Copper Mountain Mining Corporation - Exploration Update: Near-Surface intersection of 116 feet grading 1.15% copper



    TSX.V: CUM

    VANCOUVER, July 16 /CNW/ - Copper Mountain Mining Corporation ("CMMC" or
the "Company") is pleased to provide results from its on-going exploration
program. A total of five drills are currently active on the property and
approximately 100,000 feet (30,000 meters) of drilling has been completed so
far this year making it one of the largest drill exploration programs in BC
for 2008. One of the more significant results of the 2008 drill program is the
definition of new, higher-grade mineralization in the Pit 2 West area. This
new mineralization has not been incorporated into the Dec. 2007 resource model
that is the basis of the Feasibility Study, which is planned to be released
this month. An updated resource model that incorporates the 2008 drill results
to mid-July is being prepared. Current drill results for this release are from
the areas of the: Pit 2-West, Pit 2-East, Mill Zone, and Pit 3.
    The drill program is focused on continued expansion of the resource base
through both incremental additions to known resources as well as the discovery
and delineation of new zones of mineralization. The discovery of new areas of
mineralization has been greatly aided by the Titan 24 Geophysical Survey which
was completed late last year and identified substantial areas of high
chargeability both at depth and near surface. Drilling to date on these
prospective targets has proven highly successful (See news release June 4,
2008). Additionally, geotechnical and condemnation drilling to assist in mine
development was carried out during the period. Highlights of the most recent
results for 28 drill-holes are included in the table below and drill-hole
locations are shown on the attached map. Complete results can be found on the
company's website.

    Pit 2 -West

    Drilling to the west of Pit 2 continues to extend mineralization in both
northerly and westerly directions. Significant intersections include
drill-hole P2-119 which intersected 230 feet of 0.50% Cu and drill-hole P2-122
which cut 200 feet of 0.43% Cu. Additionally, drill testing to define the
northern boundary of Pit 2 produced a few interesting results such as
drill-hole P2-124 which intersected 210' grading 0.52% Cu. The mineralized
area west of Pit 2, continues to provide good results and remains open to
expansion.

    Pit 2 -East

    Drilling on the north east side of Pit 2 continues to better define the
mineralization and incrementally add to the resource base in this area, with
the most significant results coming from near surface zones intersected by
drill-hole P2-107 (103 feet grading 0.67% Cu, starting at 32 feet from
surface) and P2-110 (147 feet grading 0.50% Cu starting at 48 feet from
surface). These drill results indicate the presence of near-surface good grade
mineralization.

    Mill Zone

    Eight drill-holes were completed in the Mill Zone, a flat lying area
located just east of Pit 2 that historically was considered as a site for the
concentrator. The Mill Zone was being examined as a potential location to
store waste rock but the recent geophysical survey identified a
chargeability-high in this area. Eight drill-holes were drilled on approximate
200 feet sections covering an area about 1,000 by 1,000 feet. Drill results
suggest semi-continuous low to moderate grade mineralization through-out this
area which is near surface and open in all directions. As a result, this area
is no longer being considered for waste rock storage and resource definition
drilling will be initiated later this year.

    Pit 3 Area

    Drilling in the Pit 3 area was successful at intersecting high-grade
mineralization (322 feet grading 1.31% Cu) below the proposed super-pit bottom
and just along the top edge of a large Titan 24 chargeability anomaly as
described in the previous press release of June 4th, 2008. A follow up
drill-hole, P3-09, collared 600 feet to the northwest, flattened and deflected
northwards, consequently missing the chargeability anomaly and was terminated
at 2,355 feet. This hole did, however, intersect a near surface zone of
116 feet grading 1.15% Cu starting at 62 feet. Continued drill testing of this
deep chargeability anomaly will commence from the bottom of Pit 3 before the
end of the summer.
    The mineralized system at Copper Mountain is classified as a
bulk-tonnage, alkalic porphyry copper deposit that is hosted within Nicola
Group volcanic rocks. Mineralization is structurally controlled and focused at
multi-directional vein intersections and within vein stockwork systems. Drill
holes are usually drilled at angles of -45 or -55 degrees to provide the best
indication of the lateral extents of vertically oriented mineralization.
    The Copper Mountain project is located 300 km outside of Vancouver,
British Columbia. The Copper Mountain project is a former producer of just
under 2 billion pounds of copper and as a result has extensive infrastructure
in place, including power and water. The site can be accessed year round via a
paved public road to the mine gate, 20 kilometres from the town of Princeton.

    To view related images please click the following link:
    http://files.newswire.ca/596/NR_DH_Plan_July16.pdf

    Quality Assurance

    The company employs a system of quality control for drill results which
includes the use of blanks, certified reference material (standards) and check
assaying. Core is logged on site and split with a diamond saw. Samples are
shipped to Pioneer Laboratories for geochemical analysis of copper with all
values of greater than 1,000 ppm copper being re-analysed by assay methods for
copper, gold and silver. The drilling program is being supervised by Peter
Holbek, M.Sc., P.Geo., a qualified person as defined by National Policy
Instrument 43-101.

    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's shares trade on the Toronto Venture Exchange under the
symbol "CUM". 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
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

    "Peter Holbek"

    Peter Holbek
    VP Exploration

    
    -------------------------------------------------------------------------
    Hole-ID  Location    Azi   Dip  From   To Length  Cu Eq    Cu    Ag   Au
    -------------------------------------------------------------------------
        Pit 2-West
    -------------------------------------------------------------------------
    CM08P2
     -97    Pit 2 West    39   -51   242   282    40   0.43  0.39  1.15  0.07
    -------------------------------------------------------------------------
                                     352   402    50   1.36  1.25  3.26  0.21
    -------------------------------------------------------------------------
                                    1194  1284    90   0.55  0.41  0.93  0.34
    -------------------------------------------------------------------------
    CM08P2
     -108   Pit 2 West    39   -45   810   860    50   0.42  0.34  0.74  0.18
    -------------------------------------------------------------------------
    CM08P2
     -111   Pit 2 West    39   -52   435   535   100   0.58  0.44  0.92  0.34
    -------------------------------------------------------------------------
                                    1000  1140   140   0.25  0.21  0.57  0.10
    -------------------------------------------------------------------------
    CM08P2
     -121   Pit 2 West    39   -47   570   595    25   0.72  0.64  1.66  0.16
    -------------------------------------------------------------------------
    CM08P2
     -122   Pit 2 West    39   -47   250   270    20   1.23   1.1  2.53  0.28
    -------------------------------------------------------------------------
                                     870  1070   200   0.54  0.43  1.07  0.26
    -------------------------------------------------------------------------
                                    1250  1310    60   0.39  0.32  0.85  0.17
    -------------------------------------------------------------------------
                                    1490  1530    40   0.39  0.26  0.75  0.31
    -------------------------------------------------------------------------
    CM08P2
     -119   Pit 2 West    39   -54    95   120    25   0.41   0.3  0.84  0.27
    -------------------------------------------------------------------------
                                     290   520   230   0.61   0.5  1.29  0.26
    -------------------------------------------------------------------------
                                     660   710    50   0.31  0.25  0.72  0.15
    -------------------------------------------------------------------------
        Pit 2-East
    -------------------------------------------------------------------------
    CM08P2
     -107   Pit 2 East   309   -45    62   130    68   1.08  0.95  4.88  0.25
    -------------------------------------------------------------------------
    CM08P2
     -110   Pit 2 East   129   -45    48   195   147   0.55  0.50  1.29  0.11
    -------------------------------------------------------------------------
    CM08P2
     -113   Pit 2 East   129   -45   560   610    50   0.36  0.32  1.80  0.07
    -------------------------------------------------------------------------
    CM08P2
     -116   Pit 2 North
             Wall        229   -55    88   116    28   0.87  0.71  2.44  0.36
    -------------------------------------------------------------------------
    CM08P2
     -118   Pit 2 North
             Wall        156   -45   490   573    83   0.41  0.34  1.46  0.15
    -------------------------------------------------------------------------
    CM08P2
     -120   Pit 2 North
             Wall        158   -45   705   745    40   0.30  0.25  1.12  0.09
    -------------------------------------------------------------------------
    CM08P2
     -123   Pit 2 North
             Wall        215   -45   140   160    20   0.52  0.39  1.25  0.31
    -------------------------------------------------------------------------
    CM08P2
     -124   Pit 2 North
             Wall        158   -50   235   445   210   0.61  0.52  1.26  0.20
    -------------------------------------------------------------------------
        Mill Zone
    -------------------------------------------------------------------------
    CM08MZ
     -01    Mill Zone                 90   200   110   0.25  0.21  0.62  0.09
    -------------------------------------------------------------------------
    CM08MZ
     -02    Mill Zone    129   -45   290   380    90   0.36  0.30  0.99  0.11
    -------------------------------------------------------------------------
    CM08MZ
     -03    Mill Zone    129   -45   430   500    70   0.24  0.19  0.66  0.12
    -------------------------------------------------------------------------
    CM08MZ
     -04    Mill Zone    129   -45    35    90    55   0.60  0.51  1.97  0.20
    -------------------------------------------------------------------------
                                     220   270    50   0.34  0.27  0.92  0.15
    -------------------------------------------------------------------------
    CM08MZ
     -05    Mill Zone    129   -45   500   530    30   0.40  0.33  1.87  0.15
    -------------------------------------------------------------------------
    CM08MZ
     -06    Mill Zone    129   -45   170   394   224   0.30  0.24  0.76  0.13
    -------------------------------------------------------------------------
                                     705   785    80   0.44  0.33  1.76  0.26
    -------------------------------------------------------------------------
    CM08MZ
     -08    Mill Zone    129   -45   100   240   140   0.57  0.45  0.99  0.28
    -------------------------------------------------------------------------
        Pit 3 Area
    -------------------------------------------------------------------------
    CM08P3
     -08    Pit 3 Deep   235   -47   980  1060    80   0.63  0.53  2.30  0.20
    -------------------------------------------------------------------------
                                    1150  1204    54   0.44  0.42  1.62  0.02
    -------------------------------------------------------------------------
                                    1775  2732   957   0.62  0.55  2.23  0.14
    -------------------------------------------------------------------------
                                    2410  2732   322   1.48  1.31  5.53  0.34
    -------------------------------------------------------------------------
    CM08P3
     -09    Pit 3 Deep   226   -50    62   178   116   1.23  1.15  4.28  0.12
    -------------------------------------------------------------------------
                                    1700  1720    20   0.57  0.52   1.1  0.11
    -------------------------------------------------------------------------
    (*) Based on metal prices of: Copper US $2.50/lb, Gold at US $675/Oz, and
        Silver at US $12/Oz with metallurgical recoveries at 100%
    (xx)Previously Released
    

    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, Website: www.CuMtn.com or B&D
Capital, (604) 685-6465


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