States Securities Act of 1933, as amended, and
such securities may not be offered or sold within the United States or to, or
for the account or benefit of, U.S. persons absent registration or an
applicable exemption from U.S. registration requirements.

    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 Project. The 18,000 acre mine site is located
15 km south of the town of Princeton in southern British Columbia. The Copper
Mountain Project is a past producer of 1.7 billion pounds of Copper that
closed in 1996, and therefore, there is significant developed infrastructure
on site that the Company can build upon. The Copper Mountain Project has a
current resource of approximately 5 Billion pounds of copper and it is Copper
Mountain's goal to develop the Copper Mountain Project as a mid tier copper
and precious metal mine to produce approximately 100 million pounds of copper
per year by mid 2011. 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.





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,
Website: www.CuMtn.com


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