CVRD Inco options Copper Ridge's Ironman IOCG property

    VANCOUVER, June 26 /CNW/ - Copper Ridge Explorations Inc. ("Copper Ridge"
or the "Company") announces that it has reached an agreement whereby CVRD Inco
Limited ("CVRD Inco") may earn a 70% interest in the Company's Ironman iron
oxide copper-gold ("IOCG") project, Yukon. Over the past three years, Copper
Ridge has completed geological, geophysical and geochemical surveys to define
a 1.5 by 2 km, 4 milligal gravity anomaly with coincident anomalous Max-Min
electromagnetics ("EM") and Induced Polarization ("IP") chargeability and
resistivity responses. CVRD Inco is planning an exploration program for the
2007 field season that will include additional geophysical surveying and, if a
suitable contractor is available, diamond drilling. The Ironman Property is
subject to a 2% net smelter returns royalty in favour of the original property
owner, of which 50% (i.e. 1%) can be bought out for $1.0 million.
    According to the terms of the agreement, CVRD Inco may acquire a 70%
interest in the property by assuming the payment of the cash property payments
to the underlying owner and by completing and funding a feasibility study on
the property on or before the sixth anniversary of the agreement. Minimum
annual work programs of $250,000 in the first three years and $500,000 in the
second three years of the option term are required. When CVRD Inco has earned
its 70% interest, Copper Ridge will then have the option of either retaining a
30% participating interest by paying its proportionate share of costs or
reducing to a 20% interest with CVRD Inco carrying all costs to production.
The Company would then repay its 20% proportionate share of the capital costs
from 70% of its share of revenue from production.
    On the Ironman property, several copper +/- gold occurrences associated
with Proterozoic-aged iron-rich breccia bodies have been discovered peripheral
to the gravity anomaly (see News Releases dated September 15, 2005,
September 22, 2006 and Copper Ridge's web site - The
gravity anomaly has been interpreted as being caused by rocks of high density,
possibly iron-rich breccia, in the near subsurface. Results from the IP and EM
surveys suggest that the source of the gravity anomaly is also conductive,
perhaps caused by metallic mineralization. Along the main geophysical survey
line, the anomaly is approximately 1,500 m in length. In the immediate area of
the gravity anomaly, a thin layer of younger limestone covers the older rocks
that host the breccia mineralization. Mr. J. Greg Dawson, P.Geo., Vice
President of Exploration for Copper Ridge, is the Qualified Person for the
Ironman project.

    Copper Ridge's exploration philosophy focuses on maximizing the potential
for success in a high-risk business. With grass roots mineral exploration,
where the entry cost is low but the potential reward can be very high, success
will be contingent on exploration skill and on carefully managed risk. Our
management team brings tenacity, technical skill and experience, all crucial
ingredients for discovery. By exploring a broad array of projects, focusing on
the right commodities, in areas of high mineral potential, in mining-friendly
jurisdictions and by sharing the risks on some projects with joint venture
partners, Copper Ridge is exposing its shareholders to a greater chance for
discovery. The Company is well financed for the 2007 field program on its
Yukon and British Columbia properties.

    TSX Venture Exchange - KRX
    Pink Sheets - CRXOF
    Berlin - 502845

    This release was prepared by management of the Company who takes full
    responsibility for its contents. The TSX Venture Exchange has not
    reviewed and does not accept responsibility for the adequacy or accuracy
    of this news release.

For further information:

For further information: Gerald G. Carlson, President & CEO, Copper
Ridge Explorations Inc., Suite 500 - 625 Howe Street, Vancouver, B.C. V6C 2T6,
Phone: (604) 688-0833, 1-888-278-2288, Fax: (604) 688-0835,

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