RESOURCE CAPITAL FUND V L.P. ACQUIRES SHARES OF AQM COPPER INC.

DENVER, May 26, 2011 /CNW/ - Resource Capital Fund V L.P. ("RCF V") announces that it has acquired 3,795,000 common shares ("Common Shares") in the capital of AQM Copper Inc. ("AQM") through the open market at a purchase price of CDN$0.62 per Common Share. In addition, on May 17, 2011, RCF acquired 1,118,300 Common Shares through the open market at a purchase price of CDN$0.58 per Common Share.

Prior to the acquisitions, RCF V owned 12,118,000 Common Shares and 6,059,000 common share purchase warrants ("Warrants") representing 12.43% of the issued and outstanding Common Shares of AQM, and representing 17.56% of the issued and outstanding Common Shares, assuming the exercise of the Warrants.

Following the acquisitions, the Common Shares owned by RCF V represent 16.19% of the issued and outstanding Common Shares of AQM. Assuming the exercise of the Warrants RCF V would own 23,090,300 Common Shares, or 20.76% of the issued and outstanding Common Shares of AQM, assuming no other options, warrants or convertible securities are exercised or converted and no other Common Shares are otherwise issued by AQM.

The Common Shares of AQM were acquired by RCF V for investment purposes.  Depending upon market conditions and other factors that RCF V may deem material to its investment decisions, additional shares may be purchased in the open market or in private transactions. Depending on these same factors, securities currently owned (or hereafter acquired) by RCF V may be sold in the open market or in private transactions. This press release is issued pursuant to National Instrument 62-103 - Early Warning System and Related Issues, which requires a report to be filed on SEDAR (www.sedar.com) containing additional information with respect to the foregoing matters. A copy of this report may be obtained by contacting RCF V at the number referenced below.

SOURCE Resource Capital Fund V L.P.

For further information:

concerning the foregoing or a copy of the Early Warning Report referred to in this release, please contact:

Catherine J. Boggs
Resource Capital Fund V L.P.
1400 Sixteenth Street, Suite 200
Denver, CO 80202
Telephone: (720) 946-1444


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