Change of Name to Curis Resources Ltd & New Trading Symbol "CUV"

VANCOUVER, Jan. 31 /CNW/ - PCI-1 Capital Corp. (the "Company") (TSX-V: ICC) announces that on January 28, 2011, shareholders approved the change of its name to Curis Resources Ltd. ("Curis"). The Company also has a new trading symbol on the TSX Venture Exchange, and will begin trading under the symbol "CUV" shortly.

The name Curis is an acronym for Copper (Cu)-Recovery-In-Situ. Curis' focus is to develop its flagship Florence Copper Project in Arizona, USA, into a world class low cost copper producer in the near term. The Florence Copper Project was advanced to the point of having all project operating permits in place, a feasibility study completed and the successful operation of a pilot test by former owner BHP Copper Inc. in the late 1990's. 

"We are well positioned to establish Curis as a near term next-generation copper producer," said Curis President & CEO Michael McPhie.  "Our 100%-owned Florence Project hosts a copper oxide deposit with a 429 million tonne measured and indicated resource1 that is amenable to in-situ copper recovery (ISCR) and industry-standard solvent extraction and electrowinning (SX/EW) copper production. In late 2010, we announced the completion of a very positive preliminary economic assessment (PEA) for the project and raised $38 million to advance our 18 month work plan (see November 25, 2010 news release). Over the next year, we expect to optimize our project engineering, complete a feasibility study and complete project permitting. Project permitting involves the amendment and updating of the operational permits for the project through a well-defined and time limited amendment process. Upon successful completion of these activities, Curis will start a Phase 1 development program that will involve the drilling and activation of an initial ISCR well-block and construction and commissioning of a temporary SX-EW plant to produce 99.999% pure copper cathode at the Florence Copper Project site. Construction of the full commercial SX/EW plant and well field facilities and associated infrastructure (Phase 2) will follow Phase 1 and is planned to start in late 2012." 

About Curis
Curis Resources Ltd. is a mineral development company, the major shareholder of which is Hunter Dickinson Inc. Curis is focused on the acquisition, development and operation of high-quality next-generation copper properties in progressive jurisdictions around the world. It is currently focused on advancing its 100% owned Florence Project in Arizona USA to production.

About HDI
Hunter Dickinson Inc. (HDI) is a diversified, global mine development company with a 25-year history of mineral development success. From its head office in Vancouver, Canada, HDI applies its unique strengths and capabilities to acquire, develop, operate and monetize mineral properties that provide consistently superior returns to shareholders.

Michael McPhie
President & CEO

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1 grading 0.331% total copper (TCu) and containing 2.85 billion lb copper (at a 0.05% TCu cutoff). For further details see November 25 2010 news release.

Neither the TSX Venture Exchange nor its Regulation Services Provide (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address permitting exploration drilling, exploitation activities and events or developments that the company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, potential environmental issues and liabilities associated with exploration, development and mining activities, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.

SOURCE Curis Resources Inc.

For further information:

For further details on the Company and Curis Resources Ltd. please visit www.curisresources.com or contact Susie Bell, Manager of Investor Relations, at (604) 684-6365 or within North America at 1-800-667-2114

Profil de l'entreprise

Curis Resources Inc.

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PCI-1 Capital Corp.

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